Alkhaleej Training earns SAR 15.2M in 2025, loses SAR 19.1M in Q4

Alkhaleej Training and Education Co. posted a net profit of SAR 15.2 million in 2025, down from SAR 81 million a year earlier.

The company said profit declined year-on-year (YoY) as non-recurring items rose sharply to SAR 89 million in 2024, but fell to SAR 16 million in 2025.

Excluding non-recurring items, underlying profitability improved, supported by operating efficiency.

Revenues from management projects fell by SAR 23 million due to the expiry of key contracts and fewer new awards.

University projects revenue declined by SAR 11 million as several operating contracts ended and renewals were delayed.

On the other hand, call center revenue rose by SAR 77 million, or 15% YoY, driven by new contracts and higher activity with existing clients.

School revenue increased by SAR 20 million, or 7% YoY, aided by higher student count, a slight fee increase, and contributions from two new schools.

Training revenue grew by SAR 11 million, or 7% YoY, on higher trainee numbers and new programs.

The company also revised its revenue recognition policy for education services, shifting to recognition over the academic year rather than the fiscal year, in line with regulatory guidance, reducing revenue by SAR 9 million.

In Q4 2025, Alkhaleej Training widened net losses to SAR 19.1 million from SAR 13.2 million in Q4 2024.

The company posted a net profit of SAR 26.1 million in Q3 2025.

Total shareholders’ equity, after minority interest, reached SAR 510.36 million as of Dec. 31, 2025, down from SAR 513.51 million a year earlier.

Accumulated losses reached SAR 20.92 million by the end of the 12-month period, accounting for 3.2% of the company’s capital.

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