Almasar Alshamil 9M 2025 profit leaps to SAR 70.9M; Q3 loss at SAR 19.6M

Almasar Alshamil Education Co., which operates in the education sector in Saudi Arabia and the UAE, reported a net profit of SAR 70.9 million by the end of the first nine months of 2025, compared to SAR 67.1 million a year ago.

The profit growth was attributed to a 24% year-on-year (YoY) increase in revenues to SAR 336 million during the first nine months of 2025.

This was driven by a 23% rise in revenues from Human Development Co. (special education and disability care segment) to SAR 155 million, supported by a 25% increase in beneficiaries to 8,000 and continued expansion of daycare centers.

Revenues from Middlesex University Dubai (higher education segment) grew 24% YoY to SAR 181 million, fueled by a 12% rise in student enrollment to 6,400, with international students representing over 50% of the total as of Sept. 30, 2025.

In addition, EBITDA rose 7% YoY to SAR 129 million, with growth recorded across all business segments.

In Q3 2025, Tamara’s losses deepened 78.5% to reach SAR 19.56 million, from a loss of SAR 10.96 million in the third quarter of 2024 as EBITDA recorded a loss of SAR 8 million in Q3 2025, compared to a profit of SAR 2 million in Q3 2024, due to the seasonal decline in revenues during the academic summer break.

The loss also reflected higher operating costs driven by student growth and the continued launch and operation of new centers, with three additional centers opened in Q3 2025.

On a sequential basis, the company swung to loss as earnings fell 139% from SAR 50.2 million in Q2 2025.

Shareholders’ equity, no minority interest, reached SAR 1.22 billion as of Sept. 30, 2025, up from SAR 1.10 billion a year earlier.