Learn Africa Plc, a leading educational publisher in Nigeria, has announced its financial results for the year ending March 31, 2026. The company reported a turnover of N6.15 billion, representing a 19% increase from N5.18 billion in the previous year. This growth is a testament to the company's strong foundation and clear strategic direction. Chairman Emeke Iwerebon attributed the progress to the collective efforts of all stakeholders.
The company's financial performance also showed significant improvements in other areas. Total assets increased by 16% from N5.91 billion to N6.84 billion, while shareholders' funds grew by 12% from N4.08 billion 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. Despite these cost pressures, the company managed to increase its profit before taxation by 59% from N748.21 million to N1.19 billion.
Learn Africa's profit after taxation also saw a significant increase, rising to N753.11 million compared with N474.98 million in the previous year. The company's performance was supported by higher finance income, a net exchange gain, and the absence of finance costs during the year. Chairman Emeke Iwerebon expressed confidence that the company's strong financial position will provide a solid foundation for sustaining operations and pursuing future growth opportunities.
In addition to its financial performance, Learn Africa made significant progress in strengthening its position in the Nigerian educational publishing market through its digital offerings. The company is committed to delivering quality educational resources to its customers. The Managing Director and CEO, Hassan Bala, expressed optimism about the company's future prospects.
One of the major challenges facing the educational publishing industry in Nigeria is piracy. However, Learn Africa is working closely with regulatory agencies to tackle this issue. The company's MD/CEO, Hassan Bala, disclosed that the Nigerian Copyright Commission (NCC) has collaborated with the Nigeria Customs Service to track and prevent the importation of pirated books.
The collaboration between NCC and NCS is expected to yield positive results in the near future. According to Hassan Bala, the nation will witness a significant reduction in piracy in the next one to two years. This development will not only benefit Learn Africa but also the entire educational publishing industry in Nigeria.
Learn Africa's commitment to innovation and customer satisfaction has positioned the company for future growth. With a strong foundation and clear strategic direction, the company is well-positioned to create sustainable value and make an even greater contribution to the industry. The company's financial performance and progress in digital offerings demonstrate its potential for continued success.
Key points
- Learn Africa Plc reported a 19% increase in turnover to N6.15 billion and N753.11 million profit after tax for the financial year ending March 31, 2026.
- The company's profit before taxation increased by 59% from N748.21 million to N1.19 billion.
- Learn Africa is working closely with regulatory agencies to tackle piracy in the educational publishing industry.
