February 2, 2026
EduFocal Limited(LEARN)
Unaudited financials for the nine months ended September 30, 2025:
EduFocal Limited (LEARN) for the nine months ended September 30, 2025, reported a 33% decrease in Revenue, totalling $55.73 million compared to $82.98 million in the corresponding period last year. Revenue for the third quarter decreased by 42%, closing at $12.57 million relative to $21.79 million for the comparable quarter of 2024.
Administrative expenses amounted to $24.22 million (2024: $91.37 million), representing a 73% decrease year over year. Additionally, depreciation and amortisation decreased by 87%, totalling $1.34 million compared to $10.28 million for the nine months ended September 30, 2024. The company booked depreciation and amortisation of $500,878 for the third quarter versus $181,820 reported for the similar quarter of 2024. Impairment loss on financial assets increased by 218%, closing at $17.50 million (2024: $5.50 million)
Consequently, Operating Profit amounted to $12.67 million, a relative turnaround from the operating loss of $24.17 million for the period under review.
Net finance costs for the nine months ended September 30, 2025, amounted to $23.11 million, a 25% decrease relative to $30.70 million reported in 2024.
Loss Before Taxation for the nine months ended September 30, 2025, amounted to $10.43 million, an 81% improvement relative to the $54.55 million reported in 2024. Loss Before Taxation for the third quarter amounted to $9.62 million (2024: loss of $14.89 million). No tax charge was incurred for the period, consistent with the corresponding period last year (2024: nil).
Net loss attributable to shareholders for the nine months ended September 30, 2025, amounted to $10.43 million, an 81% improvement relative to the $54.26 million reported in 2024. Net Profit attributable to shareholders for the third quarter amounted to $9.56 million (2024: $14.82 million).
Consequently, Loss Per Share for the nine months amounted to $0.02 (2024: LPS: $0.08), while Loss Per Share for the quarter totalled $0.01 (2024: LPS: $0.02). The twelve-month trailing LPS was $0.02, and the number of shares used in these calculations was 648,446,094.
Notably, LEARN’s stock price closed the trading period on January 30, 2026, at a price of $0.31.
Balance Sheet Highlights
The company’s assets totalled $197.61 million (2024: $241.18 million). The movement in total assets was influenced by 9% decrease in ‘Director’s Account’ amounting to $26.66 million (2024: $38.71 million).
Shareholders’ deficit was $142.75 million (2024: shareholders’ deficit of $123.74 million).
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
