Horizon Educational posts 15% profit rise to SAR 10.2M in FY 2023/2024

Horizon Educational posts 15% profit rise to SAR 10.2M in FY 2023/2024

18/09/2024 Argaam Exclusive

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Horizon Educational Co. said profit rose to SAR 10.2 million by the fiscal year ended June 30, 2024, up from SAR 8.9 million in the year-earlier period.



Financials (M)

Item 2023 2024 Change‬
Revenues 36.76 42.80 16.4 %
Gross Income 13.97 16.19 15.9 %
Operating Income 8.92 9.84 10.3 %
Net Income 8.94 10.23 14.5 %
Average Shares 2.00 2.00 -
EPS (Riyals) 4.47 5.12 14.5 %


Revenues saw a 14.5% year-on-year (YoY) increase, driven by the enrollment of more students.

 

Gross profit increased by SAR 2.22 million YoY, while operating income increased by 10.3% YoY.

 

Total shareholders’ equity, no minority interest, reached SAR 71.65 million as of June 30, 2024, compared to SAR 43.51 million a year earlier.

 

The company has not amended its bylaws or commercial register following its listing and transition from a closed to a public joint-stock company.



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 42.80 16.4 % 16.19 15.9 % 9.84 10.3 %


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 10.23 14.5 % 5.12 - 10.23 5.12

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 37.82 % 28.92 % 23.91 %


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 Operations and maintenance


Financial Ratios
Current
Market Cap (M Riyal) 187.50
Enterprise Value (EV) (M) 184.49
Shares Outstanding ((M)) 2.50
Book Value (BV) ( Riyal) 21.76
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.98
Price/book 4.31
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Share Price

Horizon Educational Co.
78.90
0.00 0.00 %

Horizon Educational Co. (HORIZON EDUCATIONAL)

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