Overseas Education Income Statement

Financials in millions SGD. Fiscal year is January - December.

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	85.5	87.78	87.33	76.22	74.51	78.83
Other Revenue	0.03	0.03	0.02	0.05	0.03	0.1
Revenue	85.53	87.81	87.36	76.27	74.54	78.94
Revenue Growth (YoY)	-3.95%	0.52%	14.53%	2.33%	-5.57%	-3.71%
Cost of Revenue	56	54.9	53.23	48.72	48.83	47.37
Gross Profit	29.53	32.91	34.12	27.56	25.71	31.57
Selling, General & Admin	1.24	1.24	1.24	1.24	1.24	1.24
Amortization of Goodwill & Intangibles	0.38	0.39	0.36	0.36	0.38	0.43
Other Operating Expenses	8.1	7.89	6.72	6.09	5.19	4.73
Operating Expenses	20.68	20.38	19.45	19.95	19.07	18.6
Operating Income	8.85	12.53	14.67	7.6	6.64	12.97
Interest Expense	-5.64	-4.68	-5.69	-0.72	-2.11	-3.03
Interest & Investment Income	0.6	0.72	0.47	0.09	0.02	0.12
Other Non Operating Income (Expenses)	-0.1	-0.1	-0.11	-0.1	-0.11	-0.11
EBT Excluding Unusual Items	3.71	8.46	9.34	6.87	4.44	9.94
Gain (Loss) on Sale of Assets	0.01	0.01	0.01	-0.01	-0.01	0.01
Asset Writedown	-0.06	-0.06	-0.01	-	-	-
Other Unusual Items	-	-	-	-	3.53	2.99
Pretax Income	3.67	8.41	9.34	6.87	7.96	12.94
Income Tax Expense	1.47	2.14	2.61	1.59	1.63	2.64
Net Income	2.19	6.27	6.73	5.28	6.33	10.3
Net Income to Common	2.19	6.27	6.73	5.28	6.33	10.3
Net Income Growth	-70.89%	-6.80%	27.43%	-16.66%	-38.49%	28.59%
Shares Outstanding (Basic)	415	415	415	415	415	415
Shares Outstanding (Diluted)	415	415	415	415	415	415
EPS (Basic)	0.01	0.02	0.02	0.01	0.02	0.02
EPS (Diluted)	0.01	0.02	0.02	0.01	0.02	0.02
EPS Growth	-70.89%	-6.79%	27.43%	-16.65%	-38.49%	28.58%
Free Cash Flow	19.1	19.24	25.16	30.54	16.79	24.04
Free Cash Flow Per Share	0.05	0.05	0.06	0.07	0.04	0.06
Dividend Per Share	0.012	0.012	0.013	0.011	0.013	0.023
Dividend Growth	-7.69%	-7.69%	18.18%	-15.38%	-43.48%	-16.36%
Gross Margin	34.53%	37.48%	39.06%	36.13%	34.50%	39.99%
Operating Margin	10.35%	14.27%	16.79%	9.97%	8.91%	16.43%
Profit Margin	2.57%	7.14%	7.70%	6.92%	8.50%	13.04%
Free Cash Flow Margin	22.34%	21.91%	28.80%	40.04%	22.53%	30.46%
EBITDA	17.75	21.45	23.9	17.16	16.26	22.63
EBITDA Margin	20.75%	24.43%	27.35%	22.50%	21.82%	28.67%
D&A For EBITDA	8.9	8.92	9.23	9.56	9.62	9.67
EBIT	8.85	12.53	14.67	7.6	6.64	12.97
EBIT Margin	10.35%	14.27%	16.79%	9.97%	8.91%	16.43%
Effective Tax Rate	40.17%	25.49%	27.99%	23.12%	20.47%	20.42%
Revenue as Reported	86.13	88.52	87.83	76.36	74.56	79.05

Source: S&P Global Market Intelligence. Standard template. Financial Sources.