NATIONAL COMPANY FOR LEARNING AND EDUCATION

Business Segments National Company for Learning and Education

Stocks

4291

SA14L09I31H9

School, College & University

Market Closed - Saudi Arabian S.E. 08:20:00 2026-10-01 EDT			5-day change	1st Jan Change
128.30 ^SAR	-1.69%		-6.62%	-10.72%

08-27	SNB Capital Initiates NCLE Coverage with Neutral Rating	MT
06-10	Tadawul Equities Closer Lower as Saudi's Industrial Production Declines in April	MT

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Gross Profit: Breakdown by Business Segment

Geographical Revenue Distribution History

Breakdown by Business Segment (SAR)

Fiscal Period: July	2021	2022	2023	2024	2025
Schools
Tarbyah Namouthajiyah Schools - Al-Rayan	40.39M	58.9M	75.04M	88.88M	99.26M
Total Assets	-	-	-	-	-
Gross Profit	18.85M	24.37M	32.11M	44.07M	45.82M
D&A	1.1M	1.67M	2.72M	3.26M	3.31M
	-	-	-	-	15.9M
Tarbyah Namouthajiyah Schools - Al-Rawabi	48.81M	66.51M	76.38M	83.36M	90.64M
Total Assets	-	-	-	-	-
Gross Profit	20.1M	28.78M	35.4M	44.63M	47.16M
D&A	1.47M	1.57M	2.2M	2.16M	2.41M
	-	-	-	-	99.26M
Tarbyah Namouthajiyah Schools - Al-Qairwan	10.4M	42.65M	68.85M	83.59M	88.87M
Gross Profit	2.38M	21.43M	37M	49.15M	50.72M
D&A	556K	2.05M	3.51M	3.73M	4.09M
	-	-	-	-	56.5M
Tarbyah Namouthajiyah Schools - Al-Nuzha	36.41M	53.37M	68.18M	80.08M	81.35M
Total Assets	-	-	-	-	-
Gross Profit	21M	27.25M	34.32M	45.87M	41.07M
D&A	1.97M	2.23M	2.76M	2.57M	2.45M
	-	-	-	-	7.87M
Tarbyah Namouthajiyah International Schools - Al-Aridh	-	21.5M	45.15M	48.92M	56.5M
Gross Profit	-	2.46M	15.45M	24.29M	28.81M
D&A	-	394K	987K	1.01M	1.19M
	-	-	-	-	25.7M
Al-Ghad National Schools King Abdullah	21.58M	31.87M	35.05M	35.81M	33.04M
Gross Profit	4.42M	10.84M	11.63M	14.48M	10.47M
D&A	358K	383K	419K	344K	383K
	-	-	-	-	88.87M
Tarbyah Namouthajiyah Schools - Buraidah	3.6M	12.4M	24.2M	31.49M	32.89M
Gross Profit	-390K	2.38M	7.63M	12.41M	11.54M
D&A	922K	1.53M	1.73M	2.03M	2.02M
	-	-	-	-	18.27M
Tarbyah Namouthajiyah Schools - Al-Aridh	-	-	-	23.35M	32.67M
Gross Profit	-	-	-	5.4M	11.48M
D&A	-	-	-	1.52M	1.27M
	-	-	-	-	10.79M
Al Salam National Schools	-	-	22.63M	30.41M	31.66M
Gross Profit	-	-	6.77M	12.43M	12.76M
D&A	-	-	693K	918K	1.02M
	-	-	-	-	32.67M
Tarbyah Namouthajiyah Schools - Qurtubah	-	-	-	-	28.87M
Gross Profit	-	-	-	-	12.09M
D&A	-	-	-	-	2M
	-	-	-	-	16.77M
Tarbyah Namouthajiyah International Schools - Dhahran	-	-	8.83M	21.1M	25.7M
Gross Profit	-	-	2.22M	10.55M	12.79M
D&A	-	-	971K	1.86M	2.07M
	-	-	-	-	31.66M
Al Khwarizmi National Schools	11.01M	17.48M	18.74M	18.62M	18.27M
Gross Profit	5.91M	9.68M	10.59M	11.19M	9.71M
D&A	561K	535K	489K	487K	542K
	-	-	-	-	33.04M
Tarbyah Namouthajiyah Schools - Narjis	-	-	-	-	16.77M
Gross Profit	-	-	-	-	5.37M
D&A	-	-	-	-	1.74M
	-	-	-	-	2.89M
Qurtubah Schools	3.87M	11.01M	18.92M	24.94M	15.9M
Gross Profit	921K	4M	7.8M	13.32M	6.78M
D&A	555K	680K	858K	1.14M	1.28M
	-	-	-	-	81.35M
Al-Ghad National Schools - Al-Qairwan	-	-	-	8.37M	10.79M
Gross Profit	-	-	-	-1.49M	-1.57M
D&A	-	-	-	717K	848K
	-	-	-	-	28.87M
Others	3.8M	7.44M	7.73M	7.21M	7.87M
Gross Profit	536K	651K	726K	396K	598K
D&A	1.38K	1.82K	45.11K	54.51K	59.83K
	-	-	-	-	32.89M
MEIA - Al-Qairwan	-	-	-	-	3.76M
Gross Profit	-	-	-	-	-1.76M
D&A	-	-	-	-	235K
National School - Hetteen	-	-	-	-	2.89M
Gross Profit	-	-	-	-	-4.09M
D&A	-	-	-	-	1.54M
	-	-	-	-	3.76M
	-	-	-	-	90.64M
Elimination Intercompany Transactions	-3.8M	-7.44M	-7.73M	-7.21M	-7.87M
Gross Profit	-3.32M	-5.35M	-5.73M	-5.45M	-6.1M
Total Assets	-	-	-	-	-

Geographical breakdown of sales (SAR)

Fiscal Period: July	2021	2022	2023	2024	2025
Saudi Arabia	187M	316M	462M	579M	670M
Total Assets	861M	1B	1.33B	1.3B	1.49B
Interest Expense	-3.82M	-4.87M	-8.98M	-16.38M	-22.5M
Income Tax Expense	4.02M	2.9M	3.2M	5.44M	1.41M
D&A	15.64M	26.57M	35.06M	49.26M	62.1M
CAPEX	-9.07M	-54.27M	-82.22M	-122M	-141M
Gross Profit	70.41M	127M	196M	281M	294M
Net Income	24.46M	71.05M	102M	158M	161M
EBT	28.48M	73.95M	105M	163M	162M
Operating Income	34.16M	80.17M	114M	181M	186M