Raffles Education net profit falls 58% to $3.11m in H1 FY2026
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Raffles Education Limited reported a 58% decline in net profit to $3.11 million for H1 FY2026, down from $7.36 million a year earlier. Revenue remained flat at $56.63 million, while adjusted EBITDA fell 4% to $17.02 million. The company reversed an operating loss to achieve a profit before tax of $0.24 million. Shareholders approved the conversion of $15.53 million in bonds and loans into shares, and the group anticipates $132.3 million from property sales. The focus is on increasing K–12 enrolments in Malaysia, Thailand, and Jakarta.
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