Raffles Education Strengthens Balance Sheet as It Targets ASEAN K–12 Expansion

An announcement from Raffles Education ( (SG:NR7) ) is now available.

Raffles Education posted resilient results for the nine months to 31 March 2026, with core earnings of S$22.71 million on relatively stable revenue despite the disposal of its Raffles Hefei asset and currency headwinds. The Group’s net assets rose to S$713.17 million, underpinned by substantial freehold properties that support a scalable education platform with low incremental capital expenditure.

The company sharply strengthened its balance sheet through deleveraging and asset monetisation, cutting total borrowings to S$84.99 million from S$206.78 million and reducing standalone bank debt to zero. Cash and bank balances jumped to S$46.18 million, finance costs fell to S$10.67 million, and proceeds from major property disposals and bond and loan conversions by its chairman position Raffles Education to pursue growth in its premium K–12 segment across ASEAN, including a new Jakarta campus planned for the second half of 2026.

The most recent analyst rating on (SG:NR7) stock is a Buy with a S$0.34 price target. To see the full list of analyst forecasts on Raffles Education stock, see the SG:NR7 Stock Forecast page.

More about Raffles Education

Raffles Education Limited is a Singapore-based private education group with a 36-year track record in Asia, operating 16 institutions across nine countries including Singapore, Malaysia, Thailand, Indonesia and China. The Group offers a full spectrum of K–12, diploma and degree programmes, and also leases education facilities via its Hong Kong-listed subsidiary Oriental University City Holdings to vocational and technical institutions.

YTD Price Performance: 8.89%

Average Trading Volume: 9,402,961

Technical Sentiment Signal: Buy

Current Market Cap: S$261.7M

For a thorough assessment of NR7 stock, go to TipRanks’ Stock Analysis page.