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.
| 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.
| 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 % |
| Item | Q1 2025 | Q2 2025 | Change |
|---|---|---|---|
| Revenues | 153.80 | 134.31 | (12.7 %) |
| Gross Income | 72.88 | 59.37 | (18.5 %) |
| Operating Income | 38.89 | 30.47 | (21.7 %) |
| Net Income | 40.25 | 50.17 | 24.7 % |
| Average Shares | 102.40 | 102.40 | - |
| Earnings Per Share before unusual items (Riyal) | 0.39 | 0.49 | 24.7 % |
| EPS (Riyal) | 0.39 | 0.49 | 24.7 % |
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.
Be the first to comment
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: