Half Year 2025 Curro Holdings Ltd Earnings Call Transcript
Key Points
- Revenue increased by 4.7% despite a 1.4% reduction in the average number of learners.
- Cash generated from operations increased by over 10%, surpassing the 264 million rand invested in CapEx.
- Curro Holdings Ltd (FRA:24P) has a diversified portfolio of schools and educational platforms, delivering value across different school models.
- The company launched a new national football tournament, the Curro Palala Cup, enhancing extracurricular opportunities.
- Curro Holdings Ltd (FRA:24P) has a healthy financial position with a well-structured balance sheet and low debt levels.
- Learner enrollment decreased by 1.4% at the start of 2025 compared to 2024, impacting revenue growth.
- Operating margin reduced by about 1% due to lower learner enrollment, restricting revenue growth to about 5%.
- The expected credit loss provision increased to 42.2% of gross receivables, indicating challenges in fee collections.
- Total operating costs increased by 5.4%, exceeding the revenue increase of 4.7%.
- The learner-to-teacher ratio decreased slightly due to lower learner numbers in pre and primary schools.
The link. I did I'm all.
I always said I'm part. That's why.
Now I forgot to bring my box.
Not for a reason, a little scale.
But you probably can't read them.
This must be like the best behaved class we've ever had. .
There's the sound, there's a bit of an echo here. Can you just maybe It feels a bit like quite loud. Can you, Andrea, can you hear me?
Loudly I just, I want to just give it a minute or two, where you're a little bit early, but you're clearly on your best behavior, so maybe I should dish out stars or something.
But yeah, let's just give it a, we've got to start on time, so just give it a minute or two, so you're welcome to chat in a little bit, everybody, so.
Okay.
Good morning, ladies and gentlemen.
Welcome to Kiro's presentation on our half year results. That would be for the 6 months up to 30 June 2025.
There were, there was an announcement this morning, and maybe I should just deal with that first and then we
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