IR News

Taaleem Reports its Q1 23/24 Results

  15-01-2024

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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  12-09-2022

Cairo, September 12, 2022: Taaleem is pleased to announce that the ongoing enrollment process for the Academic Year (AY) of 2022/23 at Nahda University in Beni Suef (NUB) is progressing strongly and is expected to reach nearly double the new intake numbers recorded in the AY of 2021/22 based on the number of students who have registered and paid for the coming year. NUB’s enrollment window for the AY of 2022/23 will remain open until mid-October, with 9 operating faculties including the...

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  31-07-2022

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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  09-06-2022

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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