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Malvern International
(LSE:MLVN)
Malvern International (MLVN) vs. iShares MSCI United Kingdom ETF (EWC)
Malvern International Business Overview & Revenue Model
Malvern International Financial Statement Overview
| Breakdown | Sep 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.34M | 16.63M | 12.26M | 6.51M | 2.42M |
| Gross Profit | 8.45M | 7.10M | 5.72M | 2.95M | 1.35M |
| EBITDA | -1.41M | 537.86K | 750.42K | -405.12K | -914.93K |
| Net Income | -1.73M | -151.13K | -160.04K | -1.04M | -1.43M |
Balance Sheet | |||||
| Total Assets | 6.54M | 6.68M | 6.76M | 6.39M | 5.40M |
| Cash, Cash Equivalents and Short-Term Investments | 1.89M | 1.39M | 2.20M | 1.18M | 377.17K |
| Total Debt | 3.21M | 3.79M | 4.63M | 5.56M | 6.23M |
| Total Liabilities | 11.72M | 10.59M | 10.52M | 10.02M | 8.22M |
| Stockholders Equity | -5.18M | -3.90M | -3.76M | -3.63M | -2.83M |
Cash Flow | |||||
| Free Cash Flow | 1.46M | -14.49K | 1.90M | 1.12M | -1.21M |
| Operating Cash Flow | 1.54M | 29.19K | 1.96M | 1.13M | -1.19M |
| Investing Cash Flow | -224.44K | -43.68K | -58.18K | -14.54K | -11.28K |
| Financing Cash Flow | -812.24K | -790.41K | -887.07K | -313.13K | 1.48M |
Malvern International Technical Analysis
Malvern International Peers Comparison
Malvern International Corporate Events
Malvern International plc has announced that its Annual General Meeting will take place at Malvern House London on 31 March 2026 at 10:30 a.m. The company has posted its Annual Report for the nine months ended 30 September 2025, along with the AGM notice and proxy form, to shareholders and made these documents available via its investor hub online.
The scheduling of the AGM and publication of the shortened-period Annual Report provide investors with formal disclosure on recent trading and governance matters. Making the materials accessible on the company’s website supports transparency for existing and potential shareholders and allows stakeholders to prepare for engagement on strategy and performance at the upcoming meeting.
The most recent analyst rating on (GB:MLVN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Malvern International stock, see the GB:MLVN Stock Forecast page.
Malvern International plc, a global provider of university pathways and English language teaching for international students, supports partner universities with student recruitment, course delivery and student services. Its programmes help overseas students acquire academic and linguistic skills, along with cultural experiences, to progress into higher education and careers.
The company confirmed that all resolutions at its latest general meeting were passed, enabling the issue of 4,140,812 new ordinary shares through a placing, retail offer and directors’ and management subscription. Admission of the new shares to trading on AIM is expected around 6 March 2026, increasing the total share capital with voting rights to 33,471,712 ordinary shares and reinforcing insider alignment through a £263,500 investment by directors and senior management.
The most recent analyst rating on (GB:MLVN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Malvern International stock, see the GB:MLVN Stock Forecast page.
Malvern International plc has issued 8 KPG Limited Warrants over 231,674 ordinary shares, with an exercise price of 10.6 pence, as part of the terms agreed in a prior debt restructuring. During FY2025, existing warrants and rights to future warrants under the company’s debt facility were transferred from Growth Lending to shareholder 8 KPG Limited in a private transaction, clarifying the current warrant holder structure without direct involvement from Malvern.
The most recent analyst rating on (GB:MLVN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Malvern International stock, see the GB:MLVN Stock Forecast page.
Malvern International reported underlying revenue of £14.12m for the nine months to 30 September 2025, with higher operating profit driven by growth in Higher Education and Junior divisions. The company reduced debt, improved cash generation and ended the period with £1.89m in cash, while a £1.42m goodwill impairment linked to the closure of loss-making Adult English Language Teaching pushed the group to a statutory loss.
The group secured three new long-term UK university pathway partnerships during the period and a further deal afterward, extended its University of East London contract, and shifted its year-end to align with the academic cycle. By exiting Adult ELT, focusing on junior camps and scaling four multi-year pathway contracts backed by a recent £1.95m fundraising, Malvern aims to build a more resilient, capital-light business, accepting an operating loss in FY2026 in expectation of stronger profitability from FY2027 as student numbers ramp up.
The most recent analyst rating on (GB:MLVN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Malvern International stock, see the GB:MLVN Stock Forecast page.
Malvern International has closed its recently launched UK retail share offer, raising approximately £133,398 through the issue of 579,991 new ordinary shares at 23 pence each. The offer, aimed at existing and qualifying UK investors, forms part of a wider fundraising and remains conditional on shareholder approval of new share authorities, admission of the new shares to trading on AIM around 6 March 2026, and completion of an accompanying placing.
The transaction modestly strengthens Malvern’s capital base as it develops its international education and language programmes, while signalling continuing support from retail investors. However, the proceeds will only be available once the necessary resolutions are passed and the placing completes, leaving the company’s immediate funding boost dependent on successful execution of the broader capital-raising package.
The most recent analyst rating on (GB:MLVN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Malvern International stock, see the GB:MLVN Stock Forecast page.
Malvern International has launched a retail offer of new ordinary shares at 23 pence per share via the BookBuild platform, alongside a separate placing and directors’ subscription, to raise funds at a 6% discount to the previous closing price. The net proceeds from this broader fundraising will be used to develop and scale up four university pathway contracts won in the past year, with the retail offer limited to existing UK shareholders and subject to shareholder approval, completion of the placing and admission of the new shares to trading on AIM in early March 2026.
The retail offer, coordinated by Zeus Capital, opens on 17 February and is expected to close on 23 February, with a minimum subscription of £100 and no formal prospectus, relying instead on regulatory exemptions for UK-only participation. By explicitly including retail investors and structuring access via approved intermediaries on the BookBuild platform, Malvern aims to deepen engagement with its existing shareholder base while securing growth capital to support its expanding university pathways business.
The most recent analyst rating on (GB:MLVN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Malvern International stock, see the GB:MLVN Stock Forecast page.
Malvern International plc, a global education and language skills provider, runs university pathway programmes and immersive English language courses for international students. The company supports partner universities with international recruitment, admissions, fee collection, course delivery, and student support services.
The company has completed an oversubscribed placing, raising £1.7m through the issue of 7,303,672 new shares at a 6% discount to the prior closing price. The fundraise includes a firm placing, conditional placing, planned retail offer and directors’ subscription, and will increase the total share count to 29,330,900, signalling strengthened investor support and additional capital for its growth plans.
The most recent analyst rating on (GB:MLVN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Malvern International stock, see the GB:MLVN Stock Forecast page.
Malvern International plans to raise approximately £2.0 million before expenses through a placing, retail offer and intended directors’ subscription at 23 pence per share, a roughly 6% discount to the prior close. The fundraising, split into firm and conditional tranches and representing about 26% of enlarged share capital, will primarily finance the development and scale-up of four recently won university pathway contracts, with completion dependent on shareholder approval at a March general meeting.
The company reported unaudited revenue of £14.1 million for the nine months to 30 September 2025, slightly below 2024’s full-year £14.7 million, and an underlying profit of about £0.1 million versus a prior loss. However, a goodwill write-off linked to its Manchester school will push the statutory loss to around £1.3 million, highlighting both the operational progress and balance-sheet impact as Malvern seeks fresh capital to support growth and shore up its position in the education sector.
The most recent analyst rating on (GB:MLVN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Malvern International stock, see the GB:MLVN Stock Forecast page.
Malvern International plc, a provider of university pathway programmes and English language training for international students, focuses on higher education support and junior language camps delivered through immersive centres and tailored courses in partnership with universities. The group positions itself as a specialist in preparing overseas students for progression to a wide range of universities and undergraduate courses while managing key elements of the international student journey for its institutional partners.
The company will close its loss-making Adult English Language Teaching operations in Manchester and London within two weeks, concentrating instead on its profitable Pathways and Junior ELT activities to improve earnings quality. The restructuring is expected to deliver annual savings of £0.2m to £0.6m by the 2027 financial year, with about £0.3m in closure costs, while students will transfer to a competitor school and the London premises are repurposed for higher-margin higher education use, underlining a strategic shift towards stronger business segments.
The most recent analyst rating on (GB:MLVN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Malvern International stock, see the GB:MLVN Stock Forecast page.
Malvern International has signed an exclusive 15-year partnership with London Metropolitan University to operate the university’s international study centre at its Holloway campus, delivering foundation and pre-master’s programmes for overseas students from September 2026. Under the deal, which includes five-year break options, Malvern will manage international recruitment, admissions, fee collection and course delivery, with a significant share of course fees collected upfront, and expects the arrangement to be cash-flow positive and profitable in its first full academic year to 30 September 2027, strengthening its position in the global education market and expanding LMU’s international student base.
The most recent analyst rating on (GB:MLVN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Malvern International stock, see the GB:MLVN Stock Forecast page.
Malvern International has signed an exclusive 15-year partnership with London Metropolitan University to operate the university’s international study centre at its Holloway campus, where it will deliver undergraduate foundation and pre-master’s programmes designed to prepare international students for progression onto LMU’s undergraduate and postgraduate courses. Under the agreement, which includes a break option every five years, Malvern will manage international student recruitment, conversion, admissions, fee collection and course delivery, with a substantial portion of fees paid in advance each academic year, and expects the partnership to be cash flow positive and profitable in its first full academic year to 30 September 2027, strengthening its position in the global education market and expanding its growing portfolio of university partnerships.
The most recent analyst rating on (GB:MLVN) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Malvern International stock, see the GB:MLVN Stock Forecast page.