Notice of interim results and change of year end
Malvern International PLC will release its interim results for the six months ending June 30, 2025, on September 30, 2025. The company is also changing its financial year-end from December 31 to September 30. This means the current financial year will be shortened to nine months, ending September 30, 2025, with audited results expected by March 31, 2026. Following this, unaudited interim results for the six months ending March 31, 2026, will be published by June 30, 2026, and audited final results for the 12 months ending September 30, 2026, will be available by March 31, 2027. The change aligns the reporting calendar with the UK university academic year for clearer performance assessment.
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Malvern International plc (AIM: MLVN), the global learning and skills development partner, will announce its interim results for the six months ended 30 June 2025 on 30 September 2025.
The Board also announces a change to the Company's financial reporting date from 31 December to 30 September. The reasoning for this is outlined below.
The effect of this change is that the current financial year will be shortened by three months to nine months in length, ending on 30 September 2025. The Company intends to publish the next audited final results for the nine months ended 30 September no later than 31 March 2026. Thereafter, the Company will publish unaudited interim results for the six months ended 31 March 2026 no later than 30 June 2026, and the audited final results for 12 months ended 30 September 2026 no later than 31 March 2027.
Under the current reporting date, the Company is required to blend two-thirds of one academic year with a third of the following academic year when calculating student numbers in University Partnerships. Furthermore, the final number of students can fluctuate greatly in the lead up to and start of the autumn and spring terms as international students are subject to visa applications and last-minute changes to their plans.
The Board's decision to change the financial reporting date to 30 September aligns Malvern's financial reporting calendar with the UK university academic year, enabling a clearer assessment of the operating and financial performance of University Partnerships. In addition, with the majority of university students starting in September, Malvern will have greater clarity on the final student intake at its financial year end, allowing for more accurate forecasting. Finally, with the peak season of Junior ELT in July and August, and a proportion of these revenues being collected in September, the performance of this division will no longer be divided between the first and second half of the year.
Mark Elliott, Chairman of Malvern, said: "The rapid growth of University Partnerships has made the challenge of maintaining a December year-end more pronounced, as our business model increasingly aligns with the academic year. We have therefore taken this opportunity to adjust our reporting period at a time of strong momentum in this area of the business. This change will enable us to provide investors with greater clarity on both our performance and our future prospects."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.