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  • Income: An increase of 10% year-on-year to 9.3 billion rand.

  • operating profit: grew by 14%, surpassing 2 billion rand for the first time.

  • operating margin: Year on year growth increased from 21% to 21.8%.

  • Title and normalized earnings per share: Both increased by 17%.

  • Dividend: Up 17% to $1$0.18.

  • School South Africa Revenue: Operating profit increased by 10% with a 13% increase.

  • Revenue of schools in the rest of Africa: Operating profit increased by 33%, up by 28%.

  • Tertiary Revenue: Operating profit increased by 13% with a 14% increase.

  • Enrollment Growth: Total cohort enrollment increased by 13,487 students, or 13%.

  • Cash flow from operations: increased by 13% to 2.5 billion rand.

  • Net Borrowing: The net borrowing to cash generation ratio has declined significantly since 2021 with a 50% reduction.

  • Dividend: Achieved levels above 20%.

  • Return on Invested Capital (ROIC): Measured at 16.4%, a premium on the weighted average cost of capital.

Release date: March 24, 2026

For a full transcript of the earnings call, please visit full earnings call transcript.

  • Advtech Limited (JSE:ADH) reported a 10% increase in revenue year-on-year, reaching 9.3 billion rand.

  • Operating profit rose 14%, surpassing 2 billion rand for the first time.

  • The company increased its full-year dividend by 17% to $10.18.

  • Enrollment numbers reached a record high with an increase of 13%, including a 19% increase in tertiary enrolments.

  • Advtech Limited (JSE:ADH) achieved a 99.7% matriculation pass rate, with 94% of students achieving graduation.

  • The resourcing division experienced a decline, with revenue and operating profit falling by 6% and 9% respectively.

  • South African school enrollment increased by only 1% due to tight financial controls and capacity constraints.

  • The company is facing challenges as financially distressed parents prioritize high school education over previous classes.

  • Currency fluctuations negatively impacted the Africa division's performance when it consolidated back to the South African rand.

  • The resources business in South Africa has been affected by economic conditions including low GDP growth and high interest rates.

Why: Why was the Amyris brand chosen for rebranding, and how does it relate to the company's strategy on managing debtors and enrollments? A:CEO Geoff Whyte explained that Amyris' rebranding was part of simplifying the brand structure from six to two brands, with Amyris suggesting academics and aspirations. On management of debtors and enrolments, the company aims to balance effective collections with maximum enrolments, ensuring that parents can afford the fees. Hannes Boonzaar, CFO, said the strategy includes setting clear criteria for financial viability to effectively manage debtors.

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