Financial Results : Almasar Alshamil posts 16% profit rise to SAR 90.4M by H1 2025; Q2 at SAR 50.2M

Almasar Alshamil posts 16% profit rise to SAR 90.4M by H1 2025; Q2 at SAR 50.2M

27/10/2025 Argaam Exclusive

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Almasar Alshamil Education Co., which operates in the education sector in Saudi Arabia and the UAE, reported a 16 percent increase in net profit to SAR 90.4 million by the end of H1 2025, compared to SAR 78.1 million a year ago.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 234.53 288.11 22.8 %
Gross Income 117.09 132.25 12.9 %
Operating Income 70.31 69.36 (1.4 %)
Net Income 78.06 90.41 15.8 %
Average Shares 102.40 102.40 -
Earnings Per Share before unusual items (Riyals) 0.76 0.88 15.8 %
EPS (Riyal) 0.76 0.88 15.8 %

The company issued a prospectus on Oct. 26 to sell 30.72 million shares on the Main Market (TASI).

 

The profit rise was driven by a 23% year-on-year (YoY) increase in revenue to SAR 288.1 million, supported by higher student enrollment to 28,000, up from 23,000 in 2024. Annual tuition and education service revenues also increased by 22% and 31%, respectively.

 

In contrast, the gross profit margin (GPM) declined to 46% in H1 2025, from 50% in the same period last year, mainly due to a 22% YoY rise in salaries and staff costs, as well as a SAR 9 million increase in student-related expenses.

 

Meanwhile, the company’s share in associates increased by 60% to SAR 23.6 million in H1 2025, from SAR 14.8 million in H1 2024. Other operating income also rose by 33% YoY, driven by the Ministry of Human Resources and Social Development (MHRSD) grants.


Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 109.74 134.31 22.4 %
Gross Income 53.03 59.37 12.0 %
Operating Income 42.60 30.47 (28.5 %)
Net Income 40.61 50.17 23.5 %
Average Shares 102.40 102.40 -
Earnings Per Share before unusual items (Riyal) 0.40 0.49 23.5 %
EPS (Riyal) 0.40 0.49 23.5 %

The second-quarter net profit increased by 24% YoY to SAR 50.2 million.

 

Sequentially, net profit climbed by 24.7% from SAR 40.25 million in Q1 2025.

 

Total shareholders’ equity (excluding minority interest) rose to SAR 1.25 billion by the end of the current period, compared to SAR 1.11 billion a year earlier.

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