Trading update and business review

Fairview, the operator of International Baccalaureate ("IB")-focused international schools and developer of scalable education services, is pleased to provide a trading update ahead of publishing its interim results for the six-month period ended 31 December 2025, together with an update on the Board's business review meeting which took place earlier this month.

Preliminary results for the six months ended 31 December 2025

The Board is pleased to announce that revenue earned for the six months ended 31 December 2025 increased by £198,000 (or 7%) to £2.98 million, up from £2.78 million in the corresponding period in the previous year. This improvement is primarily attributed to the increase in the student fees and ancillary income. Student numbers rose by 2% over the period to 723 as at 31 December 2025 from 710 at the beginning of the financial period. Gross profit grew over the six-month period by 13% to £1.59 million from £1.40 million earned in the corresponding six-month period ended 31 December 2024. The increase in gross profit reflects improving operating leverage across the Group's largely fixed-cost base.

The Board expects to publish the Company's unaudited consolidated interim results for the six months to 31 December 2025 in mid-March 2026.

Academic excellence

Fairview's academic results continue to be a key differentiator and for the sixth consecutive year the Fairview Kuala Lumpur campus was ranked in the top 100 IB schools globally and second in Malaysia.

Business review and developments

Alongside continued operational progress within the Group's schools, the Board has initiated a detailed business review focused on both strengthening earnings generation from the Group's education IP and hybrid delivery capabilities, as well as clarifying Fairview's long-term positioning beyond individual school assets. An important element in future proofing Fairview is ensuring that the Company has a sustainable supply chain of new teachers. The recent Memorandum of Understanding, entered into between the Arts University Bournemouth and University College Fairview, for an exploratory partnership to examine creative education collaboration in Malaysia, provides the opportunity for UK students and graduates to enjoy work experience and take post graduate teaching roles in the Fairview network of schools.

The Group's campus in Johor Bahru is also set to benefit operationally, and through property development opportunities, from the Johor-Singapore Special Economic Zone (JS-SEZ), a landmark cross border economic region covering 500 km2 across southern Johor State.

Dr Vincent Chian, Chief Operating Officer, and head of business development, at Fairview, commented: "While we still have considerable capacity before we reach the student numbers that our two campuses can accommodate, our strong business model allows us to trade profitably and provide a clear path for growing income as the majority of our costs are fixed. In addition, we have the potential to leverage from our educational IP and collateral platform both in Malaysia and overseas, and from our property assets in Johor Bahru."