National Company for Learning and Education, a Saudi private school operator, said net profit attributable to shareholders rose 5.8% to SR170.07 million in the fiscal year ended July 31, 2026, from SR160.71 million a year earlier.
Revenue increased 12.4% to SR739.53 million from SR657.89 million, the company said in a filing to the Saudi Exchange on Monday, as reported by Mubasher.
The number of students at its schools rose 10% to 35,200 at the end of the fiscal year, from 31,900 a year earlier, the company said.
Operating profit increased 8.9% to SR202.74 million. Gross profit rose 14.1% to SR335.01 million. Earnings per share were SR3.96, compared with SR3.74.
Higher finance costs weighed on net profit. The company cited land lease contracts for its Khuzam Suburb and Dhahrat Laban projects in Riyadh, and borrowing costs tied to financing land purchases in Riyadh’s Al-Rabie and Al-Yasmin districts and Jeddah’s North Obhur district.
The company also booked a provision for expected credit losses as a larger share of receivables moved into older aging brackets. Zakat expense rose because the previous year included a reversal of a zakat provision, and government grants fell after a reduction in wage support from the Human Resources Development Fund.
Fourth-quarter net profit fell 67.7% to SR1.84 million from SR5.7 million a year earlier, according to Argaam.
The board recommended a cash dividend of SR2.5 a share, or 25% of capital, for the 2025/26 fiscal year, totaling SR107.5 million. That matches the dividend paid for the previous fiscal year. Eligibility will be set after a general meeting whose date has not yet been announced.
