Unaudited interim results to 31 December 2025

Fairview International

12/03/2026 07:00

RNS Number : 3097W

Fairview International PLC

12 March 2026

 

 

Fairview International PLC

("Fairview" or the "Company" or the "Group")

 

Half Yearly Report

 

Interim Management Report and Unaudited Condensed Interim Financial Statements

for the six-month period ended 31 December 2025

 

Fairview, the operator of international schools following the International Baccalaureate curriculum, is pleased to provide its unaudited interim results for the six-month period ended 31 December 2025 ("H1 2026") and provide an update on year-to-date trading. Comparative data is provided for the six months ended 31 December 2024 ("H1 2025") unless otherwise stated.

 

Financial Highlights

 

·     Revenue increased by 7.1% to £2.98 million (H1 2025: £2.78 million)

·     New student enrolments and applications show a 1.8% improvement on student numbers, net of graduating students

·     Gross profit increased to 53.3% (H1 2025: 50.4%)

·     Profit before tax increased by 121.8% to £1.22 million (H1 2025: £0.55 million)

·     Profit after tax rose by 257.7% to £0.93 million (H1 2025: £0.26 million)

·     Earnings per share 0.16p (H1 2025: 0.08p)

 

Operational Highlights

 

·     Fairview's academic results continue to be a key differentiator. For the sixth consecutive year, the Kuala Lumpur campus was ranked in the top 100 International Baccalaureate ("IB") schools globally and second in Malaysia.

·     Marketing efforts in Malaysia and in Asia Pac are showing increasing traction with families

·     Developing close contacts with UK Universities to build a path for graduates seeking international teaching qualifications and experience.

·     Exploring expansion of the Group's schools premises in Malaysia.

·     Initial exploration of property development opportunities at the School site in Johor Bahru.

 

Dr Vincent Chian, Chief Operating Officer of Fairview, discusses the Company's operations and H1 2026 with focusIR here: https://media.focusir.com/FairviewInternational1H26Results

 

Business review and developments

Alongside continued operational progress within the Group's schools, the Board is progressing 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. As referred to previously, 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.

 

Outlook

Fairview entered 2026 with 723 students enrolled across our two schools, representing a 1.8 per cent increase from 1 July 2025. The increase in enrolments and applications is particularly encouraging given the additional resources we have invested in marketing our schools since the IPO. These initiatives are beginning to show positive results and we expect this momentum to continue ahead of the start of our FY26/27 academic year.

 

Daniel Chian, Chairman of Fairview, said: "I am pleased to present our interim results for the six months ended 31 December 2025.  The Group's half year results are based on the continued hard work of the executive team, to whom considerable thanks is due, the quality of our underlying operational systems and the robustness of our business model.  We are one of very few companies from Malaysia to achieve this milestone and, likewise, one of very few international school businesses to be quoted on a global stock exchange. The exposure that this has given us, as well as the validation of the quality of our management, should not be underestimated and we are already seeing how this distinction is benefitting our schools.

 

"Since completing our IPO, we have continued to assess opportunities to expand our business, examining both acquisitions and new builds, applying the criteria of economic growth, demand for quality education and sustainability in their assessments. As well as South-East Asia, and Asia generally, which holds a number of attractions given the rising demand for international education, the United Kingdom continues to present opportunities, reflecting both the positive attitudes of Asian families towards International education and the growing interest in the IB curriculum.

 

"We believe that our team has the skills and experience to adapt to the challenges presented by global economic conditions and to continue to build the business by capitalising on the opportunities that are expected to arise through the rest of 2026 and beyond."

 

For further information, please contact:

 

Fairview International PLC
Daniel Chian, Chairman
via focusIR
Website: www.fairviewplc.uk
focusIR (Investor Relations)
Kat Perez
Tel: +44 (0) 7881 622 830
kat.perez@focusIR.com


Notes to Editors

 

About Fairview International PLC

 

Fairview International PLC is an IB-focused education group headquartered in Malaysia. The Company owns and operates two private independent schools offering the IB programme - one in Kuala Lumpur and one in Johor Bahru, near the Singapore border. Founded in 1978, the Fairview brand has developed a long-standing reputation for academic excellence and IB delivery. The Kuala Lumpur campus is recognised as the flagship school and has been ranked among the top IB schools globally in recent years. The Johor Bahru campus serves a diverse and internationally focused student base, including families connected to the Singapore market.

 

In addition to its owned campuses, three other schools in Malaysia and one in the United Kingdom trade under the Fairview brand under licence arrangements. These schools are under common control but are held outside the Group. All Fairview-branded schools are individually accredited by the International Baccalaureate Organisation to deliver the IB Primary Years and Middle Years Programmes, with Fairview Kuala Lumpur also authorised to offer the IB Diploma Programme.

 

Beyond operating schools, Fairview is developing scalable education services designed to strengthen earnings resilience and long-term growth. These include teacher training pathways, hybrid and online learning capability, and codified academic systems that support both its own campuses and potential partner institutions.

 

The Directors believe that rising demand for internationally recognised qualifications across ASEAN and Asia generally, combined with increasing global mobility among families, creates attractive opportunities for high-quality, repeatable IB-focused education systems.

 

Website
www.fairviewplc.uk
Social media
https://x.com/fairviewplc
https://www.linkedin.com/company/fairview-international-plc/

 

 

Chairman's Report

 

I am pleased to present our second set of interim results since joining the London Stock Exchange in October 2024. Our IPO marked a significant milestone in the development of Fairview. We are one of very few companies from Malaysia to achieve this milestone and, likewise, one of very few international school businesses to be quoted on a global stock exchange. The exposure this provides, together with the validation of the quality of our management and academic model, should not be underestimated and we are already seeing how this distinction is benefitting our schools.

 

One of our most significant KPIs is student numbers. The mid-year typically sees a seasonal decline, often due to expatriate job relocations at the calendar year end, and 2025 was no exception. However, we entered 2026 with 723 students enrolled across our two schools, representing a 1.8 per cent increase from 1 July 2025. The increase in enrolments and applications is particularly encouraging given the additional resources we have invested in marketing our schools since the IPO. These initiatives are beginning to show positive results and we expect this momentum to continue ahead of the start of our FY26/27 academic year.

 

Since our IPO, the Board has also undertaken a review of how Fairview can build upon its strong academic reputation and operational platform. While the Group currently operates two owned campuses within the Fairview network, we believe the longer-term opportunity lies in developing Fairview as a scalable education platform combining high-quality campus delivery with codified academic systems, teacher development pathways and hybrid learning capability.

 

The Board believes Fairview has the potential to evolve from a small number of owned campuses into a scalable international education platform combining high-quality physical schools with codified academic systems, hybrid delivery capability and teacher development pathways. This approach will allow the Group to expand both through increased income generated from physical campuses and through the broader application of its educational systems and academic expertise.

 

Our campuses currently operate significantly below their maximum student capacity, providing substantial organic growth potential with relatively limited incremental cost. As enrolment grows, the inherent operating leverage within the Group's business model becomes increasingly evident. Alongside this, we are exploring ways to leverage the Group's academic systems and digital capabilities to support future hybrid and international delivery models. These initiatives, together with selective expansion opportunities and the development potential associated with our Johor Bahru site, provide the Board with confidence that Fairview is well positioned to build a broader and more resilient international education platform over time.

 

Since completing our IPO, we have also continued to assess opportunities to expand our business, examining both acquisitions and new developments using criteria such as economic growth, demand for quality education and long-term sustainability. South-East Asia remains an attractive region for international education, while the United Kingdom continues to present selective opportunities, particularly as some schools face structural pressures from changing regulatory and cost environments. The Board remains disciplined in evaluating such opportunities and will prioritise those that strengthen the Group's long-term strategy and operational platform.

 

Despite the seasonal impact on student numbers, we nevertheless increased revenues for the period by 7.1 per cent to £2.98 million (2024: £2.78 million). This growth was primarily driven by increased student enrolment together with ancillary revenue streams such as excursions, expeditions and school services.

 

The continued focus on managing our operating and administrative cost base has improved our gross profit margin for the period to 53.3 per cent (2024: 50.4 per cent). As enrolment continues to grow, we expect the operating leverage inherent within the Group's model to support further improvements in financial performance.

 

The Group also expects to benefit from the roll out of the Johor-Singapore Special Economic Zone (JSSEZ), which is expected to drive economic development and population growth in Johor Bahru over the coming years. This creates additional opportunities for student enrolment growth as well as potential development opportunities associated with the Group's site in Johor Bahru.

 

Looking ahead, the Board believes Fairview is well positioned to capitalise on the growing global demand for high-quality international education. By combining strong academic outcomes, a disciplined operating model and the continued development of scalable educational capabilities, we believe the Group has the potential to build a larger and more resilient international education business over time.

 

Financial review

Profit from ordinary business activities before tax of £1.22million (2024: £1.12m) and profit after tax of £0.93 million (2024: £0.26 million) increased mainly due to the continuous costs control for the operations, lesser professional fees at the schools level and the absence of the exceptional costs associated to the Company's IPO and those related to the pre-IPO group reconstruction in the current period (2024: £0.58 million), which are one-off in nature. The Board continues to manage its budget tightly and the Company benefits from resource sharing within the Fairview network.

 

No significant purchases of fixed assets were made in the current period. The increase in the carrying amounts are mainly reflects the strengthening of Ringgit Malaysia ("RM") against the Sterling ("£"), where £1.00 is convertible to RM5.45 as compared to RM5.77 on 30 June 2025.

 

The Company entered into a Sale and Purchase Agreement in the previous financial year ended 30 June 2025 for the disposal of an asset held for sale for a total cash consideration of £990,000. The disposal was completed in the current period with a gain on disposal of £35,000.

 

The increase in current assets is primarily due to receivables from sister schools relating to central office cost allocations by Fairview Kuala Lumpur, as at the balance sheet date, which will be settled in the normal course of operations.

 

There are no major changes to the current liabilities other than the unearned portion of the school fees as at 31 December 2025 compared to the balance as at 30 June 2025, as slower payment of school fees are generally observed during the month of December due to the holidays at the calendar year-end. Long term liabilities reduced as the Group continued to repay respective bank borrowings.

 

The increase of total equity to £7.04 million as at 31 December 2025 from £5.76 million as at 30 June 2025 is contributed by the net earnings for the current six months and the foreign exchange reserve due to the stronger RM against £, arising from the translation of the financial statements of the foreign operations whose functional currencies are different from that of the Company's presentation currency.

 

Both of Fairview's schools have the capacity to accommodate significantly higher student numbers, with maximum capacities of 1,500 students in Kuala Lumpur and 750 students in Johor Bahru. With the Group currently operating at around one third of this capacity while already trading profitably, the potential economies of scale within the business model provide a strong foundation for future growth.

 

Related Party Transactions

Significant related party transactions have been disclosed in Note 21 to the unaudited condensed interim financial statements. There are no material changes to the related party transactions disclosed in the last Annual Report for the year ended 30 June 2025.

 

Principal Risks and Uncertainties

The principal risks and uncertainties which have been identified below and the steps which are taken by the Board to mitigate them are disclosed in further detail within the Company's Annual Report for the year ended 30 June 2025. The Board does not consider these risks and uncertainties to have changed materially during the six months ended 31 December 2025 and these risks are considered to remain relevant for the final six months of the financial year.

 

Principal Risks:

·   Regulatory risk

·   Competition

·   Safeguarding

·   Operational risk

·   Expansion risk

·   People risk

·   Information systems and cyber-risk

·   Financial risks (Liquidity, Credit and Currency risks)

·   Fraud risk

Principal Uncertainty

The Board considers a potential economic downturn to be the principal uncertainty facing the Company's business.

 

Responsibility Statement

We confirm that, to the best of our knowledge:

 

(a)    the condensed set of financial statements, prepared in accordance with International Accounting Standard ("IAS") 34 as contained in United Kingdom ("UK") adopted International Financial Reporting Standards ("IFRS"), gives a true and fair view of the assets, liabilities, financial position and profit of the Company and its undertakings taken as a whole;

 

(b)   the Interim Management Report includes a fair review of the information required (important events during the first six months and a description of the principal risks and uncertainties for the remaining six months); and

 

(c)    the Interim Management Report includes a fair review of the information required relating to related party transactions that have materially affected the financial position or performance in the first six months and any material changes to the related party transactions described in the last annual report.

 

Auditors' Involvement Statement

These condensed consolidated interim financial statements have not been reviewed or audited by the Company's auditors.

 

Daniel Chian

Chairman

 

12 March 2026

 

 

Fairview International PLC

Condensed Consolidated Statement of Comprehensive Income

For the six months ended 31 December 2025

Six months
ended
Six months
ended
12 months ended
31 December 2025
31 December 2024
30 June
2025
Note
(Unaudited)£'000
(Unaudited) £'000
(Audited) £'000
Revenue
3
2,982
2,784
5,342
Cost of sales
(1,394)
(1,382)
(2,606)
Gross profit
1,588
1,402
2,736
Other operating income
549
461
1,161
Administrative expenses
(584)
(359)
(940)
Operating profit
1,553
1,504
2,957
Finance costs
(339)
(382)
(779)
Profit from ordinary activities before taxation
1,214
1,122
2,178
Non-recurring reorganisation and IPO expenses
4
-
(577)
(878)
Profit before taxation
1,214
545
1,300
Income tax expense
5
(283)
(284)
(546)
Profit after taxation
931
261
754
Total comprehensive income
attributable to:
The shareholders of the Company
912
225
724
Non-controlling interest
19
36
30
931
261
754
Basic and diluted 20
earnings per share
attributable to the owners of
the Company (pence)
0.16
0.08
0.13
Alternative Performance Measure
Pro-forma basic and diluted 20
earnings per share before
non-recurring IPO costs
attributable to the owners of
0.16
0.27
0.28


Fairview International PLC

Condensed Consolidated Statement of Financial Position

As at 31 December 2025

31 December 2025
30 June2025
Note
(Unaudited)
£'000
(Audited)
£'000
Non-Current assets
Property, plant and equipment
6
13,782
13,247
Right-of-use assets
7
1,550
1,473
Intangible assets
8
99
136
Total non-current assets
15,521
14,856
Assets held for sale
9
4,245
4,915
Current assets
Inventories
10
51
53
Trade receivables
11
20
26
Other receivables
12
7,427
6,061
Cash and bank balances
13
190
163
Total current assets
11,933
11,218
Total Assets
27,454
26,074
Current liabilities
School fee deposit payables
599
566
Other payables
14
1,292
981
Bank borrowings (secured)
15
4,195
4,154
Unearned portion of school fees received
1,413
1,153
Tax liabilities
421
343
7,920
7,197
Non-Current liabilities
Deferred tax liabilities
16
2,088
1,974
Bank borrowings (secured)
15
6,662
7,500
Other payables
14
3,740
3,648
Total non-current liabilities
12,490
13,122
Total Liabilities
20,410
20,319
Equity
Share capital
17
5,560
5,560
Share premium
18
2,176
2,176
Distributable
13,594
13,594
Exchange reserve
19
433
75
Minority interest
85
66
Merger reserve
(16,440)
(16,440)
Retained earnings
1,636
724
7,044
5,755
Total Equity and Liabilities
27,454
26,074

 Fairview International PLC

Condensed Consolidated Statement of Changes in Equity

For the six months ended 31 December 2025

Share
capital
Share premium
Merger reserve
Exchange reserve
Distributable
Retained earnings
Total attributable to owners of parent
Minority interest
Total equity
£'000
£'000
£'000
£'000
£'000
£'000
£'000
£'000
£'000
Balance at 1 July 2024
5,000
-
(16,440)
34
13,889
-
2,483
36
2,519
Profit for the six months ended 31 December 2024
-
-
-
-
-
724
724
30
754
Dividends paid
Bonus issue
295
-
-
-
(295)
-
-
-
-
Issuance of share capital
265
2,385
-
-
-
-
2,650
-
2,650
Share issuance expenses
-
(209)
-
-
-
-
(209)
-
(209)
Foreign currency translation
-
-
-
41
-
-
41
-
41
Balance at 30 June 2025
5,560
2,176
(16,440)
75
13,594
724
5,689
66
5,755


 

Share
capital
Share premium
Merger reserve
Exchange reserve
Distributable
Retained earnings
Total attributable to owners of parent
Minority interest
Total equity
£'000
£'000
£'000
£'000
£'000
£'000
£'000
£'000
£'000
Balance at 1 July 2025
5,560
2,176
(16,440)
75
13,594
724
5,689
66
5,755
Profit for the six months ended 31 December 2025
-
-
-
-
-
912
912
19
931
Foreign currency translation
-
-
-
358
-
-
358
-
358
Balance at 31 December 2025
5,560
2,176
(16,440)
433
13,594
1,636
6,959
85
7,044

 

Fairview International PLC

Condensed Consolidated Statement of Cash Flows

For the six months ended 31 December 2025

 

 

Six Months ended
Six Months ended
12 months ended
31 December 2025
31 December 2024
30 June
2025
(Unaudited)
£'000
(Unaudited) £'000
(Audited)
£'000
Cash flow from operating activities
Profit for the period before taxation
1,214
545
1,300
Adjustments for:
Amortisation of intangible assets
45
85
101
Depreciation of property, plant and equipment
157
106
321
Depreciation of right-of-use assets
9
9
27
Gain on disposal of assets held for sale
(35)
-
-
Interest expense
339
467
779
Interest income
-
(148)
(246)
Operating cash flows before movements in working capital
1,729
1,064
2,282
Decrease/(Increase) in inventories
3
(28)
6
Decrease/(Increase) in trade receivables
6
(17)
(18)
Increase in other receivables
(1,250)
(446)
(361)
Increase/(decrease) in other payables
697
(1,257)
(5,383)
Cash generated from/(absorbed in) operating activities
1,185
(684)
(3,474)
Tax paid
(227)
(107)
(424)
Net cash generated from/(absorbed in) operating activities
958
(791)
(3,898)
Cash flows from/(for) investing activities
Purchase of property, plant and equipment
(12)
(24)
(24)
Purchase of intangible assets
(1)
(20)
(58)
Proceeds from disposal of assets for sale
873
-
2,031
Interest income received
-
148
246
Net cash generated from/(absorbed in) investing activities
860
104
2,195

 

Cash flows (for)/from financing activities

Drawdown of borrowings
-
-
880
Proceeds from issuance of shares
-
265
2,650
Proceeds from issuance of share premium
-
2,107
-
Share issuance expenses
-
-
(209)
Repayment of bank borrowings
(798)
(376)
(1,437)
Dividend received
-
-
62
Interest paid
(339)
(467)
(779)
Net cash (absorbed in)/generated from
financing activities
(1,137)
1,529
1,167
Net changes in cash and cash equivalents
681
842
(536)
Cash and equivalent at beginning of period
163
1,083
1,083
Foreign exchange translation difference
(1,012)
(998)
(425)
Effect of foreign exchange differences
358
127
41
Cash and equivalent at end of period
190
1,054
163

 

 

 

Fairview International PLC

Notes to the Unaudited Condensed Interim Financial Statements

For the six months ended 31 December 2025

 

1.    Basis of Preparation

 

The interim consolidated financial statements of the Company are unaudited condensed financial statements for the six months ended 31 December 2025. These include unaudited comparatives for the six months ended 31 December 2024, and the audited results for the year ended 30 June 2025. These unaudited condensed interim financial statements have been prepared on the basis of merger accounting and the accounting policies expected to apply for the financial year ending 30 June 2026 based on the recognition and measurement principles of United Kingdom ("UK") adopted International Financial Reporting Standards ("IFRS"), in accordance with the provisions of the Companies Act 2006, applicable to companies reporting under IFRS.

 

The unaudited condensed interim financial statements have been prepared under the historical cost convention. The Group's presentation and functional currency is Pounds Sterling ("£"). The unaudited condensed interim financial statements do not include all of the information required for full annual financial statements. The preparation of financial statements in conformity with UK adopted IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group's accounting policies. The accounting policies adopted are consistent with those followed in the preparation of the Group's annual financial statements of the Company's subsidiaries for the year ended 30 June 2025.

 

The unaudited condensed interim financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for the foreseeable future.

 

2.    General information

 

The condensed consolidated unaudited financial information comprises the financial information of the Fairview International PLC, Fairview Schools Berhad and Fairview International School Nusajaya Sdn. Bhd. The principal activities of these entities in the Group are as follows: -

 

Name of company
Country of incorporation
Principal activities
Fairview International PLC
United Kingdom
The parent company of a trading group and provision of management services
Fairview Schools Berhad
Malaysia
Operation of an English - Medium Private International School following the international baccalaureate education syllabus.
Fairview International School Nusajaya Sdn. Bhd.
Malaysia
Operation of an English Medium Private International School following the international baccalaureate education syllabus.

There have been no significant changes in these activities during the relevant financial periods.

 

 

3.    Revenue

 

31 December 2025
(Unaudited)
30 June 2025
(Audited)
Revenue from contracts with customers:
£'000
£'000
- School fees
2,615
4,972
- Application and enrolments
72
132
- Others
295
238
2,982
5,342

 

 

4.    Non-recurring reorganisation and IPO expenses

      

Non-recurring administrative expenses amounting to £577,767 in the six months ended 31 December 2024 and £877,961 in the twelve months ended 30 June 2025 relate to the Company's IPO which completed on 11 October 2024.

 

 

5.    Income Tax expense

 

The tax charge on profits assessable has been calculated at the rates of tax prevailing, based on existing legislation, interpretation and practices in respect thereof.

 

31 December 2025
(Unaudited)
30 June 2025
(Audited)
£'000
£'000
Current tax expense
283
509
Deferred tax relating to origination and reversal of temporary differences
-
(72)
Under provision of income tax in prior years
-
109
283
546
Profit before taxation
1,214
1,300
Taxation at statutory rate
330
516
Difference in tax rate for chargeable income taxed
-
(6)
Expenses not deductible for tax purposes
-
180
Non-deductible temporary difference
-
(8)
Income not subject to tax
(47)
(178)
Under provision of income tax in prior year
-
109
Deferred tax
-
(67)
Tax expense for the period
283
546

6.    Property, plant and equipment

 

Building
Electrical equipment
Freehold land
Furniture and fittings
Motor vehicles
Resource equipment
Total
£'000
£'000
£'000
£'000
£'000
£'000
£'000
Cost
As at 1 July 2024
13,133
319
2,805
703
136
1,925
19,021
Additions
10
4
-
3
-
40
57
Foreign currency translation
256
6
54
14
3
37
370
As at 30 June 2025
13,399
329
2,859
720
139
2,002
19,448
Cost
As at 1 July 2025
13,399
329
2,859
720
139
2,002
19,448
Additions
-
5
-
-
-
7
12
Foreign currency translation
779
19
166
42
8
118
1,132
As at 31 December 2025
14,178
353
3,025
762
147
2,127
20,592


 

 

Building
Electrical equipment
Freehold land
Furniture and fittings
Motor vehicles
Resource equipment
Total
£'000
£'000
£'000
£'000
£'000
£'000
£'000
Accumulated depreciation
As at 1 July 2024
2,764
317
-
699
133
1,860
5,773
Additions
272
2
-
3
3
40
320
Foreign currency translation
48
6
-
14
3
37
108
As at 30 June 2025
3,084
325
-
716
139
1,937
6,201
Accumulated depreciation
As at 1 July 2025
3,084
325
-
716
139
1,937
6,201
Charge for the period
139
1
-
1
-
16
157
Foreign currency translation
181
19
-
42
8
112
362
As at 31 December 2025
3,404
345
-
759
147
2,065
6,720
Carrying amount
As at 30 June 2025
10,315
4
2,859
4
-
65
13,247
As at 31 December 2025
10,774
8
3,025
3
-
62
13,872

 

 

7.    Right-of-use assets

 

31 December 2025
30 June 2025
(Unaudited)
£'000
(Audited)
£'000
Cost
At the beginning of period
1,649
1,617
Foreign exchange translation
96
32
At the end of period
1,745
1,649
Accumulated amortisation
At the beginning of period
176
146
Charge for the period
9
27
Foreign exchange translation
10
3
At the end of period
195
176
Carrying amount
1,550
1,473


 

8.    Intangible assets

 

31 December 2025
30 June 2025
(Unaudited)
£'000
(Audited)
£'000
Cost
At the beginning of period
712
676
Additions
1
24
Foreign currency translation
42
12
At the end of period
755
712
Accumulated amortisation
At the beginning of period
576
469
Charge for the period
45
100
Foreign currency translation
35
7
At the end of period
656
576
Carrying amount
99
136


 

9.    Assets held for sale

 

31 December 2025
30 June 2025
(Unaudited)
(Audited)
£'000
£'000
At the beginning of period
4,915
6,812
Disposal
(955)
(2,031)
Foreign currency translation
285
134
At the end of period
4,245
4,915

 

 

 

10. Inventories

 

31 December 2025
(Unaudited)
£'000
30 June 2025
(Audited)
£'000
Books, stationeries and uniforms for resale, at cost
51
53

 

 

11. Trade receivables

 

31 December 2025
(Unaudited)
£'000
30 June 2025 (Audited)
£'000
Not past due
20
26

 

 

12. Other receivables

 

31 December 2025
(Unaudited)
30 June 2025
(Audited)
£'000
£'000
Sundry receivables
395
195
Deposits
137
129
Prepayments
131
64
VAT recoverable
12
53
Amount due from related parties
6,752
5,620
7,427
6,061

 

        Included in the sundry receivables is the proceeds receivable for the disposal of an asset held for sale of £117,000 (2025: Nil).

 

 

13. Cash and bank balances

 

31 December 2025
(Unaudited)
30 June 2025
(Audited)
£'000
£'000
Deposits placed with licensed banks
119
113
Cash at banks
71
50
190
163

 

 

14.   Other payables

 

31 December 2025
(Unaudited)
30 June 2025
(Audited)
Current
£'000
£'000
Advance billings
-
21
Sundry payables
1,292
960
1,292
981
Non-Current
School fee deposits
2,899
2,201
Sundry payables
841
1,447
3,740
3,648
Total
5,032
4,629

 

 

15.   Bank borrowings (secured)

 

31 December 2025
(Unaudited)
30 June 2025
(Audited)
£'000
£'000
Term loan
7,332
8,244
Revolving credit
1,647
1,561
Bank overdraft
1,878
1,849
10,857
11,654
Current
Term loan
1,406
1,439
Revolving credit
911
866
Bank overdraft
1,878
1,849
4,195
4,154
Non-Current
Term loan
5,926
6,805
Revolving credit
736
695
6,662
7,500


 

16.  Deferred taxation

 

31 December 2025 (Unaudited)
£'000
30 June 2025 (Audited)
£'000
At the beginning of period
1,974
2,005
Recognised in Statement of Comprehensive income
-
(72)
Foreign currency translation
114
41
At the end of period
2,088
1,974
31 December 2025 (Unaudited)
£'000
30 June 2025 (Audited)
£'000
Tax effect on temporary differences in respect of:
Property, plant and equipment
2,108
1,992
Investment property
482
455
Provision
(109)
(102)
Unutilised capital allowance
(325)
(307)
Unearned school fees
(68)
(64)
2,088
1,974


 

17. Share capital

 

Authorised
Nominal value
31 December 2025
(Unaudited)
30 June 2025
(Audited)
£'000
£'000
Ordinary
£0.01
5,560
5,560

 

The Company was incorporated on 28 February 2024 with an initial capital of £100, comprising 10,000 shares. Subsequently, the Company issued and allocated 500,000,000 ordinary shares at a price of £0.01 per share on 10 June 2024, 29,490,000 ordinary shares at £0.01 per share on 3 October 2024, and 26,500,000 ordinary shares on 11 October 2024.

 

 

18. Share premium

       

31 December 2025
30 June 2025
(Unaudited)
(Audited)
£'000
£'000
Opening balance
2,176
-
Share issued
-
2,385
Share issue costs
-
(209)
Closing balance
2,176
2,176

 

The share premium represents the amount received by the Company over and above the nominal value of shares issued. This premium is recorded as a part of equity under the 'Share Premium Account.' The share premium arises from the issuance of shares at a price higher than their par or nominal value and is used for purposes such as funding expansion, covering share issue costs, or as required by statutory provisions. As of 31 December 2025, the balance in the share premium account stands at £2,176,000.

 

 

19. Foreign currency translation reserve

 

Arising from the translation of the financial statements of the foreign operations whose functional currencies are different from that of the Company's presentation currency.

 

 

20. Basic and diluted earnings per share

 

The calculation of earnings per share is based on the following earnings and number of shares.

 

31 December 2025
31 December 2024
30 June 2025
(Unaudited)
(Unaudited)
(Audited)
Weighted average number of ordinary shares for the purpose of basic and diluted profit per share
556,000,000
294,055,315
541,000,000
Earnings per share
Total comprehensive income attributable to the shareholders of the Company (£'000)
912
225
724
Basic and diluted earnings per share attributable to the owners of the Company (pence)
0.16
0.08
0.13
Alternative Performance Measure(Pro-forma Earnings per share)
Total comprehensive income attributable to the shareholders of the Company (£'000)
912
225
724
Add: Non-recurring IPO costs (£'000)
-
577
878
Total comprehensive income (before non-recurring IPO costs) attributable to the owners of the Company (£'000)
912
802
1,602
Pro-forma basic and diluted earnings per share before non-recurring IPO costs attributable to the owners of the Company (pence)
0.16
0.27
0.28

 

21. Related party transactions

 

(a)       Identities of related parties

i. The directors who are the key management personnel; and

ii. Entities controlled by the key management personnel, directors or substantial shareholders.

 

31 December 2025
(Unaudited)
30 June 2025
(Audited)
£'000
£'000
Total key management personnel compensation
98
170

 

(b)          Significant related party transactions and balances

 

In addition to the transactions and balances detailed elsewhere in the unaudited condensed interim financial statements, the Group had the following transactions with related parties during the financial period:

 

Entity
Relationship
Type of transactions
31 December 2025 (Unaudited)
£'000
30 June 2025
(Audited)
£'000
Fairview BeaconhurstLimited
Subsidiary of penultimate holding company of Fairview Schools Berhad
Interest income from amount due from related companies in Fairview Schools Berhad
35
245
Fairview International School Subang Sdn. Bhd.
Related party with common director of Fairview Schools Berhad
Rental income received in Fairview Schools Berhad
54
106
Fairview International College Sdn. Bhd.
Related party with common director of Fairview Schools Berhad
Rental income received in Fairview Schools Berhad
1
2
Beeducation Adventures Sdn. Bhd.
Related party with common director of Fairview International School Nusajaya Sdn. Bhd.
Travelling & transport charges charged by Beeducation Adventures Sdn Bhd.
-
2
Fairview International School Subang Sdn. Bhd.
Related party with common director of Fairview Schools Berhad
Administrative expenses charged by Fairview Schools Berhad
33
49
Fairview Schools Penang Sdn. Bhd.
Related party with common director of Fairview Schools Berhad
Administrative expenses charged by Fairview Schools Berhad
41
79
Fairview International School Ipoh Sdn. Bhd.
Related party with common director of Fairview Schools Berhad
Administrative expenses charged by Fairview Schools Berhad
26
49

 

 

22. Salary and number of staff

 

31 December 2025
31 December 2024
30 June 2025
(Unaudited)
(Unaudited)
(Audited)
Employee remuneration
£'000
£'000
£'000
Salaries, workplace pension & social contribution
912
847
1,748
Other staff benefits
55
50
121
967
897
1,869


 

Employee remuneration is presented in the financial statements in the following locations:

 

31 December 2025
31 December 2024
30 June 2025
(Unaudited)
(Unaudited)
(Audited)
£'000
£'000
£'000
Cost of sales
967
897
1,869

 

The employee remuneration present in the statement of financial position are the capitalised development costs.

 

31 December 2025
31 December 2024
30 June 2025
Employee numbers
(Unaudited)
(Unaudited)
(Audited)
Direct
159
171
181

 

 

23. Capital Management

 

31 December 2025
30 June 2025
(Unaudited)
(Audited)
£'000
£'000
Total borrowings
10,857
11,654
Less: Cash and cash equivalents
(190)
(163)
Net Debt
10,667
11,491
Total equity
7,044
5,755
Debt-to-equity ratio
1.51
2.00


     

The Company's objectives when managing capital are to maintain a strong capital base and safeguard the Group's ability to continue as a going concern, so as to maintain investor, creditor and market confidence and to sustain future development of the business. The directors determine the optimal debt-to-equity structure that complies with both regulatory requirements and debt covenants and monitor the ratio on an ongoing basis. No major changes were made to the objectives, polices or processes during the financial periods ended 31 December 2025 and 31 December 2024, and the financial year ended 30 June 2025.

 

 

24. Subsequent events

 

There were no significant subsequent events following the end of the period under review.

 

 

25. Half Year Report

 

A copy of this interim report is available on the Company's website at www.fairviewplc.uk.

 

 

Fairview International PLC

Company Information

 

 

DIRECTORS:
Ngook For Chian (known as Daniel Chian)
Lim Hun Soon (known as David Lim)
Jeffrey Raymond Beard
Maurice James Malcolm Groat
Robin Stevens
Executive Chairman
Non-Executive Director
Non-Executive Director
Non-Executive Director
Non-Executive Director
SECRETARY:
MSP Secretaries Limited
Eastcastle House
27/28 Eastcastle Street
London W1W 8DH
Company Secretary
REGISTERED OFFICE:
Eastcastle House
27-28 Eastcastle Street
London W1W 8DH, United Kingdom
REGISTERED NUMBER:
15528502
CONTACT DETAILS:
Tel: +44 208 523 2828
Email: info@fairviewplc.uk


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
IR SFEESFEMSEDD