July 16, 2025
One on One Educational Services Limited(ONE)
Unaudited financials for the nine months ended May 31, 2025:
One on One Educational Services Limited (ONE) for the nine months ended May 31, 2025, reported a 31% increase in Revenues totaling $270.39 million compared to $206.27 million in the corresponding period last year. Revenues for the third quarter had a 6% increase to close at $100.54 million compared to $94.90 million for the comparable quarter of 2024.
Year to date, Direct cost amounted to $74.50 million (2024: $48.25 million) representing an increase of 54% year over year. Consequently, Gross profit increased by 24% to $195.89 million compared to $158.02 million for the nine months ended May 31, 2024. The company booked gross profit of $80.39 million for the third quarter versus $78.48 million reported for the similar quarter of 2024.
Year to date, other income increased by 48% to close at $1.84 million (2024: $1.25 million), while administrative expenses decreased by 16% from $138.23 million in 2024 to $116.29 million in the period under review. Additionally, selling expense for the nine months ended May 31, 2025, amounted to $12.28 million, a 33% decrease relative to $18.31 million reported in 2024.
Operating Profit for the nine months ended May 31, 2025, amounted to $69.16 million, a 2435% increase relative to $2.73 million reported in 2024. Operating Profit for the third quarter amounted to $40.71 million (2024: $34.72 million). Finance costs totaled $13.35 million, a 14% increase from the corresponding period last year (2024: $11.74 million).
Profit Before Taxation for the nine months ended May 31, 2025, amounted to $55.81 million, a 719% increase relative to the loss of $9.02 million reported in 2024. Profit Before Taxation for the third quarter amounted to $36.62 million (2024: $31.54 million).
The tax charge incurred for the nine months ended May 31, 2025, had a 91% decrease to reach $737,628 (2024: $8.27 million). Net Profit for the nine months amounted to $55.08 million, a 419% increase from the net loss of $17.29 million reported in 2024. For the third quarter, Net Profit was $36.69 million (2024: $24.16 million).
Consequently, Earnings Per Share for the nine months amounted to $0.03 (2024: LPS: $0.01), while Earnings Per Share for the quarter totaled $0.02 (2024: EPS: $0.01). The twelve-month trailing EPS was $0.04 and the number of shares used in these calculations was 1,900,000,000.
Notably, ONE’s stock price closed the trading period on July 15, 2025, at a price of $0.89 with a corresponding P/E ratio of 23.07x.
Balance Sheet Highlights
The company’s assets totaled $707.01 million (2024: $628.31 million). The movement in total assets was mainly attributable to a 20% increase in ‘Intangible assets’ amounting to $393.61 million (2024: $328.00 million). Additionally, ‘Trade and other receivables’ increased by 21% amounting to $159.59 million (2024: $131.69 million).
Shareholders’ equity was $460.10 million (2024: $386.79 million), representing a book value per share of $0.24 (2024: $0.20).
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