Page 73 - Profile's Stock Exchange Handbook - 2025 Issue 2

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.