2025-10-28 12:39Financial Performance - Total net revenues for the first fiscal quarter of 2026 increased by 6.1% year over year to US$1,523.0 million[4] - Operating income rose by 6.0% year over year to US$310.8 million, with a non-GAAP operating income increase of 11.3% to US$335.5 million[11] - Net income attributable to New Oriental decreased by 1.9% year over year to US$240.7 million, with basic and diluted net income per ADS at US$1.52 and US$1.50, respectively[15] - Net revenues for the three months ended August 31, 2025, were $1,522,980, an increase of 6.1% compared to $1,435,416 in the same period of 2024[35] - Operating income for the same period was $310,827, representing a 6.3% increase from $293,150 year-over-year[35] - Net income attributable to New Oriental's shareholders was $240,723, slightly down from $245,430 in the previous year, reflecting a decrease of 1.1%[35] - Non-GAAP net income attributable to New Oriental was $258,255, compared to $262,411 in the prior year, indicating a decrease of 1.9%[36] - The diluted net income per ADS attributable to New Oriental was $1.52 for the three months ended August 31, 2025, compared to $1.49 in the same period of 2024, reflecting an increase of 2.0%[36] Revenue Guidance - New Oriental expects total net revenues for the second quarter of fiscal year 2026 to be in the range of US$1,132.1 million to US$1,163.3 million, representing a year-over-year increase of 9% to 12%[20] - The full-year revenue guidance for fiscal year 2026 is projected to be between US$5,145.3 million and US$5,390.3 million, indicating a year-over-year increase of 5% to 10%[21] Deferred Revenue - The company reported a 10.0% increase in deferred revenue, reaching US$1,906.7 million compared to US$1,733.1 million at the end of the first quarter of fiscal year 2025[19] Cash and Investments - Cash and cash equivalents as of August 31, 2025, totaled US$1,282.3 million, with additional term deposits of US$1,570.2 million and short-term investments of US$2,178.1 million[18] - Cash and cash equivalents decreased to $1,282,311 as of August 31, 2025, down from $1,612,379 as of May 31, 2025[34] - Total assets increased to $8,012,925 as of August 31, 2025, compared to $7,805,499 as of May 31, 2025, reflecting a growth of 2.7%[34] - Total liabilities decreased to $3,754,521 as of August 31, 2025, down from $3,851,767 as of May 31, 2025, a reduction of 2.5%[34] - Net cash provided by operating activities was $192,318 for the three months ended August 31, 2025, compared to $183,210 in the same period of 2024, an increase of 5.8%[39] - The company reported a net cash used in investing activities of $(451,712) for the three months ended August 31, 2025, compared to $(295,156) in the same period of 2024, indicating increased investment activity[39] Shareholder Returns - The board approved a three-year shareholder return plan, committing to return at least 50% of net income to shareholders, starting with fiscal year 2026[7] - A new share repurchase program allows for the repurchase of up to US$300 million of ADSs or common shares over the next 12 months[12] Operating Margin - The company maintained a non-GAAP operating margin of 22.0%, up 100 basis points from the previous year[6]