Al Mohafaza profit down 38% to SAR 5.9M in FY 2024/25
Al Mohafaza Company for Education reported a net profit of SAR 5.9 million for the fiscal year (FY) 2024/2025, down 38% from SAR 9.4 million a year earlier.
Financials (M)
| Item | 2024 | 2025 | Change |
|---|---|---|---|
| Revenues | 29.12 | 27.62 | (5.1 %) |
| Gross Income | 12.92 | 10.38 | (19.7 %) |
| Operating Income | 7.00 | 3.73 | (46.7 %) |
| Net Income | 9.40 | 5.86 | (37.7 %) |
| Average Shares | 8.00 | 8.00 | - |
| Earnings Per Share before unusual items (Riyals) | 1.18 | 0.73 | (37.7 %) |
| EPS (Riyal) | 1.18 | 0.73 | (37.7 %) |
The profit decline was attributed to lower rental income following the expiration of the lease for a building used by Gulf Private Colleges, a subsidiary of Binaa Educational Co., which has since been reclassified as property and equipment.
The company also cited a decline in student numbers and other revenue, along with the discontinuation of government subsidies.
Al Mohafaza’s H2 2024/2025 net profit fell 85.3% to SAR 0.77 million from SAR 5.25 million a year earlier. Compared to the first half of the year, profits declined 84.8% from SAR 5.08 million.
Current Half Annual Comparison (M)
| Item | H2 2024 | H2 2025 | Change |
|---|---|---|---|
| Revenues | 14.54 | 11.87 | (18.4 %) |
| Gross Income | 7.27 | 3.67 | (49.6 %) |
| Operating Income | 4.19 | 0.55 | (86.9 %) |
| Net Income | 5.25 | 0.99 | (81.2 %) |
| Average Shares | 8.00 | 8.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.66 | 0.12 | (81.2 %) |
| EPS (Riyal) | 0.66 | 0.12 | (81.2 %) |
Shareholders’ equity, no minority interest, reached SAR 111.83 million by the end of the 12-month period, compared to SAR 109.88 million a year earlier.
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Share Price
Al Mohafaza Company for Education (ALMOHAFAZA FOR EDUCATION)
| Current | |
| Market Cap (M Riyal) | 219.20 |
| Enterprise Value (EV) (M Riyal) | 206.36 |
| Shares Outstanding ((M)) | 8.00 |
| Book Value (BV) ( Riyal) | 13.98 |
| Par Value ( Riyal) | 10.00 |
| Recurring P/E | 36.12 |
| Price/book | 1.96 |
| EV/adj EBITDA | 32.47 |
| EV/Revenues | 7.47 |
Financial results (Million)
| Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
|---|---|---|---|---|---|---|
| H1 2025 | 15.75 | 8.1 % | 6.72 | 18.8 % | 3.39 | 36.7 % |
| H2 2025 | 11.87 | (18.4 %) | 3.67 | (49.6 %) | 0.55 | (86.9 %) |
| 2025 | 27.62 | (5.1 %) | 10.38 | (19.7 %) | 3.73 | (46.7 %) |
Profit Performance (Million)
| Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS(Riyal) |
|---|---|---|---|---|---|---|
| H1 2025 | 5.08 | 32.8 % | 0.64 | - | 5.08 | 0.64 |
| H2 2025 | 0.99 | (81.2 %) | 0.12 | - | 0.99 | 0.12 |
| 2025 | 5.86 | (37.7 %) | 0.73 | - | 5.86 | 0.73 |
Profitability
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| H1 2024 | - | - | - |
| H2 2024 | 44.38 % | 32.46 % | 31.17 % |
| 2024 | 44.39 % | 33.59 % | 32.30 % |
| H1 2025 | 46.18 % | 34.07 % | 34.10 % |
| H2 2025 | 37.59 % | 23.01 % | 21.98 % |
| 2025 | 37.60 % | 22.24 % | 21.20 % |
Per Share Data (Riyal)
| Period | Shares Outstanding (M) | EPS (Riyal) | Earnings Per Share before unusual items (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| H1 2025 | 8.00 | 1.29 | 1.29 | 13.87 |
| H2 2025 | 8.00 | 0.76 | 0.76 | 13.98 |
Multiple Ratios (End of Period Price)
| Period | P/E | Recurring P/E | Price/book |
|---|---|---|---|
| H1 2025 | 17.81 | 17.81 | 1.66 |
| H2 2025 | 32.40 | 32.40 | 1.76 |
Business Segments (Million)
Q4 2025
| Period | Education sector | Transport sector |
|---|---|---|
| Q2 2025 | 14.63 | 1.12 |
| Q4 2025 | 11.35 | 0.52 |
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