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Curro’s Half-Year Results – Growth In Revenue, But Learner Numbers Slip
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Manage episode 502827725 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Guest - Cobus Loubser, Chief Executive Officer of Curro Holdings
Curro Holdings, South Africa’s leading independent school network, has released its interim results for the six months ended June 2025 – showing a mixed picture of resilience in tough market conditions. Revenue rose 4.7% to R2.7 billion, while cash generated from operations jumped over 10% to R688 million, reflecting strong financial discipline. However, earnings per share dropped 36% due to a R74 million asset impairment on vacant land earmarked for future development.
Despite these headwinds, recurring headline earnings remained stable, up 0.2%, and net debt declined by R156 million following a successful R2.4 billion debt refinancing on better terms. Learner numbers slipped 1.4% year-on-year to just under 72,000, even as fee revenue grew and ancillary income surged 10.8%. Kaya 959 · Kaya FM
…
continue reading
Curro Holdings, South Africa’s leading independent school network, has released its interim results for the six months ended June 2025 – showing a mixed picture of resilience in tough market conditions. Revenue rose 4.7% to R2.7 billion, while cash generated from operations jumped over 10% to R688 million, reflecting strong financial discipline. However, earnings per share dropped 36% due to a R74 million asset impairment on vacant land earmarked for future development.
Despite these headwinds, recurring headline earnings remained stable, up 0.2%, and net debt declined by R156 million following a successful R2.4 billion debt refinancing on better terms. Learner numbers slipped 1.4% year-on-year to just under 72,000, even as fee revenue grew and ancillary income surged 10.8%. Kaya 959 · Kaya FM
174 episodes
M4A•Episode home
Manage episode 502827725 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Guest - Cobus Loubser, Chief Executive Officer of Curro Holdings
Curro Holdings, South Africa’s leading independent school network, has released its interim results for the six months ended June 2025 – showing a mixed picture of resilience in tough market conditions. Revenue rose 4.7% to R2.7 billion, while cash generated from operations jumped over 10% to R688 million, reflecting strong financial discipline. However, earnings per share dropped 36% due to a R74 million asset impairment on vacant land earmarked for future development.
Despite these headwinds, recurring headline earnings remained stable, up 0.2%, and net debt declined by R156 million following a successful R2.4 billion debt refinancing on better terms. Learner numbers slipped 1.4% year-on-year to just under 72,000, even as fee revenue grew and ancillary income surged 10.8%. Kaya 959 · Kaya FM
…
continue reading
Curro Holdings, South Africa’s leading independent school network, has released its interim results for the six months ended June 2025 – showing a mixed picture of resilience in tough market conditions. Revenue rose 4.7% to R2.7 billion, while cash generated from operations jumped over 10% to R688 million, reflecting strong financial discipline. However, earnings per share dropped 36% due to a R74 million asset impairment on vacant land earmarked for future development.
Despite these headwinds, recurring headline earnings remained stable, up 0.2%, and net debt declined by R156 million following a successful R2.4 billion debt refinancing on better terms. Learner numbers slipped 1.4% year-on-year to just under 72,000, even as fee revenue grew and ancillary income surged 10.8%. Kaya 959 · Kaya FM
174 episodes
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