April 15, 2026
One on One Educational Services Limited (ONE)
Unaudited financials for the six months ended February 28, 2026:
One on One Educational Services Limited (ONE) for the six months ended February 28, 2026 reported revenues of $164.96 million, a decrease of 2.9% compared to $169.89 million in the corresponding period last year. Revenues for the second quarter, however, increased by 4.8% , amounting to $81.76 million compared to $78.05 million for the comparable quarter of FY2025.
Year to date, Direct Costs amounted to $31.52 million (2025: $54.35 million), representing a significant decrease of 42.0% year over year. Consequently, Gross Profit increased by 15.5% to $133.43 million compared to $115.55 million for the six months ended February 28, 2025. The Company booked Gross Profit of $65.03 million for the second quarter versus $55.54 million reported for the similar quarter of FY2025, an increase of 17.1%. Gross Margin for the six-month period strengthened significantly to 80.9%, up from 68.0% in the corresponding period of FY2025.
Year to date, Other Income increased by 162.4% to close at $3.11 million (FY2025: $1.19 million), while Administrative Expenses decreased by 6.3% from $79.10 million in 2025 to $74.08 million in the period under review. Additionally, Selling Expenses for the six months ended February 28, 2026, amounted to $9.72 million, a modest increase of 5.8% relative to $9.18 million reported in FY2025.
Consequently, Operating Profit for the six months ended February 28, 2026 amounted to $52.75 million, an increase of 85.4% relative to $28.45 million reported in 2025. Operating Profit for the second quarter amounted to $23.71 million (2025: $11.80 million), reflecting an increase of 100.9%. Finance Costs totaled $12.48 million, a 34.7% increase from the corresponding period last year (2025: $9.26 million).
Profit Before Taxation for the six months ended February 28, 2026 amounted to $40.27 million, an increase of 109.9% relative to $19.19 million reported in 2025. Profit Before Taxation for the second quarter amounted to $18.33 million (FY2025: $7.39 million), representing an increase of 148.0%
A taxation credit of $880,241 was recorded for the six months ended February 28, 2026, compared to a tax charge of $803,624 in the prior-year period. As a result, Net Profit for the six months amounted to $41.15 million, a 123.8% increase from the $18.39 million reported in FY2025. For the second quarter, Net Profit was $18.58 million (2025: $7.16 million), an increase of 159.4%.
Consequently, Earnings Per Share for the six months amounted to $0.022 (2025: $0.010), while Earnings Per Share for the quarter totaled $0.010 (2025: $0.004). The twelve-month trailing EPS was $0.057 and the number of shares used in these calculations was 1,900,000,000. Notably, ONE’s stock price closed the trading period on April 14, 2026 at a price of $0.94 with a corresponding P/E ratio of 16.43x.
Balance Sheet Highlights
The Company’s total assets amounted to $695.40 million (2025: $662.60 million), a 4.9% increase year over year. The movement in total assets was primarily attributable to a 16.0% increase in Intangible Assets, which stood at $433.15 million (2025: $373.54 million), reflecting continued investment in the Company’s proprietary technology platforms, digital infrastructure, and content capabilities. Trade and Other Receivables increased to $124.00 million from $67.82 million in the prior-year comparative period, though this represented a substantial improvement from the $201.25 million reported at August 31, 2025, indicating meaningful progress in collections management. Cash and Bank Balances amounted to $48.44 million (2025: $110.03 million).
Shareholders’ Equity strengthened to $532.10 million, compared to $423.41 million in the prior-year comparative period and $490.95 million at August 31, 2025, driven by the significant growth in accumulated surplus during the period.
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