National Learning Reports SAR 168.23M Net Profit in Nine Months 2026
NCLE 4291.SA | 0.00 |
On 2026-06-10 08:03:24 (Saudi Time), National Company for Learning and Education 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 | 212,270,930 | 184,812,436 | 14.857 | 212,226,795 | 0.02 |
| Gross Profit (Loss) | 105,671,805 | 89,300,380 | 18.332 | 102,913,350 | 2.68 |
| Operational Profit (Loss) | 76,131,659 | 65,269,321 | 16.642 | 73,455,764 | 3.642 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 67,603,217 | 57,031,892 | 18.535 | 65,094,187 | 3.854 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 67,284,319 | 55,896,513 | 20.373 | 64,243,840 | 4.732 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 609,815,932 | 542,086,797 | 12.494 |
| Gross Profit (Loss) | 291,122,468 | 253,102,848 | 15.021 |
| Operational Profit (Loss) | 192,065,636 | 175,867,040 | 9.21 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 168,231,738 | 155,015,389 | 8.525 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 166,698,617 | 153,940,287 | 8.287 |
| Total Shareholders Equity (after Deducting Minority Equity) | 921,189,838 | 856,962,822 | 7.494 |
| Profit (Loss) per Share | 3.91 | 3.61 | |
| 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 | |||
Year-on-Year Performance Drivers
Sales increased 12.494% YoY to SAR 609.82 million primarily driven by a 10% growth in student enrollment from 31.9 thousand to 35.2 thousand students, though revenue growth was partially offset by fewer recognized school days (259 vs 265 days). Net profit rose 8.525% YoY to SAR 168.23 million, with the lower growth rate compared to revenue attributed to operating costs being fully charged over 270 days regardless of revenue recognition days, decreased government subsidies from reduced wage support, higher marketing expenses concentrated in August, increased expected credit loss provisions due to aging receivables, and elevated financing costs from land acquisition borrowings.
Quarter-on-Quarter Performance Drivers
QoQ revenue remained essentially flat at SAR 212.27 million versus SAR 212.23 million in the previous quarter, with only a 0.02% increase due to stable student enrollment. Net profit increased 3.854% to SAR 67.60 million from SAR 65.09 million in the previous quarter, primarily driven by improved profit margins despite unchanged revenue levels.
Other Items
The external auditor issued a notice opinion drawing attention to Note 17 regarding the Group's revision of education service revenue recognition methodology to align with the academic year rather than fiscal year, implemented following SOCPA interpretation issued on July 16, 2025, with comparative figures restated accordingly. Total shareholders equity increased 7.494% to SAR 921,189,838 and earnings per share improved to SAR 3.91 from SAR 3.61 in the prior year period. The company uses a cost model option to measure properties and confirmed no accumulated losses as a percentage of capital were reported in the financial statements.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95991&anCat=1&cs=4291&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.