Alkhaleej Training and Education Co. posted a net profit of SAR 34.2 million in the first nine months of 2025, down from SAR 94.3 million in the prior year period.
| Item | 9m 2024 | 9m 2025 | Change |
|---|---|---|---|
| Revenues | 848.16 | 893.04 | 5.3 % |
| Gross Income | 165.68 | 171.52 | 3.5 % |
| Operating Income | 163.80 | 92.68 | (43.4 %) |
| Net Income | 94.26 | 34.24 | (63.7 %) |
| Average Shares | 65.00 | 65.00 | - |
| Earnings Per Share before unusual items (Riyals) | 0.08 | 0.65 | 687.3 % |
| EPS (Riyal) | 1.45 | 0.53 | (63.7 %) |
The decline was mainly due to a SAR 61.6 million drop in other income, reflecting the non-recurrence of one-off items recorded in the prior-year period.
Additionally, the company booked professional and advisory expenses of SAR 7.7 million related to acquisition transactions, which were not incurred last year. Net losses and provisions on financial assets of approximately SAR 1.2 million, compared with an immaterial impact in 9M 2024, and the absence of impairment gains/reversals of SAR 12.8 million also weighed on 9M 2025 results.
Partially offsetting these factors were revenue growth of SAR 44.9 million (+5%), a SAR 5.8 million improvement in gross profit, a 9% decline in general and administrative expenses (SAR 8.4 million), and a reduction in Zakat expense of SAR 5.8 million compared with a higher charge last year.
| Item | Q3 2024 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 311.79 | 310.19 | (0.5 %) |
| Gross Income | 73.80 | 61.16 | (17.1 %) |
| Operating Income | 51.26 | 46.85 | (8.6 %) |
| Net Income | 26.38 | 26.16 | (0.8 %) |
| Average Shares | 65.00 | 65.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.21 | 0.40 | 93.0 % |
| EPS (Riyal) | 0.41 | 0.40 | (0.8 %) |
| Item | Q2 2025 | Q3 2025 | Change |
|---|---|---|---|
| Revenues | 294.90 | 310.19 | 5.2 % |
| Gross Income | 55.91 | 61.16 | 9.4 % |
| Operating Income | 22.73 | 46.85 | 106.1 % |
| Net Income | 7.03 | 26.16 | 271.9 % |
| Average Shares | 65.00 | 65.00 | - |
| Earnings Per Share before unusual items (Riyal) | 0.23 | 0.40 | 76.4 % |
| EPS (Riyal) | 0.11 | 0.40 | 271.9 % |
In Q3 2025, net profit edged down slightly to SAR 26.2 million from SAR 26.4 million in Q3 2024. Sequentially, Q3 2025 net earnings jumped from SAR 7.03 million in Q2 2025.
Total shareholders’ equity, excluding minority interest, reached SAR 556.97 million as of Sept 30, 2025, up from SAR 542.9 million a year earlier.
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