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FILTERED RESULTS
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War disruption hits Taaleem’s nursery numbers
Dubai education provider Taaleem said the US-Iran war affected its nursery portfolio more than its schools in fiscal year 2025/26, as remote learning was less suited to early-years pupils.
Nursery enrolments fell almost 7 percent for the 12 months ended August 31, 2026, despite capacity increasing 7 percent to 6,400, the company said in a filing on the Dubai Financial Market (DFM).
Taaleem expects occupancy to rise in fiscal year 2026/27, supported by organic enrolment growth and the addition of seven nurseries, or 1,300 seats, by June 2027.
Capacity of the premium school category grew 11 percent annually to almost 24,000 seats, supported by the addition of DBS Mira and DBS Islands schools in Dubai. Enrolment rose 11 percent to more than 18,500 students, lifting capacity utilisation to 78 percent.
Operating revenue rose 16 percent year on year to AED1.3 billion ($353 million), supported by an 11 percent increase in premium school enrolments and continued growth across the school portfolio.
Net profit fell 22 percent year on year to AED127 million, driven by higher finance costs and depreciation from the expansion programme.
Khalid Al Tayer, chairman of Taaleem, said summer camps helped to mitigate the financial impact, supported by the subsequent recovery in enrolment.
The company expects Harrow Abu Dhabi and DBS Ghaf Woods in Dubai to strengthen its premium and super-premium offering, leading to further growth, he said.
Taaleem operates 14 premium schools, 23 public-private partnership (PPP) schools and 36 nurseries.
The company’s stock closed 0.6 percent higher at AED3.25 on Thursday. The share price is down almost 23 percent so far this year.
National Bonds Company is Taaleem’s largest shareholder, with a 22.4 percent stake, according to DFM data.
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Source: AGBI