NCLE profit rises 23% to SAR 38.1M in Q1 ended Oct. 31

11/12/2024 Argaam Exclusive

National Co. for Learning and Education (NCLE) reported a net profit of SAR 38.1 million for the first quarter ended Oct. 31, up 23% from SAR 31.1 million in the year-earlier period ended Nov. 30.



Current Quarter Comparison (M)

Compared With The
Item Q1 2024 Q1 2025 Change‬
Revenues 140.70 163.66 16.3 %
Gross Income 59.58 73.50 23.4 %
Operating Income 36.39 43.97 20.8 %
Net Income 31.06 38.11 22.7 %
Average Shares 43.00 43.00 -
EPS (Riyals) 0.72 0.89 22.7 %

The company’s revenues rose 16% year-on-year (YoY), driven primarily by a 31% increase in student enrollment, from 28,000 students in Q1 2023/24 to 31,800 in Q1 2024/25.

 

Moreover, four new educational complexes were inaugurated in Riyadh at the beginning of 2024/25.

 

On a quarterly basis, the company posted net earnings of SAR 57.98 million in Q4 2023/24, down 34.3%.

 

Shareholders’ equity, no minority interest, amounted to SAR 831.91 million in the current period, compared to SAR 735.75 million in the prior-year period ended Nov. 30.

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Share Price

National Company for Learning and Education
230.40
(3.60) (1.54 %)

National Company for Learning and Education (NCLE)

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Financial Ratios
Current
Market Cap (M Riyal) 9,907.20
Enterprise Value (EV) (M) 9,902.40
Shares Outstanding ((M)) 43.00
EPS ( Riyal) (TTM) 3.83
Book Value (BV) ( Riyal) 19.35
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) More than 100
P/E (TTM) More than 100
Price/book 11.91
Return on Average Assets (%) (TTM) 12.5
Return on Average Equity (%) (TTM) 21.0
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