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2026-11-08T06:10:03.559Z

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Gulf Training Q3 loss

Gulf Training Q3 loss

Gulf Training and Education Company swung to a net loss of SAR 7.79 million in the third quarter of 2026, compared with a profit of SAR 12.67 million in the same period of 2025 and SAR 9.49 million in the previous quarter. Revenue fell 11.85% year over year to SAR 260.93 million, due to lower revenue from its call center, information technology and training segments, despite growth in revenue from its schools and universities. The company attributed the loss to lower gross profit in some segments, costs related to a new project, lower other income, and higher credit provisions and financing costs.

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