Financial Performance - The group's revenue increased by approximately 16.5% to about AUD 16.0 million[3] - Gross profit was approximately AUD 6.6 million, an increase of about 16.6%[3] - Profit for the period was approximately AUD 1.6 million, growing by about 50.1%[3] - Basic earnings per share increased to AUD 0.066 from AUD 0.043, representing a growth of approximately 53.5%[4] - Revenue from course fees was AUD 14.97 million, an increase from AUD 12.77 million[11] - Other income and gains were AUD 1.6 million, up from AUD 1.04 million[4] - Interest income increased to AUD 1,533,000 for the six months ended December 31, 2024, compared to AUD 944,000 in the same period of 2023, representing a growth of 62.4%[13] - The group reported a pre-tax profit of AUD 1,592,000 for the six months ended December 31, 2024, up from AUD 1,040,000 in 2023, marking a 53% increase[22] - Basic earnings per share rose to AUD 0.000665 for the six months ended December 31, 2024, compared to AUD 0.000434 in 2023, reflecting a growth of 53%[20] - Net profit for the reporting period increased by approximately 50.1% from about AUD 1.0 million for the six months ended December 31, 2023, to about AUD 1.6 million for the six months ended December 31, 2024[55] - Gross profit rose by 16.6% from AUD 5.7 million for the six months ended December 31, 2023, to AUD 6.6 million for the six months ended December 31, 2024, with a stable gross margin of approximately 41.3%[50] Assets and Liabilities - Cash and cash equivalents rose to AUD 46.6 million from AUD 44.1 million, an increase of about 5.7%[5] - Total assets less current liabilities amounted to AUD 62.4 million, slightly down from AUD 62.9 million[5] - Non-current assets totaled AUD 28.2 million, down from AUD 30.2 million[5] - The company reported a total equity of AUD 50.7 million, up from AUD 50.1 million[5] - Total trade receivables amounted to AUD 455,000 as of December 31, 2024, up from AUD 304,000 as of June 30, 2024, indicating a 49.7% increase[26] - Trade payables increased to AUD 2,997,000 as of December 31, 2024, from AUD 2,655,000 as of June 30, 2024, showing a growth of 12.9%[28] Expenses and Investments - Administrative expenses increased by approximately 16.5% from AUD 3.7 million for the six months ended December 31, 2023, to AUD 4.4 million for the six months ended December 31, 2024[52] - The cost of revenue rose by approximately 16.5% from AUD 8.1 million for the six months ended December 31, 2023, to AUD 9.4 million for the six months ended December 31, 2024[49] - The group acquired assets at a cost of AUD 48,000 for the six months ended December 31, 2024, down from AUD 88,000 in the same period of 2023, indicating a decrease of 45.5%[24] - Capital expenditure for the six months ended December 31, 2024, was approximately AUD 0.3 million, primarily for course development and office equipment[56] Dividends and Shareholder Information - The group did not declare any interim dividend for the six months ended December 31, 2024, compared to a dividend of AUD 0.001 per share in the same period of 2023[19] - The company does not recommend an interim dividend for the six months ending December 31, 2024, compared to HKD 0.1 per share for the same period in 2023[65] Employee and Operational Developments - The group’s employee benefits expenses (excluding directors and key management personnel) increased to AUD 5,093,000 for the six months ended December 31, 2024, compared to AUD 4,503,000 in 2023, reflecting a growth of 13.1%[15] - The company employed 123 staff members as of December 31, 2024, compared to 106 staff members as of December 31, 2023[62] - The teaching and non-teaching staff satisfaction survey results published in July 2024 showed high levels of satisfaction, with nearly 90% of teaching staff feeling competent in their roles[40] Course and Program Developments - TOP has received unconditional re-accreditation for its Bachelor of Laws program for five years, making it the only non-university higher education institution in the private sector to offer a certified legal course that allows students to obtain a practicing lawyer qualification[36] - TOP is developing a new undergraduate data business course focused on digital marketing and supply chain management, set to launch in the first half of 2025[35] - A new micro-credential course on Environmental, Social, and Governance (ESG) standards will be launched in the first half of 2025, marking TOP's first fully self-developed micro-credential course[35] - The academic committee has approved a comprehensive doctoral program proposal focused on education and leadership capabilities, which will include industry-oriented research components[34] - TOP is actively developing new courses targeting the local student market to mitigate potential negative impacts from future international student enrollment caps[32] Government and Compliance - The group received government grants totaling AUD 25,000 during the reporting period, which was not recorded in the previous year[13] - The IT sector has established a data security framework compliant with ISO27001 standards, emphasizing the importance of protecting student data[42] - The company has adhered to corporate governance standards during the reporting period[71] Future Plans and Proceeds Utilization - The remaining unutilized proceeds are expected to be used by the end of 2025, primarily due to the need for additional time for due diligence and feasibility studies[71] - 41.0% of the net proceeds are allocated for acquisitions or investments in education groups in China and Australia, totaling HKD 70.4 million, with HKD 21.0 million already used[69] - 27.8% of the net proceeds, amounting to HKD 47.8 million, are dedicated to developing "smart education" solutions, which have been fully utilized[69] Miscellaneous - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[66] - No significant events occurred after the reporting period[64] - The reporting period is from July 1, 2024, to December 31, 2024[78] - The company has adopted a share incentive plan since October 23, 2018[78] - The company has implemented a stock option plan since April 18, 2018[78] - The company is listed on the Hong Kong Stock Exchange[78] - The company operates under the Australian Higher Education Quality and Standards Agency established by the 2011 Act[78] - The executive directors include Dr. Xu Rongning, Ms. Huang Xingshi, and Mr. Yang Qingquan[77] - The non-executive directors include Mr. Li Guiping, Mr. Dai Yi, and Mr. Jiang Fucheng[77] - Independent non-executive directors include Mr. Wang Tianye, Professor Steven Schwartz, Mr. Jonathan Richard O'Dea, and Professor Dominic Robert Beresford[77] - The company refers to its shareholders as stockholders[78] - The currency used is the US dollar[78]
澳洲成峰高教(01752) - 2025 - 中期业绩