Curro (COH) Results Snapshot FY22

Diluted HEPS up +49.1% y-y to 61.0cps (LY: 40.9cps).
Turnover increased by +17.3% y-y to R4 156 (LY: R3 543m).
OPM increased to 15.5% (LY:14.3%).
Expenses increased by +15.7% y-y to R3 511m (LY: R3 035m). Expense to sales decreased to 84.5% (LY:85.7%).
Final dividend of 11.08cps declared.
Average learners for Curro schools up +7.5% to 60 943 learners for the year (LY: 56 700 learners). Average learners for Meridian schools up +0.3% to 9 781 learners for the year (LY: 9 747 learners).
Cash generated from operating activities up +4.3% y-y to R800m (LY: R767m).