Ataa Educational Co. — Interim / Quarterly Report 2025

Dec 10, 2024

Ataa Educational Co. announces its Interim Financial results for the Period Ending on 2024-10-31 ( Three Months )

4292 · 10/12/2024 09:56:54 · Announcement #84087 · View on Saudi Exchange

Ataa Educational Co. announces its Interim Financial results for the Period Ending on 2024-10-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	165,325	170,498	-3.034	168,031	-1.61
Gross Profit (Loss)	51,481	55,399	-7.072	61,257	-15.958
Operational Profit (Loss)	31,903	32,975	-3.25	35,889	-11.106
Net profit (Loss)	19,573	22,051	-11.237	18,963	3.216
Total Comprehensive Income	19,573	22,051	-11.237	16,440	19.057
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	820,895	808,821	1.492
Profit (Loss) per Share	0.47	0.52
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 quarter compared to the same quarter of the last year is	The decrease in revenues during the current quarter compared to the same quarter of the previous year is due to a decline in revenue from the training and recruitment sector compared to the same quarter of the previous year.
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 decrease in net profit during the current quarter compared to the same quarter of the previous year : due to a 33% decrease in training sector revenues compared to the same quarter last year, along with the phased opening of Buckswood Schools
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	the decrease in revenues during the current quarter compared to the previous quarter is due to additional discounts offered at some educational complexes.
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 compared to the previous quarter of the last year is due to a decrease in impairment provisions for receivables by 89%, despite an increase in operating costs by 6%.
Statement of the type of external auditor's report	Unmodified conclusion
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)	Nothing.
Reclassification of Comparison Items	Nothing.
Additional Information	We want to draw the attention of our valued shareholders to the fact that the interim condensed consolidated financial statements for the current period ending October 31, 2024, will be accessible on the company's website ataa.sa after sending to the competent authorities.

The company would also like to draw the attention of financial analysts and investors to send their inquiries to the company’s email. ir@ataa.sa. within 10 days of the financial statements being published.

God bless all.

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