| Item | Current Year (2025) | Previous Year (2024) | Change (%) |
|---|---|---|---|
| Revenue / Sales | 17.93 | 18.48 | -2.98% |
| Gross Profit | 10.45 | 11.42 | -8.49% |
| Operating Profit | 0.80 | 2.37 | -66.24% |
| Net Profit (Loss) Attributable to Shareholders | (0.08) | 1.91 | N/A |
| Total Comprehensive Income Attributable to Shareholders | (0.19) | 1.94 | N/A |
| Total Equity (Excluding Non-Controlling Interests) | 24.62 | 11.57 | 112.79% |
| Earnings (Loss) per Share (SAR) | (0.01) | 0.24 | N/A |
Fair Value Changes in Investment Properties
| Item | Value (SAR million) | % of Capital |
|---|---|---|
| Gain (Loss) from Fair Value Changes in Investment Properties | - | - |
Reasons for Increase / Decrease in Revenue
| Item | Explanation |
|---|---|
| Revenue Change | The Company generated revenue of SAR 17.93 million, representing a 2.98% decrease compared to the previous year. This decline was primarily attributable to changes in the mix of training programs and services provided during the year, as the Company focused on enhancing and diversifying its training portfolio. In addition, the continued implementation of expansion plans and investments in operational infrastructure impacted revenue levels during the current period. |
Reasons for Increase / Decrease in Net Profit
| Item | Explanation |
|---|---|
| Net Profit Change | The Company recorded a net loss of SAR 0.08 million, compared to a net profit in the previous year. This was mainly due to the impact of expansion initiatives and investments aimed at increasing operational capacity and enhancing infrastructure efficiency, driven by the following factors: |
| Gross Profit | Gross profit decreased to SAR 10.45 million from SAR 11.42 million, due to higher costs of revenue associated with developing training programs and expanding service offerings. |
| Operating Profit | Operating profit decreased to SAR 0.80 million from SAR 2.37 million, primarily due to increased operating expenses during the year. |
| Financing Costs | Results were affected by financing costs related to facilities utilized to support expansion in operational assets. |
| Administrative & Operating Expenses | Increased operating and administrative expenses associated with business expansion, including workforce enhancement and operational infrastructure development. |
| Positive Operating Performance | Despite the above, the Company continued to generate a positive operating profit, supported by increased operational capacity and improved operational readiness, reflecting the efficiency of its core operations and its ability to achieve sustainable growth in future periods. |
Auditor’s Report
| Item | Details |
|---|---|
| Auditor’s Opinion | Unmodified (Unqualified) Opinion |
| Other Matter Paragraph | The auditor’s report included an “Other Matter” paragraph indicating that the financial statements for the prior period (2024) were audited by another external auditor. |
Restatement of Comparative Figures
| Item | Details |
|---|---|
| Reclassification of Comparative Figures | Certain comparative figures were reclassified among financial statement line items to align with the presentation of the current period. |
| Adjustment to Retained Earnings | Retained earnings were reduced by SAR 1.12 million as a result of recognizing certain expenses related to the previous year, in accordance with the applicable accounting standards. |
Additional Information
| Item | Details |
|---|---|
| Financial Reporting Standards | The financial statements were prepared in accordance with the International Financial Reporting Standards (IFRS) as endorsed in the Kingdom of Saudi Arabia. |
| Expansion Strategy | The Company continues to implement its expansion plans and develop its operational services to enhance growth potential and improve operating efficiency in future periods. |
| Operational Excellence | The Company remains focused on improving operational efficiency and enhancing service quality to support business sustainability and strengthen its financial position. |
| Management Outlook | Management believes the current performance reflects a phase of strategic transformation and investment, with a focus on capitalizing on opportunities in the training and education sector to achieve sustainable growth and improve profitability over the medium and long term. |
