Ataa Educational Co. — Earnings Release 2024

Sep 4, 2024

Ataa Educational Co. announces its Annual Financial results for the period ending on 2024-07-31

4292 · 04/09/2024 09:55:26 · Announcement #82414 · View on Saudi Exchange

Ataa Educational Co. announces its Annual Financial results for the period ending on 2024-07-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	666,479	666,042	0.07
Gross Profit (Loss)	196,408	195,239	0.6
Operational Profit (Loss)	118,742	106,750	11.23
Net profit (Loss)	63,371	67,786	-6.51
Total Comprehensive Income	60,848	65,531	-7.15
Total Shareholders Equity (after Deducting Minority Equity)	801,321	786,769	1.85
Profit (Loss) per Share	1.51	1.61
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

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The increase in revenue this year compared to the previous year is due to:

An increase in tuition fees at some educational complexes despite a decline in revenue from the training and employment sectors. The reason of the increase (decrease) in the net profit during the current year compared to the last year is The decrease in net profit this year compared to the previous year is due to:

1-Losses in the training and employment sectors.

2-An increase in loan financing costs by 19% from the previous year, related to the purchase of minority rights in the (Al-Yasmeen, Al-Alson, and Jeel Al-Majd) complexes.

This occurred despite the education sector achieving an 8% growth in net profit compared to the previous year. Statement of the type of external auditor's report Unmodified opinion 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) Non-existent. Reclassification of Comparison Items Some opening balances have been adjusted as indicated in the financial statements. For more details, please refer to Note 33 in the financial statements. Additional Information We would like to draw the attention of our esteemed shareholders to the fact that the consolidated financial statements for the fiscal year ending July 31, 2024, will be available on the Ataa Educational Company's website at the following link: ataa.sa, after being submitted to the relevant authorities. The company also wishes to inform financial analysts and investors that they can send their inquiries about the financial results to the company's email: ir@ataa.sa within 10 days from the date of publication of the financial statements.

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.