After bolstering its portfolio in SA and Ethiopia last year, education investor AdvTech expects to report an uptick in headline earnings for the year ended December.
The group said in a trading statement on Thursday it expects headline earnings to be between 196.8c-205.8c per share, meaning a year on year increase of 13%-18%.
AdvTech told investors that it was “pleased with enrolments for 2025 for both the schools and tertiary divisions that are tracking
in line with targets and continuing their trend of good growth”.
Last year the group expanded its African footprint with the $7.5m (R135m) purchase of Flipper International School in Addis Ababa, Ethiopia in November and the acquisition of FNB’s training and conference centre in Sandton.
The latter is being converted into a new university campus to co-locate two of the group’s biggest tertiary brands, Varsity College and Vega.
In AdvTech’s secondary schooling unit, it opened a new Pinnacle College campus this year, expanded its Rosebank College in Pretoria and Braamfontein, and relocated Rosebank College in Cape Town to double the site’s student capacity.
AdvTech now operates in SA, Kenya, Botswana and Ethiopia through its Crawford International brand, Gaborone International School and Makini Schools, as well as Flipper.
It expects to publish its annual financial results on March 24.
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