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Taaleem’s Profits Dip Amid Aggressive Expansion Strategy

Fri, Oct 9, 2026(2h ago)Business

Taaleem Holdings recently announced a record-breaking financial year, with operating revenue surging 15.6% to Dh1.31 billion as of August 31, 2026. This impressive growth was primarily driven by a robust 11.1% increase in student enrolment, which reached 18,572 students across its premium school network. The company also successfully ventured into the super-premium education sector with the launch of Harrow International School Dubai, which debuted with 400 students—surpassing initial expectations. This growth was bolstered by the opening of new campuses, including Dubai British School Mira and Dubai British School Islands, which helped push total capacity utilisation to nearly 78%.

Despite these revenue gains, the company’s net profit after tax fell by 22% to Dh127.2 million. This decline is largely attributed to the heavy capital expenditure required to fund its ambitious expansion plans, specifically higher financing costs and increased depreciation. While the firm’s EBITDA rose by 5.2%, profit margins faced downward pressure as the business absorbed costs related to new school developments and acquisition accounting adjustments. Moving forward, CEO Alan Williamson remains optimistic, noting that Taaleem is entering a new phase of operational efficiency as recent projects come to maturity, with further school openings already planned for Abu Dhabi and Dubai in the coming years.

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