Academy of Learning swings to SAR 3.41M profit in Q1 2026/27

Academy of Learning Co. (AOL) reported a net profit of SAR 3.41 million for Q1 2026/27 (ended in Sept. 2026), against a net loss of SAR 12.97 million a year earlier.

Revenue jumped 181.9% to SAR 74.4 million, compared to SAR 26.4 million in the year-earlier quarter, mainly driven by corporate contract revenue, which rose to SAR 51.5 million from SAR 1.9 million, accounting for 69.3% of total revenue.

The subsidiary, Inspiring Learning Private Schools Co., also commenced actual operations at the start of the 2026/2027 academic year, generating SAR 3 million in revenue from individuals, compared to no revenue in the year-earlier quarter.

Gross profit increased to SAR 36.8 million in Q1 2026.27 from SAR 4.4 million, with the gross profit margin improving to 49.4% from 16.8% in the corresponding quarter.

Expected credit loss (ECL) provisions declined to SAR 2.9 million from SAR 3.8 million, while the company recorded SAR 1.4 million in gains from remeasurement of derivative financial instruments.

Shareholders’ equity, no minority interest, rose to SAR 163.1 million in Q1 2026/27 from SAR 131.2 million in Q1 2025/26.

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