Bright Scholar Q2 revenue down 9.6% to £43.8mln, net income up 224% to £3.2mln.

• Bright Scholar reports Q2 FY25 net income of GBP3.2 million, up 223.6% YoY. • Total revenue from continuing operations was GBP43.8 million, down from GBP48.5 million YoY. • Revenue from Schools was GBP26.6 million, down from GBP27.3 million YoY. • Revenue from Overseas Study Counselling increased by 6.2% to GBP11.9 million. • Operating income from continuing operations was GBP2.3 million, up 7.2% YoY.

Bright Scholar Education Holdings Limited (NYSE: BEDU) has announced its unaudited financial results for the second quarter of fiscal year 2025, which ended February 28, 2025. The company reported a significant increase in net income, driven by strong performance in its Overseas Study Counselling segment.

Key financial highlights include:

- Net Income: Bright Scholar's net income from continuing operations increased by 223.6% year-over-year (YoY) to GBP3.2 million [1].
- Total Revenue: Total revenue from continuing operations decreased to GBP43.8 million, a 9.7% decrease from the same quarter last year [1].
- Segment Revenue:
- Schools: Revenue from the Schools segment decreased to GBP26.6 million, a 2.9% decrease from the same quarter last year [1].
- Overseas Study Counselling: Revenue from this segment increased by 6.2% to GBP11.9 million [1].
- Operating Income: Operating income from continuing operations increased by 7.2% YoY to GBP2.3 million [1].

Bright Scholar's Chief Executive Officer, Robert Niu, commented on the results, highlighting the company's "dual-engine" strategy that combines global expansion and student recruitment. He noted that the company's Schools business has shown resilience amidst external headwinds, while Overseas Study Counselling has seen growth due to recruitment gains.

The company's Chief Financial Officer, Cindy Zhang, emphasized the improved operational efficiency and profitability, attributing the increase in net income to a 13.7% decrease in SG&A expenses. She also noted that the company will continue to balance growth initiatives with cost management in the second half of the fiscal year.

Bright Scholar will host an earnings conference call at 7:00 a.m. U.S. Eastern Time (7:00 p.m. Beijing/Hong Kong Time) on April 28, 2025, to discuss the results in more detail.

[1] https://www.prnewswire.com/news-releases/bright-scholar-announces-unaudited-financial-results-for-the-second-quarter-of-fiscal-year-2025-302439475.html