IssuerAnnouncementDetailsV2Portlet
Actions
National Company for Learning and Education announces its Interim Financial results for the Period Ending on 2025-04-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 164,823,220 | 141,845,720 | 16.198 | 164,061,620 | 0.464 |
| Gross Profit (Loss) | 74,889,836 | 62,876,708 | 19.105 | 70,543,321 | 6.161 |
| Operational Profit (Loss) | 50,858,777 | 40,781,854 | 24.709 | 46,868,833 | 8.513 |
| Net profit (Loss) | 42,621,348 | 34,797,880 | 22.482 | 40,110,194 | 6.26 |
| Total Comprehensive Income | 41,485,969 | 35,160,770 | 17.989 | 39,695,171 | 4.511 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 492,546,034 | 423,577,579 | 16.282 |
| Gross Profit (Loss) | 218,932,434 | 185,238,237 | 18.189 |
| Operational Profit (Loss) | 141,696,626 | 117,240,096 | 20.86 |
| Net profit (Loss) | 120,844,975 | 99,850,145 | 21.026 |
| Total Comprehensive Income | 119,769,873 | 101,482,802 | 18.019 |
| Total Shareholders Equity (after Deducting Minority Equity) | 822,792,408 | 735,254,805 | 11.905 |
| Profit (Loss) per Share | 2.81 | 2.32 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The increase in revenue during the current quarter by 16% compared to the same quarter of the previous year is mainly due to the increase in the number of students enrolled in the company’s schools by 13% from 28.2 thousand students in the same quarter of the previous year to 31.9 thousand students during the current quarter. In addition, 4 new educational campuses were opened in the city of Riyadh at the beginning of the current academic year 2024-2025, under the name of TNS in Qurtubah District, TNS in Al-Narjis District, National School in Hetteen District, and MEIA in Al-Qairawan District. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The increase in net profit during the current quarter by 22% compared to the same quarter of the previous year is due to the increase in revenue by 16% compared to the same quarter of the previous year. Additionally, the government grants and subsidies have decreased during the current quarter compared to the same quarter of the previous year due to the decrease in the wage subsidies provided by the Human Resources Development Fund. The financing costs have also increased during the current quarter compared to the same quarter of the previous year. This increase is due to the impact of the lease contract for the educational campus building of MEIA in Al-Qairawan district, which was opened at the beginning of the current academic year 2024–2025, in addition to the financing costs related to the loan used to partially fund the purchase of land plots in Al-Rabie District – Riyadh and North Obhur District – Jeddah. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The slight increase in revenue during the current quarter compared to the previous quarter is due to the slight increase in the number of students enrolled in the company’s schools during the third academic semester. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net profit during the current quarter by 6% compared to the previous quarter is due to the slight increase in revenue compared to the previous quarter, in addition to improved operational efficiency which resulted in a decrease in the operating costs. The financing costs have also increased during the current quarter compared to the previous quarter. This increase is due to the financing costs related to the loan used to partially fund the purchase of land plots in Al-Rabie District – Riyadh and North Obhur District – Jeddah, in addition to the decrease in the realized return from short-term Islamic Murabaha during the current quarter compared to the previous quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The increase in revenue during the current period by 16% compared to the same period of the previous year is mainly due to the increase in the number of students enrolled in the company’s schools by 13% from 28.2 thousand students in the same period of the previous year to 31.9 thousand students during the current period. In addition, 4 new educational campuses were opened in the city of Riyadh at the beginning of the current academic year 2024-2025, under the name of TNS in Qurtubah District, TNS in Al-Narjis District, National School in Hetteen District, and MEIA in Al-Qairawan District. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The increase in net profit during the current period by 21% compared to same period of the previous year is due to the increase in revenue by 16% compared to the same period of the previous year. The current period also recorded a reversal of a portion of the expected credit loss provision, due to improved collection rates of accounts receivable. The marketing and advertising expenses have increased during the current period compared to same period of the previous year. The increase is mainly due to the change in the company's fiscal year-end to July 31 instead of August 31. Since the majority of these expenses are typically incurred during July and August. Therefore, the current period (from 1 August 2024 to 30 April 2025) included the marketing campaign expenses related to the enrolment for the beginning of the school year, whereas the comparative period of the previous year (from 1 September 2023 to 31 May 2024) did not include the months in which these marketing campaign expenses were incurred. Additionally, the government grants and subsidies have decreased during the current period compared to the same period of the previous year due to the decrease in the wage subsidies provided by the Human Resources Development Fund. The financing costs have also increased during the current period compared to the same period of the previous year. This increase is due to the impact of the lease contract for the educational campus building of MEIA in Al-Qairawan district, which was opened at the beginning of the current academic year 2024–2025, in addition to the financing costs related to the loan used to partially fund the purchase of land plots in Al-Rabie District – Riyadh and North Obhur District – Jeddah. |
| Statement of the type of external auditor's report | Notice |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | We draw attention to Note (1) in the notes to the interim condensed consolidated financial statements, which explains that the Company has changed its year-end to start on the first of August and end by the end of July of every year. Accordingly, the company’s interim condensed consolidated financial statements were prepared for the period from 1 August 2024 to 30 April 2025 (three month and nine-month period), with comparative figures for the period from 1 September 2023 to 31 May 2024 (three month and nine-month period). Our opinion on this matter has not been modified. |
| Reclassification of Comparison Items | N/A |
| Additional Information | - The Company’s General Assembly approved on 4 July 2024 a change in the Company’s fiscal year end to July 31 of each Gregorian year instead of August 31. Accordingly, the Company’s financial statements for the fiscal year 2024 were issued from 1 September 2023 to 31 July 2024 as a short fiscal year (11 months), after which each fiscal year becomes twelve months. The condensed interim consolidated financial statements were also issued for the period from 1 August 2024 to 30 April 2025 (three month and nine-month period) compared to the period from 1 September 2023 to 31 May 2024 (three month and nine-month period (which represent the condensed interim consolidated financial statements previously issued and disclosed for the three month and nine-month period ended 31 May 2024. - The company uses a cost model option to measure properties. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions