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TAL Education Group Announces Unaudited Financial Results for the Fourth Fiscal Quarter and the Fiscal Year 2025
TALTAL(TAL) Prnewswire·2025-04-24 09:00

Core Insights - TAL Education Group reported a significant increase in net revenues for both the fourth quarter and the fiscal year ended February 28, 2025, with a 42.1% increase in Q4 and a 51.0% increase for the fiscal year compared to the previous year [4][6][24] - Despite the revenue growth, the company experienced losses in both the fourth quarter and the fiscal year, with a net loss of 7.3millioninQ4andanetincomeof7.3 million in Q4 and a net income of 84.6 million for the fiscal year, a substantial turnaround from a net loss of 3.6millionintheprioryear[5][36]−Thecompanycontinuestoinvestinitslearningsolutions,reflectingpositiveuserfeedbackandagrowingdemandforholisticeducationalprograms[7][40]FinancialResultsfortheFourthQuarterofFiscalYear2025−Netrevenuesreached3.6 million in the prior year [5][36] - The company continues to invest in its learning solutions, reflecting positive user feedback and a growing demand for holistic educational programs [7][40] Financial Results for the Fourth Quarter of Fiscal Year 2025 - Net revenues reached 610.2 million, up from 429.6millioninthesameperiodlastyear[5][7]−Lossfromoperationsincreasedto429.6 million in the same period last year [5][7] - Loss from operations increased to 16.0 million from 11.1millionyear−over−year[5][15]−Non−GAAPlossfromoperationswas11.1 million year-over-year [5][15] - Non-GAAP loss from operations was 1.7 million, a decline from a non-GAAP income of 9.4millionintheprioryear[5][15]−NetlossattributabletoTALwas9.4 million in the prior year [5][15] - Net loss attributable to TAL was 7.3 million, compared to a net income of 27.5millioninthesameperiodlastyear[5][19]−Cash,cashequivalents,andshort−terminvestmentstotaled27.5 million in the same period last year [5][19] - Cash, cash equivalents, and short-term investments totaled 3,618.4 million as of February 28, 2025, an increase from 3,303.3millionayearearlier[5][22]FinancialResultsfortheFiscalYearEndedFebruary28,2025−Totalnetrevenuesforthefiscalyearwere3,303.3 million a year earlier [5][22] Financial Results for the Fiscal Year Ended February 28, 2025 - Total net revenues for the fiscal year were 2,250.2 million, compared to 1,490.4millioninthepreviousyear[6][24]−Lossfromoperationssignificantlydecreasedto1,490.4 million in the previous year [6][24] - Loss from operations significantly decreased to 3.2 million from 69.2millionintheprioryear[6][32]−Non−GAAPincomefromoperationsroseto69.2 million in the prior year [6][32] - Non-GAAP income from operations rose to 61.8 million, up from 19.7millioninthepreviousyear[6][32]−NetincomeattributabletoTALwas19.7 million in the previous year [6][32] - Net income attributable to TAL was 84.6 million, a substantial improvement from a net loss of 3.6millionintheprioryear[6][36]−Thecompanyreportedagrossprofitof3.6 million in the prior year [6][36] - The company reported a gross profit of 1,200.3 million, an increase of 48.9% from 806.1millioninthepreviousyear[6][31]OperatingCostsandExpenses−Operatingcostsandexpensesforthefourthquarterwere806.1 million in the previous year [6][31] Operating Costs and Expenses - Operating costs and expenses for the fourth quarter were 628.8 million, a 41.2% increase from 445.4millioninthesameperiodlastyear[8][26]−Sellingandmarketingexpensessurgedby73.1445.4 million in the same period last year [8][26] - Selling and marketing expenses surged by 73.1% to 218.0 million from 125.9millionintheprioryear[10][28]−Generalandadministrativeexpensesincreasedslightlyby0.8125.9 million in the prior year [10][28] - General and administrative expenses increased slightly by 0.8% to 118.2 million from 117.2millionyear−over−year[11][29]ShareRepurchaseProgram−Thecompany′sboardhasauthorizedanextensionofitssharerepurchaseprogramforanother12months,allowingfortherepurchaseofuptoapproximately117.2 million year-over-year [11][29] Share Repurchase Program - The company's board has authorized an extension of its share repurchase program for another 12 months, allowing for the repurchase of up to approximately 490.7 million of its common shares [40]