Stadio (SDO) 1H23 – Results Snapshot

Diluted HEPS 13.3cps (+22.0% y-y).
Turnover increased by 15.5% y-y to R714m.
OPM decreased by 100bps to 24.6%.
Expenses increased by 17.0% y-y. Expense to sales increased to 75.4% from 74.4%.
No dividend.
Contact learning student numbers for semester 1 increased by 2.6% y-y to 5 807 students.
Distance learning student numbers for semester 1 increased by 10.3% y-y to 36 058 students.
Cash generated from operating activities up 3.3% y-y to R181m.