Almasar Alshamil Education (6019) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue rose 22% YoY, EBITDA increased 30% and net profit grew 29%, supported by broad-based enrollment growth.

• Students and beneficiaries increased 21% YoY to 28.6K; net profit attributable to equity holders rose 34% to SAR 53.9M.

Financial highlights

• Revenue was SAR 187,659 thousand versus SAR 153,797 thousand; EBITDA was SAR 87,062 thousand versus SAR 66,738 thousand; net profit was SAR 62,957 thousand versus SAR 48,770 thousand.

• Gross profit was SAR 89,379 thousand versus SAR 72,879 thousand; operating profit was SAR 69,958 thousand versus SAR 53,801 thousand.

• Profit attributable to equity holders was SAR 53,906 thousand versus SAR 40,245 thousand; adjusted profit was SAR 62,469 thousand versus SAR 48,770 thousand.

• Operating cash flow was an outflow of SAR 5,343 thousand versus an inflow of SAR 24,498 thousand; cash and cash equivalents ended at SAR 285,831 thousand.

Outlook and guidance

• Around 15 SEC facilities were under development; existing-center utilization exceeded 65%, with further upside expected as facilities mature.

• Plans include targeting new MDX recruitment markets, selectively expanding academic offerings, and assessing geographic and adjacent-segment opportunities.

• A potential Saudi university launch with a UK-based university remains subject to licensing eligibility and requirements.

• Management expressed confidence in long-term structural demand and sustainable growth, while monitoring regional events and possible effects on performance.