TAL(US:TAL) Zhong Guo Jing Ji Wang·2025-10-31 07:08Core Viewpoint - The company, TAL Education Group, reported significant growth in its financial performance for the second quarter of fiscal year 2026, indicating a strong recovery and positive momentum in its core business segments. Financial Performance Summary - For the second quarter of fiscal year 2026, net revenue reached $861.35 million, up from $619.36 million in the same period last year, representing a 39.1% increase [2][7]. - Operating profit for the same quarter was $96.10 million, compared to $47.62 million in the previous year, marking a 101.8% increase [2][7]. - Non-GAAP operating profit (excluding stock-based compensation) was $107.85 million, up from $64.52 million, reflecting a 67.2% increase [2][7]. - The net profit attributable to TAL was $124.08 million, significantly higher than $57.43 million in the prior year, showing a 116.1% increase [3][7]. - Non-GAAP net profit attributable to TAL was $135.84 million, compared to $74.33 million, an increase of 82.7% [3][7]. Half-Year Performance Summary - For the six months ending August 31, 2025, net revenue totaled $1.44 billion, up from $1.03 billion year-over-year, a growth of 39.0% [4][9]. - Operating profit for the half-year was $110.44 million, a substantial increase from $30.29 million, representing a 264.6% rise [5][9]. - Non-GAAP operating profit for the half-year was $132.96 million, compared to $65.40 million, reflecting a 103.3% increase [5][9]. - The net profit attributable to TAL for the half-year was $155.37 million, up from $68.83 million, a 125.7% increase [6][9]. - Non-GAAP net profit attributable to TAL for the half-year was $177.88 million, compared to $103.94 million, an increase of 71.1% [6][9]. Earnings Per ADS - Basic and diluted net profit per ADS for the second quarter were $0.22 and $0.21, respectively, compared to $0.09 in the previous year, marking increases of 129.6% and 130.0% [3][7]. - Non-GAAP basic and diluted net profit per ADS were both $0.24, up from $0.12, reflecting increases of 94.2% and 94.6% [8]. Strategic Focus - The company's President and CFO, Peng Zhuangzhuang, emphasized progress in core business areas, with revenue growth in quality courses and learning devices, supported by ongoing investments in user experience, technology, and educational innovation [9]. - The company aims to prioritize resources in core areas critical for long-term development, focusing on providing innovative learning solutions and quality educational content to a broader audience [9].