Cash GenerationA 227% surge in free cash flow, with operating cash flow to net income at 2.43 and free cash flow to net income at 1.17, indicates durable cash conversion. Strong cash generation enhances financial flexibility for reinvestment, dividends, debt reduction, or targeted expansion without reliance on external financing.
Margin SustainabilityHigh gross margin (51.4%) and improved net margin (12.5%), alongside EBIT and EBITDA margins (15.1% and 22.8%), reflect durable operational efficiency and pricing power. These margins provide a buffer against cost inflation and support long-term reinvestment in curriculum, digital platforms, and quality improvement.
Conservative Leverage & Improving ROEA strong equity ratio and low debt-to-equity signal conservative capital structure and lower refinancing risk. The improvement in ROE from 4.9% to 8.9% shows better shareholder value creation. This balance sheet strength supports sustained operations and optionality for strategic investments or acquisitions.