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Learn Academy's FY2026 Profit Down
Academy Learning Company achieved a 20.4% increase in net profits, reaching 40.7 million SAR for the fiscal year ending June 30, 2026, compared to 41.46 million SAR in the previous period, which was 18 months due to a change in the fiscal year. Despite a decline in gross profits to 127 million SAR, representing a growth rate of 14.19%, and an improvement in gross profit margin to 53.9%, the company recorded a 22.27% rise in operating profit driven by revenue growth that outpaced cost growth. The financial statements also reflected increases in financing expenses and credit loss provisions. Additionally, some subsidiary results were affected by expansion costs, lease obligations, and revaluations of certain investments and financial derivatives.
Notice: This Is an AI-Generated Summary
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