Learn Africa Plc, a leading educational publisher in Nigeria, has announced a profit after tax of N735.11 million for the financial year ended March 31, 2026. This achievement is remarkable given the company's operating environment, marked by high inflation, rising energy costs, and insecurity. The company's turnover grew by 19 per cent to N6.15 billion in 2026, up from N5.18 billion in 2025. Chairman of Learn Africa, Mr. Emeke Iwerebon, attributed the company's resilience and improved financial performance to the commitment of its stakeholders.
The company's financial performance was driven by significant progress in the publishing market, despite rising costs. Iwerebon noted that the cost of paper, printing, energy, and distribution put pressure on operating costs. However, Learn Africa's strong foundation and clear strategic direction enabled it to respond effectively to changes in the education and publishing industry. The company's total assets grew by 16 per cent from N5.91 billion to N6.84 billion, while shareholders' funds rose by 12 per cent from N4.08 billion to N4.57 billion.
Learn Africa's publishing business was impacted by the release of new curricula for basic and secondary education in September 2025. The company responded promptly by accelerating the development and publication of titles aligned with the new curricula. Iwerebon highlighted that Learn Africa also strengthened its digital learning offering, expanding its digital textbook portfolio and enhancing the Learn Africa Online platform. This strategic move has enabled the company to create sustainable value and make a greater contribution to the industry.
The company's Managing Director and Chief Executive Officer, Mr. Hassan Bala, expressed concern about the activities of pirates in the publishing industry. Bala noted that piracy continues to stifle growth in the industry, and Learn Africa alone cannot stop it. However, the company remains the single largest financier of the fight against piracy on the field. Bala emphasized the need for collective efforts to address this challenge.
Learn Africa's Deputy Director, Marketing and Sales, Christopher Kikanme, attributed the company's 19 per cent revenue growth to its expanded customer base. Kikanme noted that the company has also expanded its reach through social media to engage a wider audience. The publishing team produced books that are fully aligned with the new curriculum, and the company's presence in the digital space has attracted more customers.
Learn Africa has further expanded its presence in West Africa by entering the Benin Republic market this year. The company plans to enter more West African markets to strengthen its continental presence. Iwerebon emphasized that Learn Africa is well-positioned to create sustainable value and make an even greater contribution to the industry, given its strong foundation and commitment to delivering quality educational resources.
The company's financial highlights for 2026 include a 19 per cent increase in turnover to N6.15 billion, a 16 per cent growth in total assets to N6.84 billion, and a 12 per cent rise in shareholders' funds to N4.57 billion. The cost of publishing increased from N2.65 billion to N3 billion, while operating expenses rose from N1.92 billion to N2.21 billion. Learn Africa's resilience and improved financial performance demonstrate its ability to navigate challenging economic conditions.
Key points
- Learn Africa Plc reports N735.11m profit after tax for 2026 despite economic challenges.
- The company's turnover grew by 19 per cent to N6.15 billion in 2026.
- Learn Africa expands its presence in West Africa by entering the Benin Republic market.
