Ataa Educational Co. — Interim / Quarterly Report 2026

Mar 3, 2026

Ataa Educational Co. announces its Interim Financial results for the Period Ending on 2026-01-31 ( Six Months )

4292 · 03/03/2026 15:57:20 · Announcement #93418 · View on Saudi Exchange

Ataa Educational Co. announces its Interim Financial results for the Period Ending on 2026-01-31 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	195,105	188,709	3.389	165,225	18.084
Gross Profit (Loss)	71,196	58,635	21.422	54,794	29.933
Operational Profit (Loss)	48,827	41,786	16.85	33,328	46.504
Net Profit (Loss) Attributable to Shareholders of the Issuer	37,355	37,761	-1.075	21,975	69.988
Total Comprehensive Income Attributable to Shareholders of the Issuer	37,355	37,761	-1.075	21,975	69.988
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	360,330	360,138	0.053
Gross Profit (Loss)	125,989	111,237	13.261
Operational Profit (Loss)	82,155	74,810	9.818
Net Profit (Loss) Attributable to Shareholders of the Issuer	59,330	58,173	1.988
Total Comprehensive Income Attributable to Shareholders of the Issuer	59,330	58,173	1.988
Total Shareholders Equity (after Deducting Minority Equity)	823,724	806,885	2.086
Profit (Loss) per Share	1.41	1.38
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 Company’s revenues increased by 3% in the current quarter compared to the same quarter last year. This growth was mainly driven by a 7% increase in the Education segment, due to higher fees in certain company complexes, despite the suspension of activities in the Training and Recruitment segments
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Despite a 3% increase in revenues during the current quarter compared to the same quarter of the previous year, net profit decreased by 1% compared to the corresponding quarter last year. This decline is mainly due to a 66% decrease in other revenues during the current quarter, partly offset by one-time revenues from the settlement of overdue liabilities in a subsidiary.

Meanwhile, the Education segment achieved a 7% increase in net profit during the current quarter compared to the same quarter last year, driven by a 7% growth in the segment’s revenues over the same periodThe reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Revenues for the current quarter increased by 18% compared to the previous quarter, primarily due to the adjustment in the recognition methodology for educational service revenues (tuition fees) following the guidance issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA). Under this methodology, revenues are recognized based on the academic year rather than the financial year. This new approach has been applied to the comparative figures, with current quarter revenues recognized over 92 school days versus 81 days in the previous quarter, resulting in higher reported revenues.

Additionally, the growth in student enrollment at the Company’s schools contributed to the revenue increase, with the number of students rising by 2% from 43,114 in the previous quarter to 43,744 in the current quarterThe 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, amounting to SAR 15.4 million, or 70% compared to the previous quarter, is primarily due to an 18% growth in revenues. This growth resulted from the adjustment in the recognition methodology for educational service revenues (tuition fees), following the guidance issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA), under which revenues are recognized based on the academic year rather than the financial year. This methodology has been applied to the comparative figures, with current quarter revenues recognized over 92 school days versus 81 days in the previous quarter, leading to higher reported revenues.

Additionally, the increase in student enrollment at the Company’s schools contributed to the growth, with the number of students rising by 2%, from 43,114 in the previous quarter to 43,744 in the current quarterThe reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is he slight increase in revenues is mainly attributable to a 4% growth in the Education segment during the current period compared to the same period last year, driven by higher fees in certain company complexes.

However, the positive impact of this growth was partially offset by the adjustment in the recognition methodology for educational service revenues (tuition fees), following the guidance issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA). Under this methodology, revenues are recognized based on the academic year rather than the financial year. This approach has been applied to the comparative figures, with current period revenues recognized over 173 school days versus 179 days in the same period last year, resulting from differences in the academic year start dates and the suspension of activities in the Training and Recruitment segments since the beginning of the current yearThe reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The 2% increase in net profit during the current period compared to the same period of the previous year is primarily attributable to the 4% growth in the Education segment’s revenues, driven by higher fees in certain company complexes.

However, the positive impact of this growth was partially offset by the adjustment in the recognition methodology for educational service revenues (tuition fees), in accordance with the guidance issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA), whereby such revenues are recognized over the academic year instead of the financial year. This methodology has been applied to the comparative figures, with revenues for the current period recognized over 173 school days compared to 179 school days in the same period of the previous year.

This was despite a 47% decrease in other revenues compared to the same period last year, due to one-time revenues recognized in the prior period arising from the settlement of overdue liabilities unrelated to the Group’s core operations.Statement of the type of external auditor's report NoticeComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) We draw attention to Note (16) to the condensed consolidated interim financial information, which provides further details on the Group’s revision of the methodology for recognizing educational service revenues and the related costs, whereby such revenues and costs are recognized over the academic year instead of the financial year, in accordance with the guidance issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA). This methodology has been applied to the comparative figures for the period under review. Our opinion has not been modified in respect of this matter.Reclassification of Comparison Items During the current financial period, the Group reassessed the methodology for recognizing educational service revenues, whereby such revenues are recognized over the academic year instead of the financial year, in accordance with the guidance issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA). The reassessment also included the recognition of incurred costs related to the Education segment in line with the aforementioned guidance.

As a result of this reassessment, the Group amended the method of recognizing educational service revenues and the related costs, which led to the restatement of the comparative figures. This adjustment reflects the Group’s adoption of an approach that is more consistent with the pattern of satisfying performance obligations in accordance with International Financial Reporting Standards (IFRS).

Note 16 – Prior Period AdjustmentsAdditional Information The company would like to inform its valued shareholders that the condensed consolidated interim financial statements for the period ended 31 JAN 2026 will be made available on the company’s website:

🔗 www.ataa.sa

following submission to the relevant regulatory authorities.

The company also invites financial analysts and investors to send their inquiries regarding the financial results to the following email within 10 days from the date of publication:

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