ADvTECH’s Tertiary Division performed well. It continues to grow on the back of a well-established, high quality brand portfolio that offers a comprehensive range of programmes and qualifications. Revenue increased by 13%, while operating profit increased by 16%.

“Our Schools Division continues to enhance its value proposition and win market share. All brands across the division recorded strong volume and operating profit growth.” - Geoff Whyte, CEO, ADvTECH

“As the leaders in teaching and learning across the African continent, ADvTECH is uniquely positioned to enrich people’s lives. We remain at the forefront of shaping the future of education.” - Geoff Whyte, CEO, ADvTECH

The Group’s solid balance sheet, strong cash generation, growing scale and expertise in Africa, places us in a good position to maintain our growth trajectory and invest with confidence in areas of opportunity.” - Geoff Whyte, CEO, ADvTECH

ADvTECH acquires prime Sandton location for new University campus to co-locate Varsity College and Vega onto 9 000-strong site in 2026. advtech.co.za/advtech-acquir…

ADvTECH has acquired a 100% interest in Flipper International School in Ethiopia, adding five schools and 3000 students to the Group’s international portfolio.

“Addis Ababa, Ethiopia, is the 5th fastest growing city in Africa. One of the consequences of this rapid development has placed pressure on the public schooling system. We are well placed to meet the demand for high quality, private education.” - Geoff Whyte, CEO, ADvTECH

“Flipper International School is a beacon of academic excellence in the region and we look forward to taking it to even greater heights, as we reinforce our position as a leading provider of private education on the African continent.” - Geoff Whyte, CEO, ADvTECH

With the acquisition of Flipper International School, ADvTECH now has over 11 000 students in Botswana, Kenya and Ethiopia.

advtech.co.za/advtech-school…

ADvTECH: International Day of Education underscores importance of professional development in age of AI advtech.co.za/advtech-intern…

The group achieved double digit growth in both schools and tertiary divisions, with total enrolments breaking through 100 000 for the first time.

ADvTECH recorded another strong set of results for the year ended 31 December 2024, driven by healthy enrolment growth, moderate fee increases and continued margin improvement.

Group revenue grew by 8% to R8 521 million for the year, driven by a 13% increase in the education division and an 8% contraction in the resourcing division. Group operating profit increased by 14% to R1 791 million with the education division’s operating profit increasing by 15%

ADvTECH’s normalised earnings for the year increased by 17% to R1 109 million while normalised earnings per share increased by 16% to 202.5 cents.

The ADvTECH board declared a final gross dividend of 63.0 cents (2023: 57.0) per ordinary share in respect of the year ended 31 December 2024. This brings the full year dividend to 101.0 (2023: 87.0) cents per share.

ADvTECH expanded its footprint in Africa with the acquisition of Flipper International Schools group in Ethiopia in November 2024, adding five schools and more than 3 000 students. The Schools division in the rest of Africa now serves over 11 500 students in three countries.

In South Africa, the matric class of 2024 at ADvTECH achieved a 99.4% pass rate, 94.5% bachelor’s degree pass rate and 3 317 distinctions at an average of 2.1 distinctions per student.

“The acquisition of a 47 000m2property off Grayston Drive in Sandton is being developed into a brand-new campus with initial capacity for 9 000 students, in line with our intention of becoming a fully-fledged university.” - Geoff Whyte, CEO, ADvTECH

“The group’s sound balance sheet, strong cash generation, growing scale and expertise in Africa, position us well to maintain our growth trajectory and invest with confidence in areas of opportunity.” – Geoff Whyte, CEO, ADvTECH