• Revenue from the Call Centres and Information Technology segment decreased by SAR 34.8 million, primarily due to the non-renewal of a major contract, in line with management’s strategy to improve the segment’s profit margins and focus on projects offering higher returns going forward.

• Revenue from the Training segment decreased by SAR 4.9 million due to lower operating levels during the period, particularly at the Group’s subsidiaries Franklin and Fast Lane UAE in the United Arab Emirates, amid the prevailing conditions in the region.

Conversely, the Company continued to achieve growth in the Schools segment, which generated revenue of SAR 87 million, representing an increase of SAR 9.6 million compared with the corresponding quarter of the previous year. This growth was driven by increased student enrollment and continued improvement in utilization rates.

• The overall decrease in the Group’s revenue during the current quarter compared with the corresponding quarter of the previous year.

• Net profit from the Schools segment decreased by SAR 1.7 million, despite the increase in the segment’s revenue during the period. This was primarily attributable to the restatement of the comparative figures for the corresponding quarter of the previous year, which increased the segment’s net profit for the comparative period by SAR 5 million to SAR 10 million, in accordance with the revenue recognition standards applicable to the Schools segment in the Kingdom of Saudi Arabia.

• Net profit from the Call Centres and Information Technology segment decreased by SAR 1.4 million due to lower segment revenue.

• The provision for expected credit losses increased by SAR 4.3 million, in accordance with the expected credit loss model applied by the Group.

• Finance costs associated with borrowings and lease contracts increased by SAR 1.1 million.

• Zakat and income tax expense increased by SAR 3.7 million compared with the corresponding quarter of the previous year, due to the reversal of Zakat and tax provisions of the same amount during the corresponding quarter of the previous year.

The decrease in the Company’s net profit was partially offset by the following positive factors:

• The Group’s gross profit increased to SAR 63 million, representing an increase of SAR 2 million compared with the corresponding quarter of the previous year. This improvement was driven by operating cost efficiencies and a greater focus on higher-margin projects, particularly within the Training and Call Centres and Information Technology segments.

• Net profit from the Training segment increased by SAR 2.2 million as a result of improved operating efficiency and cost optimization, despite the decrease in the segment’s revenue during the period.

• General and administrative expenses decreased by SAR 2.2 million, reflecting the Group’s continued cost-control measures in line with revenue levels.

• Finance income from leaseback arrangements increased by SAR 1.4 million.

• Other income increased by approximately SAR 1.0 million compared with the corresponding quarter of the previous year.

• The Group continued to deliver positive revenue performance across its key segments, particularly the Training segment, whose revenue increased by SAR 5.2 million due to a recovery in business activity compared with the previous quarter. The Training segment’s results in the previous quarter were impacted by the effect of the prevailing regional conditions on the operations of Franklin and Fast Lane UAE.

• Revenue from the Schools segment increased by SAR 1.2 million, driven by continued growth in student enrollment and improved utilization rates during the current quarter.

Conversely, revenue from the Call Centres and Information Technology segment decreased by SAR 7.3 million, primarily due to the continued impact of the expiry of a major contract on the segment’s revenue.

The increases achieved by the Training, Schools, and University segments offset most of the decline in the Call Centres and Information Technology segment, contributing to the overall stability of the Group’s revenue compared with the previous quarter.

• The Group’s gross profit increased to SAR 63 million in the current quarter, compared with SAR 53 million in the previous quarter, representing an increase of SAR 10 million, or 19%. This improvement was driven by higher utilization rates and operating cost efficiencies across most of the Company’s key segments, particularly the Training, Call Centres and Information Technology, and University segments, despite revenue remaining broadly stable compared with the previous quarter.

• Net profit from the Training segment increased by SAR 8.0 million due to a recovery in business activity compared with the previous quarter, following the impact of the prevailing regional conditions on the operations of Franklin and Fast Lane UAE during the first quarter of the current year.

• Net profit from the Call Centres and Information Technology segment increased by SAR 1.0 million as a result of improved operating performance during the quarter, despite the continued impact of the non-renewal of a major contract.

• Finance costs decreased by SAR 1.2 million compared with the previous quarter.

• The Zakat and income tax provision decreased by SAR 2.0 million compared with the previous quarter.

The increase in the Company’s net profit was achieved despite the following:

• The Schools segment was affected by seasonal factors during the current quarter, resulting in a SAR 3.0 million decrease in the segment’s net profit compared with the previous quarter.

• General and administrative expenses increased by SAR 3.6 million compared with the previous quarter, primarily due to expenses related to administrative improvement initiatives, the development of technology and resource-management systems, and certain advisory expenses incurred during the period.

• Revenue from the Call Centres and Information Technology segment decreased by SAR 57.4 million, primarily due to the non-renewal of a major contract, in line with management’s strategy to improve the segment’s profit margins and focus on projects offering higher returns going forward.

• Revenue from the Training segment decreased by SAR 9.0 million due to lower operating levels during the period, particularly at the Group’s subsidiaries Franklin and Fast Lane UAE in the United Arab Emirates, amid the prevailing conditions in the region.

• Revenue from the University segment decreased by SAR 3.8 million due to lower activity levels across several projects during the current period compared with the corresponding period of the previous year.

Conversely, the Company continued to achieve growth in the Schools segment, which generated revenue of SAR 172 million, representing an increase of SAR 14 million compared with the corresponding period of the previous year. This growth was driven by increased student enrollment and continued improvement in utilization rates during the current academic year.

• The overall decrease in the Group’s revenue during the current period compared with the corresponding period of the previous year, which resulted in a decline in the Group’s gross profit.

• Net profit from the University segment decreased by SAR 2.8 million due to lower revenue and reduced operating activity during the period compared with the corresponding period of the previous year.

• Net profit from the Call Centers and Information Technology segment decreased by SAR 2.6 million due to lower segment revenue following the expiry of a major contract.

• Net profit from the Training segment decreased by SAR 1.6 million due to lower activity levels, particularly at the Group’s subsidiaries Franklin and Fast Lane UAE in the United Arab Emirates, whose operations were affected by the prevailing regional conditions during the period.

• The provision for expected credit losses increased by SAR 5.4 million compared with the corresponding period of the previous year, in accordance with the expected credit loss model applied by the Group.

• Finance costs associated with borrowings and lease contracts increased by SAR 3.5 million compared with the corresponding period of the previous year.

• Zakat and income tax expense increased by SAR 3.9 million compared with the corresponding period of the previous year.

The decrease in the Company’s net profit was partially offset by the following positive factors:

• Net profit from the Schools segment increased by SAR 1.3 million, driven by higher revenue resulting from growth in student enrollment, continued improvement in utilization rates, and operating cost efficiencies. This improvement was achieved despite the restatement of the comparative figures for the corresponding period of 2025, which increased the segment’s net profit for the comparative period by SAR 11 million, in accordance with the revenue recognition standards applicable to the Schools segment in the Kingdom of Saudi Arabia.

• General and administrative expenses decreased by SAR 3.2 million, reflecting the Group’s continued cost-control measures in line with revenue levels, despite certain costs associated with administrative improvements incurred during the second quarter to support future growth plans.

• Other operating income increased by approximately SAR 2.2 million.

• Finance income increased by SAR 2.8 million compared with the corresponding period of the previous year.

1. The Group reassessed the revenue recognition method for educational service revenues in the financial statements fir the year ended December 31, 2025, so that revenues are now recognized over the duration of the academic year rather than the financial year. This change has been made in accordance with the guidance issued by the Saudi Organization for Chartered and Professional Accountants (“SOCPA”).

This change reflects the Group’s application of a method that more faithfully represents the pattern of satisfaction of its contractual performance obligation under IFRS 15. As a result of the change in the method of recognizing educational service revenues, the comparative figures have been restated.

Impact of this change in revenue recognition on the comparative figures as at December 31, 2024, January 1, 2024, and for the year ended December 31, 2024 is disclosed in the financial statements for the year ended December 31, 2025. Here in the impact of this change on the comparative figures as at June 30, 2025 and for the six months period then ended is only disclosed.

2. During the period, management has completed the purchase price allocation for this acquisition, such a process resulted in an amendment to the fair value of intangible assets in excess. Given to that, fair value amendment resulted in an impairment in the temporary goodwill previously recognized, an excess in non-controlling value and amendment recognition for depreciation expense of intangible assets.

• Basic earning per share is calculated by dividing net profit for the period attributable to shareholders of the Company by the weighted average number of ordinary shares during the period. The company does have no financial instruments, or probable diluted shares may affect the earning per share during the presented periods, therefore, the diluted earning per share equals the basic earning per share.

• Total comprehensive income attributable to the Company’s shareholders for the period ended 30 June 2026 amounted to SAR 14.6 million.

• Total equity attributable to the shareholders of the Parent Company as of 30 June 2026 amounted to SAR 525 million, compared with SAR 510 million as of 31 December 2025.

• The Company intends to hold a conference call with analysts and investors to discuss the results for the period. The date of the call will be announced to shareholders once confirmed.