Ataa Educational Reports SAR 88.61M Net Profit in Nine Months 2026
ATAA 4292.SA | 0.00 |
On 2026-05-18 08:09:05 (Saudi Time), Ataa Educational Co. announced its Interim financial results for the nine months ended on April 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 178,046 | 182,270 | -2.317 | 195,105 | -8.743 |
| Gross Profit (Loss) | 55,491 | 56,910 | -2.493 | 71,196 | -22.058 |
| Operational Profit (Loss) | 41,160 | 35,257 | 16.742 | 48,827 | -15.702 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 29,281 | 21,567 | 35.767 | 37,355 | -21.614 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 29,281 | 21,567 | 35.767 | 37,355 | -21.614 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 538,376 | 542,408 | -0.743 |
| Gross Profit (Loss) | 181,480 | 168,147 | 7.929 |
| Operational Profit (Loss) | 123,315 | 110,067 | 12.036 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 88,612 | 79,740 | 11.126 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 88,612 | 79,740 | 11.126 |
| Total Shareholders Equity (after Deducting Minority Equity) | 821,440 | 828,452 | -0.846 |
| Profit (Loss) per Share | 2.11 | 1.89 | |
| All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
Sales declined 0.743% YoY to SAR 538.376 million primarily due to the suspension of training and recruitment sector activities from August 2025, despite a 3% increase in education sector revenues from higher tuition fees. Net profit increased 11.126% YoY to SAR 88.612 million, driven by the elimination of losses from suspended non-core operations and improved education sector profitability, partially offset by a 34% decline in other revenues compared to non-recurring settlement gains in the prior year.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined 8.743% from SAR 195.11 million to SAR 178.05 million, primarily due to the Group's revised methodology for recognizing educational service revenues over the academic year period instead of the fiscal year, resulting in revenue recognition based on 89 academic days in the current quarter compared to 92 academic days in the previous quarter. Net profit decreased 21.614% from SAR 37.36 million to SAR 29.28 million, directly attributed to the 9% revenue decline caused by this accounting methodology change in line with SOCPA guidance.
Other Items
The auditors issued a notice opinion drawing attention to Note 16 regarding the Group's revision of the methodology for recognizing educational service revenues over the academic year instead of the financial year, in accordance with SOCPA guidance, with comparative figures restated accordingly, though the opinion was not modified for this matter. No material risks or accumulated losses were disclosed in the financial statements. Total shareholders' equity decreased 0.846% to SAR 821,440 thousand, while earnings per share improved to SAR 2.11 compared to SAR 1.89 in the prior year period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95465&anCat=1&cs=4292&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.