YDUQs recorded a net income of $ 13.8 million in the fourth quarter of last year, reflecting the loss of $ 120.3 million registered in the previous year. In the modified standard, it added $ 61.8 million, an increase of 433.3 % on the same comparison basis. In the unified 2024, the net profit reached 341.2 million dollars, the annual growth of 120.6 %.
The total Ebitda reached 361.5 million rupees between October and December, an annual increase of 59.3 %, with the EBITDA margin by 28.5 %, an increase of 10.1 percent (PP). The amended index closed the last quarter with a growth of 14.6 %, to 395.2 million dollars. The margin increased, in this case, 3.2 pages and went to 31.2 %. In 2024, total profits before benefits, taxes, depreciation and consumption reached $ 1.742 billion, and 9.6 % higher than that recorded in the previous year, with a margin of 32.6 %, 1.7 PP.
The total YDUQS revenue was $ 1.266 billion in the fourth quarter of last year, by 3 % in the annual comparison, while in 2024 unified 4 % compared to 2023, to $ 5.351 billion.
According to the education company, growth in revenue is mainly as a result of the performance of the excellent sector. The company says in the recently released version: “IDOMED and IBMEC made excellent offers within the excellent part, as a result of the maturity of medical courses, the expansion of vacancies in 2024 and the results of the first university courses in IBMEC,” says the company in the recently released version.
The YDUQS Student Base grew by 0.9 % between October and December last year, compared to the same break from 2023 to 1.319 million. Reduced capture 11.7 % in the second half of 2024 compared to the same period from 2023 to 185.3 thousand.
The financial result was negative at 162.3 million dollars in the last quarter of 2024, with a rate of 6.6 % compared to the same time break for 2023. In the annual comparison, the company ended 2024 with the negative financial result of 615.2 million dollars, compared to 694.3 riyals from 2023, which represents 11.4 %.
According to Yduqs, “The search for efficiency was along with financial discipline reflected again in the financial result.” The main factors that affected the result were the group’s efforts, which benefited from the interest and fines line.
The net debt (previous IFRS 16) increased by 3.6 %, to $ 2.928 billion at the closure of 2024. The leverage (net debt by profits before benefits, taxes and modified Habiya) was 1.61 times compared to 1.65 times from 2023.
