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Financials

Annual Report 2026

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57 tables

Group comprehensive income — FY2026 source

25 metrics

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Group comprehensive income — FY2026 source from Annual Report 2026
Metric / unit	2026Group	2025Group	Source
Group comprehensive income — FY2026 source
RevenueSingapore dollars thousands	106,823	111,710	PDF p. 122
Interest incomeSingapore dollars thousands	122	161	PDF p. 122
Other operating incomeSingapore dollars thousands	71,616	53,787	PDF p. 122
Personnel expensesSingapore dollars thousands	(47,562)	(48,125)	PDF p. 122
Other operating expensesSingapore dollars thousands	(94,083)	(66,554)	PDF p. 122
Depreciation and amortisation expensesSingapore dollars thousands	(17,714)	(18,221)	PDF p. 122
Reversal of loss allowances/(loss allowance) on trade and other receivables, netSingapore dollars thousands	272	(958)	PDF p. 122 Label p. 122
Reversal of impairment loss/(impairment loss) on investment in associatesSingapore dollars thousands	584	(585)	PDF p. 122 Label p. 122
Fair value gain/(loss) on investment properties, netSingapore dollars thousands	4,606	(5,658)	PDF p. 122
Finance costsSingapore dollars thousands	(16,641)	(16,640)	PDF p. 122
Share of results of associates, net of taxSingapore dollars thousands	(1,244)	(179)	PDF p. 122
Profit before income taxSingapore dollars thousands	6,779	8,738	PDF p. 122
Income tax expenseSingapore dollars thousands	(13,131)	(4,380)	PDF p. 122
(Loss)/profit after income taxSingapore dollars thousands	(6,352)	4,358	PDF p. 122
Items that may be reclassified subsequently to profit or loss:
Currency exchange differences arising on translating foreign operationsSingapore dollars thousands	44,784	(45,778)	PDF p. 122
Total other comprehensive income/(loss), net of taxSingapore dollars thousands	44,784	(45,778)	PDF p. 122
Total comprehensive income/(loss) for the financial yearSingapore dollars thousands	38,432	(41,420)	PDF p. 122
Attributable to:
Equity holders of the CompanySingapore dollars thousands	(5,607)	7,696	PDF p. 122
Items that may be reclassified subsequently to profit or loss:
Non-controlling interestsSingapore dollars thousands	(745)	(3,338)	PDF p. 122
Net (loss)/profit for the financial yearSingapore dollars thousands	(6,352)	4,358	PDF p. 122
Attributable to:
Equity holders of the CompanySingapore dollars thousands	34,126	(34,278)	PDF p. 122
Items that may be reclassified subsequently to profit or loss:
Non-controlling interestsSingapore dollars thousands	4,306	(7,142)	PDF p. 122
Total comprehensive income/(loss) for the financial yearSingapore dollars thousands	38,432	(41,420)	PDF p. 122
(Loss)/earnings per share (cents)
- Basiccents per share	(0.36)	0.55	PDF p. 122
- Dilutedcents per share	(0.36)	0.55	PDF p. 122

Definitions & sources

Original report: PDF p. 122 ↗

Group and Company financial position — FY2026 source / page 120

33 metrics

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Group and Company financial position — FY2026 source / page 120 from Annual Report 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands	448,897	464,998	210	240	PDF p. 120
Right-of-use assetsSingapore dollars thousands	6,425	9,113	-	-	PDF p. 120
Investment propertiesSingapore dollars thousands	335,481	316,440	-	-	PDF p. 120
Investments in subsidiariesSingapore dollars thousands	-	-	418,699	419,101	PDF p. 120
Investments in joint ventureSingapore dollars thousands	-	-	-	-	PDF p. 120
Investments in associatesSingapore dollars thousands	962	1,780	-	-	PDF p. 120
Intangible assetsSingapore dollars thousands	95,042	96,216	56	65	PDF p. 120
Deferred tax assetsSingapore dollars thousands	523	630	-	-	PDF p. 120
Other receivablesSingapore dollars thousands	3,740	3,187	49,534	52,000	PDF p. 120
Financial assets at fair value through profit or lossSingapore dollars thousands	418	-	-	-	PDF p. 120 Label p. 120
Restricted bank balancesSingapore dollars thousands	2,239	2,235	-	-	PDF p. 120
SubtotalSingapore dollars thousands	893,727	894,599	468,499	471,406	PDF p. 120
Current assets
InventoriesSingapore dollars thousands	49	60	-	-	PDF p. 120
Trade and other receivablesSingapore dollars thousands	35,413	34,108	270,190	344,338	PDF p. 120
Cash and bank balancesSingapore dollars thousands	39,159	16,861	3,501	96	PDF p. 120
SubtotalSingapore dollars thousands	74,621	51,029	273,691	344,434	PDF p. 120
Non-current assets held for saleSingapore dollars thousands	1,426	73,123	-	-	PDF p. 120
SubtotalSingapore dollars thousands	76,047	124,152	273,691	344,434	PDF p. 120
Current liabilities
Trade and other payablesSingapore dollars thousands	49,775	54,169	297,212	388,000	PDF p. 120
Course fees received in advanceSingapore dollars thousands	24,016	23,058	-	-	PDF p. 120
Education facilities rental service received in advanceSingapore dollars thousands	1,455	338	-	-	PDF p. 120 Label p. 120
Income tax payablesSingapore dollars thousands	12,724	15,578	51	51	PDF p. 120
BorrowingsSingapore dollars thousands	10,154	113,405	-	2,095	PDF p. 120
Lease liabilitiesSingapore dollars thousands	3,765	3,407	-	-	PDF p. 120
SubtotalSingapore dollars thousands	101,889	209,955	297,263	390,146	PDF p. 120
Net current liabilitiesSingapore dollars thousands	(25,842)	(85,803)	(23,572)	(45,712)	PDF p. 120
Non-current liabilities
Other payablesSingapore dollars thousands	5,475	4,929	-	-	PDF p. 120
Course fees received in advanceSingapore dollars thousands	3,705	4,317	-	-	PDF p. 120
BorrowingsSingapore dollars thousands	76,048	95,336	36,016	59,481	PDF p. 120
Lease liabilitiesSingapore dollars thousands	3,453	6,739	-	-	PDF p. 120
Deferred tax liabilitiesSingapore dollars thousands	61,919	56,914	-	-	PDF p. 120
SubtotalSingapore dollars thousands	150,600	168,235	36,016	59,481	PDF p. 120
Net assetsSingapore dollars thousands	717,285	640,561	408,911	366,213	PDF p. 120

Definitions & sources

Original report: PDF p. 120 ↗

Group and Company financial position — FY2026 source / page 121

6 metrics

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Group and Company financial position — FY2026 source / page 121 from Annual Report 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Equity
Share capitalSingapore dollars thousands	579,077	554,599	579,077	554,599	PDF p. 121
Treasury sharesSingapore dollars thousands	-	(36,398)	-	(36,398)	PDF p. 121
Accumulated profits/(losses) and other reservesSingapore dollars thousands	51,949	37,625	(170,166)	(151,988)	PDF p. 121 Label p. 121
Equity attributable to equity holders of the CompanySingapore dollars thousands	631,026	555,826	408,911	366,213	PDF p. 121 Label p. 121
Non-controlling interestsSingapore dollars thousands	86,259	84,735	-	-	PDF p. 121
Total equitySingapore dollars thousands	717,285	640,561	408,911	366,213	PDF p. 121

Definitions & sources

Original report: PDF p. 121 ↗

Group changes in equity — FY2026 source / ending 2026

12 metrics

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Group changes in equity — FY2026 source / ending 2026 from Annual Report 2026
Metric / unit	2026Group / Share capital	2026Group / Treasury shares	2026Group / Revaluation reserve	2026Group / Treasury shares reserve	2026Group / Convertible bonds reserve	2026Group / Foreign currency translation reserve	2026Group / Share-based payments reserve	2026Group / Accumulated profits	2026Group / Total attributable to equity holders	2026Group / Non-controlling interests	2026Group / Total equity	Source
Group
Balance at 1 July 2025Singapore dollars thousands	554,599	(36,398)	8,304	(2,927)	5,150	(99,793)	2,642	124,249	555,826	84,735	640,561	PDF p. 123
Net loss for the yearSingapore dollars thousands	-	-	-	-	-	-	-	(5,607)	(5,607)	(745)	(6,352)	PDF p. 123
Other comprehensive incomeSingapore dollars thousands	-	-	-	-	-	39,733	-	-	39,733	5,051	44,784	PDF p. 123 Label p. 123
Total comprehensive
Total comprehensive income for the yearSingapore dollars thousands	-	-	-	-	-	39,733	-	(5,607)	34,126	4,306	38,432	PDF p. 123 Label p. 123
Share-based paymentSingapore dollars thousands	-	1,256	-	(1,131)	-	-	-	-	125	-	125	PDF p. 123
Issuance of ordinary shareSingapore dollars thousands	24,478	-	-	-	(380)	-	-	-	24,098	-	24,098	PDF p. 123 Label p. 123
Dividends paid (Note 20)Singapore dollars thousands	-	-	-	-	-	-	-	(6,158)	(6,158)	-	(6,158)	PDF p. 123
Sale of treasury sharesSingapore dollars thousands	-	35,142	-	(26,477)	-	-	-	-	8,665	-	8,665	PDF p. 123
Acquisition of interest in existing subsidiary without change in controlSingapore dollars thousands	-	-	-	-	-	(5)	-	791	786	(2,782)	(1,996)	PDF p. 123 Label p. 123
Realisation of reserve upon disposal of subsidiariesSingapore dollars thousands	-	-	-	-	-	11,735	-	-	11,735	-	11,735	PDF p. 123 Label p. 123
Realisation of reserve upon strike off of a subsidiarySingapore dollars thousands	-	-	-	-	-	1,823	-	-	1,823	-	1,823	PDF p. 123 Label p. 123
Balance at 30 June 2026Singapore dollars thousands	579,077	-	8,304	(30,535)	4,770	(46,507)	2,642	113,275	631,026	86,259	717,285	PDF p. 123

Definitions & sources

Original report: PDF p. 123 ↗

Group changes in equity — FY2026 source / ending 2025

6 metrics

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Group changes in equity — FY2026 source / ending 2025 from Annual Report 2026
Metric / unit	2025Group / Share capital	2025Group / Treasury shares	2025Group / Revaluation reserve	2025Group / Treasury shares reserve	2025Group / Convertible bonds reserve	2025Group / Foreign currency translation reserve	2025Group / Share-based payments reserve	2025Group / Accumulated profits	2025Group / Total attributable to equity holders	2025Group / Non-controlling interests	2025Group / Total equity	Source
Group
Balance at 1 July 2024Singapore dollars thousands	554,599	(37,798)	8,304	(1,652)	5,150	(57,819)	2,642	116,553	589,979	91,877	681,856	PDF p. 124
Net profit for the yearSingapore dollars thousands	-	-	-	-	-	-	-	7,696	7,696	(3,338)	4,358	PDF p. 124
Other comprehensive lossSingapore dollars thousands	-	-	-	-	-	(41,974)	-	-	(41,974)	(3,804)	(45,778)	PDF p. 124 Label p. 124
Total comprehensive loss
Total comprehensive loss for the yearSingapore dollars thousands	-	-	-	-	-	(41,974)	-	7,696	(34,278)	(7,142)	(41,420)	PDF p. 124 Label p. 124
Share-based paymentSingapore dollars thousands	-	1,400	-	(1,275)	-	-	-	-	125	-	125	PDF p. 124
Balance at 30 June 2025Singapore dollars thousands	554,599	(36,398)	8,304	(2,927)	5,150	(99,793)	2,642	124,249	555,826	84,735	640,561	PDF p. 124

Definitions & sources

Original report: PDF p. 124 ↗

Company changes in equity — FY2026 source / ending 2026

7 metrics

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Company changes in equity — FY2026 source / ending 2026 from Annual Report 2026
Metric / unit	2026Company / Share capital	2026Company / Treasury shares	2026Company / Treasury shares reserve	2026Company / Convertible bonds reserve	2026Company / Share-based payments reserve	2026Company / Accumulated losses	2026Company / Total equity	Source
Company
Balance at 1 July 2025Singapore dollars thousands	554,599	(36,398)	(2,927)	5,150	2,642	(156,853)	366,213	PDF p. 125
Total comprehensive incomeSingapore dollars thousands	-	-	-	-	-	15,968	15,968	PDF p. 125
Issuance of ordinary sharesSingapore dollars thousands	24,478	-	-	(380)	-	-	24,098	PDF p. 125
Dividends paidSingapore dollars thousands	-	-	-	-	-	(6,158)	(6,158)	PDF p. 125
Share-based paymentSingapore dollars thousands	-	1,256	(1,131)	-	-	-	125	PDF p. 125
Sale of treasury sharesSingapore dollars thousands	-	35,142	(26,477)	-	-	-	8,665	PDF p. 125
Balance at 30 June 2026Singapore dollars thousands	579,077	-	(30,535)	4,770	2,642	(147,043)	408,911	PDF p. 125

Definitions & sources

Original report: PDF p. 125 ↗

Company changes in equity — FY2026 source / ending 2025

4 metrics

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Company changes in equity — FY2026 source / ending 2025 from Annual Report 2026
Metric / unit	2025Company / Share capital	2025Company / Treasury shares	2025Company / Treasury shares reserve	2025Company / Convertible bonds reserve	2025Company / Share-based payments reserve	2025Company / Accumulated losses	2025Company / Total equity	Source
Company
Balance at 1 July 2024Singapore dollars thousands	554,599	(37,798)	(1,652)	5,150	2,642	(162,044)	360,897	PDF p. 125
Total comprehensive incomeSingapore dollars thousands	-	-	-	-	-	5,191	5,191	PDF p. 125
Share-based paymentSingapore dollars thousands	-	1,400	(1,275)	-	-	-	125	PDF p. 125
Balance at 30 June 2025Singapore dollars thousands	554,599	(36,398)	(2,927)	5,150	2,642	(156,853)	366,213	PDF p. 125

Definitions & sources

Original report: PDF p. 125 ↗

Group cash flows — FY2026 source / page 126

32 metrics

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Group cash flows — FY2026 source / page 126 from Annual Report 2026
Metric / unit	2026Group	2025Group	Source
Operating activities
Profit before income taxSingapore dollars thousands	6,779	8,738	PDF p. 126
Adjustments for:
Adjustments for: Depreciation for property, plant and equipmentSingapore dollars thousands	14,098	14,609	PDF p. 126 Label p. 126
Fair value (gain)/loss on investment properties, netSingapore dollars thousands	(4,606)	5,658	PDF p. 126
Amortisation of right-of-use assetsSingapore dollars thousands	3,410	3,400	PDF p. 126
Amortisation of intangible assetsSingapore dollars thousands	206	212	PDF p. 126
(Reversal of loss allowance)/loss allowance on trade and other receivables, netSingapore dollars thousands	(272)	958	PDF p. 126 Label p. 126
(Reversal of impairment)/Impairment loss on investments in associatesSingapore dollars thousands	(584)	585	PDF p. 126 Label p. 126
Loss on disposal of investment in an associateSingapore dollars thousands	487	183	PDF p. 126
Loss on disposal of subsidiariesSingapore dollars thousands	29,362	-	PDF p. 126
Loss on disposal of investment propertiesSingapore dollars thousands	141	2,073	PDF p. 126
Loss/(gain) on disposal of property, plant and equipment, netSingapore dollars thousands	44	(90)	PDF p. 126
Loss on strike off of a subsidiarySingapore dollars thousands	1,823	-	PDF p. 126
Bad trade and other receivables written offSingapore dollars thousands	870	756	PDF p. 126
Finance costsSingapore dollars thousands	16,641	16,640	PDF p. 126
Interest incomeSingapore dollars thousands	(122)	(161)	PDF p. 126
Gain on lease modificationSingapore dollars thousands	(189)	(49)	PDF p. 126
Gain on compensation from termination on acquisition of investment propertiesSingapore dollars thousands	(966)	-	PDF p. 126 Label p. 126
Gain on disposal of non-current assets held for saleSingapore dollars thousands	(52,296)	-	PDF p. 126
Property, plant and equipment written offSingapore dollars thousands	7	-	PDF p. 126
Share of results of associatesSingapore dollars thousands	1,244	179	PDF p. 126
Unrealised foreign exchange loss/(gain), netSingapore dollars thousands	11,494	(27,310)	PDF p. 126
Operating cash flows before movements in working capitalSingapore dollars thousands	27,571	26,381	PDF p. 126
InventoriesSingapore dollars thousands	10	(3)	PDF p. 126
Trade and other receivablesSingapore dollars thousands	17	(637)	PDF p. 126
Course fees received in advanceSingapore dollars thousands	4,510	5,023	PDF p. 126
Education facilities rental service received in advanceSingapore dollars thousands	1,058	(158)	PDF p. 126
Trade and other payablesSingapore dollars thousands	(6,022)	(5,112)	PDF p. 126
Cash generated from operationsSingapore dollars thousands	27,144	25,494	PDF p. 126
Interest paidSingapore dollars thousands	(10,001)	(14,321)	PDF p. 126
Interest receivedSingapore dollars thousands	122	161	PDF p. 126
Income tax paid, netSingapore dollars thousands	(4,681)	(6,985)	PDF p. 126
Net cash generated from operating activitiesSingapore dollars thousands	12,584	4,349	PDF p. 126

Definitions & sources

Original report: PDF p. 126 ↗

Group cash flows — FY2026 source / page 127

30 metrics

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Group cash flows — FY2026 source / page 127 from Annual Report 2026
Metric / unit	2026Group	2025Group	Source
Investing activities
Acquisition of convertible notesSingapore dollars thousands	(407)	-	PDF p. 127
Acquisition of investment in associateSingapore dollars thousands	(175)	-	PDF p. 127
Additions of intangible assetsSingapore dollars thousands	(61)	-	PDF p. 127
Payments for property, plant and equipmentSingapore dollars thousands	(9,434)	(4,208)	PDF p. 127
Refund for acquisition of investment properties*Singapore dollars thousands	4,643	1,551	PDF p. 127
Refund from advance payment for construction of investment propertiesSingapore dollars thousands	-	1,604	PDF p. 127 Label p. 127
Acquisition of investment in a subsidiarySingapore dollars thousands	(5,306)	-	PDF p. 127
Acquisition of non-controlling interestSingapore dollars thousands	(1,996)	-	PDF p. 127
Additions of right-of-use-assetsSingapore dollars thousands	-	(1)	PDF p. 127
Additions of investment propertiesSingapore dollars thousands	(305)	(567)	PDF p. 127
Deposit received from non-current assets held for saleSingapore dollars thousands	-	1,780	PDF p. 127
Net proceeds from disposal of non-current assets held of saleSingapore dollars thousands	29,263	-	PDF p. 127
Net proceeds from disposal of subsidiariesSingapore dollars thousands	9,446	-	PDF p. 127
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands	2	771	PDF p. 127
Proceeds from disposal of investment propertiesSingapore dollars thousands	326	2,174	PDF p. 127
Net cash generated from investing activitiesSingapore dollars thousands	25,996	3,104	PDF p. 127
Financing activities
Decrease in bank balances pledged and restricted cash, netSingapore dollars thousands	80	125	PDF p. 127
(Repayment to)/loan from a director, netSingapore dollars thousands	(4,134)	1,918	PDF p. 127
Proceeds from issuance of non-convertible bondsSingapore dollars thousands	3,000	21,000	PDF p. 127
Drawdown of bank borrowingsSingapore dollars thousands	3,359	6,934	PDF p. 127
Dividend paidSingapore dollars thousands	(2,338)	-	PDF p. 127
Repayment of bank borrowingsSingapore dollars thousands	(8,736)	(45,999)	PDF p. 127
Repayment of non-convertible bondsSingapore dollars thousands	(12,250)	-	PDF p. 127
Repayment of principal portion of lease liabilitiesSingapore dollars thousands	(3,472)	(3,332)	PDF p. 127
Repayment of interest portion of lease liabilitiesSingapore dollars thousands	(479)	(607)	PDF p. 127
Sale of treasury sharesSingapore dollars thousands	8,665	-	PDF p. 127
Net cash used in financing activitiesSingapore dollars thousands	(16,305)	(19,961)	PDF p. 127
Net change in cash and cash equivalentsSingapore dollars thousands	22,275	(12,508)	PDF p. 127
Cash and cash equivalents at beginning of financial yearSingapore dollars thousands	16,861	29,369	PDF p. 127
Cash and cash equivalents at end of financial yearSingapore dollars thousands	39,136	16,861	PDF p. 127

Definitions & sources

Original report: PDF p. 127 ↗

PPE cash-flow reconciliation

4 metrics

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PPE cash-flow reconciliation from Annual Report 2026
Metric / unit	2026Group	2025Group	Source
Note A: Reconciliation of net cash flow from additions of
property, plant and equipment Additions of property, plant and equipmentSingapore dollars thousands	23,415	6,710	PDF p. 128 Label p. 128
PPE cash-flow reconciliation
Increase in other payables in relation to property, plant and equipmentSingapore dollars thousands	(14,596)	(4,309)	PDF p. 128
Increase in advance payment for constructionSingapore dollars thousands	615	1,807	PDF p. 128
Payments for property, plant and equipment per consolidated statement of cash flowsSingapore dollars thousands	9,434	4,208	PDF p. 128 Label p. 128

Definitions & sources

Original report: PDF p. 128 ↗

Director loan reconciliation

6 metrics

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Director loan reconciliation from Annual Report 2026
Metric / unit	2026Group	2025Group	Source
Director loan reconciliation
Balance at 1 JulySingapore dollars thousands	7,688	6,011	PDF p. 128
Fund received from DirectorSingapore dollars thousands	1,105	17,991	PDF p. 128
Repayment to DirectorSingapore dollars thousands	(5,239)	(16,073)	PDF p. 128
Conversion into ordinary sharesSingapore dollars thousands	(3,776)	-	PDF p. 128
Foreign currency realignmentSingapore dollars thousands	222	(241)	PDF p. 128
Balance at 30 June 2026Singapore dollars thousands	-	7,688	PDF p. 128

Definitions & sources

Original report: PDF p. 128 ↗

Financing liabilities reconciliation

9 metrics

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Financing liabilities reconciliation from Annual Report 2026
Metric / unit	2026Group	2025Group	Source
Financing liabilities reconciliation
Balance at 1 JulySingapore dollars thousands	208,741	225,271	PDF p. 128
Cash flowsSingapore dollars thousands	(14,627)	(18,065)	PDF p. 128
Conversion into ordinary shares from: - Convertible bondsSingapore dollars thousands	(4,752)	-	PDF p. 128 Label p. 128
- Non-convertible bondsSingapore dollars thousands	(11,750)	-	PDF p. 128
Settlement through disposal of non-current asset held for saleSingapore dollars thousands	(93,643)	-	PDF p. 128
Settlement through disposal of subsidiariesSingapore dollars thousands	(1,102)	-	PDF p. 128
Accrued loan interestSingapore dollars thousands	2,286	2,173	PDF p. 128
Foreign currency realignmentSingapore dollars thousands	1,049	(638)	PDF p. 128
Balance at 30 JuneSingapore dollars thousands	86,202	208,741	PDF p. 128

Definitions & sources

Original report: PDF p. 128 ↗

Dividend cash reconciliation

3 metrics

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Dividend cash reconciliation from Annual Report 2026
Metric / unit	2026Group	Source
Dividend cash reconciliation
SubtotalSingapore dollars thousands	6,158	PDF p. 128
SubtotalSingapore dollars thousands	(3,820)	PDF p. 128
SubtotalSingapore dollars thousands	2,338	PDF p. 128

Definitions & sources

Original report: PDF p. 128 ↗

Three-year financial highlights — FY2026 source

20 metrics

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Three-year financial highlights — FY2026 source from Annual Report 2026
Metric / unit	2024Group	2025Group	2026Group	Source
Three-year financial highlights — FY2026 source
RevenueSingapore dollars thousands	112,472	111,710	106,823	PDF p. 16
Adjusted EBITDA*Singapore dollars thousands	21,124	19,406	29,556	PDF p. 16
OperatingSingapore dollars thousands	13,097	31,800	19,474	PDF p. 16
Before TaxSingapore dollars thousands	(22,562)	8,738	6,779	PDF p. 16
After TaxSingapore dollars thousands	(23,994)	4,358	(6,352)	PDF p. 16
Attributable to shareholdersSingapore dollars thousands	(19,261)	7,696	(5,607)	PDF p. 16
Operating CashflowSingapore dollars thousands	19,396	4,349	12,584	PDF p. 16
Earnings per Share (cents) - Basiccents per share	(1.39)	0.55	(0.36)	PDF p. 16
- Dilutedcents per share	(1.39)	0.55	(0.36)	PDF p. 16
Shares used in calculating EPS (millions) - Basicshares millions	1,385	1,389	1,550	PDF p. 16
- Dilutedshares millions	1,385	1,389	1,550	PDF p. 16
Issued Share Capital**Singapore dollars thousands	516,801	518,201	579,077	PDF p. 16
Shareholders FundsSingapore dollars thousands	589,979	555,826	631,026	PDF p. 16
Non-current AssetsSingapore dollars thousands	947,404	894,599	893,727	PDF p. 16
Current AssetsSingapore dollars thousands	152,678	124,152	76,047	PDF p. 16
Current LiabilitiesSingapore dollars thousands	169,459	209,955	101,889	PDF p. 16
Non-current LiabilitiesSingapore dollars thousands	248,767	168,235	150,600	PDF p. 16
Net Asset Value per Share (cents)cents per share	42.52	39.97	34.72	PDF p. 16
Return on Equity (%)percent	(3.3)	1.4	(0.9)	PDF p. 16
Net Profit/(Loss) Margin (%)percent	(17.1)	6.9	(5.2)	PDF p. 16

Definitions & sources

Original report: PDF p. 16 ↗

Currency thousands except explicit cents, shares millions and percent rows. Footnotes preserve adjusted EBITDA basis and share-capital net-of-treasury basis.

Cash and bank balances composition

5 metrics

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Cash and bank balances composition from Annual Report 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Cash and bank balances composition
Current Cash and bank balancesSingapore dollars thousands	39,120	16,846	3,501	96	PDF p. 160 Label p. 160
Fixed depositsSingapore dollars thousands	39	15	-	-	PDF p. 160
SubtotalSingapore dollars thousands	39,159	16,861	3,501	96	PDF p. 160
Non-current Restricted bank balancesSingapore dollars thousands	2,239	2,235	-	-	PDF p. 160 Label p. 160
SubtotalSingapore dollars thousands	41,398	19,096	3,501	96	PDF p. 160

Definitions & sources

Original report: PDF p. 160 ↗

Cash equivalents reconciliation

3 metrics

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Cash equivalents reconciliation from Annual Report 2026
Metric / unit	2026Group	2025Group	Source
Cash and bank balances composition
Less: restricted bank balancesSingapore dollars thousands	(2,239)	(2,235)	PDF p. 160
Less: pledged fixed deposits balancesSingapore dollars thousands	(23)	-	PDF p. 160
Cash and cash equivalents for purpose of consolidated statement of cash flowsSingapore dollars thousands	39,136	16,861	PDF p. 160 Label p. 160

Definitions & sources

Original report: PDF p. 160 ↗

Borrowings composition

8 metrics

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Borrowings composition from Annual Report 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Borrowings composition
Current Bank loans and bank overdrafts - SecuredSingapore dollars thousands	9,728	111,920	-	2,077	PDF p. 163 Label p. 163
- UnsecuredSingapore dollars thousands	426	1,485	-	18	PDF p. 163
SubtotalSingapore dollars thousands	10,154	113,405	-	2,095	PDF p. 163
Non-current Bank loans - SecuredSingapore dollars thousands	40,032	35,855	-	-	PDF p. 163 Label p. 163
Convertible bonds - Unsecured (1)Singapore dollars thousands	36,016	38,481	36,016	38,481	PDF p. 163 Label p. 163
Non-convertible bonds - Unsecured (2)Singapore dollars thousands	-	21,000	-	21,000	PDF p. 163 Label p. 163
Total non-currentSingapore dollars thousands	76,048	95,336	36,016	59,481	PDF p. 163
Total borrowingsSingapore dollars thousands	86,202	208,741	36,016	61,576	PDF p. 163

Definitions & sources

Original report: PDF p. 163 ↗

Accumulated profits and reserves composition

7 metrics

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Accumulated profits and reserves composition from Annual Report 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Accumulated profits and reserves composition
Revaluation reserve 1Singapore dollars thousands	8,304	8,304	-	-	PDF p. 171
Treasury shares reserve 2Singapore dollars thousands	(30,535)	(2,927)	(30,535)	(2,927)	PDF p. 171
Convertible bonds reserve 3Singapore dollars thousands	4,770	5,150	4,770	5,150	PDF p. 171
Foreign currency translation reserve 4Singapore dollars thousands	(46,507)	(99,793)	-	-	PDF p. 171
Share-based payments reserve 5Singapore dollars thousands	2,642	2,642	2,642	2,642	PDF p. 171
Accumulated profits/(losses)Singapore dollars thousands	113,275	124,249	(147,043)	(156,853)	PDF p. 171
SubtotalSingapore dollars thousands	51,949	37,625	(170,166)	(151,988)	PDF p. 171

Definitions & sources

Original report: PDF p. 171 ↗

EPS earnings numerator

1 metrics

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EPS earnings numerator from Annual Report 2026
Metric / unit	2026Group	2025Group	Source
EPS earnings numerator
(Loss)/Profit attributable to equity holders of the CompanySingapore dollars thousands	(5,607)	7,696	PDF p. 178

Definitions & sources

Original report: PDF p. 178 ↗

Original note excludes options and convertible-bond effects as anti-dilutive. Weighted-average shares are in thousands. The four printed share headers all say Basic, with duplicated values in each year; the duplicate source headings are retained and not silently relabelled.

EPS weighted-average shares

1 metrics

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EPS weighted-average shares from Annual Report 2026
Metric / unit	2026Group / printed Basic column 1	2026Group / printed Basic column 2	2025Group / printed Basic column 3	2025Group / printed Basic column 4	Source
EPS weighted-average shares
Weighted average number of ordinary sharesshares thousands	1,550,028	1,550,028	1,389,320	1,389,320	PDF p. 178

Definitions & sources

Original report: PDF p. 178 ↗

Group comprehensive income — FY2025 source

25 metrics

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Group comprehensive income — FY2025 source from Annual Report 2026
Metric / unit	2025Group	2024Group	Source
Group comprehensive income — FY2025 source
RevenueSingapore dollars thousands	111,710	112,472	PDF p. 121
Interest incomeSingapore dollars thousands	161	2,420	PDF p. 121
Other operating incomeSingapore dollars thousands	53,787	14,905	PDF p. 121
Personnel expensesSingapore dollars thousands	(48,125)	(42,332)	PDF p. 121
Other operating expensesSingapore dollars thousands	(66,554)	(56,176)	PDF p. 121
Depreciation and amortisation expensesSingapore dollars thousands	(18,221)	(18,016)	PDF p. 121
Loss allowance on trade and other receivables, netSingapore dollars thousands	(958)	(176)	PDF p. 121
Impairment loss on investment in associatesSingapore dollars thousands	(585)	-	PDF p. 121
Fair value loss on investment properties, netSingapore dollars thousands	(5,658)	(14,518)	PDF p. 121
Finance costsSingapore dollars thousands	(16,640)	(20,293)	PDF p. 121
Share of results of associates, net of taxSingapore dollars thousands	(179)	(848)	PDF p. 121
Profit/ (loss) before income taxSingapore dollars thousands	8,738	(22,562)	PDF p. 121
Income tax expenseSingapore dollars thousands	(4,380)	(1,432)	PDF p. 121
Profit/ (loss) after income taxSingapore dollars thousands	4,358	(23,994)	PDF p. 121
Items that may be reclassified subsequently to profit or loss:
Currency exchange differences arising on translating foreign operationsSingapore dollars thousands	(45,778)	9,638	PDF p. 121
Total other comprehensive (loss)/ income, net of taxSingapore dollars thousands	(45,778)	9,638	PDF p. 121
Total comprehensive loss for the financial yearSingapore dollars thousands	(41,420)	(14,356)	PDF p. 121
Attributable to:
Equity holders of the CompanySingapore dollars thousands	7,696	(19,261)	PDF p. 121
Items that may be reclassified subsequently to profit or loss:
Non-controlling interestsSingapore dollars thousands	(3,338)	(4,733)	PDF p. 121
Net profit/ (loss) for the financial yearSingapore dollars thousands	4,358	(23,994)	PDF p. 121
Attributable to:
Equity holders of the CompanySingapore dollars thousands	(34,278)	(9,963)	PDF p. 121
Items that may be reclassified subsequently to profit or loss:
Non-controlling interestsSingapore dollars thousands	(7,142)	(4,393)	PDF p. 121
Total comprehensive loss for the financial yearSingapore dollars thousands	(41,420)	(14,356)	PDF p. 121
Earnings/ (loss) per share (cents)
- BasicSingapore dollars thousands	0.55	(1.39)	PDF p. 121
- DilutedSingapore dollars thousands	0.55	(1.39)	PDF p. 121

Definitions & sources

Original report: PDF p. 121 ↗

Group and Company financial position — FY2025 source / page 119

32 metrics

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Group and Company financial position — FY2025 source / page 119 from Annual Report 2026
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands	464,998	468,799	240	272	PDF p. 119
Right-of-use assetsSingapore dollars thousands	9,113	11,738	-	-	PDF p. 119
Investment propertiesSingapore dollars thousands	316,440	351,288	-	-	PDF p. 119
Investments in subsidiariesSingapore dollars thousands	-	-	419,101	419,375	PDF p. 119
Investments in joint ventureSingapore dollars thousands	-	-	-	-	PDF p. 119
Investments in associatesSingapore dollars thousands	1,780	2,499	-	-	PDF p. 119
Intangible assetsSingapore dollars thousands	96,216	102,086	65	74	PDF p. 119
Deferred tax assetsSingapore dollars thousands	630	479	-	-	PDF p. 119
Other receivablesSingapore dollars thousands	3,187	8,400	52,000	58,901	PDF p. 119
Restricted bank balancesSingapore dollars thousands	2,235	2,115	-	-	PDF p. 119
SubtotalSingapore dollars thousands	894,599	947,404	471,406	478,622	PDF p. 119
Current assets
InventoriesSingapore dollars thousands	60	57	-	-	PDF p. 119
Trade and other receivablesSingapore dollars thousands	34,108	33,831	344,338	365,300	PDF p. 119
Cash and bank balancesSingapore dollars thousands	16,861	29,686	96	143	PDF p. 119
SubtotalSingapore dollars thousands	51,029	63,574	344,434	365,443	PDF p. 119
Non-current assets held for saleSingapore dollars thousands	73,123	89,104	-	-	PDF p. 119
SubtotalSingapore dollars thousands	124,152	152,678	344,434	365,443	PDF p. 119
Current liabilities
Trade and other payablesSingapore dollars thousands	54,169	74,430	388,000	432,656	PDF p. 119
Course fees received in advanceSingapore dollars thousands	23,058	21,805	-	-	PDF p. 119
Education facilities rental service received in advanceSingapore dollars thousands	338	522	-	-	PDF p. 119 Label p. 119
Income tax payablesSingapore dollars thousands	15,578	14,931	51	51	PDF p. 119
BorrowingsSingapore dollars thousands	113,405	54,432	2,095	14,135	PDF p. 119
Lease liabilitiesSingapore dollars thousands	3,407	3,339	-	-	PDF p. 119
SubtotalSingapore dollars thousands	209,955	169,459	390,146	446,842	PDF p. 119
Net current liabilitiesSingapore dollars thousands	(85,803)	(16,781)	(45,712)	(81,399)	PDF p. 119
Non-current liabilities
Other payablesSingapore dollars thousands	4,929	5,030	-	-	PDF p. 119
Course fees received in advanceSingapore dollars thousands	4,317	-	-	-	PDF p. 119
BorrowingsSingapore dollars thousands	95,336	170,839	59,481	36,326	PDF p. 119
Lease liabilitiesSingapore dollars thousands	6,739	9,382	-	-	PDF p. 119
Deferred tax liabilitiesSingapore dollars thousands	56,914	63,516	-	-	PDF p. 119
SubtotalSingapore dollars thousands	168,235	248,767	59,481	36,326	PDF p. 119
Net assetsSingapore dollars thousands	640,561	681,856	366,213	360,897	PDF p. 119

Definitions & sources

Original report: PDF p. 119 ↗

Group and Company financial position — FY2025 source / page 120

6 metrics

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Group and Company financial position — FY2025 source / page 120 from Annual Report 2026
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Equity
Share capitalSingapore dollars thousands	554,599	554,599	554,599	554,599	PDF p. 120
Treasury sharesSingapore dollars thousands	(36,398)	(37,798)	(36,398)	(37,798)	PDF p. 120
Accumulated profits/(losses) and other reservesSingapore dollars thousands	37,625	73,178	(151,988)	(155,904)	PDF p. 120 Label p. 120
Equity attributable to equity holders of the CompanySingapore dollars thousands	555,826	589,979	366,213	360,897	PDF p. 120 Label p. 120
Non-controlling interestsSingapore dollars thousands	84,735	91,877	-	-	PDF p. 120
Total equitySingapore dollars thousands	640,561	681,856	366,213	360,897	PDF p. 120

Definitions & sources

Original report: PDF p. 120 ↗

Group changes in equity — FY2025 source / ending 2025

6 metrics

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Group changes in equity — FY2025 source / ending 2025 from Annual Report 2026
Metric / unit	2025Group / Share capital	2025Group / Treasury shares	2025Group / Revaluation reserve	2025Group / Treasury shares reserve	2025Group / Convertible bonds reserve	2025Group / Foreign currency translation reserve	2025Group / Share-based payments reserve	2025Group / Accumulated profits	2025Group / Total attributable to equity holders	2025Group / Non-controlling interests	2025Group / Total equity	Source
Group
Balance at 1 July 2024Singapore dollars thousands	554,599	(37,798)	8,304	(1,652)	5,150	(57,819)	2,642	116,553	589,979	91,877	681,856	PDF p. 122
Net profit/(loss) for the yearSingapore dollars thousands	-	-	-	-	-	-	-	7,696	7,696	(3,338)	4,358	PDF p. 122 Label p. 122
Other comprehensive lossSingapore dollars thousands	-	-	-	-	-	(41,974)	-	-	(41,974)	(3,804)	(45,778)	PDF p. 122 Label p. 122
Total comprehensive
Total comprehensive loss for the yearSingapore dollars thousands	-	-	-	-	-	(41,974)	-	7,696	(34,278)	(7,142)	(41,420)	PDF p. 122 Label p. 122
Share-based paymentSingapore dollars thousands	-	1,400	-	(1,275)	-	-	-	-	125	-	125	PDF p. 122
Balance at 30 June 2025Singapore dollars thousands	554,599	(36,398)	8,304	(2,927)	5,150	(99,793)	2,642	124,249	555,826	84,735	640,561	PDF p. 122 Label p. 122

Definitions & sources

Original report: PDF p. 122 ↗

Group changes in equity — FY2025 source / ending 2024

8 metrics

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Group changes in equity — FY2025 source / ending 2024 from Annual Report 2026
Metric / unit	2024Group / Share capital	2024Group / Treasury shares	2024Group / Revaluation reserve	2024Group / Treasury shares reserve	2024Group / Convertible bonds reserve	2024Group / Foreign currency translation reserve	2024Group / Share-based payments reserve	2024Group / Accumulated profits	2024Group / Total attributable to equity holders	2024Group / Non-controlling interests	2024Group / Total equity	Source
Group
Balance at 1 July 2023Singapore dollars thousands	554,337	(38,817)	8,304	(758)	5,150	(67,117)	2,642	136,222	599,963	95,862	695,825	PDF p. 123
Net loss for the yearSingapore dollars thousands	-	-	-	-	-	-	-	(19,261)	(19,261)	(4,733)	(23,994)	PDF p. 123
Other comprehensive incomeSingapore dollars thousands	-	-	-	-	-	9,298	-	-	9,298	340	9,638	PDF p. 123 Label p. 123
Total comprehensive
Total comprehensive loss for the yearSingapore dollars thousands	-	-	-	-	-	9,298	-	(19,261)	(9,963)	(4,393)	(14,356)	PDF p. 123 Label p. 123
Transaction with owners Dilution of interest in existing subsidiary without loss of controlSingapore dollars thousands	-	-	-	-	-	-	-	(408)	(408)	408	-	PDF p. 123 Label p. 123
Share-based paymentSingapore dollars thousands	-	1,019	-	(894)	-	-	-	-	125	-	125	PDF p. 123
Issuance of ordinary sharesSingapore dollars thousands	262	-	-	-	-	-	-	-	262	-	262	PDF p. 123 Label p. 123
Balance at 30 June 2024Singapore dollars thousands	554,599	(37,798)	8,304	(1,652)	5,150	(57,819)	2,642	116,553	589,979	91,877	681,856	PDF p. 123 Label p. 123

Definitions & sources

Original report: PDF p. 123 ↗

Company changes in equity — FY2025 source / ending 2025

4 metrics

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Company changes in equity — FY2025 source / ending 2025 from Annual Report 2026
Metric / unit	2025Company / Share capital	2025Company / Treasury shares	2025Company / Treasury shares reserve	2025Company / Convertible bonds reserve	2025Company / Share-based payments reserve	2025Company / Accumulated losses	2025Company / Total equity	Source
Company
Balance at 1 July 2024Singapore dollars thousands	554,599	(37,798)	(1,652)	5,150	2,642	(162,044)	360,897	PDF p. 124
Total comprehensive incomeSingapore dollars thousands	-	-	-	-	-	5,191	5,191	PDF p. 124
Share-based paymentSingapore dollars thousands	-	1,400	(1,275)	-	-	-	125	PDF p. 124
Balance at 30 June 2025Singapore dollars thousands	554,599	(36,398)	(2,927)	5,150	2,642	(156,853)	366,213	PDF p. 124

Definitions & sources

Original report: PDF p. 124 ↗

Company changes in equity — FY2025 source / ending 2024

5 metrics

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Company changes in equity — FY2025 source / ending 2024 from Annual Report 2026
Metric / unit	2024Company / Share capital	2024Company / Treasury shares	2024Company / Treasury shares reserve	2024Company / Convertible bonds reserve	2024Company / Share-based payments reserve	2024Company / Accumulated losses	2024Company / Total equity	Source
Company
Balance at 1 July 2023Singapore dollars thousands	554,337	(38,817)	(758)	5,150	2,642	(154,349)	368,205	PDF p. 124
Total comprehensive lossSingapore dollars thousands	-	-	-	-	-	(7,695)	(7,695)	PDF p. 124
Share-based paymentSingapore dollars thousands	-	1,019	(894)	-	-	-	125	PDF p. 124
Issuance of ordinary sharesSingapore dollars thousands	262	-	-	-	-	-	262	PDF p. 124
Balance at 30 June 2024Singapore dollars thousands	554,599	(37,798)	(1,652)	5,150	2,642	(162,044)	360,897	PDF p. 124

Definitions & sources

Original report: PDF p. 124 ↗

Group cash flows — FY2025 source / page 125

29 metrics

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Group cash flows — FY2025 source / page 125 from Annual Report 2026
Metric / unit	2025Group	2024Group	Source
Operating activities
Profit/(Loss) before income taxSingapore dollars thousands	8,738	(22,562)	PDF p. 125
Adjustments for:
Adjustments for: Depreciation for property, plant and equipmentSingapore dollars thousands	14,609	14,508	PDF p. 125 Label p. 125
Fair value loss on investment properties, netSingapore dollars thousands	5,658	14,518	PDF p. 125
Amortisation of right-of-use assetsSingapore dollars thousands	3,400	3,290	PDF p. 125
Loss allowance on trade and other receivables, netSingapore dollars thousands	958	176	PDF p. 125
Impairment loss on investments in associatesSingapore dollars thousands	585	-	PDF p. 125
Loss on disposal of investment in associatesSingapore dollars thousands	183	-	PDF p. 125
Loss on disposal of investment propertiesSingapore dollars thousands	2,073	-	PDF p. 125
Amortisation of intangible assetsSingapore dollars thousands	212	218	PDF p. 125
Bad trade and other receivables written offSingapore dollars thousands	756	226	PDF p. 125
Finance costsSingapore dollars thousands	16,640	20,293	PDF p. 125
Interest incomeSingapore dollars thousands	(161)	(2,420)	PDF p. 125
Gain on disposal of property, plant and equipment, netSingapore dollars thousands	(90)	(14)	PDF p. 125
Gain on lease modificationSingapore dollars thousands	(49)	(4)	PDF p. 125
Loss on disposal of right-of-use assets, netSingapore dollars thousands	-	4	PDF p. 125
Property, plant and equipment written offSingapore dollars thousands	-	9	PDF p. 125
Share of results of associatesSingapore dollars thousands	179	848	PDF p. 125
Unrealised foreign exchange (gain)/loss, netSingapore dollars thousands	(27,310)	4,600	PDF p. 125
Operating cash flows before movements in working capitalSingapore dollars thousands	26,381	33,690	PDF p. 125
InventoriesSingapore dollars thousands	(3)	4	PDF p. 125
Trade and other receivablesSingapore dollars thousands	(637)	(573)	PDF p. 125
Course fees received in advanceSingapore dollars thousands	5,023	635	PDF p. 125
Education facilities rental service received in advanceSingapore dollars thousands	(158)	(988)	PDF p. 125
Trade and other payablesSingapore dollars thousands	(5,112)	2,922	PDF p. 125
Cash generated from operationsSingapore dollars thousands	25,494	35,690	PDF p. 125
Interest paidSingapore dollars thousands	(14,321)	(14,689)	PDF p. 125
Interest receivedSingapore dollars thousands	161	2,420	PDF p. 125
Income tax paid, netSingapore dollars thousands	(6,985)	(4,025)	PDF p. 125
Net cash generated from operating activitiesSingapore dollars thousands	4,349	19,396	PDF p. 125

Definitions & sources

Original report: PDF p. 125 ↗

Group cash flows — FY2025 source / page 126

25 metrics

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Group cash flows — FY2025 source / page 126 from Annual Report 2026
Metric / unit	2025Group	2024Group	Source
Investing activities
Additions of intangible assetsSingapore dollars thousands	-	(21)	PDF p. 126
Payments for property, plant and equipmentSingapore dollars thousands	(4,208)	(13,502)	PDF p. 126
Refund/(Advance payment) for acquisition of investment propertiesSingapore dollars thousands	1,551	(1,807)	PDF p. 126
Refund from advance payment for construction of investment propertiesSingapore dollars thousands	1,604	8,374	PDF p. 126 Label p. 126
Advance payment for construction projectSingapore dollars thousands	-	(166)	PDF p. 126
Additions of right-of-use-assetsSingapore dollars thousands	(1)	(7)	PDF p. 126
Additions of investment propertiesSingapore dollars thousands	(567)	(1,569)	PDF p. 126
Consideration paid for acquisition of subsidiarySingapore dollars thousands	-	(1,146)	PDF p. 126
Deposit received from non-current assets held for saleSingapore dollars thousands	1,780	20,722	PDF p. 126
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands	771	56	PDF p. 126
Proceeds from disposal of investment propertiesSingapore dollars thousands	2,174	-	PDF p. 126
Proceeds from disposal of right-of-use assetsSingapore dollars thousands	-	90	PDF p. 126
Net cash generated from investing activitiesSingapore dollars thousands	3,104	11,024	PDF p. 126
Financing activities
Decrease in bank balances pledged and restricted cash, netSingapore dollars thousands	125	32,099	PDF p. 126
Loan from a director, netSingapore dollars thousands	1,918	6,011	PDF p. 126
Repayment to third partySingapore dollars thousands	-	(4,804)	PDF p. 126
Proceeds from issuance of non-convertible bondsSingapore dollars thousands	21,000	-	PDF p. 126
Drawdown of bank borrowingsSingapore dollars thousands	6,934	9,768	PDF p. 126
Repayment of bank borrowingsSingapore dollars thousands	(45,999)	(64,588)	PDF p. 126
Repayment of principal portion of lease liabilitiesSingapore dollars thousands	(3,332)	(3,033)	PDF p. 126
Repayment of interest portion of lease liabilitiesSingapore dollars thousands	(607)	(710)	PDF p. 126
Net cash used in financing activitiesSingapore dollars thousands	(19,961)	(25,257)	PDF p. 126
Net change in cash and cash equivalentsSingapore dollars thousands	(12,508)	5,163	PDF p. 126
Cash and cash equivalents at beginning of financial yearSingapore dollars thousands	29,369	24,206	PDF p. 126
Cash and cash equivalents at end of financial yearSingapore dollars thousands	16,861	29,369	PDF p. 126

Definitions & sources

Original report: PDF p. 126 ↗

PPE cash-flow reconciliation — FY2025 source

4 metrics

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PPE cash-flow reconciliation — FY2025 source from Annual Report 2026
Metric / unit	2025Group	2024Group	Source
Note A
Additions of property, plant and equipmentSingapore dollars thousands	6,710	6,584	PDF p. 126
PPE cash-flow reconciliation — FY2025 source
(Increase)/Decrease in other payables in relation to property, plant and equipmentSingapore dollars thousands	(4,309)	6,918	PDF p. 126 Label p. 126
Increase in advance payment for constructionSingapore dollars thousands	1,807	-	PDF p. 126
Payments for property, plant and equipment per consolidated statement of cash flowsSingapore dollars thousands	4,208	13,502	PDF p. 126 Label p. 126

Definitions & sources

Original report: PDF p. 126 ↗

Historical borrowings component reconciliation — FY2025 source / ending 2025

1 metrics

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Historical borrowings component reconciliation — FY2025 source / ending 2025 from Annual Report 2026
Metric / unit	2024Group / Opening balance	2025Group / Cash flows	2025Group / Conversion of convertible bond	2025Group / Foreign currency realignment	2025Group / Accrued loan interest	2025Group / Closing balance	Source
Historical borrowings component reconciliation — FY2025 source / ending 2025
Borrowings (Note 14)Singapore dollars thousands	225,271	(18,065)	-	(638)	2,173	208,741	PDF p. 127

Definitions & sources

Original report: PDF p. 127 ↗

Opening balances, cash movements, noncash changes and closing balance retain their own original physical columns.

Historical borrowings component reconciliation — FY2025 source / ending 2024

1 metrics

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Historical borrowings component reconciliation — FY2025 source / ending 2024 from Annual Report 2026
Metric / unit	2023Group / Opening balance	2024Group / Cash flows	2024Group / Conversion of convertible bond	2024Group / Foreign currency realignment	2024Group / Accrued loan interest	2024Group / Closing balance	Source
Historical borrowings component reconciliation — FY2025 source / ending 2024
Borrowings (Note 14)Singapore dollars thousands	275,518	(54,820)	(262)	214	4,621	225,271	PDF p. 127

Definitions & sources

Original report: PDF p. 127 ↗

Opening balances, cash movements, noncash changes and closing balance retain their own original physical columns.

Historical director-loan component reconciliation — FY2025 source / ending 2025

1 metrics

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Historical director-loan component reconciliation — FY2025 source / ending 2025 from Annual Report 2026
Metric / unit	2024Group / Opening balance	2025Group / Fund received from director	2025Group / Repayment to director	2025Group / Foreign currency realignment	2025Group / Closing balance	Source
Historical director-loan component reconciliation — FY2025 source / ending 2025
Amount due to a directorSingapore dollars thousands	6,011	17,991	(16,073)	(241)	7,688	PDF p. 127

Definitions & sources

Original report: PDF p. 127 ↗

Opening balances, cash movements, noncash changes and closing balance retain their own original physical columns.

Historical director-loan component reconciliation — FY2025 source / ending 2024

1 metrics

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Historical director-loan component reconciliation — FY2025 source / ending 2024 from Annual Report 2026
Metric / unit	2023Group / Opening balance	2024Group / Fund received from director	2024Group / Repayment to director	2024Group / Foreign currency realignment	2024Group / Closing balance	Source
Historical director-loan component reconciliation — FY2025 source / ending 2024
Amount due to a directorSingapore dollars thousands	-	11,534	(5,523)	-	6,011	PDF p. 127

Definitions & sources

Original report: PDF p. 127 ↗

Opening balances, cash movements, noncash changes and closing balance retain their own original physical columns.

Group comprehensive income — FY2024 source

26 metrics

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Group comprehensive income — FY2024 source from Annual Report 2026
Metric / unit	2024Group	2023Group	Source
Group comprehensive income — FY2024 source
RevenueSingapore dollars thousands	112,472	110,891	PDF p. 122
Interest incomeSingapore dollars thousands	2,420	1,433	PDF p. 122
Other operating incomeSingapore dollars thousands	14,905	47,397	PDF p. 122
Personnel expensesSingapore dollars thousands	(42,332)	(42,500)	PDF p. 122
Other operating expensesSingapore dollars thousands	(56,176)	(73,406)	PDF p. 122
Depreciation and amortisation expensesSingapore dollars thousands	(18,016)	(20,044)	PDF p. 122
Loss allowance on trade receivables, netSingapore dollars thousands	(176)	(69)	PDF p. 122
Reversal of impairment of investments in associatesSingapore dollars thousands	-	519	PDF p. 122
Impairment loss on property, plant and equipmentSingapore dollars thousands	-	(1,180)	PDF p. 122
Fair value loss on investment properties, netSingapore dollars thousands	(14,518)	(4,394)	PDF p. 122
Finance costsSingapore dollars thousands	(20,293)	(19,935)	PDF p. 122
Share of results of associates, net of taxSingapore dollars thousands	(848)	(573)	PDF p. 122
Loss before income taxSingapore dollars thousands	(22,562)	(1,861)	PDF p. 122
Income tax expenseSingapore dollars thousands	(1,432)	(7,136)	PDF p. 122
Loss after income taxSingapore dollars thousands	(23,994)	(8,997)	PDF p. 122
Items that may be reclassified subsequently to profit or loss:
Currency exchange differences arising on translating foreign operationsSingapore dollars thousands	9,638	(85,659)	PDF p. 122
Total other comprehensive loss, net of taxSingapore dollars thousands	9,638	(85,659)	PDF p. 122
Total comprehensive loss for the financial yearSingapore dollars thousands	(14,356)	(94,656)	PDF p. 122
Attributable to:
Equity holders of the CompanySingapore dollars thousands	(19,261)	(5,305)	PDF p. 122
Items that may be reclassified subsequently to profit or loss:
Non-controlling interestsSingapore dollars thousands	(4,733)	(3,692)	PDF p. 122
Net loss for the financial yearSingapore dollars thousands	(23,994)	(8,997)	PDF p. 122
Attributable to:
Equity holders of the CompanySingapore dollars thousands	(9,963)	(80,463)	PDF p. 122
Items that may be reclassified subsequently to profit or loss:
Non-controlling interestsSingapore dollars thousands	(4,393)	(14,193)	PDF p. 122
Total comprehensive loss for the financial yearSingapore dollars thousands	(14,356)	(94,656)	PDF p. 122
Earnings per share (cents)
- Basiccents per share	(1.39)	(0.38)	PDF p. 122
- Dilutedcents per share	(1.39)	(0.38)	PDF p. 122

Definitions & sources

Original report: PDF p. 122 ↗

Group and Company financial position — FY2024 source / page 121

37 metrics

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Group and Company financial position — FY2024 source / page 121 from Annual Report 2026
Metric / unit	2024Group	2023Group	2024Company	2023Company	Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands	468,799	475,316	272	4	PDF p. 121
Group and Company financial position — FY2024 source / page 121
Right-of-use assetsSingapore dollars thousands	11,738	12,580	-	-	PDF p. 121
Investment propertiesSingapore dollars thousands	351,288	381,908	-	-	PDF p. 121
Investments in subsidiariesSingapore dollars thousands	-	-	419,375	427,548	PDF p. 121
Investments in joint ventureSingapore dollars thousands	-	-	-	-	PDF p. 121
Investments in associatesSingapore dollars thousands	2,499	3,435	-	-	PDF p. 121
Intangible assetsSingapore dollars thousands	102,086	101,119	74	83	PDF p. 121
Deferred tax assetsSingapore dollars thousands	479	742	-	-	PDF p. 121
Other receivablesSingapore dollars thousands	8,400	14,535	58,901	46,597	PDF p. 121
Restricted bank balancesSingapore dollars thousands	2,115	2,188	-	-	PDF p. 121
SubtotalSingapore dollars thousands	947,404	991,823	478,622	474,232	PDF p. 121
Current assets
InventoriesSingapore dollars thousands	57	61	-	-	PDF p. 121
Trade and other receivablesSingapore dollars thousands	33,831	33,577	365,300	334,257	PDF p. 121
Cash and bank balancesSingapore dollars thousands	29,686	56,311	143	536	PDF p. 121
SubtotalSingapore dollars thousands	63,574	89,949	365,443	334,793	PDF p. 121
Non-current assets held for saleSingapore dollars thousands	89,104	68,267	-	-	PDF p. 121
SubtotalSingapore dollars thousands	152,678	158,216	365,443	334,793	PDF p. 121
Current liabilities
Trade and other payablesSingapore dollars thousands	74,430	52,656	432,656	377,895	PDF p. 121
Course fees received in advanceSingapore dollars thousands	21,805	21,219	-	-	PDF p. 121
Education facilities rental service received in advanceSingapore dollars thousands	522	1,496	-	-	PDF p. 121 Label p. 121
Income tax payablesSingapore dollars thousands	14,931	15,631	51	51	PDF p. 121
BorrowingsSingapore dollars thousands	54,432	176,002	14,135	27,970	PDF p. 121
Lease liabilitiesSingapore dollars thousands	3,339	2,793	-	-	PDF p. 121
SubtotalSingapore dollars thousands	169,459	269,797	446,842	405,916	PDF p. 121
Net current liabilitiesSingapore dollars thousands	(16,781)	(111,581)	(81,399)	(71,123)	PDF p. 121
Non-current liabilities
Other payablesSingapore dollars thousands	5,030	9,592	-	-	PDF p. 121
BorrowingsSingapore dollars thousands	170,839	99,516	36,326	34,904	PDF p. 121
Lease liabilitiesSingapore dollars thousands	9,382	10,377	-	-	PDF p. 121
Deferred tax liabilitiesSingapore dollars thousands	63,516	64,932	-	-	PDF p. 121
SubtotalSingapore dollars thousands	248,767	184,417	36,326	34,904	PDF p. 121
Net assetsSingapore dollars thousands	681,856	695,825	360,897	368,205	PDF p. 121
Equity
Share capitalSingapore dollars thousands	554,599	554,337	554,599	554,337	PDF p. 121
Treasury sharesSingapore dollars thousands	(37,798)	(38,817)	(37,798)	(38,817)	PDF p. 121
Accumulated profits/(losses) and other reservesSingapore dollars thousands	73,178	84,443	(155,904)	(147,315)	PDF p. 121 Label p. 121
Equity attributable to equity holders of the CompanySingapore dollars thousands	589,979	599,963	360,897	368,205	PDF p. 121 Label p. 121
Non-controlling interestsSingapore dollars thousands	91,877	95,862	-	-	PDF p. 121
Total equitySingapore dollars thousands	681,856	695,825	360,897	368,205	PDF p. 121

Definitions & sources

Original report: PDF p. 121 ↗

Group changes in equity — FY2024 source / ending 2024

8 metrics

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Group changes in equity — FY2024 source / ending 2024 from Annual Report 2026
Metric / unit	2024Group / Share capital	2024Group / Treasury shares	2024Group / Revaluation reserve	2024Group / Treasury shares reserve	2024Group / Convertible bonds reserve	2024Group / Foreign currency translation reserve	2024Group / Share-based payments reserve	2024Group / Accumulated profits	2024Group / Total attributable to equity holders	2024Group / Non-controlling interests	2024Group / Total equity	Source
Group
Balance at 1 July 2023Singapore dollars thousands	554,337	(38,817)	8,304	(758)	5,150	(67,117)	2,642	136,222	599,963	95,862	695,825	PDF p. 123
Net loss for the yearSingapore dollars thousands	-	-	-	-	-	-	-	(19,261)	(19,261)	(4,733)	(23,994)	PDF p. 123
Other comprehensive lossSingapore dollars thousands	-	-	-	-	-	9,298	-	-	9,298	340	9,638	PDF p. 123 Label p. 123
Total comprehensive
Total comprehensive loss for the yearSingapore dollars thousands	-	-	-	-	-	9,298	-	(19,261)	(9,963)	(4,393)	(14,356)	PDF p. 123 Label p. 123
Transaction with owners Dilution of interest in existing subsidiary without loss of controlSingapore dollars thousands	-	-	-	-	-	-	-	(408)	(408)	408	-	PDF p. 123 Label p. 123
Share-based paymentSingapore dollars thousands	-	1,019	-	(894)	-	-	-	-	125	-	125	PDF p. 123
Issuance of ordinary sharesSingapore dollars thousands	262	-	-	-	-	-	-	-	262	-	262	PDF p. 123 Label p. 123
Balance at 30 June 2024Singapore dollars thousands	554,599	(37,798)	8,304	(1,652)	5,150	(57,819)	2,642	116,553	589,979	91,877	681,856	PDF p. 123 Label p. 123

Definitions & sources

Original report: PDF p. 123 ↗

Group changes in equity — FY2024 source / ending 2023

7 metrics

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Group changes in equity — FY2024 source / ending 2023 from Annual Report 2026
Metric / unit	2023Group / Share capital	2023Group / Treasury shares	2023Group / Revaluation reserve	2023Group / Treasury shares reserve	2023Group / Convertible bonds reserve	2023Group / Foreign currency translation reserve	2023Group / Share-based payments reserve	2023Group / Accumulated profits	2023Group / Total attributable to equity holders	2023Group / Non-controlling interests	2023Group / Total equity	Source
Group
Balance at 1 July 2022Singapore dollars thousands	554,337	(39,683)	8,304	-	-	8,041	2,642	141,527	675,168	110,055	785,223	PDF p. 124
Net loss for the yearSingapore dollars thousands	-	-	-	-	-	-	-	(5,305)	(5,305)	(3,692)	(8,997)	PDF p. 124
Other comprehensive lossSingapore dollars thousands	-	-	-	-	-	(75,158)	-	-	(75,158)	(10,501)	(85,659)	PDF p. 124 Label p. 124
Total comprehensive
Total comprehensive loss for the yearSingapore dollars thousands	-	-	-	-	-	(75,158)	-	(5,305)	(80,463)	(14,193)	(94,656)	PDF p. 124 Label p. 124
Share-based paymentSingapore dollars thousands	-	866	-	(758)	-	-	-	-	108	-	108	PDF p. 124
Issuance of convertible bondsSingapore dollars thousands	-	-	-	-	5,150	-	-	-	5,150	-	5,150	PDF p. 124 Label p. 124
Balance at 30 June 2023Singapore dollars thousands	554,337	(38,817)	8,304	(758)	5,150	(67,117)	2,642	136,222	599,963	95,862	695,825	PDF p. 124 Label p. 124

Definitions & sources

Original report: PDF p. 124 ↗

Company changes in equity — FY2024 source / ending 2024

5 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity — FY2024 source / ending 2024 from Annual Report 2026
Metric / unit	2024Company / Share capital	2024Company / Treasury shares	2024Company / Treasury shares reserve	2024Company / Convertible bonds reserve	2024Company / Share-based payments reserve	2024Company / Accumulated losses	2024Company / Total equity	Source
Company
Balance at 1 July 2023Singapore dollars thousands	554,337	(38,817)	(758)	5,150	2,642	(154,349)	368,205	PDF p. 125
Total comprehensive lossSingapore dollars thousands	-	-	-	-	-	(7,695)	(7,695)	PDF p. 125
Share-based paymentSingapore dollars thousands	-	1,019	(894)	-	-	-	125	PDF p. 125
Issuance of ordinary sharesSingapore dollars thousands	262	-	-	-	-	-	262	PDF p. 125
Balance at 30 June 2024Singapore dollars thousands	554,599	(37,798)	(1,652)	5,150	2,642	(162,044)	360,897	PDF p. 125

Definitions & sources

Original report: PDF p. 125 ↗

Company changes in equity — FY2024 source / ending 2023

5 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity — FY2024 source / ending 2023 from Annual Report 2026
Metric / unit	2023Company / Share capital	2023Company / Treasury shares	2023Company / Treasury shares reserve	2023Company / Convertible bonds reserve	2023Company / Share-based payments reserve	2023Company / Accumulated losses	2023Company / Total equity	Source
Company
Balance at 1 July 2022Singapore dollars thousands	554,337	(39,683)	-	-	2,642	(165,534)	351,762	PDF p. 125
Total comprehensive incomeSingapore dollars thousands	-	-	-	-	-	11,185	11,185	PDF p. 125
Share-based paymentSingapore dollars thousands	-	866	(758)	-	-	-	108	PDF p. 125
Issuance of convertible bondsSingapore dollars thousands	-	-	-	5,150	-	-	5,150	PDF p. 125
Balance at 30 June 2023Singapore dollars thousands	554,337	(38,817)	(758)	5,150	2,642	(154,349)	368,205	PDF p. 125

Definitions & sources

Original report: PDF p. 125 ↗

Group cash flows — FY2024 source / page 126

29 metrics

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Group cash flows — FY2024 source / page 126 from Annual Report 2026
Metric / unit	2024Group	2023Group	Source
Operating activities
Loss before income taxSingapore dollars thousands	(22,562)	(1,861)	PDF p. 126
Adjustments for:
Adjustments for: Depreciation for property, plant and equipmentSingapore dollars thousands	14,508	17,157	PDF p. 126 Label p. 126
Fair value loss on investment properties, netSingapore dollars thousands	14,518	4,394	PDF p. 126
Amortisation of right-of-use assetsSingapore dollars thousands	3,290	2,645	PDF p. 126
Loss allowance on trade receivables, netSingapore dollars thousands	176	69	PDF p. 126
Impairment loss on property, plant and equipmentSingapore dollars thousands	-	1,180	PDF p. 126
Reversal of impairment on investments in associatesSingapore dollars thousands	-	(519)	PDF p. 126
Loss on disposal of investment propertiesSingapore dollars thousands	-	3,571	PDF p. 126
Amortisation of intangible assetsSingapore dollars thousands	218	242	PDF p. 126
Bad trade and other receivables written offSingapore dollars thousands	226	201	PDF p. 126
Finance costsSingapore dollars thousands	20,293	19,935	PDF p. 126
Interest incomeSingapore dollars thousands	(2,420)	(1,433)	PDF p. 126
Gain on disposal of property, plant and equipment, netSingapore dollars thousands	(14)	(8)	PDF p. 126
Gain on lease modificationSingapore dollars thousands	(4)	(61)	PDF p. 126
Loss on disposal of right-of-use assets, netSingapore dollars thousands	4	-	PDF p. 126
Property, plant and equipment written offSingapore dollars thousands	9	2	PDF p. 126
Share of results of associatesSingapore dollars thousands	848	573	PDF p. 126
Unrealised foreign exchange loss/(gain), netSingapore dollars thousands	4,600	(22,069)	PDF p. 126
Operating cash flows before movements in working capitalSingapore dollars thousands	33,690	24,018	PDF p. 126
InventoriesSingapore dollars thousands	4	3	PDF p. 126
Trade and other receivablesSingapore dollars thousands	(573)	5,493	PDF p. 126
Course fees received in advanceSingapore dollars thousands	635	(3,107)	PDF p. 126
Education facilities rental service received in advanceSingapore dollars thousands	(988)	(832)	PDF p. 126
Trade and other payablesSingapore dollars thousands	2,922	1,409	PDF p. 126
Cash generated from operationsSingapore dollars thousands	35,690	26,984	PDF p. 126
Interest paidSingapore dollars thousands	(14,689)	(16,192)	PDF p. 126
Interest receivedSingapore dollars thousands	2,420	1,554	PDF p. 126
Income tax paid, netSingapore dollars thousands	(4,025)	(8,084)	PDF p. 126
Net cash generated from operating activitiesSingapore dollars thousands	19,396	4,262	PDF p. 126

Definitions & sources

Original report: PDF p. 126 ↗

Group cash flows — FY2024 source / page 127

27 metrics

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Group cash flows — FY2024 source / page 127 from Annual Report 2026
Metric / unit	2024Group	2023Group	Source
Investing activities
Additions of intangible assetsSingapore dollars thousands	(21)	(5)	PDF p. 127
Payments for property, plant and equipmentSingapore dollars thousands	(13,502)	(14,527)	PDF p. 127
Advance payment for investment propertiesSingapore dollars thousands	(1,807)	(10,638)	PDF p. 127
Refund from advance payment for investment propertiesSingapore dollars thousands	8,374	-	PDF p. 127
Advance payment for construction projectSingapore dollars thousands	(166)	(1,802)	PDF p. 127
Additions of right-of-use-assetsSingapore dollars thousands	(7)	(52)	PDF p. 127
Additions of investment propertiesSingapore dollars thousands	(1,569)	(4,113)	PDF p. 127
Proceeds from disposal of subsidiarySingapore dollars thousands	-	14,370	PDF p. 127
Consideration paid for acquisition of subsidiarySingapore dollars thousands	(1,146)	-	PDF p. 127
Deposit received from non-current assets held for saleSingapore dollars thousands	20,722	-	PDF p. 127
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands	56	36	PDF p. 127
Proceeds from disposal of investment propertiesSingapore dollars thousands	-	18,920	PDF p. 127
Proceeds from disposal of right-of-use assetsSingapore dollars thousands	90	-	PDF p. 127
Return of capital from joint ventureSingapore dollars thousands	-	218	PDF p. 127
Net cash generated from investing activitiesSingapore dollars thousands	11,024	2,407	PDF p. 127
Financing activities
Decrease/(Increase) in bank balances pledged and restricted cash, netSingapore dollars thousands	32,099	(8,445)	PDF p. 127
Loan from/(Repayment of loan to) a director, netSingapore dollars thousands	6,011	(4,366)	PDF p. 127
(Repayment to)/Advance from third partySingapore dollars thousands	(4,804)	7,953	PDF p. 127
Proceeds from convertible bonds, netSingapore dollars thousands	-	37,800	PDF p. 127
Drawdown of bank borrowingsSingapore dollars thousands	9,768	22,273	PDF p. 127
Repayment of bank borrowingsSingapore dollars thousands	(64,588)	(73,091)	PDF p. 127
Repayment of principal portion of lease liabilitiesSingapore dollars thousands	(3,033)	(1,448)	PDF p. 127
Repayment of interest portion of lease liabilitiesSingapore dollars thousands	(710)	(562)	PDF p. 127
Net cash used in financing activitiesSingapore dollars thousands	(25,257)	(19,886)	PDF p. 127
Net change in cash and cash equivalentsSingapore dollars thousands	5,163	(13,217)	PDF p. 127
Cash and cash equivalents at beginning of financial yearSingapore dollars thousands	24,206	37,423	PDF p. 127
Cash and cash equivalents at end of financial yearSingapore dollars thousands	29,369	24,206	PDF p. 127

Definitions & sources

Original report: PDF p. 127 ↗

PPE cash-flow reconciliation — FY2024 source

3 metrics

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PPE cash-flow reconciliation — FY2024 source from Annual Report 2026
Metric / unit	2024Group	2023Group	Source
Note A
Additions of property, plant and equipmentSingapore dollars thousands	6,584	2,281	PDF p. 128
PPE cash-flow reconciliation — FY2024 source
Decrease in other payables in relation to property, plant and equipmentSingapore dollars thousands	6,918	12,246	PDF p. 128
Payments for property, plant and equipment per consolidated statement of cash flowsSingapore dollars thousands	13,502	14,527	PDF p. 128 Label p. 128

Definitions & sources

Original report: PDF p. 128 ↗

Three-year financial highlights — FY2024 source

20 metrics

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Three-year financial highlights — FY2024 source from Annual Report 2026
Metric / unit	2022Group	2023Group	2024Group	Source
Three-year financial highlights — FY2024 source
RevenueSingapore dollars thousands	105,371	110,891	112,472	PDF p. 12
Adjusted EBITDA*Singapore dollars thousands	67,917	22,771	21,124	PDF p. 12
OperatingSingapore dollars thousands	26,133	23,702	13,097	PDF p. 12
Before TaxSingapore dollars thousands	22,387	(1,861)	(22,562)	PDF p. 12
After TaxSingapore dollars thousands	7,771	(8,997)	(23,994)	PDF p. 12
Attributable to shareholdersSingapore dollars thousands	9,612	(5,305)	(19,261)	PDF p. 12
Operating CashflowSingapore dollars thousands	16,772	4,262	19,396	PDF p. 12
Earnings per Share (cents) - Basiccents per share	0.70	(0.38)	(1.39)	PDF p. 12
- Dilutedcents per share	0.70	(0.38)	(1.39)	PDF p. 12
Shares used in calculating EPS (millions) - Basicshares millions	1,379	1,379	1,385	PDF p. 12
- Dilutedshares millions	1,379	1,379	1,385	PDF p. 12
Issued Share Capital**Singapore dollars thousands	514,654	515,520	516,801	PDF p. 12
Shareholders FundsSingapore dollars thousands	675,168	599,963	589,979	PDF p. 12
Non-current AssetsSingapore dollars thousands	1,164,119	991,823	947,404	PDF p. 12
Current AssetsSingapore dollars thousands	116,742	158,216	152,678	PDF p. 12
Current LiabilitiesSingapore dollars thousands	275,324	269,797	169,459	PDF p. 12
Non-current LiabilitiesSingapore dollars thousands	220,314	184,417	248,767	PDF p. 12
Net Asset Value per Share (cents)cents per share	48.97	43.46	42.52	PDF p. 12
Return on Equity (%)percent	1.4	(0.9)	(3.3)	PDF p. 12
Net Profit/(Loss) Margin (%)percent	9.1	(4.8)	(17.1)	PDF p. 12

Definitions & sources

Original report: PDF p. 12 ↗

Currency thousands except explicit cents, shares millions and percent rows. Footnotes preserve adjusted EBITDA basis and share-capital net-of-treasury basis.

Historical borrowings component reconciliation — FY2024 source / ending 2024

1 metrics

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Historical borrowings component reconciliation — FY2024 source / ending 2024 from Annual Report 2026
Metric / unit	2023Group / Opening balance	2024Group / Cash flows	2024Group / Conversion of convertible bond	2024Group / Foreign currency realignment	2024Group / Accrued loan interest	2024Group / Closing balance	Source
Historical borrowings component reconciliation — FY2024 source / ending 2024
Borrowings (Note 14)Singapore dollars thousands	275,518	(54,820)	(262)	214	4,621	225,271	PDF p. 128

Definitions & sources

Original report: PDF p. 128 ↗

Opening balances, cash movements, noncash changes and closing balance retain their own original physical columns.

Historical borrowings component reconciliation — FY2024 source / ending 2023

1 metrics

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Historical borrowings component reconciliation — FY2024 source / ending 2023 from Annual Report 2026
Metric / unit	2022Group / Opening balance	2023Group / Cash flows	2023Group / Other reserve	2023Group / Foreign currency realignment	2023Group / Accrued loan interest	2023Group / Closing balance	Source
Historical borrowings component reconciliation — FY2024 source / ending 2023
Borrowings (Note 14)Singapore dollars thousands	301,202	(13,018)	(5,150)	(10,848)	3,332	275,518	PDF p. 128

Definitions & sources

Original report: PDF p. 128 ↗

Opening balances, cash movements, noncash changes and closing balance retain their own original physical columns.

Group comprehensive income — FY2023 source

27 metrics

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Group comprehensive income — FY2023 source from Annual Report 2026
Metric / unit	2023Group	2022Group	Source
Group comprehensive income — FY2023 source
RevenueSingapore dollars thousands	110,891	105,371	PDF p. 82
Interest incomeSingapore dollars thousands	1,433	231	PDF p. 82
Other operating incomeSingapore dollars thousands	47,397	48,707	PDF p. 82
Personnel expensesSingapore dollars thousands	(42,500)	(43,796)	PDF p. 82
Other operating expensesSingapore dollars thousands	(73,406)	(64,414)	PDF p. 82
Depreciation and amortisation expensesSingapore dollars thousands	(20,044)	(19,950)	PDF p. 82
Loss allowance on trade receivables, netSingapore dollars thousands	(69)	(16)	PDF p. 82
Reversal of impairment of investments in associatesSingapore dollars thousands	519	-	PDF p. 82
Impairment loss on property, plant and equipmentSingapore dollars thousands	(1,180)	-	PDF p. 82
Fair value (loss)/gain on investment properties, netSingapore dollars thousands	(4,394)	11,621	PDF p. 82
Finance costsSingapore dollars thousands	(19,935)	(19,679)	PDF p. 82
Share of results of joint ventures, net of taxSingapore dollars thousands	-	3,332	PDF p. 82
Share of results of associates, net of taxSingapore dollars thousands	(573)	980	PDF p. 82
(Loss)/profit before income taxSingapore dollars thousands	(1,861)	22,387	PDF p. 82
Income tax expenseSingapore dollars thousands	(7,136)	(14,616)	PDF p. 82
(Loss)/profit after income taxSingapore dollars thousands	(8,997)	7,771	PDF p. 82
Items that may be reclassified subsequently to profit or loss:
Currency exchange differences arising on translating foreign operationsSingapore dollars thousands	(85,659)	(6,065)	PDF p. 82
Total other comprehensive loss, net of taxSingapore dollars thousands	(85,659)	(6,065)	PDF p. 82
Total comprehensive (loss)/income for the financial yearSingapore dollars thousands	(94,656)	1,706	PDF p. 82
Attributable to:
Equity holders of the CompanySingapore dollars thousands	(5,305)	9,612	PDF p. 82
Items that may be reclassified subsequently to profit or loss:
Non-controlling interestsSingapore dollars thousands	(3,692)	(1,841)	PDF p. 82
Net (loss)/profit for the financial yearSingapore dollars thousands	(8,997)	7,771	PDF p. 82
Attributable to:
Equity holders of the CompanySingapore dollars thousands	(80,463)	3,788	PDF p. 82
Items that may be reclassified subsequently to profit or loss:
Non-controlling interestsSingapore dollars thousands	(14,193)	(2,082)	PDF p. 82
Total comprehensive (loss)/income for the financial yearSingapore dollars thousands	(94,656)	1,706	PDF p. 82
Earnings per share (cents)
- Basiccents per share	(0.38)	0.70	PDF p. 82
- Dilutedcents per share	(0.38)	0.70	PDF p. 82

Definitions & sources

Original report: PDF p. 82 ↗

Group and Company financial position — FY2023 source / page 81

37 metrics

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Group and Company financial position — FY2023 source / page 81 from Annual Report 2026
Metric / unit	2023Group	2022Group	2023Company	2022Company	Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands	475,316	602,765	4	6	PDF p. 81
Group and Company financial position — FY2023 source / page 81
Right-of-use assetsSingapore dollars thousands	12,580	2,306	-	-	PDF p. 81
Investment propertiesSingapore dollars thousands	381,908	435,109	-	-	PDF p. 81
Investments in subsidiariesSingapore dollars thousands	-	-	427,548	443,391	PDF p. 81
Investments in joint venturesSingapore dollars thousands	-	218	-	-	PDF p. 81
Investments in associatesSingapore dollars thousands	3,435	3,710	-	-	PDF p. 81
Intangible assetsSingapore dollars thousands	101,119	112,208	83	92	PDF p. 81
Deferred tax assetsSingapore dollars thousands	742	946	-	-	PDF p. 81
Other receivablesSingapore dollars thousands	14,535	4,739	46,597	44,653	PDF p. 81
Restricted bank balancesSingapore dollars thousands	2,188	2,118	-	-	PDF p. 81
SubtotalSingapore dollars thousands	991,823	1,164,119	474,232	488,142	PDF p. 81
Current assets
InventoriesSingapore dollars thousands	61	63	-	-	PDF p. 81
Trade and other receivablesSingapore dollars thousands	33,577	52,590	334,257	267,457	PDF p. 81
Cash and bank balancesSingapore dollars thousands	56,311	64,089	536	131	PDF p. 81
SubtotalSingapore dollars thousands	89,949	116,742	334,793	267,588	PDF p. 81
Non-current assets held for saleSingapore dollars thousands	68,267	-	-	-	PDF p. 81
SubtotalSingapore dollars thousands	158,216	116,742	334,793	267,588	PDF p. 81
Current liabilities
Trade and other payablesSingapore dollars thousands	52,656	60,872	377,895	382,248	PDF p. 81
Course fees received in advanceSingapore dollars thousands	21,219	25,820	-	-	PDF p. 81
Education facilities rental service received in advanceSingapore dollars thousands	1,496	2,506	-	-	PDF p. 81 Label p. 81
Income tax payablesSingapore dollars thousands	15,631	18,889	51	51	PDF p. 81
BorrowingsSingapore dollars thousands	176,002	166,376	27,970	908	PDF p. 81
Lease liabilitiesSingapore dollars thousands	2,793	861	-	-	PDF p. 81
SubtotalSingapore dollars thousands	269,797	275,324	405,916	383,207	PDF p. 81
Net current liabilitiesSingapore dollars thousands	(111,581)	(158,582)	(71,123)	(115,619)	PDF p. 81
Non-current liabilities
Other payablesSingapore dollars thousands	9,592	13,472	-	-	PDF p. 81
BorrowingsSingapore dollars thousands	99,516	134,826	34,904	20,761	PDF p. 81
Lease liabilitiesSingapore dollars thousands	10,377	1,476	-	-	PDF p. 81
Deferred tax liabilitiesSingapore dollars thousands	64,932	70,540	-	-	PDF p. 81
SubtotalSingapore dollars thousands	184,417	220,314	34,904	20,761	PDF p. 81
Net assetsSingapore dollars thousands	695,825	785,223	368,205	351,762	PDF p. 81
Equity
Share capitalSingapore dollars thousands	554,337	554,337	554,337	554,337	PDF p. 81
Treasury sharesSingapore dollars thousands	(38,817)	(39,683)	(38,817)	(39,683)	PDF p. 81
Accumulated profits/(losses) and other reservesSingapore dollars thousands	84,443	160,514	(147,315)	(162,892)	PDF p. 81
Equity attributable to equity holders of the CompanySingapore dollars thousands	599,963	675,168	368,205	351,762	PDF p. 81
Non-controlling interestsSingapore dollars thousands	95,862	110,055	-	-	PDF p. 81
Total equitySingapore dollars thousands	695,825	785,223	368,205	351,762	PDF p. 81

Definitions & sources

Original report: PDF p. 81 ↗

Group changes in equity — FY2023 source / ending 2023

7 metrics

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Group changes in equity — FY2023 source / ending 2023 from Annual Report 2026
Metric / unit	2023Group / Share capital	2023Group / Treasury shares	2023Group / Revaluation reserve	2023Group / Treasury shares reserve	2023Group / Convertible bonds reserve	2023Group / Foreign currency translation reserve	2023Group / Share-based payments reserve	2023Group / Accumulated profits	2023Group / Total attributable to equity holders	2023Group / Non-controlling interests	2023Group / Total equity	Source
Group
Balance at 1 July 2022Singapore dollars thousands	554,337	(39,683)	8,304	-	-	8,041	2,642	141,527	675,168	110,055	785,223	PDF p. 83
Net loss for the yearSingapore dollars thousands	-	-	-	-	-	-	-	(5,305)	(5,305)	(3,692)	(8,997)	PDF p. 83
Other comprehensive lossSingapore dollars thousands	-	-	-	-	-	(75,158)	-	-	(75,158)	(10,501)	(85,659)	PDF p. 83 Label p. 83
Total comprehensive
Total comprehensive loss for the yearSingapore dollars thousands	-	-	-	-	-	(75,158)	-	(5,305)	(80,463)	(14,193)	(94,656)	PDF p. 83 Label p. 83
Share-based paymentSingapore dollars thousands	-	866	-	(758)	-	-	-	-	108	-	108	PDF p. 83
Issuance of convertible bondsSingapore dollars thousands	-	-	-	-	5,150	-	-	-	5,150	-	5,150	PDF p. 83 Label p. 83
Balance at 30 June 2023Singapore dollars thousands	554,337	(38,817)	8,304	(758)	5,150	(67,117)	2,642	136,222	599,963	95,862	695,825	PDF p. 83 Label p. 83

Definitions & sources

Original report: PDF p. 83 ↗

Group changes in equity — FY2023 source / ending 2022

5 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity — FY2023 source / ending 2022 from Annual Report 2026
Metric / unit	2022Group / Share capital	2022Group / Treasury shares	2022Group / Revaluation and other reserves	2022Group / Foreign currency translation reserve	2022Group / Share-based payments reserve	2022Group / Accumulated profits	2022Group / Total attributable to equity holders	2022Group / Non-controlling interests	2022Group / Total equity	Source
Group
Balance at 1 July 2021Singapore dollars thousands	554,337	(39,683)	8,304	13,865	2,642	131,915	671,380	112,137	783,517	PDF p. 84
Net profit for the yearSingapore dollars thousands	-	-	-	-	-	9,612	9,612	(1,841)	7,771	PDF p. 84
Other comprehensive lossSingapore dollars thousands	-	-	-	(5,824)	-	-	(5,824)	(241)	(6,065)	PDF p. 84
Total comprehensive income
Total comprehensive income for the yearSingapore dollars thousands	-	-	-	(5,824)	-	9,612	3,788	(2,082)	1,706	PDF p. 84 Label p. 84
Balance at 30 June 2022Singapore dollars thousands	554,337	(39,683)	8,304	8,041	2,642	141,527	675,168	110,055	785,223	PDF p. 84

Definitions & sources

Original report: PDF p. 84 ↗

Company changes in equity — FY2023 source / ending 2023

5 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity — FY2023 source / ending 2023 from Annual Report 2026
Metric / unit	2023Company / Share capital	2023Company / Treasury shares	2023Company / Treasury shares reserve	2023Company / Convertible bonds reserve	2023Company / Share-based payments reserve	2023Company / Accumulated losses	2023Company / Total equity	Source
Company
Balance at 1 July 2022Singapore dollars thousands	554,337	(39,683)	-	-	2,642	(165,534)	351,762	PDF p. 85
Total comprehensive incomeSingapore dollars thousands	-	-	-	-	-	11,185	11,185	PDF p. 85
Share-based paymentSingapore dollars thousands	-	866	(758)	-	-	-	108	PDF p. 85
Issuance of convertible bondsSingapore dollars thousands	-	-	-	5,150	-	-	5,150	PDF p. 85
Balance at 30 June 2023Singapore dollars thousands	554,337	(38,817)	(758)	5,150	2,642	(154,349)	368,205	PDF p. 85

Definitions & sources

Original report: PDF p. 85 ↗

Company changes in equity — FY2023 source / ending 2022

3 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity — FY2023 source / ending 2022 from Annual Report 2026
Metric / unit	2022Company / Share capital	2022Company / Treasury shares	2022Company / Treasury shares reserve	2022Company / Convertible bonds reserve	2022Company / Share-based payments reserve	2022Company / Accumulated losses	2022Company / Total equity	Source
Company
Balance at 1 July 2021Singapore dollars thousands	554,337	(39,683)	-	-	2,642	(156,404)	360,892	PDF p. 85
Total comprehensive lossSingapore dollars thousands	-	-	-	-	-	(9,130)	(9,130)	PDF p. 85
Balance at 30 June 2022Singapore dollars thousands	554,337	(39,683)	-	-	2,642	(165,534)	351,762	PDF p. 85

Definitions & sources

Original report: PDF p. 85 ↗

Group cash flows — FY2023 source / page 86

31 metrics

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Group cash flows — FY2023 source / page 86 from Annual Report 2026
Metric / unit	2023Group	2022Group	Source
Operating activities
(Loss)/profit before income taxSingapore dollars thousands	(1,861)	22,387	PDF p. 86
Adjustments for:
Adjustments for: Depreciation for property, plant and equipmentSingapore dollars thousands	17,157	18,115	PDF p. 86 Label p. 86
Fair value loss/(gain) on investment properties, netSingapore dollars thousands	4,394	(11,621)	PDF p. 86
Amortisation of right-of-use assetsSingapore dollars thousands	2,645	1,502	PDF p. 86
Loss allowance on trade receivables, netSingapore dollars thousands	69	16	PDF p. 86
Impairment loss on property, plant and equipmentSingapore dollars thousands	1,180	-	PDF p. 86
Reversal of impairment on investments in associatesSingapore dollars thousands	(519)	-	PDF p. 86
Loss on disposal of investment propertiesSingapore dollars thousands	3,571	1,700	PDF p. 86
Amortisation of intangible assetsSingapore dollars thousands	242	333	PDF p. 86
Bad trade receivables written offSingapore dollars thousands	201	162	PDF p. 86
Finance costsSingapore dollars thousands	19,935	19,679	PDF p. 86
Interest incomeSingapore dollars thousands	(1,433)	(231)	PDF p. 86
Gain on disposal of non-current assets held for saleSingapore dollars thousands	-	(36,866)	PDF p. 86
Gain on disposal of property, plant and equipment, netSingapore dollars thousands	(8)	(52)	PDF p. 86
Gain on lease modificationSingapore dollars thousands	(61)	(306)	PDF p. 86
Property, plant and equipment written offSingapore dollars thousands	2	18	PDF p. 86
Write back of accrued capital expenditureSingapore dollars thousands	-	(34)	PDF p. 86
Share of results of joint venturesSingapore dollars thousands	-	(3,332)	PDF p. 86
Share of results of associatesSingapore dollars thousands	573	(980)	PDF p. 86
Unrealised foreign exchange gain, netSingapore dollars thousands	(22,069)	(2,385)	PDF p. 86
Operating cash flows before movements in working capitalSingapore dollars thousands	24,018	8,105	PDF p. 86
InventoriesSingapore dollars thousands	3	18	PDF p. 86
Trade and other receivablesSingapore dollars thousands	5,493	5,072	PDF p. 86
Course fees received in advanceSingapore dollars thousands	(3,107)	12,066	PDF p. 86
Education facilities rental service received in advanceSingapore dollars thousands	(832)	1,377	PDF p. 86
Trade and other payablesSingapore dollars thousands	1,409	21,980	PDF p. 86
Cash generated from operationsSingapore dollars thousands	26,984	48,618	PDF p. 86
Interest paidSingapore dollars thousands	(16,192)	(23,605)	PDF p. 86
Interest receivedSingapore dollars thousands	1,554	174	PDF p. 86
Income tax paid, netSingapore dollars thousands	(8,084)	(8,415)	PDF p. 86
Net cash generated from operating activitiesSingapore dollars thousands	4,262	16,772	PDF p. 86

Definitions & sources

Original report: PDF p. 86 ↗

Group cash flows — FY2023 source / page 87

25 metrics

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Group cash flows — FY2023 source / page 87 from Annual Report 2026
Metric / unit	2023Group	2022Group	Source
Investing activities
Additions of intangible assetsSingapore dollars thousands	(5)	(146)	PDF p. 87
Payments for property, plant and equipmentSingapore dollars thousands	(14,527)	(32,454)	PDF p. 87
Advance payment for investment propertiesSingapore dollars thousands	(10,638)	-	PDF p. 87
Advance payment for construction projectSingapore dollars thousands	(1,802)	-	PDF p. 87
Additions of right-of-use-assetsSingapore dollars thousands	(52)	-	PDF p. 87
Additions of investment propertiesSingapore dollars thousands	(4,113)	(889)	PDF p. 87
Proceeds from disposal of subsidiarySingapore dollars thousands	14,370	42,239	PDF p. 87
Proceeds from disposal of non-current assets held for saleSingapore dollars thousands	-	46,075	PDF p. 87
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands	36	221	PDF p. 87
Proceeds from disposal of investment propertiesSingapore dollars thousands	18,920	1,557	PDF p. 87
Return of capital from joint ventureSingapore dollars thousands	218	-	PDF p. 87
Return of capital from an associateSingapore dollars thousands	-	3,279	PDF p. 87
Net cash generated from investing activitiesSingapore dollars thousands	2,407	59,882	PDF p. 87
Financing activities
(Increase)/decrease in bank balances pledged and restricted cash, netSingapore dollars thousands	(8,445)	28,941	PDF p. 87
Repayment of loan to a director, netSingapore dollars thousands	(4,366)	(7,868)	PDF p. 87
Advance from third partySingapore dollars thousands	7,953	-	PDF p. 87
Proceed from convertible bonds, netSingapore dollars thousands	37,800	-	PDF p. 87
Drawdown of bank borrowingsSingapore dollars thousands	22,273	11,226	PDF p. 87
Repayment of bank borrowingsSingapore dollars thousands	(73,091)	(99,631)	PDF p. 87
Repayment of principal portion of lease liabilitiesSingapore dollars thousands	(1,448)	(1,272)	PDF p. 87
Repayment of interest portion of lease liabilitiesSingapore dollars thousands	(562)	(154)	PDF p. 87
Net cash used in financing activitiesSingapore dollars thousands	(19,886)	(68,758)	PDF p. 87
Net change in cash and cash equivalentsSingapore dollars thousands	(13,217)	7,896	PDF p. 87
Cash and cash equivalents at beginning of financial yearSingapore dollars thousands	37,423	29,527	PDF p. 87
Cash and cash equivalents at end of financial yearSingapore dollars thousands	24,206	37,423	PDF p. 87

Definitions & sources

Original report: PDF p. 87 ↗

PPE cash-flow reconciliation — FY2023 source

4 metrics

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PPE cash-flow reconciliation — FY2023 source from Annual Report 2026
Metric / unit	2023Group	2022Group	Source
Note A
Additions of property, plant and equipmentSingapore dollars thousands	2,281	27,432	PDF p. 88
PPE cash-flow reconciliation — FY2023 source
Decrease in other payables in relation to property, plant and equipmentSingapore dollars thousands	12,246	9,723	PDF p. 88
Increase in advance payment for constructionSingapore dollars thousands	-	(4,701)	PDF p. 88
Payments for property, plant and equipment per consolidated statement of cash flowsSingapore dollars thousands	14,527	32,454	PDF p. 88 Label p. 88

Definitions & sources

Original report: PDF p. 88 ↗

Historical borrowings component reconciliation — FY2023 source / ending 2023

1 metrics

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Historical borrowings component reconciliation — FY2023 source / ending 2023 from Annual Report 2026
Metric / unit	2022Group / Opening balance	2023Group / Cash flows	2023Group / Other reserve	2023Group / Foreign currency realignment	2023Group / Accrued loan interest	2023Group / Closing balance	Source
Historical borrowings component reconciliation — FY2023 source / ending 2023
Borrowings (Note 15)Singapore dollars thousands	301,202	(13,018)	(5,150)	(10,848)	3,332	275,518	PDF p. 88

Definitions & sources

Original report: PDF p. 88 ↗

Opening balances, cash movements, noncash changes and closing balance retain their own original physical columns.

Historical borrowings component reconciliation — FY2023 source / ending 2022

1 metrics

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Historical borrowings component reconciliation — FY2023 source / ending 2022 from Annual Report 2026
Metric / unit	2021Group / Opening balance	2022Group / Cash flows	2022Group / Other reserve	2022Group / Foreign currency realignment	2022Group / Accrued loan interest	2022Group / Closing balance	Source
Historical borrowings component reconciliation — FY2023 source / ending 2022
Borrowings (Note 15)Singapore dollars thousands	391,372	(88,405)	-	(3,967)	2,202	301,202	PDF p. 88

Definitions & sources

Original report: PDF p. 88 ↗

Opening balances, cash movements, noncash changes and closing balance retain their own original physical columns.

Where the money comes from

Segment information

By business

Operating segments – Group, year ended 30 June 2026 ($'000) 15 lines

Operating segments – Group, year ended 30 June 2026 ($'000)
Item / unit	2026Education	2026Education Facilities Rental Service	2026Real Estate Investment & Development	2026Corporate & Others	2026Total	Source
Operating segments 2026
Revenue from external customers$'000	97,232	8,636	955	-	106,823	PDF p. 185
Inter-segment revenue$'000	3,085	1,050	106	37,359	41,600	PDF p. 185
Interest income$'000	83	16	-	23	122	PDF p. 185
Finance costs$'000	(4,662)	(2,108)	(913)	(8,958)	(16,641)	PDF p. 185
Depreciation and amortisation$'000	(12,170)	(919)	(4,586)	(39)	(17,714)	PDF p. 185
Share of results from associates$'000	-	(1,155)	-	(89)	(1,244)	PDF p. 185
Reportable segment (loss)/ profit before income tax$'000	(9,296)	(1,353)	(11,219)	28,647	6,779	PDF p. 185
Net (loss)/profit for the financial year$'000	(19,566)	(3,050)	(12,043)	28,307	(6,352)	PDF p. 185
Other information 2026
Additions to property, plant and equipment$'000	28,119	601	-	-	28,720	PDF p. 185
Additions to right-of-use assets$'000	1,535	-	-	-	1,535	PDF p. 185
Additions to investment properties$'000	-	305	-	-	305	PDF p. 185
Additions to intangible assets$'000	61	-	-	-	61	PDF p. 185
Investment in associates$'000	-	836	-	126	962	PDF p. 185
Segment assets$'000	367,447	223,880	226,662	13,860	831,849	PDF p. 185
Segment liabilities$'000	(75,560)	(34,326)	(27,159)	(40,801)	(177,846)	PDF p. 185

Notes

Values in order: Education, Education Facilities Rental Service, Real Estate Investment & Development, Corporate & Others, Total. Negative amounts shown in parentheses as printed.

Operating segments – Group, year ended 30 June 2025 ($'000) 14 lines

Operating segments – Group, year ended 30 June 2025 ($'000)
Item / unit	2025Education	2025Education Facilities Rental Service	2025Real Estate Investment & Development	2025Corporate & Others	2025Total	Source
Operating segments 2025
Revenue from external customers$'000	101,932	8,272	1,506	-	111,710	PDF p. 186
Inter-segment revenue$'000	4,244	1,058	(2,239)	3,156	6,219	PDF p. 186
Interest income$'000	151	6	4	-	161	PDF p. 186
Finance costs$'000	(1,475)	(2,421)	(910)	(11,834)	(16,640)	PDF p. 186
Depreciation and amortisation$'000	(12,845)	(804)	(4,532)	(40)	(18,221)	PDF p. 186
Share of results from associates$'000	(3)	(396)	-	220	(179)	PDF p. 186
Reportable segment profit/ (loss) before income tax$'000	26,334	(11,641)	(6,050)	95	8,738	PDF p. 186
Net profit/(loss) for the financial year$'000	24,401	(13,594)	(6,523)	74	4,358	PDF p. 186
Other information 2025
Additions to property, plant and equipment$'000	6,696	11	3	-	6,710	PDF p. 186
Additions to right-of-use assets$'000	1,208	-	-	-	1,208	PDF p. 186
Additions to investment properties$'000	-	567	-	-	567	PDF p. 186
Investment in associates$'000	-	1,568	-	212	1,780	PDF p. 186
Segment assets$'000	380,722	218,132	219,967	82,208	901,029	PDF p. 186
Segment liabilities$'000	(73,237)	(35,151)	(33,328)	(163,982)	(305,698)	PDF p. 186

Notes

Values in order: Education, Education Facilities Rental Service, Real Estate Investment & Development, Corporate & Others, Total.

Reconciliation of reportable segment assets and liabilities – Group 6 lines

Reconciliation of reportable segment assets and liabilities – Group
Item / unit	2026Group	2025Group	Source
Assets
Total assets for reportable segments$'000	832,811	902,809	PDF p. 187
Unallocated assets$'000	136,963	115,942	PDF p. 187
Consolidated total assets$'000	969,774	1,018,751	PDF p. 187
Liabilities
Total liabilities for reportable segments$'000	(177,846)	(305,698)	PDF p. 187
Unallocated liabilities$'000	(74,643)	(72,492)	PDF p. 187
Consolidated total liabilities$'000	(252,489)	(378,190)	PDF p. 187

Notes

Reconciliations of reportable segment assets and liabilities to the total assets and total liabilities in the consolidated statement of financial position.

By geography

Geographical segments – Group 2 lines

Geographical segments – Group
Item / unit	2026ASEAN	2026North Asia	2026South Asia	2026Australasia	2026Europe	2026Total	Source
30 June 2026
Revenue from external customers$'000	57,911	45,860	166	-	2,886	106,823	PDF p. 187
Non-current assets$'000	262,209	528,655	11,100	1,125	83,718	886,807	PDF p. 187

Notes

2026 values in order ASEAN, North Asia, South Asia, Australasia, Europe, Total. Revenue based on region where services are rendered/customers located; non-current assets by location of assets (PPE, ROU assets, investment properties, investment in joint venture, associates and intangibles).

Singapore and the People’s Republic of China contributed revenue of $15,212,000 and $45,860,000 (2025: $15,537,000 and $52,998,000) respectively. Non-current assets in Singapore and the People’s Republic of China amounted to $71,309,000 and $528,655,000 (2025: $69,709,000 and $563,717,000) respectively.

Geographical segments – Group (30 June 2025) 2 lines

Geographical segments – Group (30 June 2025)
Item / unit	2025ASEAN	2025North Asia	2025South Asia	2025Australasia	2025Europe	2025Total	Source
30 June 2025
Revenue from external customers$'000	55,341	52,998	186	-	3,185	111,710	PDF p. 187
Non-current assets$'000	232,600	563,717	11,144	958	80,128	888,547	PDF p. 187

Notes

2025 values in order ASEAN, North Asia, South Asia, Australasia, Europe, Total; comparative block labelled 30 June 2025 on the same table.

Debt

Borrowings

Lease liabilities - maturity analysis

Lease liabilities - maturity analysis — Group
Item / unit	2026$'000	2025$'000	Source
Contractual undiscounted cash flows
- Not later than a year$'000	4,061	3,995	PDF p. 166
- Between one and five years$'000	3,586	7,367	PDF p. 166
- More than five years$'000	-	2	PDF p. 166
Maturity analysis
Less: Future interest expense$'000	(429)	(1,218)	PDF p. 166
Present value of lease liabilities$'000	7,218	10,146	PDF p. 166
Presented in consolidated statement of financial position
- Non-current$'000	3,453	6,739	PDF p. 166
- Current$'000	3,765	3,407	PDF p. 166

Notes

Total undiscounted cash flows 7,647 (2026) and 11,364 (2025) are printed as an unlabelled subtotal.

Note 34(d) Liquidity risk - Group maturity profile of borrowings and lease liabilities (contractual undiscounted cash flows incl. interest)

Note 34(d) Liquidity risk - Group maturity profile of borrowings and lease liabilities (contractual undiscounted cash flows incl. interest) — Group
Item / unit	2026within one financial year, $'000	2026more than one financial year, $'000	2026total, $'000	2026carrying amount, $'000	Source
Group 2026
Borrowings$'000	14,721	89,843	104,564	86,202	PDF p. 195
Lease liabilities$'000	4,061	3,586	7,647	7,218	PDF p. 195

Notes

Contractual undiscounted cash flows (including interest payments).

Note 34(d) Liquidity risk - Group maturity profile (2025)

Note 34(d) Liquidity risk - Group maturity profile (2025) — Group
Item / unit	2025within one financial year, $'000	2025more than one financial year, $'000	2025total, $'000	2025carrying amount, $'000	Source
Group 2025
Borrowings$'000	123,013	127,037	250,050	208,741	PDF p. 195
Lease liabilities$'000	3,995	7,369	11,364	10,146	PDF p. 195

Notes

Contractual undiscounted cash flows (including interest payments).

Note 34(d) Liquidity risk - Company maturity profile of borrowings

Note 34(d) Liquidity risk - Company maturity profile of borrowings — Company
Item / unit	2026within one financial year, $'000	2026more than one financial year, $'000	2026total, $'000	2026carrying amount, $'000	Source
Company 2026
Borrowings$'000	2,317	39,649	41,966	36,016	PDF p. 195

Notes

Contractual undiscounted cash flows (including interest payments).

Note 34(d) Liquidity risk - Company maturity profile of borrowings

Note 34(d) Liquidity risk - Company maturity profile of borrowings — Company
Item / unit	2026within one financial year, $'000	2026more than one financial year, $'000	2026total, $'000	2026carrying amount, $'000	2025within one financial year, $'000	2025more than one financial year, $'000	2025total, $'000	2025carrying amount, $'000	Source
Company
Borrowings$'000	2,317	39,649	41,966	36,016	6,977	76,127	83,104	61,576	PDF p. 195

Notes

Contractual undiscounted cash flows (including interest payments).

Borrowing notes 3 tables

Borrowings

Borrowings
Item / unit	2026Group, $'000	2025Group, $'000	2026Company, $'000	2025Company, $'000	Source
Current - Bank loans and bank overdrafts
- Secured$'000	9,728	111,920	-	2,077	PDF p. 163
- Unsecured$'000	426	1,485	-	18	PDF p. 163
Current
Total current borrowings (subtotal)$'000	10,154	113,405	-	2,095	PDF p. 163
Non-current - Bank loans
- Secured$'000	40,032	35,855	-	-	PDF p. 163
Non-current - Convertible bonds
- Unsecured(1)$'000	36,016	38,481	36,016	38,481	PDF p. 163
Non-current - Non-convertible bonds
- Unsecured(2)$'000	-	21,000	-	21,000	PDF p. 163
Non-current
Total non-current$'000	76,048	95,336	36,016	59,481	PDF p. 163
Total
Total borrowings$'000	86,202	208,741	36,016	61,576	PDF p. 163

Notes

(1) The convertible bonds bear interest at 6% per annum, payable on a semi-annual basis. The initial conversion price is $0.065 ... maturity date on 23 September 2027. Convertible bonds with principal balance amounted to $4,752,000 were converted to shares.

(2) 5-year 10.5% unsecured non-convertible bonds; fully settled during FY ended 30 June 2026 ($11,750,000 via issuance of ordinary shares, remainder in cash).

The current borrowings have an average maturity of 6 months (2025: 6 months) from the end of the financial year. The non-current borrowings have an average maturity of approximately 2.35 years (2025: 3.33 years).

The effective interest rates of the borrowings range from 1.50% to 13.70% (2025: 1.69% to 13.70%) per annum. Carrying amount approximates fair value.

Security: bank borrowings of $20.4 million (2025: $113.8 million) secured by letter of guarantee by the Company; $Nil (2025: $2.1 million) secured on shares of a subsidiary and a director's personal guarantee; restricted bank balances $2.2 million (2025: $2.2 million); PPE carrying amount $81.5 million (2025: $73.1 million) and investment properties $220.7 million (2025: $207.2 million); non-current asset held for sale $Nil (2025: $68.3 million).

Note 34(c) Borrowings by currency denomination - Group 2026 (SGD, RMB, MYR, CHF, EUR, AUD, THB, USD, INR, Others)

Note 34(c) Borrowings by currency denomination - Group 2026 (SGD, RMB, MYR, CHF, EUR, AUD, THB, USD, INR, Others) — Group
Item / unit	2026SGD $'000	2026RMB $'000	2026MYR $'000	2026CHF $'000	2026EUR $'000	2026AUD $'000	2026THB $'000	2026USD $'000	2026INR $'000	2026Others $'000	Source
Group 2026
Borrowings$'000	(36,016)	(22,002)	(1,835)	(13,955)	(2,349)	-	(4,113)	-	-	(5,932)	PDF p. 190

Notes

Currency columns in order: SGD, RMB, MYR, CHF, EUR, AUD, THB, USD, INR, Others. Note reference 15 appears in the row.

Note 34(c) Borrowings by currency denomination - Group 2025

Note 34(c) Borrowings by currency denomination - Group 2025 — Group
Item / unit	2025SGD $'000	2025RMB $'000	2025MYR $'000	2025CHF $'000	2025EUR $'000	2025AUD $'000	2025THB $'000	2025USD $'000	2025INR $'000	2025Others $'000	Source
Group 2025
Borrowings$'000	(155,218)	(24,607)	(1,851)	(12,027)	(5,988)	-	(2,159)	-	-	(6,891)	PDF p. 191

Notes

Currency columns in order: SGD, RMB, MYR, CHF, EUR, AUD, THB, USD, INR, Others.

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
Dividend Policy	The Company does not have a fixed dividend policy. The form, frequency and amount of dividends will depend on the Company’s earnings, general financial condition, capital requirements, cash flow, general business condition, development plans and other factors as the Directors may deem appropriate.	Company	PDF p. 101

Dividends declared and proposed

Item	Value	Period / scope	Source
special interim one-tier tax exempt dividend	$0.4 cents per ordinary share	FY2026 special interim dividend, one-tier tax exempt	PDF p. 171
Scrip Dividend Scheme	Under the Company’s Scrip Dividend Scheme, eligible shareholders could elect to receive new ordinary shares in lieu of cash, either wholly or partially.	Company, FY2026	PDF p. 171

Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

Item	Value	Period / scope	Source
BDO LLP	BDO LLP	Group and Company, FY ended 30 June 2026	PDF p. 119
Engagement partner	Yeo Siok Yong	Group and Company, FY ended 30 June 2026	PDF p. 119

Going concern

Item	Value	Period / scope	Source
Going concern	no material uncertainty as to the Group’s and Company’s ability to continue as a going concern	Group and Company, 30 June 2026 · As at 2026-06-30	PDF p. 130

Key audit matters

Item	Value	Period / scope	Source
Impairment assessment of goodwill	Impairment assessment of goodwill	Group, FY ended 30 June 2026	PDF p. 115
Valuation of investment properties	Valuation of investment properties	Group, FY ended 30 June 2026	PDF p. 116

Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow Annual Report 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Four verified official reports (FY2023–FY2026; 778 pages) support primary comparisons for FY2022–FY2026. Group comprehensive income, Group/Company financial position and changes in equity, Group cash flows and their monetary reconciliation notes are retained. Separate Company income and cash-flow statements are not disclosed.

Amounts are Singapore dollars thousands except EPS/NAV in cents, summary shares in millions, exact EPS shares in thousands and percentage rows. Latest highlights cover FY2024–FY2026; historical FY2024 highlights supply FY2022–FY2024. The source footnote defines issued share capital net of treasury shares and includes investment-property fair-value changes and disposal losses in adjusted EBITDA. Other management summary subtotals are retained without an undocumented calculation formula.

The FY2026 dividend of SGD6,158 thousand comprises SGD3,820 thousand satisfied through scrip and SGD2,338 thousand paid in cash. Share issuance and debt conversions are distinguished from cash movements.

The subsidiary acquisition note (physical page 147) reports SGD5,305 thousand and the cash-flow statement (physical page 127) prints SGD5,306 thousand. Both original values are retained without an invented explanation.

The EPS note prints Basic in all four share-count column headings, with each year’s values duplicated. Original headings and counts are retained; options and convertible-bond effects were excluded as anti-dilutive. Basic/diluted EPS both reproduce the published rates.

Selected cash, borrowings, reserve and EPS notes supplement the primary statements. Other note tables are not claimed as extracted. Original comparative versions and source pages remain separately traceable.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.