Learn Africa Plc, a leading education solutions provider in Nigeria, has reported a profit after tax of N753.11 million for the financial year. This represents a significant increase from the previous year's profit of N474.98 million. The company's chairman, Emeke Iwerebon, disclosed the performance at the 2026 Annual General Meeting (AGM), where management outlined its strategy to leverage digital innovation and evolving curriculum needs to unlock new growth opportunities.
Learn Africa's growth drive is focused on digital learning, curriculum reform, and quality educational resources demand. The company has invested in technology, including the development of a mobile app available on iOS and App Store, which integrates artificial intelligence. Iwerebon emphasized that the company is committed to keeping up with developments in the education sector, despite the challenges in the operating environment. The company's turnover increased by 19 percent from N5.18 billion to N6.15 billion for the year ended March 31, 2026.
The company's cost of publishing increased from N2.65 billion to N3 billion, while operating expenses rose from N1.92 billion to N2.21 billion, reflecting higher production and general business costs during the year. Despite these cost pressures, profit before taxation increased by 59 percent from N748.21 million to N1.19 billion. Iwerebon noted that the company made significant progress in strengthening its position in the Nigerian educational publishing market, intensifying the promotion of its titles and strengthening engagement with schools and teachers.
A major development in the education sector during the year was the release of the new curricula for primary and secondary education in September 2025. Learn Africa responded promptly by accelerating the development and publication of titles aligned with the new curricula. The company's approach to the curriculum transition was deliberate and disciplined. Learn Africa also continued to strengthen its digital-learning offering, recognizing the growing importance of technology in education.
The company's managing director/CEO, Hassan Bala, revealed that piracy has continued to clog the progress of the firm and publishing industries in Nigeria. Bala noted that the company is working with the Nigerian Copyright Commission (NCC) and other stakeholders to reduce piracy. He emphasized that Learn Africa is the single largest financer of the fight against piracy in the industry. The new curriculum has brought some confusion in the entire publishing landscape, causing confusion even among pirates.
Christopher Kikanme, deputy director in charge of marketing and sales at Learn Africa, said the firm has been able to expand its customer base, resulting in a 90 percent revenue growth year on year. Kikanme noted that the company is proactive and quickly implemented the new curriculum reform. Learn Africa has also expanded its terrain and switched into the social media space to reach and win its vast audience. The company is poised to expand its markets into other West African countries.
Learn Africa's growth strategy is focused on leveraging digital innovation and evolving curriculum needs to unlock new growth opportunities. The company remains optimistic about the prospects of the education and publishing sector, despite the challenges in the operating environment. With its expanded digital textbook portfolio and enhanced online platform, Learn Africa is well-positioned to drive growth in the sector.
Key points
- Learn Africa Plc reports N753.11m profit after tax for the financial year.
- The company is leveraging digital innovation and evolving curriculum needs to unlock new growth opportunities.
- Learn Africa is expanding its markets into other West African countries.
