Borrowing was also lower to $85.0 million in the same period, compared to $260.8 million a year ago.
Raffles Education (SGX:NR7
) has reported profit after tax of $24.2 million for 9MFY2026 ended March 31, jumped by 274% y-o-y. However, adjusted EBITDA was marginally lower by 5% y-o-y to $22.7 million.
Meanwhile, net cash generated from operating activities increased to $16.3 million in 9MFY2026, driven by advance course fee collections. With the various deleveraging and asset monetisation initiatives, Raffles Education’s cash and bank balances increased to $46.2 million, compared against the figure of $16.9 million as at June 30, 2025.
