Diluted HEPS 112.5cps (+15.9% y-y).
Turnover increased by 9.6% y-y to R4 683m, driven by a 13.0% y-y increase in the education divisions.
Expenses increased by 8.6% y-y while expense-to-sales decreased from 79.8% to 79.0%.
OPM increased by 80bps to 21.0%.
Dividend of 45.0cps (1H24: 38.0cps).
Cash generated from operating activities up 21.2% y-y to R1 988m.
Enrolments for Advtech schools up 11.3% y-y to 45 643 enrolments as at February 2025. Enrolments for Advtech tertiary institutions up 13.9% y-y to 60 067 enrolments as at February 2025.
Capital expenditure of R327m focused on increasing capacity on existing sites to meet incremental demand.
Loss allowances decreased to R488m (1H24: R494m), representing 48% (1H24: 49%) coverage of gross trade receivables. Credit losses decreased to R119m (1H24: R126m) due to the improved debtors book performance.
