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.
See also: Thakral’s 1QFY2026 adjusted attributable profit more than doubles y-o-y to $3.3 mil
“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.
