School operator Taaleem posts record Q1 revenue on enrolment spike

Dubai: UAE school operator Taaleem posted a record revenue of Dh258.7 million during its first quarter, rising 11.5 per cent on the back of a 26.6 per cent spike in student enrolments.

The UAE-based K-12 education provider managing 31 schools recorded a 60.5 per cent rise in pre-tax profit to Dh81.6 million, which it attributed to additional schools, interest gains on cash reserves, and low debt position, aside from enrolment growth.

It witnessed record-breaking levels of enrolment of 35,715 students during the 2023/24 academic year, and it also secured five new government partnership schools, including one Charter School in Abu Dhabi and four more schools under the ESE ‘Ajyal’ Schools contract, aiding their top-line.

“The remarkable increase of 8.3 per cent in premium school capacity utilization and the additions to our portfolio reflect our unwavering commitment to providing educational excellence to an increasing number of students across the UAE,” said Chief Executive Officer Alan Williamson.

“The construction of Dubai British School Jumeira and progress on Dubai British School Mira demonstrate our dedication to expanding educational horizons as we continue to deliver excellence and set new benchmarks in the education landscape.”

Khalid Al Tayer, Chairman of Taaleem, commented: “Our record results for Q1 2023-24 demonstrate this commitment as we invest in expansion, innovation and improvements for the benefit of our students and our communities.”