October 31, 2025

One on One Educational Services Limited(ONE)

Audited financials for the twelve months ended August 31, 2025:

One on One Educational Services Limited (ONE), for the twelve months ended August 31, 2025, reported a 23% increase in revenues, totalling $374.11 million, compared to $303.31 million in the corresponding period of 2024. Revenues for the fourth quarter increased by 7%, closing at $103.72, versus $97.04 million in the comparable quarter of 2024.

Direct Costs amounted to $97.46 million (2024: $100.67 million), reflecting a 3% year-over-year decrease. Consequently, gross profit rose by 37% to $276.65 million, compared to $202.64 million for the twelve months ended August 31, 2024. For the fourth quarter, the company recorded gross profit of $80.76 million, up from $44.61 million in the same quarter of 2024.

Administrative Expenses decreased by 13%, falling from $182.85 million in 2024 to $158.42 million in the current period. Selling Expenses for the twelve months amounted to $17.91 million, a 24% decrease compared to $23.59 million reported in 2024. Additionally, Other Income increased by 83%, closing at $5.97 million (2024: $3.27 million).

Consequently, Operating Profit for the twelve months ended August 31, 2025, amounted to $106.29 million, a significant turnaround from the operating loss of $536,193 reported in 2024. For the fourth quarter, operating profit closed at $37.12 million versus operating loss of $3.26 million in the prior comparable quarter.

Finance Costs totalled $18.84 million, a 24% increase over the $15.15 million recorded in 2024.

Profit Before Taxation for the twelve months amounted to $85.90 million, a significant increase relative to the loss before taxation of $15.35 million reported in 2024.

The tax credit for the twelve months ended August 31, 2025 amounted to $30,457 compared to $16.29 million in 2024. As a result, Net Profit amounted to $85.93 million, a 9037% increase from the $940,477 reported in 2024. For the fourth quarter, Net Profit was $30.85 million, compared to $18.23 million in the prior year.

Consequently, Earnings Per Share for the twelve months amounted to $0.05 (2024: EPS: $0.005), while Earnings Per Share for the quarter totaled $0.02 (2024: EPS: $0.01). The twelve-month trailing EPS was $0.05 and the number of shares used in these calculations was 1,900,000,000.

Notably, ONE’s stock price closed the trading period on October 30, 2025 at a price of $0.89 with a corresponding P/E ratio of 19.68x.

Balance Sheet Highlights

The company’s total assets amounted to $750.65 million as of August 31, 2025, compared to $607.68 million in the prior year, reflecting a year-over-year increase of 24% or $142.97 million.

This movement was attributed to:

• Trade and Other Receivables, which increased by $90.33 million to $201.25 million (2024: $110.92 million),
• Intangible Assets, which rose by $64.92 million to $408.26 million (2024: $343.34 million),
• Property, Plant and Equipment, which grew by $1.84 million to $46.24 million (2024: $44.40 million),
• Cash and Bank Balances, which increased by $2.30 million to $45.65 million (2024: $43.35 million),
• Due from Directors, which rose by $2.29 million to $24.70 million (2024: $22.41 million).

These increases were partially offset by a decline in Inventories, which fell by $16.44 million to $19.43 million (2024: $35.87 million), and a reduction in Right-of-Use Assets, which decreased by $2.28 million to $5.13 million (2024: $7.40 million).

Shareholder’s equity was $490.95 million (2024: $405.02 million), representing a book value per share of $0.26 (2024: $0.21).

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