Taaleem Reports its FY 23/24 Results
03-11-2024
Investor Relations
03-11-2024
FY 23/24 Key Financial Highlights
• Total revenue came in at EGP 1,211mn, achieving a robust growth of 62% YoY.
• Gross profit came in at EGP 919mn, a 76% YoY growth, with a gross profit margin of 76%, up by 629 bps YoY.
• EBITDA recorded EGP 673mn, growing 60% YoY with an outstanding 56% margin.
• Net income reached EGP 552mn, up by 84% YoY, yielding a remarkable margin of 46%.
• Cash & cash equivalents amounted to EGP 428mn, while total debts stood at EGP 1.8bn, reflecting a net debt position of EGP 1.3bn in line with Taaleem’s growth and capital structure optimization plans.
• CAPEX/revenue reached 186%, reflecting the development of phase one of Badya University, NUB’s new faculties and University Hospital in the campus expansion, and Memphis University's phase one.
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