Learn Africa’s 35 Kobo Dividend Underscores Value Ahead of Possible Acquisition Talks

Key highlights:

• Final dividend: 35 kobo per share
• Dividend yield: 5%
• Payout ratio: 64%
• Total payout: N303.7 million

Learn Africa Plc has declared a final dividend of 35 kobo per 50 kobo ordinary share for the financial year ended March 31, 2025.

According to the company’s disclosure to the Nigerian Exchange, the dividend—amounting to a total payout of N303.7 million—will be paid to shareholders whose names appear on the Register of Members as of September 12, 2025. The payment, subject to withholding tax, will be made electronically on Thursday, September 25, 2025, coinciding with the company’s Annual General Meeting (AGM).

Learn Africa emphasized that only shareholders who have completed the e-dividend registration process will receive payments directly into their bank accounts.

The dividend reflects the company’s solid performance in the 2025 financial year. Revenue grew by 27% to N5.1 billion, up from N4.08 billion in 2024, boosted by increased sales across its regions. The western zone led with N1.9 billion in sales, followed by the northern zone with N1.2 billion, and the eastern zone with N1 billion.

Related News:

• FCMB Assures Dividend Stability Amid CBN Directive
• Dividend Delight: Okomu Oil Palm Declares ₦30 Interim Payment

Despite higher costs of sales, which rose to N2.6 billion from N1.9 billion, gross profit climbed to N2.5 billion from N2.1 billion. Operating expenses also increased, mainly due to selling and distribution costs of N1 billion. Still, operating profit surged to N767.3 million compared to N280.7 million in the previous year, while profit before tax jumped to N748.2 million from N260.5 million.

However, in the first quarter of the 2026 financial year, the company slipped into a loss of N354.8 million due to rising production and operational costs.

Market performance:
Shares of Learn Africa have recorded a strong bullish run in 2025, gaining 56% year-to-date. Starting the year at N4.50, the stock climbed to N7 by August 25, 2025, after rallying consistently from April. July marked its strongest month with a 37% surge, while August has already delivered an 11% gain.