Financial Results : Ataa Educational H1 2024/25 profit up 21% to SAR 40.4M; Q2 at SAR 20.8M

Ataa Educational H1 2024/25 profit up 21% to SAR 40.4M; Q2 at SAR 20.8M

06/03/2025 Argaam Exclusive

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Ataa Educational Co. posted a net profit of SAR 40.4 million for the first half ended on Jan. 31, 2025, up 21% from SAR 33.5 million a year earlier.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 343.96 334.94 (2.6 %)
Gross Income 94.89 92.61 (2.4 %)
Operating Income 58.18 56.18 (3.4 %)
Net Income 33.51 40.40 20.6 %
Average Shares 42.09 42.09 -
Earnings Per Share before unusual items (Riyals) 0.80 0.90 13.0 %
EPS (Riyal) 0.80 0.96 20.6 %

The increase in profit was driven by realizing a non-recurring income during the current period resulting from the settlement of long-outstanding liabilities in a subsidiary.

 

Additionally, the education segment saw a 3% growth in student enrollment at the company’s schools, rising from 44,100 students to 45,100.

 

This increase occurred despite a 39% decline in revenue from the training and recruitment segment.



Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 170.22 166.95 (1.9 %)
Gross Income 39.49 41.13 4.2 %
Operating Income 25.21 24.28 (3.7 %)
Net Income 11.46 20.83 81.8 %
Average Shares 42.09 42.09 -
Earnings Per Share before unusual items (Riyal) 0.27 0.43 59.8 %
EPS (Riyal) 0.27 0.49 81.8 %

The second-quarter earnings amounted to SAR 20.8 million, rising nearly 82% from SAR 11.5 million a year earlier.

 

On a sequential basis, earnings grew 6.4% from SAR 19.57 million in Q1 2024/25.

 

Total shareholders’ equity, after minority interest, reached SAR 789.11 million at the end of the current period, compared with SAR 773.98 million a year earlier.

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