Learn Africa Posts N753.11m Profit After Tax, N6.15 billion Turnover
Oluchi Chibuzor Learn Africa Plc has said it posted N735.11 million profit after taxation in the financial year ending March 31, 2026. Speaking at the 53rd annual General Meeting held in Lagos,
Learn Africa Plc reported a N753.11 million profit after taxation in the financial year concluding March 31, 2026, with total revenue reaching N6.15 billion. The company's Chairman, Emeke Iwerebon, highlighted the significant role of stakeholders in the achievements during the year. He emphasized Learn Africa's strong foundation, clear strategic direction, and commitment to delivering high-quality educational resources, positioning the company for sustainable value creation and industry growth.
The financial year saw a 19% increase in turnover, from N5.18 billion to N6.15 billion, while total assets grew by 16%, from N5.91 billion to N6.84 billion, and shareholders' funds expanded by 12%, from N4.08 billion to N4.57 billion. Notably, despite rising publishing costs and operating expenses, profit before taxation rose by 59%, from N748.21 million to N1.19 billion, and profit after taxation increased to N753.11 million, up from N474.98 million the previous year.
Higher finance income, a net exchange gain, and the absence of finance costs contributed to the improved financial performance. CEO Hassan Bala expressed optimism about the future, stating that ongoing collaboration with the Nigerian Copyright Commission (NCC) and the Nigeria Customs Service would lead to a substantial reduction in piracy in the Nigerian educational publishing market in the coming years.
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