Raffles Education (SGX:NR7
) has reported profit after tax of $24.2 million for 9MFY2026 ended March 31, jumped by 274% y-o-y. However, adjusted EBITDA was marginally lower by 5% y-o-y to $22.7 million.
Meanwhile, net cash generated from operating activities increased to $16.3 million in 9MFY2026, driven by advance course fee collections. With the various deleveraging and asset monetisation initiatives, Raffles Education’s cash and bank balances increased to $46.2 million, compared against the figure of $16.9 million as at June 30, 2025.
Borrowing was also lower to $85.0 million in the same period, compared to $260.8 million a year ago.
With the lower borrowings and reduced interest rate, finance cost declined to $10.7 million in 9MFY2026.
Net assets increased to $713.2 million with net asset value per share at 35.13 cents as at March 31.
In terms of growth strategy, Raffles Education says that it will be expanding its K-12 education segment across ASEAN, including plans to establish a new K-12 campus in Jakarta, Indonesia in the second half of this year.
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“By balancing financial discipline, operational efficiency and strategic expansion, we remain committed to creating long-term value for our stakeholders and further reinforcing our leadership in Asia’s education sector,” says Chew Hua Seng, Chairman and CEO of Raffles Education.
Shares of Raffles Education closed flat at 14.7 cents on May 7.
