June 23, 2025
EduFocal Limited (LEARN)
Unaudited financials for the first quarter ended March 31, 2025:
EduFocal Limited (LEARN) for the first quarter ended March 31, 2025, reported a marginal decrease in revenue totaling $29.97 million compared to $30.01 million in the corresponding three months last year.
Year to date, administrative & operating expenses amounted to $12.88 million (2024: $34.16 million), this represents a decrease of 62% year over year. Consequently, depreciation and amortization decreased by 97% to $226,719 compared to $7.31 million for the first quarter ended March 31, 2024.
Impairment loss on financial assets increased by 900% to close at $11.25 million (2024: $1.13 million). Consequently, operating profit amounted to $5.61 million in the period under review (2024: operating loss of $12.59 million). Net finance costs for the first quarter amounted to $6.95 million, an 18% decrease relative to $8.48 million reported in 2024.
Loss Before Taxation for the three months amounted to $1.34 million, a 94% decrease relative to $20.87 million reported in 2024. No tax charge was incurred in the period under review (2024: nil).
Net loss for the first quarter ended March 31, 2025, amounted to $1.34 million, a 94% decrease compared to $20.87 million reported in 2024.
Loss attributable to Owners of Edufocal Ltd amounted to $1.25 million (2024: loss of 20.87 million).
Consequently, Loss Per Share for the three months amounted to $0.002 (2024: LPS: $0.03). The twelve-month trailing LPS was $0.06, and the number of shares used in these calculations was 648,446,094. Notably, LEARN’s stock price closed the trading period on June 20, 2025, at a price of $0.22.
Balance Sheet Highlights
The company’s assets totaled $235.41 million (2024: $228.68 million). The movement in total assets was influenced by 31% increase in ‘Receivables and prepayments’ amounting to $34.00 million (2024: $25.88 million) and an $8.08 million increase in ‘Intangible assets’ amounting to $162.77 million (2024: $154.69 million). Additionally, ‘Cash and Cash equivalents’ increased by $697,613 to reach $914, 348 (2024: $216,735).
Shareholders’ deficit was $133.66 million (2024: shareholders’ deficit of $93.36 million), representing a shareholder’s deficit per share of $0.21 (2024: shareholders’ deficit of $0.14).
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