Al Mohafaza’s profit jumps 47% to SAR 9.4M in FY 2023/24

Al Mohafaza’s profit jumps 47% to SAR 9.4M in FY 2023/24

30/09/2024 Argaam Exclusive

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Al Mohafaza Company for Education reported a net profit of SAR 9.4 million for the fiscal year (FY) ended on July 31, 2024, up 47% from SAR 6.4 million a year earlier.



Financials (M)

Item 2023 2024 Change‬
Revenues 26.14 29.12 11.4 %
Gross Income 10.07 12.82 27.4 %
Operating Income 4.21 6.90 63.9 %
Net Income 6.39 9.40 47.1 %
Average Shares 6.70 8.00 19.4 %
EPS (Riyals) 0.95 1.18 23.2 %


The annual rise in earnings was buoyed by better revenue, thanks to increased tuition fees in the education segment, and higher student count, compared to a year earlier.

 

Al Mohafaza also reported higher revenue from leasing and operation and improved other income in FY 2023/24. The company also recorded a reversal of a credit loss provision.

 

Shareholders’ equity, no minority interest, reached SAR 109.88 million by the end of the 12-month period, compared to SAR 76.98 million a year earlier.



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 - - - - - -
H1 2024 - - - - - -
H2 2024 - - - - - -
2024 29.12 11.4 % 12.82 27.4 % 6.90 63.9 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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 - - - - - -
H1 2024 - - - - - -
H2 2024 - - - - - -
2024 9.40 47.1 % 1.18 - 9.40 1.18

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 - - -
H1 2024 - - -
H2 2024 - - -
2024 44.03 % 33.23 % 32.30 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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 - - - -
H1 2024 - - - -
H2 2024 - - - -

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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 - - -
H1 2024 - - -
H2 2024 - - -

Business Segments (Million)

Compared With The
Period Education sector Transport sector


Financial Ratios
Current
Market Cap (M Riyal) 214.80
Enterprise Value (EV) (M) -
Shares Outstanding ((M)) 8.00
Book Value (BV) ( Riyal) 11.49
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 33.60
Price/book 2.79
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Share Price

Al Mohafaza Company for Education
26.85
(0.05) (0.19 %)

Al Mohafaza Company for Education (ALMOHAFAZA FOR EDUCATION)

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