Financial Results : Al Mohafaza profit down 38% to SAR 5.9M in FY 2024/25

Al Mohafaza profit down 38% to SAR 5.9M in FY 2024/25

22/10/2025 Argaam Exclusive

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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)

Compared With The
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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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 - - - - - -
H2 2023 - - - - - -
H1 2024 14.57 - 5.65 - 2.48 -
H2 2024 14.54 - 7.27 - 4.19 -
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 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 - - - - - -
H2 2023 - - - - - -
H1 2024 3.83 - 0.57 - 3.83 0.57
H2 2024 5.25 - 0.66 - 5.25 0.66
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 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - -
H2 2023 - - -
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)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 - - - -
H2 2021 - - - -
H1 2022 - - - -
H2 2022 - - - -
H1 2023 - - - -
H2 2023 - - - -
H1 2024 6.70 - - 12.06
H2 2024 8.00 1.13 1.13 13.74
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)

Compared With The
Period P/E Recurring P/E Price/book
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - -
H2 2023 - - -
H1 2024 - - 1.98
H2 2024 25.56 25.56 2.11
H1 2025 17.81 17.81 1.66
H2 2025 32.40 32.40 1.76

Business Segments (Million)

Compared With The
Period Education sector Transport sector
Q2 2024 13.65 -
Q2 2025 14.63 1.12
Q4 2025 11.35 0.52


Financial Ratios
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
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Share Price

Al Mohafaza Company for Education
27.40
0.00 0.00 %

Al Mohafaza Company for Education (ALMOHAFAZA FOR EDUCATION)

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