May 1, 2026
EduFocal Limited (LEARN)
Audited financials for the twelve months ended December 31, 2025:
EduFocal Limited (LEARN) for the twelve months ended December 31, 2025, reported a 28% decline in revenue, totaling J$70.27 million, compared to J$97.17 million in the corresponding period of 2024.
Administrative and operating expenses fell sharply to J$46.36 million from J$332.44 million in 2024 reflecting an 86% reduction. Consequently, the Group reported an Operating Profit of J$23.90 million (2024: Operating Loss of J$235.27 million).
Below the operating line, the Group recorded an Impairment Loss on Financial Assets of J$23.75 million (2024: positive J$216.45 million reversal/credit related to expected credit loss provisioning on trade receivables and related-party balances). After impairments, Profit Before Finance Costs amounted to J$0.15 million, compared to a Loss of J$21.58 million in 2024. Net Finance Costs of J$29.58 million (2024: J$30.95 million) driven by Loans Interest Expense of J$30.14 million on an unchanged debt base fully consumed operating gains.
Loss Before Taxation amounted to J$29.43 million, a 44% improvement over the J$52.53 million loss reported in 2024. No tax charge was recognized for the period (2024: J$5.44 million). As a result, Net Loss totaled J$29.43 million versus J$57.97 million in 2024 — a 49% narrowing. Of the total comprehensive loss, J$29.25 million was attributable to stockholders of the Company and J$0.18 million to non-controlling interests.
Consequently, Loss Per Share for FY2025 amounted to J$(0.04) (2024: LPS of J$(0.08)). The number of shares used in these calculations was 648,446,094. Notably, EduFocal’s stock price closed on April 30, 2026 at a price of J$0.25.
Balance Sheet Highlights
The Company’s assets totaled J$203.14 million (2024: J$233.32 million), a 13% reduction year over year.
The movement in total assets was influenced by a 51% decrease in ‘Director’s Account’ amounting to J$18.74 million (2024: J$38.38 million), a J$4.63 million decline in ‘Intangible assets’ to J$153.09 million (2024: J$157.72 million), and a J$2.97 million decrease in ‘Receivables’ to J$25.57 million (2024: J$28.54 million).
Notably, ‘Cash and Cash equivalents’ decreased by J$2.39 million to reach J$104,315 (2024: J$2.49 million), a 96% contraction reflecting acute liquidity pressure during the year.
Shareholders’ deficit widened to J$161.75 million (2024: shareholders’ deficit of J$127.83 million), representing a shareholders’ deficit per share of J$(0.25) (2024: shareholders’ deficit per share of J$(0.20)).
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