Latest news with #AmanatHoldingsPJSC
Mid East Info
14-05-2025
- Business
- Mid East Info
Amanat Reports Revenue Growth of 13% in Q1 2025 with Education up 23% driven by Record Enrollments - Middle East Business News and Information
Dubai | Amanat Holdings PJSC (' Amanat ' or the ' Company ') (DFM symbol: AMANAT), the leading healthcare and education listed investment company, announces its financial results for the three-month period ended 31 March 2025 (' Q1 2025 '). Revenue from continuing operations: Grew by 13% year-on-year to AED 240.7 million in Q1 2025 driven by strong performance at Education, which grew 23% year-on-year EBITDA from continuing operations: Increased by 5% year-on-year to AED 84.1 million in Q1 2025, with a 12% increase at Education partially offset by the impact of ramp-up losses at Healthcare Profit before tax and zakat from continuing operations: Declined by 2% year-on-year to AED 56.7 million in Q1 2025, impacted at Healthcare by pre-opening and ramp up costs from the Jeddah bed expansion and new Khobar facility, and at Education, by the newly established Almasar head-office established during the period to drive growth initiatives, and the recently launched and under-development SEN daycare centers Balance sheet: Significant cash balance of AED 520.9 million with low leverage at the end of Q1 2025 Dividends: In April 2025, shareholders approved a final dividend of AED 40 million (1.6 fils per share) at the AGM bringing the total dividend payout for FY 2024 to AED 115 million (4.6 fils per share) Post-period: Post-period the Company, as part of its continuous focus on returning value to shareholders, announced the exercise of its option to sell its education real estate asset, which will generate a return in excess of the carrying value of the asset Q1 2025 Operating Highlights Strong student and beneficiary growth: 18% growth in students and beneficiaries to 23.7 thousand. At Higher Education, MDX grew 15% to 6.2 thousand and NEMA grew 14% to 11.1 thousand. At Special Education Needs, beneficiaries increased by 28% to 6.4 thousand with good progress across the eight centers launched in 2024 and one in 2025, with seven facilities under development. Post-Acute Care growth: Capacity increased to 170 beds in Jeddah, with a further 30 beds to be launched in H2 2025. The new Khobar facility opened in November 2024, with 30 initial beds, growing in a phased manner to reach a total capacity of 150 beds. Further expansion opportunities remain under review. Q1 2025 Financial Highlights Revenue from continuing operations: Grew by 13% year-on-year to AED 240.7 million in Q1 2025 supported by strong performance at Education and steady progress at Healthcare: Education: 23% year-on-year increase to AED 152.1 million, driven by ongoing enrollment and beneficiary growth across MDX and HDC. Healthcare: Marginal decline of 2% year-on-year to AED 88.6 million, with revenue growth in Dharan and Khobar offset by a slight decline in the UAE from the impact of the discontinuation of COVID-related programs. A return to growth is anticipated in future periods due to capacity expansions and ramp-up in KSA operations and patient growth in the UAE. EBITDA from continuing operations: Increased by 5% year-on-year to AED 84.1 million in Q1 2025, with an increase at Education partially offset by a decline at Healthcare. Education: EBITDA grew by 12% year-on-year to AED 73.8 million, due to strong revenue growth, partially impacted by head office costs at the newly created Almasar head office and ramp-up / pre-opening costs from the launch of new SEN daycare centers. Healthcare: EBITDA declined by 10% year-on-year to AED 19.6 million, impacted by ramp up losses at the new Khobar facility and pre-opening costs associated with the bed expansion in Jeddah. Profit for the period from continuing operations: Marginally declined by 4% year-on-year to AED 50.5 million in Q1 2025, impacted by ramp up and pre-opening costs at Healthcare and the newly created Almasar head office and the impact of new / under construction daycare centers at Education. Amanat's Chairman, Dr. Shamsheer Vayalil, said: 'Amanat continued to deliver on its growth strategy in the first quarter of 2025 registering strong topline growth on the back of record enrollments and beneficiaries at Education, continuing the strong momentum seen in 2024. At Healthcare, the ramp-up of our long-term care facility in Khobar and the progress on expanding our Jeddah facility, positions us well for future growth and reflects our commitment to addressing the critical need for high-quality post-acute care across the region. 'Amanat remains focused on delivering value to shareholders, continuing with our monetization plan for Education and in May distributing a final dividend of AED 40 million bringing the total dividend paid for FY 2024 to AED 115 million. Additionally, post-period we announced the exercise of the option to sell our education real estate asset, generating an attractive return and in line with our strategic focus on exploring monetization opportunities for shareholders.' Commenting on the results, John Ireland, Chief Executive Officer, added: 'Amanat reported strong topline growth in Q1 2025, with revenue increasing 13% year-on-year, supported by strong performance at Education and steady progress at Healthcare, driving EBITDA 5% higher year-on-year. Our Education business saw strong revenue growth of 23% year-on-year supported by the success of our international recruitment strategy at MDX and the expansion of HDC's daycare center network, while at Healthcare we expect positive growth momentum in future periods as we ramp-up our Khobar and Jeddah facilities. 'Looking ahead, we continue to focus on driving growth with additional daycare centers under development in HDC, accelerated enrollment growth at MDX and the expansion of our Post-Acute Care offering in Khobar and Jeddah.' Summary Financial Results AED million Q1-2025 Q1-2024 Q1 25 vs. Q1 24 Continuing operations – statutory(1) Revenue 240.7 213.5 13% EBITDA 84.1 80.3 5% Profit before Tax and Zakat 56.7 58.0 (2)% Profit for the Period 50.5 52.8 (4)% Cash and Bank Balances(2) 520.9 503.0 4% Continuing operations – adjusted(3) Adjusted EBITDA 84.4 80.7 5% Adjusted Profit before Tax and Zakat 57.0 58.4 (2)% Adjusted Profit for the Period 50.8 53.1 (4)% Continuing and discontinued operations Profit for the Period 44.4 48.3 (8)% Adjusted Proft for the Period 44.7 48.7 (8)% s Results from continuing operations exclude the financial performance in relation to MSH in both the current and prior period Cash and bank balances include the cash and bank balances of Amanat Holdings PJSC and its subsidiaries, excluding MSH. Comparative figures refer to the balance as at 31 December 2024 Adjusted EBITDA from continuing operations and Profit before Tax and Zakat from continuing operations exclude the impact of transaction costs and one-time non-recurring costs in the current and prior period. Amanat Holdings PJSC is the region's leading listed operator o f healthcare and education assets with paid-up capital of AED 2.5 billion. Listed on the Dubai Financial Market since 2014, Amanat's mandate is to establish, acquire and integrate companies in the healthcare and education sectors; and develop, manage, and operate these companies within the MENA region and beyond. Amanat's Healthcare platform comprises the leading Post-Acute Care provider in the GCC which includes Cambridge Medical and Rehabilitation Center in the UAE and KSA and Sukoon in Jeddah, KSA. Amanat's Education platform includes Almasar Education, which holds MDX, the first overseas campus of the internationally renowned Middlesex University in London, HDC, the leading provider of special education and care services covering educational, medical, and rehabilitation services in KSA, and NEMA Holding, a leading provider of higher education in Abu Dhabi, UAE.
Yahoo
01-05-2025
- Business
- Yahoo
Unveiling Three Undiscovered Gems In Middle East Stocks
As most Gulf markets experience gains ahead of earnings reports and significant U.S. economic data releases, investor sentiment in the Middle East is cautiously optimistic, with indices like Dubai's main share index advancing by 1.3%. In this dynamic environment, identifying promising stocks involves looking for companies that demonstrate resilience and potential for growth amid shifting market conditions and economic indicators. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Alf Meem Yaa for Medical Supplies and Equipment NA 17.03% 18.37% ★★★★★★ Nofoth Food Products NA 14.41% 31.88% ★★★★★★ MOBI Industry 6.50% 5.60% 24.00% ★★★★★★ Sure Global Tech NA 11.95% 18.65% ★★★★★★ National General Insurance (P.J.S.C.) NA 13.40% 30.21% ★★★★★☆ Keir International 23.18% 49.21% -17.98% ★★★★★☆ Union Coop 3.73% -4.15% -13.19% ★★★★★☆ Amanat Holdings PJSC 12.00% 34.39% -9.61% ★★★★★☆ Saudi Chemical Holding 73.23% 15.66% 44.81% ★★★★☆☆ Waja 23.81% 98.44% 14.54% ★★★★☆☆ Click here to see the full list of 246 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Value Rating: ★★★★★☆ Overview: Amanat Holdings PJSC operates by investing in companies within the education and healthcare sectors both in the United Arab Emirates and internationally, with a market capitalization of AED2.67 billion. Operations: Amanat Holdings PJSC generates revenue primarily from its investments in the education sector, contributing AED432.26 million, and in the healthcare sector, adding AED363.84 million. Amanat Holdings, a nimble player in the Middle East's financial scene, has recently showcased impressive earnings growth of 191.4% over the past year, outpacing its industry peers. Despite a rise in the debt-to-equity ratio from 2.2% to 12% over five years, Amanat holds more cash than total debt, ensuring financial stability. The company reported AED 796 million in sales for 2024 and turned around from a net loss to AED 115 million net income. High-quality earnings and positive free cash flow further solidify its position as an intriguing investment opportunity within this dynamic region. Click here to discover the nuances of Amanat Holdings PJSC with our detailed analytical health report. Explore historical data to track Amanat Holdings PJSC's performance over time in our Past section. Simply Wall St Value Rating: ★★★★☆☆ Overview: Drake and Scull International P.J.S.C. operates in the construction sector across various countries including the UAE, Saudi Arabia, and others, with a market capitalization of AED946.43 million. Operations: Drake and Scull International P.J.S.C. generates revenue primarily from its MEP segment, contributing AED1.83 million, and Wastewater Treatment and Water Sludge segment, which adds AED101.84 million. The company's net profit margin is a key indicator of its financial health in the construction industry. Drake and Scull International has shown a remarkable turnaround, with net income reaching AED 3.75 billion for the year ending December 31, 2024, compared to a net loss of AED 366.87 million the previous year. This shift is partly due to a significant one-off gain of AED 3.8 billion impacting its financial results. The company's price-to-earnings ratio stands at an attractive 0.3x against the AE market's average of 12.8x, suggesting potential undervaluation. With more cash than total debt and positive shareholder equity after five years in the red, DSI seems poised for continued stability in its operations. Delve into the full analysis health report here for a deeper understanding of Drake and Scull International P.J.S.C. Gain insights into Drake and Scull International P.J.S.C's historical performance by reviewing our past performance report. Simply Wall St Value Rating: ★★★★★★ Overview: Saudi Azm for Communication and Information Technology Company, with a market cap of SAR1.68 billion, offers business and digital technology solutions in the Kingdom of Saudi Arabia through its subsidiaries. Operations: The company generates revenue primarily from Enterprise Services (SAR142.76 million), followed by Proprietary Technologies (SAR48.32 million), Advisory (SAR31.56 million), and Platforms for Third Parties (SAR19.79 million). Saudi Azm for Communication and Information Technology has been making waves with its robust financial performance. Over the past five years, earnings have grown at a solid 21.1% annually, reflecting high-quality earnings. The company reported net income of SAR 7.24 million for the recent quarter, up from SAR 5.49 million a year ago, alongside sales of SAR 63.95 million compared to SAR 49.54 million previously. With a debt-to-equity ratio significantly reduced from 84.1% to just 2.1%, Azm's financial health seems strong and its interest payments are well covered at an impressive EBIT coverage of 17x, indicating sound fiscal management and potential for sustained growth in the IT sector. Navigate through the intricacies of Saudi Azm for Communication and Information Technology with our comprehensive health report here. Learn about Saudi Azm for Communication and Information Technology's historical performance. Click here to access our complete index of 246 Middle Eastern Undiscovered Gems With Strong Fundamentals. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DFM:AMANAT DFM:DSI and SASE:9534. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
