Page 71 - Profile's Stock Exchange Handbook - 2026 Issue 2

CAGR 12% CAGR 24%
+10%*
+17%
118
101
87
60 63 73
50 37 57
5 917 6 961 7 860 8 521 9 330 31 19 23 30 38 45
21 22 23 24 25 21 22 23 24 25
Interim Final
Operating profit Normalised earnings per share Return on equity and return Enrolment growth
on invested capital (%)
CAGR 16% CAGR 18% CAGR 9%
+17% +13%
+14%
20.6
19.7
19.1
18.0
16.4 16.4
15.7
15.3
1 108 1 333 1 577 1 791 2 038 121.5 145.7 174.2 202.5 236.1 12.1 13.7 84 341 88 631 93 728 105 710 119 197
21 22 23 24 25 21 22 23 24 25 21 22 23 24 25 22 23 24 25 26
Return on equity
Return on invested capital

Revenue Revenue
13% 6%
R3 849m R1 464m

Operating profit Operating profit
18.9 19.4 20.3 20.5 20.9 14% 9%
21 22 23 24 25 R1 031m R93m
Margin progression Margin progression

17.7 23.9 30.0 32.4 33.7 25.0 24.9 26.3 26.6 26.8 3.8 6.3 6.3 6.6 6.4
21 22 23 24 25 21 22 23 24 25 21 22 23 24 25