Financial Performance - The group's revenue increased by 23.0% from HKD 157,100,000 to HKD 193,200,000 for the fiscal year ending July 31, 2025[6]. - The group's loss increased by 5.3% from HKD 23,300,000 to HKD 24,500,000 for the same period[6]. - Adjusted loss decreased by 22.1% from HKD 21,900,000 to HKD 17,100,000[6]. - Total comprehensive loss for the year was HKD 24,806,000 compared to HKD 23,297,000 in the previous year[7]. - The group reported a basic and diluted loss per share of HKD 4.80, slightly improved from HKD 4.85 in the previous year[7]. - For the fiscal year ending July 31, 2025, the group recorded a loss of approximately HKD 24,525,000[12]. - The company reported a pre-tax loss attributable to owners of HKD 24,375,000 in 2025, slightly improved from a loss of HKD 24,615,000 in 2024, resulting in a basic loss per share of HKD 4.80 compared to HKD 4.85[33]. - The group recorded a loss of HKD 24.5 million for the year ending July 31, 2025, compared to a loss of HKD 23.3 million in 2024, primarily due to rising operating expenses[74]. Revenue Breakdown - The group generated total revenue of HKD 193,169,000 for the year 2025, representing an increase of 22.9% from HKD 157,084,000 in 2024[21]. - Revenue from private secondary school auxiliary education services was HKD 100,643,000 in 2025, up from HKD 95,481,000 in 2024, reflecting a growth of 4.1%[21]. - Revenue from private secondary day school services increased to HKD 16,261,000 in 2025 from HKD 12,553,000 in 2024, marking a growth of 29.5%[21]. - Revenue from external customers in Hong Kong was HKD 150,235,000 in 2025, compared to HKD 140,556,000 in 2024, indicating a growth of 6.0%[23]. - Revenue from school services surged by HKD 17,400,000 or 61.7% from HKD 28,200,000 to HKD 45,600,000, driven by increases in both mainland China and Hong Kong[65]. - Consulting services revenue rose significantly by HKD 10,900,000 or 252.1% to HKD 15,200,000, primarily due to the opportunities created by the Greater Bay Area integration policy[57]. - Revenue from supplementary education services and products increased by HKD 9,800,000 or 47.1% to HKD 30,700,000, with consulting services contributing an additional HKD 11,000,000[65]. - Revenue from the private secondary school support services grew by HKD 5,200,000 or 5.4% to HKD 100,600,000, supported by a diversified course offering strategy[64]. Assets and Liabilities - Cash and cash equivalents as of July 31, 2025, amounted to HKD 86,700,000, up from HKD 76,600,000 in 2024[4]. - The group's net assets decreased from HKD 54,123,000 in 2024 to HKD 29,250,000 in 2025[9]. - Non-current assets decreased from HKD 73,160,000 in 2024 to HKD 60,849,000 in 2025[8]. - Current liabilities increased from HKD 133,938,000 in 2024 to HKD 158,171,000 in 2025[8]. - As of July 31, 2025, the group's total current liabilities net amount was approximately HKD 26,908,000, including bank loans of HKD 71,857,000 that are repayable on demand[12]. - The group's debt-to-equity ratio increased to 325.1% as of July 31, 2025, compared to 189.0% in 2024, indicating a significant rise in leverage[79]. Operational Highlights - The company operates a network of 11 teaching centers and 75 classrooms in Hong Kong, accommodating up to 2,052 students[45]. - The company plans to diversify its educational services, including the introduction of international courses such as A-Level and IB programs[51]. - The company aims to leverage the growing demand for personalized services, contributing to revenue growth through increased enrollment in small group and one-on-one tutoring[51]. - The company has successfully optimized its teaching center network, despite a 5% reduction in maximum classroom capacity[51]. Employee and Operational Costs - Total employee costs rose to HKD 85,702,000 in 2025, up from HKD 69,835,000 in 2024, with other employee costs increasing significantly by 26% to HKD 78,014,000[26]. - Employee costs increased by HKD 15.9 million or 22.7% from HKD 69.8 million in 2024 to HKD 85.7 million in 2025, primarily due to business expansion in Hong Kong and mainland China[68]. - Tutor service fees rose by HKD 5.7 million or 16.9% from HKD 33.7 million in 2024 to HKD 39.4 million in 2025, driven by growth in school service offerings[69]. - Advertising and promotional expenses surged by HKD 2.6 million or 45.9% from HKD 5.7 million in 2024 to HKD 8.3 million in 2025, reflecting increased marketing efforts in mainland China[71]. - Printing and other operating expenses increased by HKD 13.2 million or 27.2% from HKD 48.5 million in 2024 to HKD 61.6 million in 2025, mainly due to support for study tour business and growth in private education services[72]. Governance and Risk Management - The company has appointed an external consultant to conduct an enterprise risk assessment and perform internal audit functions to review the effectiveness of its risk management and internal control systems for the fiscal year ending July 31, 2025[85]. - The internal audit will cover key areas including risk management systems, financial reporting processes, revenue and collections, and compliance with corporate governance codes[85]. - The board has confirmed that the risk management and internal control systems are appropriate and effective, and that procedures comply with listing rules and regulations[85]. Future Plans and Investments - The company does not have any specific future plans for significant investments or capital assets for the fiscal year ending July 31, 2025[90]. - The company plans to launch proprietary AI teaching tools to enhance service quality and support Hong Kong's development as an international education hub[61]. Shareholder Information - The annual general meeting is scheduled for December 19, 2025, with relevant documents to be published and sent to shareholders in due course[112]. - The company will suspend share transfer registration from December 16 to December 19, 2025, to determine voting rights for the upcoming annual general meeting[113]. - The preliminary announcement and annual report for the year ending July 31, 2025, will be published on the stock exchange and the company's website[114].
精英汇集团(01775) - 2025 - 年度业绩