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.
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.
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 % |
Item | Q1 2025 | Q2 2025 | Change |
---|---|---|---|
Revenues | 168.00 | 166.95 | (0.6 %) |
Gross Income | 51.48 | 41.13 | (20.1 %) |
Operating Income | 31.90 | 24.28 | (23.9 %) |
Net Income | 19.57 | 20.83 | 6.4 % |
Average Shares | 42.09 | 42.09 | - |
Earnings Per Share before unusual items (Riyal) | 0.47 | 0.43 | (6.5 %) |
EPS (Riyal) | 0.47 | 0.49 | 6.4 % |
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.
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: