Al Mohafaza for Education reports net profit of SAR 6.4M for FY 2022/23

Al Mohafaza for Education reports net profit of SAR 6.4M for FY 2022/23

08/02/2024 Argaam Exclusive

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Al Mohafaza Company for Education, poised for listing on the Nomu- Parallel Market, reported a net profit of SAR 6.4 million for the fiscal year (FY) ended on July 31, 2023, compared to SAR 2.8 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 20.09 26.14 30.1 %
Gross Income 6.77 10.07 48.6 %
Operating Income 0.91 4.21 363.4 %
Net Income 2.75 6.39 132.3 %
Average Shares 6.70 6.70 -
EPS (Riyals) 0.41 0.95 132.3 %


This was propelled by the year-on-year (YoY) increase in revenues to SAR 26.1 million by FY-end, primarily due to higher tuition fees. In addition, gross profit margins advanced to 39% and operating profit margins grew to 16% in FY 2022/23.

 

This was offset by the 8% YoY slump in other revenues by 8% in FY 2022/23, as revenues from renting and operating an educational building in Hafr Al Batin. Further, Zakat expenses increased to SAR 1.3 million for the same FY, compared to SAR 1.1 million a year ago.

 

Shareholders’ equity, no minority interest, stood at SAR 76.98 million by the end of FY 2022/23, compared to SAR 70.24 million a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 - - - - - -
H2 2023 - - - - - -
2023 26.14 30.1 % 10.07 48.6 % 4.21 363.4 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 - - - - - -
H2 2021 - - - - - -
H1 2022 - - - - - -
H2 2022 - - - - - -
H1 2023 - - - - - -
H2 2023 - - - - - -
2023 6.39 132.3 % 0.95 - 6.39 0.95

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - -
H2 2023 - - -
2023 38.51 % 26.52 % 24.46 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 - - - -
H2 2021 - - - -
H1 2022 - - - -
H2 2022 - - - -
H1 2023 - - - -
H2 2023 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 - - -
H2 2023 - - -

Business Segments (Million)

Compared With The
Period Education sector Transport sector


Financial Ratios
Current
Market Cap (M Riyal) 220.00
Enterprise Value (EV) (M) -
Shares Outstanding ((M)) 8.00
Book Value (BV) ( Riyal) 11.49
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 34.41
Price/book 2.86
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Share Price

Al Mohafaza Company for Education
27.50
2.05 8.06 %

Al Mohafaza Company for Education (ALMOHAFAZA FOR EDUCATION)

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