Bright Scholar Education Holdings Limited reported its unaudited financial results for the second quarter of fiscal year 2025, ended February 28, 2025. The company announced a significant increase in net income from continuing operations, which surged by 223.6% year-over-year to GBP3.2 million. Adjusted net income also saw substantial growth, rising by 179.5% to GBP3.5 million compared to the same quarter last fiscal year.
Total revenue from continuing operations for the quarter was GBP43.8 million, a 9.7% decrease year-over-year. However, the Overseas Study Counselling business demonstrated strong performance, with revenue increasing by 6.2% year-over-year to GBP11.9 million due to recruitment growth. Selling, General and Administrative (SG&A) expenses decreased by 13.7% year-over-year to GBP11.2 million, improving the SG&A to revenue ratio by 1.2 percentage points to 25.5%.
The company maintained stable total enrollment at 2,669 students as of March 31, 2025, and achieved a 14.2% year-over-year improvement in revenue per enrollment at its U.S. schools. Operating income increased by 7.2% to GBP2.3 million. As of February 28, 2025, Bright Scholar held cash and cash equivalents and restricted cash of GBP46.3 million.
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