Dubai – Mubasher: Taaleem Holdings registered net profits worth AED 117.33 million during the fiscal year (FY) 2022/2023, marking a 41.50% year-on-year (YoY) leap from AED 82.92 million.
The revenues amounted to AED 804.10 million in FY22/23, up 29% from AED 623.33 million in the previous FY, according to the consolidated financial results.
Basic and diluted earnings per share (EPS) attributable to the shareholders hit AED 0.13 as of 31 August 2023, compared to AED 0.11 in the year-ago period.
Total assets increased YoY to AED 2.44 billion in FY22/23 from AED 1.96 billion.
Khalid Al Tayer, Chairman of Taaleem, commented: “Our management team has exceeded budget expectations, ensuring a highly successful year, and I also extend my gratitude to our board members and shareholders for their support.”
“With a positive outlook for the UAE and significant enrolment growth across our portfolio supporting our expansion strategy, I am confident that our passionate team will continue driving Taaleem's success in shaping regional education,” Al Tayer noted.
Alan Williamson, CEO of Taaleem, said: “We have achieved an impressive 29% YoY revenue growth and a robust 18.80% YoY increase in earnings before interest, taxes, depreciation, and amortisation (EBITDA).”
“Our record-breaking student enrollment of 28,490, nearly 8% increase in premium school utilisation, and award of eight new government schools, also illustrates our success in providing quality education across the UAE,” Williamson added.
In the first nine months (9M) of FY22/23, the DFM-listed company achieved AED 199.80 million in net profit, higher by 34.90% than AED 148.09 million during the same period in 2022.
