Horizon Educational Co. announces its Interim Financial results for the period ending on 2025-12-31 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 34,115,444 | 20,444,643 | 66.867 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 7,885,882 | 4,683,846 | 68.363 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 82,009,204 | 72,614,645 | 12.937 | ||
| Profit (Loss) per Share | 3.15 | 2.19 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The increase in revenue is due to the opening of a new branch in the Dhahrat Laban neighborhood and the increase in the number of students at the Al-Wurud neighborhood branch. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The increase in net profit is due to the opening of a new branch in Dhahrat Laban neighborhood and the increase in the number of students at the Al-Wurud neighborhood branch. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Comparative Figures
Certain comparative figures have been reclassified to conform to the current period's presentation. The effect of the reclassification is as follows: Cost of Revenue: Balance before reclassification: (14,958,599) Reclassification: 267,451 Balance after reclassification: (14,691,148)
Marketing Expenses: Balance before reclassification: - Reclassification: (125,745) Balance after reclassification: (125,745)
General and Administrative Expenses: Balance before reclassification: (1,133,329) Reclassification: 60,000 Balance after reclassification: (1,073,329)
Provision for Expected Credit Losses: Balance before reclassification: - Reclassification: (60,000) Balance after reclassification: (60,000)
Other Income: Balance before reclassification: 939,032 Reclassification: (772,922) Balance after reclassification: 166,110
Financing costs: Balance before reclassification: (483,943) Reclassification: 631,216 Balance after reclassification: 147,273 |
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