Overseas Education Income Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	83.42	87.78	87.33	76.22	74.51
Other Revenue	0.02	0.03	0.02	0.05	0.03
Revenue	83.44	87.81	87.36	76.27	74.54
Revenue Growth (YoY)	-4.97%	0.52%	14.53%	2.33%	-5.57%
Cost of Revenue	57.26	54.9	53.23	48.72	48.83
Gross Profit	26.18	32.91	34.12	27.56	25.71
Selling, General & Admin	-	1.24	1.24	1.24	1.24
Amortization of Goodwill & Intangibles	0.38	0.39	0.36	0.36	0.38
Other Operating Expenses	8.66	7.89	6.72	6.09	5.19
Operating Expenses	20.8	20.38	19.45	19.95	19.07
Operating Income	5.39	12.53	14.67	7.6	6.64
Interest Expense	-4.29	-4.68	-5.69	-0.72	-2.11
Interest & Investment Income	0.45	0.72	0.47	0.09	0.02
Other Non Operating Income (Expenses)	-0.12	-0.1	-0.11	-0.1	-0.11
EBT Excluding Unusual Items	1.43	8.46	9.34	6.87	4.44
Gain (Loss) on Sale of Assets	-	0.01	0.01	-0.01	-0.01
Asset Writedown	-	-0.06	-0.01	-	-
Other Unusual Items	-	-	-	-	3.53
Pretax Income	1.43	8.41	9.34	6.87	7.96
Income Tax Expense	1.23	2.14	2.61	1.59	1.63
Net Income	0.21	6.27	6.73	5.28	6.33
Net Income to Common	0.21	6.27	6.73	5.28	6.33
Net Income Growth	-96.71%	-6.80%	27.43%	-16.66%	-38.49%
Shares Outstanding (Basic)	415	415	415	415	415
Shares Outstanding (Diluted)	415	415	415	415	415
EPS (Basic)	0.00	0.02	0.02	0.01	0.02
EPS (Diluted)	0.00	0.02	0.02	0.01	0.02
EPS Growth	-96.72%	-6.79%	27.43%	-16.65%	-38.49%
Free Cash Flow	14.84	19.24	25.16	30.54	16.79
Free Cash Flow Per Share	0.04	0.05	0.06	0.07	0.04
Dividend Per Share	0.007	0.012	0.013	0.011	0.013
Dividend Growth	-41.67%	-7.69%	18.18%	-15.38%	-43.48%
Gross Margin	31.38%	37.48%	39.06%	36.13%	34.50%
Operating Margin	6.46%	14.27%	16.79%	9.97%	8.91%
Profit Margin	0.25%	7.14%	7.70%	6.92%	8.50%
Free Cash Flow Margin	17.79%	21.91%	28.80%	40.04%	22.53%
EBITDA	13.75	21.45	23.9	17.16	16.26
EBITDA Margin	16.48%	24.43%	27.35%	22.50%	21.82%
D&A For EBITDA	8.36	8.92	9.23	9.56	9.62
EBIT	5.39	12.53	14.67	7.6	6.64
EBIT Margin	6.46%	14.27%	16.79%	9.97%	8.91%
Effective Tax Rate	85.62%	25.49%	27.99%	23.12%	20.47%
Revenue as Reported	83.89	88.52	87.83	76.36	74.56

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