Diluted HEPS 20.5cps (+28.1% y-y).
Turnover increased by 15.8% y-y to R957m.
Expenses increased by 12.8% y-y. Expense-to-sales decreased to 75.5% from 73.5%.
OPM increased by 200bps to 26.5%. No dividend.
Contact learning student numbers for semester 1 increased by 11.0% y-y to 7 018 students.
Distance learning student numbers for semester 1 increased by 8.5% y-y to 44 179 students.
Cash generated from operating activities up 23.4% y-y to R310m.
The Group utilised R53m of its debt facility towards the construction of the STADIO Durbanville campus.
Capex of R71m spent on construction costs for the STADIO Durbanville campus. An additional R105m was approved by the SDO Board, increasing the total cost of the project to R325m. The Group anticipates capex of R142m for 2H25 relating to the construction and fitout of the campus. The remaining costs are to be incurred in FY26.
