Taaleem Holdings PJSC Reports Robust Q1 2024/25 Performance with 46.3% YoY Net Profit Increase
Taaleem Holdings PJSC, a leading K-12 education provider in the UAE, has released its financial results for Q1 2024/25, showcasing significant growth across key performance indicators.
Summary
Taaleem Holdings PJSC's latest financial report reveals a 46.3% YoY increase in net profit for Q1 2024/25, driven by robust revenue growth and strategic acquisitions. The company continues to expand its educational offerings, positioning itself strongly in the UAE's premium education market.
Financial Performance Overview
Taaleem Holdings PJSC has demonstrated a strong start to the fiscal year 2024/25, with significant growth in key financial metrics. The company's revenue increased by 14.8% year-on-year (YoY) to AED 306.1 million, driven by a 12.3% YoY surge in student enrolment and a 3.0% increase in average gross tuition fees at premium schools. Net profit after tax soared by 46.3% YoY to AED 68.2 million, benefiting from a one-off deferred tax adjustment of AED 27.7 million in the previous year.
Key Performance Indicators
| KPI | Q1 2024/25 | Change YoY |
|---|---|---|
| Revenue | AED 306.1M | +14.8% |
| EBITDA | AED 108.0M | +7.6% |
| Net Profit | AED 68.2M | +46.3% |
| Earnings per Share | N/A | N/A |
| Debt Ratio | N/A | N/A |
| Interest Coverage Ratio | N/A | N/A |
Strategic Developments
Taaleem's strategic acquisitions, including the addition of Lycée Libanais Francophone Privé Meydan (LLFPM) and expansion of Dubai British School Emirates Hills, have been integrated into the Q1 results, contributing to the company's growth. The acquisition of LLFPM, a leading French curriculum school, enhances Taaleem's diverse educational offering and expands its reach in the UAE.
Conclusion
The positive financial performance and strategic acquisitions position Taaleem Holdings PJSC as a strong contender in the UAE's premium education sector. The company's focus on expanding its educational offerings and optimizing operational efficiencies bodes well for future growth. Investors should consider the company's robust financial health and strategic direction when evaluating Taaleem's potential.
Source
Summary
Taaleem Holdings P.J.S.C. and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the three-month period ending on November 30, 2024.
