Despite high inflation, rising energy costs and insecurity, Learn Africa Plc has posted a profit after tax of N735.11 million for the financial year ended March 31, 2026.

The company’s turnover grew by 19 per cent, from N5.18 billion in 2025 to N6.15 billion in 2026.

Speaking at the 53rd Annual General Meeting (AGM) in Lagos, Chairman of Learn Africa, Mr Emeke Iwerebon, said the company remained resilient, strengthened its market position and delivered improved financial performance despite the tough operating environment.

He attributed the performance to the commitment of stakeholders, which he said, enabled the company to respond effectively to changes in the education and publishing industry.

Iwerebon noted that although the rising cost of paper, printing, energy and distribution put pressure on operating costs, the company made significant progress in the publishing market.

“With a strong foundation, clear strategic direction and commitment to delivering quality educational resources, Learn Africa is well-positioned to create sustainable value and make an even greater contribution to the industry,” he said.

Giving a breakdown, Iwerebon said: “In the year ended March 31, 2026, turnover increased by 19 per cent from N5.18 billion to N6.15 billion. Total assets grew by 16 per cent from N5.91 billion to N6.84 billion, while shareholders’ funds rose by 12 per cent from N4.08 billion to N4.57 billion. The 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.”

He said beyond the financials, the company strengthened its position in the educational publishing market through digital offerings.

According to him, a major development during the year was the release of new curricula for basic and secondary education in September 2025.

“The company responded promptly by accelerating the development and publication of titles aligned with the new curricula. We also continued to strengthen our digital learning offering, expanding our digital textbook portfolio and enhancing the Learn Africa Online platform,” Iwerebon said.

Managing Director and Chief Executive Officer, Mr. Hassan Bala, decried the activities of pirates, saying they have continued to stifle growth in the publishing industry.

“This is something we can only reduce because Learn Africa alone cannot stop it. The company remains the single largest financier of the fight against piracy on the field,” Bala said.

Deputy Director, Marketing and Sales, Christopher Kikanme, said despite operating in a tough and uncertain market, the company expanded its customer base, which drove the 19 per cent revenue growth.

He said the company has also expanded its reach through social media to engage a wider audience.

“As soon as the curriculum reform was announced by the Federal Government, management moved swiftly into implementation. The publishing team got to work and produced books that are fully aligned with the new curriculum.

Our presence in the digital space has attracted more customers,” Kikanme said.

He further disclosed that the company has expanded into Benin Republic this year, with plans to enter more West African markets to strengthen its continental presence.