Ataa Educational Co. — Interim / Quarterly Report 2022

Dec 9, 2021

Ataa Educational Co. announces its Interim Financial Results for the Period Ending on 2021-10-31 ( Three Months )

4292 · 09/12/2021 15:49:35 · Announcement #65903 · View on Saudi Exchange

Ataa Educational Co. announces its Interim Financial Results for the Period Ending on 2021-10-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	140,428	61,226	129.36	93,057	50.905
Gross Profit (Loss)	39,757	13,708	190.027	29,335	35.527
Operational Profit (Loss)	25,952	9,859	163.231	25,303	2.564
Net Profit (Loss) after Zakat and Tax	66,252	4,917	1,247.406	19,414	241.258
Total Comprehensive Income	66,252	5,069	1,207.003	17,602	276.389
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	810,993	754,118	7.541
Profit (Loss) per Share	1.66	0.12
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	1- The increase in revenue by 129 % compared to last year as a result of increasing in students number by 49% from 25.2 thousand to 37.6 thousand students due to the completed acquisition ( Alwasat private schools for training and Education Co / Al Elm international school company/ the Arabian Group for Training and Education Co) in spite of the increase of operational cost by 112%.

2- The physical attendance in schools for the intermediate and secondary stages and in consequence the cancellation of the value of the discounts for distance education for them.

3- An increase in other revenues by 93%, due to the the acquisitions that were made (Al Was at Private Schools for Education and Training Company - AL elm International Schools Company - Arab Group for Education and Training Holding Company) represented in (support for Human Resources Development Fund – Rent income) .

4-The profits resulting from the acquisition of the Arabian Group Company amounting to 52.5 million Saudi riyals.

(For more details, please refer to disclosure No. 10 in the financial statements)The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is 1- The revenue increased by 51% as a result of an increase in the number of students by 38% from 27.2 thousand students to 37.6 thousand students resulting from the acquisition of the Arabian Group for Education and Training Holding Company, despite the increase in operating expenses by 58%.

2- Profits resulting from the acquisition of the Arabian Group for Education and Training Holding Company, amounting to 52.5 million Saudi riyals.

(For more details, please refer to disclosure No. 10 in the financial statements)Statement of the type of external auditor's report Unmodified conclusionModification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion There is no notesReclassification of Comparison Items There is no notesAdditional Information We would like to draw the attention of the shareholders that the condensed consolidated interim financial statements for the period ending on October 31, 2021 will be available on Ataa Educational Company website

at the following link

ataa.sa

After sending it to the competent authorities, the company also wishes to draw the attention of the financial analysts and investors to send their inquiries about the results of business to the company's email

ir@ataa.sa And that is within 10 days from the date of publishing 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.