Our friends at CIRA Education reported a near fivefold y-o-y increase in normalized net income during the fiscal year 2024-2025 to EGP 295.7 mn, according to the EGX-listed education services provider’s latest earnings release (pdf). The jump was supported by a 41% y-o-y increase in revenue during the period to EGP 3.9 bn, driven by continued growth in student enrollment.

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Driving the growth: Tuition fees — which represented 91.7% of CIRA’s total revenues — rose 40% y-o-y to EGP 3.5 bn during the year. Higher education remained the main growth driver, with revenues climbing 49% y-o-y to EGP 2.7 bn, backed by “strong demand at Badr University campuses in Cairo and Assiut, along with contributions from Saxony Egypt University.” The K-12 segment generated EGP 1.2 bn in revenues, up 25% y-o-y, as student numbers rose to 35.6k with a record 94% utilization rate. The nursery segment also expanded, with student enrollment growing 28% y-o-y to 852.

What they said: “FY 2024-25 stands as a landmark year for CIRA Education, one that will be remembered for its scale of achievement, resilience, and transformative direction. Despite one of the most challenging operating environments in recent history, CIRA delivered exceptional results,” CEO Mohamed El Kalla said.

CORRECTION- In the original version of this story, we incorrectly said CIRA’s net income increased fourfold. In fact, net income was up nearly fivefold — 385% to be precise. We have amended the story.

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