I
Ishak Kula
3
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Sep 22, 2026
Ghost Stories #114: The STADIO growth formula
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14:35
29:12

Ishak KulaGUEST
And maybe for the listeners, again, it's important to understand contextually, I think strategically as a group, We've always said that we want to accommodate 80% of our students to study via the distance learning mode of delivery and 20% via contact learning.

Ishak KulaGUEST
At the half year, we were around about 87% of our students studying in the distance mode of delivery and 13% via contact learning.

Ishak KulaGUEST
I think over the last two to three years, and particularly post-COVID, we've really seen that more students want to have a contact learning experience, particularly those school leavers want to have an experience with fellow students.
14 MINS LATER

Chris VorsterGUEST
Isak, you want to talk to the CAPEX and especially the expansion that we are currently busy with at our four contact learning campuses in Stardew High Road?
Rainbow flies high on strong results & Stadio reports 13% revenue growth as student base surges
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Ishak KulaGUEST
We've, over the last couple of years, really invested into, uh, contact, in, into contact learning distance-- uh, into the contact learning mode, uh, really putting down a significant amount of infrastructure.

Ishak KulaGUEST
In the period, we've spent a hundred and forty-seven million rand on capital and infrastructure projects.

Ishak KulaGUEST
I think we've-- notably the highlight being the seventy-nine million rand in our flagship Durbanville campus.

Ishak KulaGUEST
And, uh, Matteo, to, to continue to meet the strong demand, um, we are-- we've embarked on a strategy to continue with further expansions in our existing footprint, and we believe that, uh, the investment, uh, will yield the required return.
Stadio reports 13% revenue growth as student base surges
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Ishak KulaGUEST
We've, over the last couple of years, really invested into contact learning distance, into the contact learning mode, really putting down a significant amount of infrastructure.

Ishak KulaGUEST
In the period, we've spent 147 million rand on capital and infrastructure projects.

Ishak KulaGUEST
I think we've notably, the highlight being the 79 million rand in our flagship terminal campus.

Ishak KulaGUEST
And Mateo, to continue to meet the strong demand We've embarked on a strategy to continue with further expansions in our existing footprint, and we believe that the investment will yield the required return.

Ishak KulaGUEST
We see some elevated spend on the capital side, but we've got fairly low levels of gearing and continued good cash generation, so we don't see a significant amount of debt on the balance sheet.

