Page 73 - Profile's Stock Exchange Handbook - 2025 Issue 2
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ADvTECH Limited
                                Financial results                   (Incorporated in the Republic of South Africa)
                                                                    (“ADvTECH” or “the group”)
                                                                    Registration number: 1990/001119/06
                                                                    JSE code: ADH
                                for the year ended 31 December 2024  ISIN number: ZAE000031035
                                                                    Income taxation number: 9550/190/71/5
       Delivering                                             87.0  101.0  Final dividend per share
                                                                           11%
       strong results                                    50.0  60.0         63.0 cents


        Robust financial performance                          57.0  63.0  Full year dividend
                                                       20.0  31.0  37.0
        Double digit 2025 growth in both schools and   20.0  19.0  23.0  30.0  38.0  16%
        tertiary divisions take total enrolments above
        100 000 for the first time                    20  21  22  23  24    101.0 cents


                    8%              14%              16%
          CAGR 12%        CAGR 19%         CAGR 22%


          5 499  5 917  6 961  7 860  8 521  908  1 108  1 333  1 577  1 791  90.2  121.5  145.7  174.2  202.5  Ambition
         20  21  22  23  24  20  21  22  23  24  20  21  22  23  24  ADvTECH’s intent is to
         Group            Operating       Normalised                 lead in every market
         revenue          profit          earnings per share         segment in which we
                                                                     choose to operate and to
            8%               14%             16%                     become the employer of
                                                                     choice in the resourcing
         R8 521 million  R1 791 million   202.5 cents                and education sectors.

                                                   The ADvTECH Advantage
         Return on funds      Enrolment growth     Consistent, superior academic outcomes
         employed (%)                              Strong, differentiated brand portfolio with clear growth
             (%)
                      21.4                         strategies
                   20.7                  13%
                              CAGR 7%
               18.9                                Expanding African footprint, expertise and infrastructure
                                                   Industry-leading investment in technology and proprietary,
            16.6                                   AI-enhanced learning tools
                        57.0
          13.9                                     160-strong central academic team
                               79 550  84 341  88 631  93 728  105 710  Strongly cash generative with a robust balance sheet
          20  21  22  23  24  21  22  23  24  25   A trusted corporate citizen with significant ESG and CSI
                                                   initiatives
       Divisional performance
       (Comparison to previous year)  Operating margin (%)                  Operating margin (%)
        Schools                                   Tertiary
        SOUTH AFRICA
        REVENUE     OPERATING PROFIT              REVENUE     OPERATING PROFIT
           11%         12%                           14%         15%
                                  17.8  18.9  19.4  20.3  20.5              23.0  25.0  24.9  26.3  26.6
        R3 120 million R640 million  20  21  22  23  24  R3 401 million R903 million  20  21  22  23  24


         REST OF AFRICA                           Resourcing
        REVENUE     OPERATING PROFIT              REVENUE     OPERATING PROFIT
           18%         28%        (4.8)  17.7  23.9  30.0  32.4  8%  4%
                                                                            0.3  3.8  6.3  6.3  6.6
        R449 million  R146 million  20  21  22  23  24  R1 551 million R102 million  20  21  22  23  24

                          The group is uniquely positioned to enrich people’s lives through being the leader in teaching and
            Prospects     learning across the African continent. ADvTECH’s sound balance sheet, strong cash generation, growing
                          scale and expertise in Africa and our unrelenting focus on extending competitive advantage, position
                          us well to maintain our positive growth trajectory and invest with confidence in areas of opportunity.
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