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Learning Academy posts 40.7M profit and suggests capital increase
Learning Academy Company achieved a net profit of 40.7 million Riyals for the fiscal year ending June 30, 2026, compared to revenues of 235.5 million Riyals. Its assets increased to 579.4 million Riyals, up from 309.5 million Riyals in the previous year. The company focused on expanding the training sector, which accounted for 98.9% of total revenues, successfully raising its capacity to approximately 10,000 students after launching two new schools. Additionally, it increased its capital by 50% to 135 million Riyals at the beginning of the year, before recommending a further increase to 157.5 million Riyals. During the year, retention and graduation rates reached 97%, with over 7,000 trainees, a satisfaction rate of 89.7%, and a 77% improvement in digital operations. The company also launched sustainability initiatives, including reducing its carbon footprint by 88% and localizing 85% of its workforce. It received an award for social responsibility and remains committed to governance principles and the goals of Saudi Vision 2030.
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