Taaleem Reports its FY 22/23 Results
26-10-2023
Investor Relations
26-10-2023
FY 22/23 Key Financial Highlights
• Total revenue came in at EGP 750mn, achieving a double-digit growth of 21% YoY.
• Gross profit came in at EGP 522mn, a substantial 25% YoY growth, with a gross profit margin of 70%, up by 221 bps YoY.
• EBITDA recorded EGP 420mn, growing 18% YoY with a substantial 56% margin.
• Net income reached EGP 299mn, up by 30% YoY, yielding a solid margin of 40%.
• Cash & cash equivalents amounted to EGP 429mn, while total debts stood at EGP 589mn, reflecting a net debt position of EGP 160mn in line with Taaleem’s growth and capital structure optimization plans.
• CAPEX/revenue reached 119%, reflecting the development of phase one of Badya University and NUB’s new faculties and University Hospital in the campus expansion.
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Cairo, July 31, 2022: Taaleem Management Services, Egypt’s leading pure play higher education provider, and Maastricht University, one of the top universities worldwide and the 6th among young universities in the world based on the Times Higher Education ranking, announce today that they have signed a Memorandum of Understanding (MoU) to establish an academic partnership between Badya University, which is currently under development, and Maastricht University. Under the MoU, Badya...
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Cairo, June 9, 2022: In its meeting held on Wednesday, June 8 headed by the Minister of Higher Education and Scientific Research, the Supreme Council of Private Universities has decided to terminate the centralized enrollment system that students were required to use to apply to private universities during the academic year 2020/2021 and revert to the pre-2020/2021 direct enrollment system, which allowed students to directly apply to universities through their respective websites. Private...
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