(Company Registration No. 201131905D) (Incorporated in Republic of Singapore) (the "Company")
PROFIT GUIDANCE FOR THE HALF YEAR ENDED 30 JUNE 2025The Board of Directors (the "Board") of Overseas Education Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that, based on the preliminary review of the draft unaudited consolidated financial results of the Group for the half year ended 30 June 2025 ("H1 2025"), the Group is expected to report a materially lower profit before income tax for H1 2025, compared to the previous financial period ended 30 June 2024 ("H1 2024").
The expected material decline in profit before income tax for H1 2025 is attributable to the decline in revenue due to lower than expected new student enrolment and increase in operating expenses due to cost inflation including the reversal of the fair value from the hedging interest-rate-swap contracts.
The Company is still in the process of finalising the unaudited financial results for H1 2025 and further details of the Group's financial performance for H1 2025 will be disclosed when the Group announces its financial results for H1 2025.
Shareholders and investors are advised to exercise caution when dealing in the shares of the Company. Persons who are in doubt as to the action they should take, should consult their stockbrokers, bankers, solicitors or other professional advisers before making any investment decision or trading in the shares of the Company.
By Order of the Board of
OVERSEAS EDUCATION LIMITEDTan Swee Gek Company Secretary 30 July 2025