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Learning Academy's profits fall 1.93% in FY2026
The results of Learning Academy Company for the fiscal year ending June 30, 2026, show a decrease in net profits by 1.93%, amounting to 40.65 million Riyals compared to 41.46 million Riyals for the same period after the fiscal year adjustment. Nevertheless, the fair comparison indicates an increase in profits to 40.7 million Riyals, representing a 20.4% year-over-year growth, driven by a 14.19% rise in gross profit, which reached 127 million Riyals, and an improvement in gross profit margin to 53.9%. Operating profit also increased by 22.27%, supported by revenue growth despite higher expenses. Meanwhile, the subsidiary's results recorded losses for the interim period, with increases in financing expenses, provisions for credit losses, and financial revaluation losses.
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