IR News

Taaleem Reports its Q1 23/24 Results


Q1 23/24 Key Financial Highlights

• Total revenue came in at EGP 392mn, achieving a growth of 71% YoY.

• Gross profit came in at EGP 322mn, a substantial 85% YoY growth, with a gross profit margin of 82%, up by 646 bps YoY.

• EBITDA recorded EGP 286mn, growing 91% YoY with a substantial 73% margin.

• Net income reached EGP 221mn, up by 104% YoY, yielding a solid margin of 56%.

• Cash & cash equivalents amounted to EGP 440mn, while total debts stood at EGP 829mn, reflecting a net debt position of EGP 389mn in line with Taaleem’s growth and capital structure optimization plans.

• CAPEX totaled EGP 369mn, 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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