Taleem report $83.34 Million Revenue in Q1 of 20214-25

Taaleem Holdings, a leading K-12 premium education provider in the UAE and listed on Dubai Financial Market (DFM) on Friday reported a revenue of $83.34 million for the first quarter (from September 1 to November 30 in 2024) of 2024-25.

The financial year of the company, with a portfolio of 12 premium schools including the latest acquisition of Lycée Libanais Francophone Privé Meydan (LLFPM), alongside 22 schools that Taaleem manages under public private partnerships in the UAE, coincides with the reopening of schools in Dubai in September every year.

Announcing its financial results for the three-month period ending 30 November 2024, Taleem Holdings reported a robust double-digit growth in revenues, gross profit, and net profit (after tax).

“The robust top-line growth of 14.8% y-o-y to $83.34 million in the first quarter is driven by a 12.3% y-o-y surge in student enrolment and a 3% increase in premium schools’ average gross tuition fees,” the company said in a regulatory filing with DFM in the morning.

The company recorded an EBITDA of $29.4 million, marking a 7.6% y-o-y increase as revenue growth offset the effect of higher non-linear costs such as utilities and school supplies in the first quarter of the year.

The net profit stood at $18.57 million for the said period with this year’s margin up 4.8% percentage points to 22.3%, translating into an increase of 46.3% y-o-y due to a one-off deferred tax last year of $7.54 million.

Entering New Phase

Taleem Chairman Khalid Al Taher said that the company has entered new phase with considerable momentum, furthering its mission to inspire students to discover their passions and talents.

“We have successfully completed two major acquisitions, extending our reach into both established and new curricula—an achievement that has boosted our premium school capacity by 28% y-o-y to 21,574 seats, and raised our total capacity by 32.7% y-o-y to 54,146 seats across Taaleem’s segments,” he said.

Taleem’s continued growth in delivering high-quality, globally recognised education includes introducing the French curriculum through the acquisition of LLFP Meydan, which added 2,070 seats to its capacity.

The company also launched ITS new school, DBS Jumeira, in Q1 OF 2024-25, accommodating up to 1,852 students, while Greenfield International School increased its capacity by an additional 500 seats during the same period.

“With our diverse portfolio now standing at 34 schools, I remain confident in Taaleem’s ability to optimise both utilisation and capacity, thereby maximising the positive educational impact we can offer across the UAE,” he added.