Core Viewpoint - Bright Scholar Education Holdings Limited reported its unaudited financial results for the first quarter of fiscal year 2025, showing a decrease in total revenue and significant reductions in SG&A expenses, while highlighting growth in the Overseas Study Counselling segment [1][7][8]. Financial Performance - Total revenue from continuing operations was GBP 44.7 million, down 16.1% from GBP 53.3 million in the same quarter last fiscal year [8][9]. - Revenue from the Schools segment was GBP 25.7 million, a decrease of 9.0% year-over-year [3][9]. - Overseas Study Counselling revenue increased by 5.8% year-over-year to GBP 9.6 million [8][9]. - Revenue from Other segments fell by 40.9% to GBP 9.4 million [3][10]. Cost Management - SG&A expenses decreased by 33.0% year-over-year to GBP 8.4 million, down from GBP 12.6 million [13]. - The cost of revenue from continuing operations was GBP 31.7 million, compared to GBP 35.4 million for the same quarter last fiscal year [11]. Profitability Metrics - Gross profit was GBP 13.0 million, with a gross margin of 29.2%, down from 33.5% in the same quarter last fiscal year [12]. - Operating income was GBP 4.8 million, with an operating margin of 10.7%, compared to GBP 6.3 million and 11.8% respectively in the prior year [14]. - Net income from continuing operations was GBP 4.0 million, down from GBP 5.0 million year-over-year [8][15]. Strategic Initiatives - The company initiated a share repurchase plan, authorizing up to US$1.2 million for the next 12 months, reflecting a commitment to enhancing shareholder value [25][26]. - Management emphasized a focus on operational efficiency and a "dual-engine" growth strategy to capture market opportunities [7]. Segment Reporting Changes - Effective from the first quarter of fiscal year 2025, the company updated its segment reporting to better align with strategic priorities, now categorizing operations into Schools, Overseas Study Counselling, and Others [4][24].
Bright Scholar Announces Unaudited Financial Results for the First Quarter of Fiscal Year 2025