Investor Relationship
In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 311,754,461 | 271,582,786 | 14.791 | 262,974,261 | 18.549 |
| Gross Profit (Loss) | 72,991,842 | 78,394,504 | -6.891 | 48,414,397 | 50.764 |
| Operational Profit (Loss) | 50,000,607 | 40,450,537 | 23.609 | 23,253,202 | 115.026 |
| Net profit (Loss) | 26,085,255 | 13,478,954 | 93.525 | 3,293,621 | 691.993 |
| Total Comprehensive Income | 34,410,377 | -24,556,436 | – | 7,165,065 | 380.252 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 851,213,007 | 691,764,096 | 23.049 |
| Gross Profit (Loss) | 168,303,781 | 158,384,693 | 6.262 |
| Operational Profit (Loss) | 163,367,095 | 84,865,865 | 92.5 |
| Net profit (Loss) | 94,399,481 | 17,515,461 | 438.949 |
| Total Comprehensive Income | 87,537,500 | -21,385,465 | – |
| Total Shareholders Equity (after Deducting Minority Equity) | 547,905,994 | 530,777,649 | 3.227 |
| Profit (Loss) per Share | 1.45 | 0.27 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | – | – | |
| Accumulated Losses | -9,552,779 | 1.4 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The company achieved an increase in revenue for the current quarter compared to the same quarter of the previous year, with a rise of 40 million Saudi Riyals and a growth rate of 15%, reaching 312 million Riyals, up from 272 million Riyals in the same quarter last year.
This revenue growth is mainly due to:
• An increase in the Call Centers sector revenue by 29 million Riyals (28%) due to the signing of new contracts.
• An increase in the Schools sector revenue by 13 million Riyals (18%) as a result of higher student enrollment and the opening of two new schools in 2024. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The company achieved an increase in net profit during the current quarter compared to the same quarter of the previous year, amounting to 12 million Saudi Riyals, with a growth rate of 91%. This increase is primarily due to reversing the previous decline in the value of property and equipment, as well as a reduction in selling and marketing expenses by 1.2 million Riyals (28%) as a result of reducing employee costs, in line with the group’s efforts to enhance operations and cut unnecessary expenses.
Additionally, general and administrative expenses decreased by 3.4 million Riyals (10%) due to lower depreciation costs for right-of-use assets associated with subleasing. Zakat expenses also declined by 4.4 million Riyals (75%), as the Zakat-related accrual was recorded in the same quarter of the previous year, with no accrual recorded this quarter.
Finance income rose by 3 million Riyals due to a sublease agreement signed during this period, despite a decrease in other income by 2 million Riyals (36%) due to a reduction in dividend distributions from equity investments and a 3.4 million Riyal decline in unrealized gains from derivative financial instruments. Financing costs increased by 1.7 million Riyals (9%) due to a higher SAIBOR rate compared to the same quarter last year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The company achieved an increase in revenue during the current quarter compared to the previous quarter, with a rise of 49 million Saudi Riyals, marking a growth rate of 19%. Revenues reached 312 million Riyals, up from 263 million Riyals in the previous quarter.
This revenue growth is attributed to:
• An increase in the Call Centers sector revenue by 19 million Riyals (16%) due to securing new contracts.
• An increase in the Schools sector revenue by 15 million Riyals (23%) resulting from a higher number of enrolled students and the opening of two new schools in the first semester of 2024.
• An increase in the Training sector revenue by 17 million Riyals (50%) due to a rise in the number of trainees compared to the previous quarter and new contracts signed to provide training services to new clients. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The company achieved an increase in its net profit during the current quarter by 22 million Saudi Riyals compared to the previous quarter of this year. This rise is attributed to higher revenues, improved operational activities within the group, and the reversal of the previous decline in the value of property and equipment during this quarter.
This growth came despite an increase in general and administrative expenses by 4 million Riyals (15%), an additional 6 million Riyals in credit loss provisions, a decline in unrealized gains from derivative financial instruments by 3 million Riyals, and a rise in financing costs by 1.2 million Riyals (6%) due to the higher SAIBOR rate. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The company achieved an increase in revenue during the current period compared to the same period of the previous year, with a rise of 159 million Saudi Riyals and a growth rate of 23%, reaching 851 million Riyals compared to 692 million Riyals in the same period last year.
This revenue growth is attributed to:
• An increase in the Call Centers sector revenue by 99 million Riyals (37%) due to securing new contracts.
• An increase in the Schools sector revenue by 38 million Riyals (22%) as a result of higher student enrollment and the opening of two new schools in the first semester of 2024.
• An increase in the Administrative Projects sector revenue by 15 million Riyals (40%) due to signing new contracts with clients.
• An increase in the Training sector revenue by 9 million Riyals (8%) thanks to a rise in the number of trainees and new contracts signed with clients for training services. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The company achieved an increase in net profit during the current period compared to the same period last year, amounting to 77 million Saudi Riyals. This increase is primarily due to revenue growth of 159 million Riyals (23%) and improved operational activities within the group, particularly in the training and university sectors. Additionally, a sublease contract for an educational and residential complex contributed to the growth, along with the reversal of the previous decline in the value of property and equipment. This positive performance came despite an increase in financing costs by 9 million Riyals due to a higher SAIBOR rate compared to the same period last year. |
| Statement of the type of external auditor’s report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | Some comparative figures have been reclassified where necessary for better presentation. |
| Additional Information | Earnings per share are calculated by dividing the profit for the period attributable to shareholders of the parent company by the weighted average number of common shares during the period. |
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