Ambow Education Announces Second Quarter and First Half of 2025 Financial and Operating Results

Core Insights - Ambow Education Holding Ltd. reported strong financial performance in the first half of 2025, driven by the adoption of its HybriU platform, which integrates physical and digital learning solutions [3][4][7] Financial Highlights - Net revenues for Q2 2025 increased by 16.7% to $2.8 million from $2.4 million in Q2 2024, primarily due to HybriU [4] - Gross profit for Q2 2025 rose by 15.4% to $1.5 million, with a gross profit margin of 53.6% compared to 54.2% in Q2 2024 [4] - Operating expenses for Q2 2025 decreased by 15.4% to $1.1 million, mainly due to reduced rental expenses [5] - Net income attributable to ordinary shareholders for Q2 2025 was $1.8 million, or $0.03 per share, compared to $0.1 million in Q2 2024 [6] - For the first six months of 2025, net revenues increased by 6.3% to $5.1 million from $4.8 million in the same period of 2024 [7] - Operating income improved to $0.5 million for the first six months of 2025, compared to an operating loss of $0.4 million in the same period of 2024 [9] HybriU Platform Developments - HybriU's net revenues reached $1.2 million in the first half of 2025, compared to no revenues in the first half of 2024 [8] - The company established partnerships with Colorado State University and the University of the West to enhance the phygital learning experience [8] - New HybriU products for corporate applications were launched, including HybriU Conferencing and HybriU Knowledge Capture [8] - The HybriU Global Learning Network was introduced in July to connect U.S. institutions with students worldwide [8] Cash Position - As of June 30, 2025, Ambow maintained cash resources of $11.3 million, consisting of $4.0 million in cash and cash equivalents and $7.3 million in restricted cash [6]