July 16, 2026
One on One Educational Services Limited (ONE)
Unaudited financials for the nine months ended May 31, 2026:
One on One Educational Services Limited (ONE) reported revenues of $260.71 million for the nine months ended May 31, 2026, representing a 4% decrease compared to $270.39 million recorded in the corresponding period last year. For the third quarter, revenues declined by 5% to $95.75 million relative to $100.54 million reported in the comparable quarter of 2025.
Year to date, direct costs amounted to $58.45 million (2025: $74.50 million), reflecting a 22% decrease year over year. Consequently, gross profit increased by 3% to $202.26 million compared to $195.89 million for the nine months ended May 31, 2025. For the third quarter, the company recorded gross profit of $68.82 million versus $80.39 million reported in the corresponding quarter of 2025.
Year to date, other income increased by 101% to $3.70 million (2025: $1.84 million), while administrative expenses decreased by 6% from $116.29 million in 2025 to $109.70 million in the period under review. Additionally, selling expenses for the nine months ended May 31, 2026 amounted to $14.33 million, representing a 17% increase relative to $12.28 million reported in 2025.
Operating profit for the nine months ended May 31, 2026 amounted to $81.93 million, an 18% increase relative to $69.16 million reported in 2025. Operating profit for the third quarter totaled $29.18 million (2025: $40.71 million). Meanwhile, finance costs increased by 29% to $17.25 million, compared to $13.35 million in the corresponding period last year.
Profit before taxation for the nine months ended May 31, 2026 amounted to $64.69 million, representing a 16% increase relative to $55.81 million reported in 2025. Profit before taxation for the third quarter totaled $24.41 million compared to $36.62 million in the corresponding quarter of 2025.
The company recorded a tax charge of $559,729 for the nine months ended May 31, 2026, compared to $737,628 in the corresponding period of 2025. As a result, net profit for the nine-month period increased by 16% to $64.13 million, compared to $55.08 million reported in 2025. For the third quarter, net profit amounted to $22.97 million (2025: $36.69 million).
Consequently, Earnings Per Share for the nine months amounted to $0.034 (2025: $0.029), while Earnings Per Share for the quarter totaled $0.012 (2025: $0.019). 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 July 15, 2026 at a price of $0.79 with a corresponding P/E ratio of 15.80x.
Balance Sheet Highlights
The Company’s total assets amounted to $726.70 million (2025: $707.01 million), a 3% increase year over year. The movement was primarily attributable to a 15% increase in “Intangible assets” amounting to $452.04 million (2025: $393.61 million).
Shareholders’ equity stood at $555.07 million (2025: $460.10 million), representing a book value per share of $0.29 (2025: $0.24).
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