The company's revenues rose 17.3 per cent to $926.2m in the 12 months ended August 31 2017.
Average revenue per student rose 6.6 per cent to $8,079 in the period from $7,579 in the same period last year.
In 2017 financial year net profit rose 2.5 per cent, boosted by increased average revenue per student, while net income rose to US$129.6 million versus $126.5m in the same period last year.
Clearly if GEMS Education had maintained this trajectory, it could well have hit $1bn in revenues by 2018, a year in which it planned also IPO according to a Financial Times report.
GEMS has impressively managed growth against headwinds. Oddly for a company in the education sector, it seems to thrive on risk and when times are choppy.
The company now provides private school education from kindergarten (ages 5 to 6) to Grade 12 (ages 17 to 18) and claims to serve around 100,000 students. The company operates 90 schools (plus or minus, depending on whether it is 'merging' or opening schools) across multiple curricula - U.S. UK, IB, and Indian, at multiple fee levels.
In its home market, the United Arab Emirates, it evokes a mixed response from parents who rush to fill its schools, but complain about its obvious commercial approach.
GEMS Education itself is unapologetic for the latter, its basic argument, perhaps very reasonably, you get what you pay for. It also makes a very strong point that if it were not for the profit motive, the UAE would probably not have had the schools it needed to grow so quickly.
GEMS Primary schools include:
Abbotsford Preparatory School, Greater Manchester, England
American Academy, Abu Dhabi
Jumeirah Primary School, Dubai
Kindergarten Starters, Dubai
Royal Dubai School, Dubai
Wellington Primary School, Dubai
World Academy, Tianjin Eco-City, China
Secondary schools include:
Al Khaleej National School, Dubai
American Academy, Dubai
Cambridge High School, Abu Dhabi
Cambridge International School, Al Garhoud, Dubai
GEMS modern academy, Gurgaon, India
GEMS international school, palam vihar, Gurgaon, India
Jumeirah College, Dubai
Millennium School, Sharjah
Modern High School, Dubai
Our Own English High School, Abu Dhabi
Our Own English High School, Al Ain, Abu Dhabi
Our Own English High School, Dubai
Our Own English High School, Fujairah
Our Own English High School, Sharjah
Our Own High School, Al Warqaa, Dubai
Sherborne House School, Southampton, Hampshire, England
Sherfield School, Sherfield on Loddon, Hampshire, England
Webber Independent School, Milton Keynes, Buckinghamshire, England
Wellington International School, Al Sufouh, Dubai
Westminster School, Sharjah
Winchester School, Dubai
World Academy, Dubai
GEMS Education Bldg., Sheikh Zayed Rd,
Dubai, United Arab Emirates
PO Box 8607
FOR GENERAL ENQUIRIES
FOR STUDENT ADMISSIONS
+971-4-3477770 ext. 530