September 22, 2026
EduFocal Limited (LEARN)
Unaudited financials for the six months ended June 30, 2026:
EduFocal Limited (LEARN) for the six months ended June 30, 2026, reported a 55% decrease in Revenue totaling $19.38 million compared to $43.16 million in the corresponding period last year, reflecting a deliberate shift away from lumpy project revenue toward contracted recurring revenue. Revenue for the second quarter had a 60% decrease to close at $5.27 million compared to $13.19 million for the comparable quarter of 2025.
Administrative expenses amounted to $9.60 million (2025: $15.75 million), a decrease of 39% year over year, while depreciation and amortization increased to $996,092 (2025: $837,202). No impairment loss on receivables was recognized in the period, compared to an $11.25 million charge in 2025.
Consequently, Operating profit amounted to $8.78 million, a 43% decrease relative to the $15.32 million reported in 2025. For the second quarter, operating profit was $2.77 million (2025: $9.72 million).
Finance costs for the six months ended June 30, 2026, amounted to $12.81 million, a 21% decrease relative to $16.14 million reported in 2025. Loss Before Taxation for the six months ended June 30, 2026, amounted to $4.03 million, relative to a loss of $816,307 reported in 2025. Loss Before Taxation for the second quarter amounted to $4.26 million (2025: profit of $523,454). No tax charge was incurred for the period under review.
As a result, Net loss for the six months ended June 30, 2026, amounted to $4.03 million, relative to a loss of $816,307 reported in 2025.
Consequently, Loss Per Share for the six months amounted to $0.01 (2025: LPS: $0.00), while Loss Per Share for the quarter totaled $0.01 (2025: EPS: $0.00). The twelve-month trailing LPS was $0.05, and the number of shares used in these calculations was 648,446,094.
Notably, LEARN’s stock price closed the trading period on September 21, 2026 at a price of $0.17.
Balance Sheet Highlights
The company’s assets totaled $200.12 million (2025: $230.95 million). The movement in total assets was influenced by a 38% decrease in ‘Receivables and prepayments’ amounting to $24.04 million (2025: $38.92 million) and a 32% decrease in the ‘Director’s Account’ to $18.25 million (2025: $26.66 million), alongside a 6% decline in ‘Intangible assets’ to $152.23 million (2025: $162.34 million).
Shareholders’ deficit was $165.77 million (2025: shareholders’ deficit of $133.14 million).
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
