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2026-11-10T08:07:07.010Z

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Honda's $3B Ohio Plant
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Academy Posts Q1 Profit

Academy Posts Q1 Profit

Learning Academy turned profitable in the first quarter of its fiscal year, ended September 30, 2026, reporting net profit of SAR 3.4 million, compared with a loss of SAR 12.97 million in the same quarter a year earlier. The company attributed the turnaround to an 181.94% increase in revenue to SAR 74.37 million, higher gross profit of SAR 36.8 million, a lower provision for credit losses, and gains from remeasuring derivative financial instruments. On a quarter-on-quarter basis, profit fell 87.49% from SAR 27.23 million in the previous quarter.

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