Makini Schools' Owner, ADvTECH, Half-Year Profit Rises 13% to KSh 5.81Billion

Makini Schools owner ADvTECH posted a 13.3% increase in profit after tax to R726.2M (KSh 5.81Billion) in the six months ended June 2026, as revenue rose 8.0% to R5.06B (KSh 40.48Billion) on higher enrolment, moderate fee increases and improved collections.

• Operating profit increased 13.5% to R1.11B (KSh 8.92Billion), lifting the group’s operating margin to 22.0% from 21.0%.
• Headline earnings rose 15.9% to R716.5M (KSh 5.73Bn), while headline earnings per share increased 16.1% to 130.8 South African cents.
• Total enrolment, measured in February, grew 12.8% to 119,197 students, while tertiary enrolment increased 19.0% to 71,467, while Rest of Africa schools enrolment rose 13.9% to 13,161.

ADvTECH’s Rest of Africa schools division, covering Kenya, Botswana and Ethiopia, reported an 8.0% increase in revenue to R303.1M (KSh 2.42Bn). Operating profit rose 10.7% to R91.3M (KSh 730.40Mn), with its margin improving to 30.1% from 29.4%. The figures are for the combined division and are not standalone Makini results.

The company said all schools in the division delivered strong local-currency growth, although the stronger rand reduced reported growth. The segment benefited from higher student numbers and the inclusion of Regis Runda, acquired in September 2025 and incorporated into the Makini brand.

ADvTECH is upgrading Makini Runda’s facilities, ICT infrastructure and academic-support systems, including access to its AI-powered Advlearn platform. The campus will introduce the Cambridge International curriculum in September 2026 after receiving approval.

The group is also redeveloping Makini State House after securing a new lease for the Nairobi campus. Work to upgrade the facilities and double student capacity is scheduled for completion by December 2026.

Tertiary revenue increased 17.3% to R2.24B (KSh 17.94Bn), while operating profit rose 19.4% to R591.7M (KSh 4.73Bn). Resourcing revenue fell 14.7% to R655.8M (KSh 5.25Bn), partly reflecting the continuing impact of USAID’s closure on its African recruitment operations.

Gross trade receivables grew 5.0%, slower than revenue, while credit losses declined 3.3% to R115.4M (KSh 923.20Mn). ADvTECH said improved collection processes strengthened the debtor book.