Bright Scholar Announces Unaudited Financial Results for the Second Quarter of Fiscal Year 2025

Core Viewpoint - Bright Scholar Education Holdings Limited reported its unaudited financial results for the second quarter of fiscal year 2025, showing a decline in total revenue but significant improvements in net income and operational efficiency [1][7][8]. Financial Highlights - Total revenue from continuing operations was GBP 43.8 million, a decrease of 9.7% from GBP 48.5 million in the same quarter last fiscal year [8][9]. - Revenue from the Schools segment was GBP 26.6 million, down 2.9% from GBP 27.3 million year-over-year [8][10]. - Revenue from Overseas Study Counselling increased by 6.2% to GBP 11.9 million from GBP 11.2 million [8][10]. - Revenue from Other segments decreased by 45.9% to GBP 5.3 million from GBP 10.0 million [8][10]. Profitability Metrics - Operating income from continuing operations was GBP 2.3 million, representing a 7.2% increase from GBP 2.2 million year-over-year [8][14]. - Adjusted operating income increased by 8.1% to GBP 2.7 million from GBP 2.5 million [8][14]. - Net income from continuing operations surged by 223.6% to GBP 3.2 million from GBP 1.0 million year-over-year [8][15]. - Adjusted net income grew by 179.5% to GBP 3.5 million from GBP 1.3 million [8][15]. Cost Management - Cost of revenue decreased to GBP 30.7 million from GBP 33.6 million year-over-year [11]. - Selling, General and Administrative (SG&A) expenses were GBP 11.2 million, down 13.7% from GBP 13.0 million [13]. - SG&A expenses as a percentage of revenue decreased by 1.2 percentage points to 25.5% [7][13]. Enrollment and Operational Efficiency - Total enrollment remained stable year-over-year at 2,669 students as of March 31, 2025 [7]. - Revenue per enrollment at U.S. schools improved by 14.2% year-over-year, indicating enhanced operational effectiveness [7]. Cash Position - As of February 28, 2025, the company had cash and cash equivalents of GBP 46.3 million, down from GBP 54.3 million as of August 31, 2024 [19].