PHOTO
Dubai | Amanat Holdings PJSC (“Amanat” or the “Company”) (DFM symbol: AMANAT), the leading healthcare and education listed investment company, announces its audited financial results for the year ended 31 December 2023 (“FY 2023”).
Revenue: Grew by 40% year-on-year to AED 718.1 million in FY 2023, driven by an almost two-fold increase at the Education platform and growth of 14% at the Healthcare platform
EBITDA: Increased by 46% year-on-year to AED 274.3 million in FY 2023
Adjusted Net Profit before Tax and Zakat: Grew by 38% year-on-year to AED 159.3 million in FY 2023
Balance sheet: AED 582.3 million of cash at year-end and low leverage providing significant capital for deployment. Proposed dividend of AED 50 million for FY 2023, with additional interim dividends planned for 2024
Value creation: Strong growth trajectory across both platforms with attractive deployment pipeline and potential for monetization to unlock shareholder value
