Singapore's Raffles Education annual revenue declines

Raffles Education

28/08/2026 15:02

Overview
Singapore education provider's annual revenue declined
Company posted a net loss for year ended June 2026
Company faced higher personnel expenses and significant foreign exchange losses

Outlook
Company did not provide specific financial guidance or outlook in the provided statements

Result Drivers
PROPERTY AND SUBSIDIARY DISPOSALS – A S$52.3 mln gain on 51 Merchant Road's sale was partly offset by a S$29.4 mln loss on disposal of HFYR
HFYR DISPOSAL – Revenue fell 4% to S$106.8 mln, mainly because disposed subsidiary HFYR no longer contributed revenue

Company press release: ID:nSN52q8Bl

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
S$106.82 mln
 
FY Net Loss
 
S$6.11 mln
 

Analyst Coverage
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)