High Profitability And MarginsSustained very high gross, EBITDA and net margins indicate durable cost control and pricing power in core educational services. High operating profitability supports reinvestment, product development and resilience across cycles, underpinning long-term cash generation capacity.
Improving Leverage And Solid Balance SheetLower leverage and a stable equity ratio reduce refinancing and solvency risk, while a rising ROE shows efficient capital use. This financial flexibility supports strategic investments, M&A optionality, and cushions the business against industry cyclicality over the medium term.
Diversified Revenue Streams And Digital ExposureRevenue mix spanning K-12, vocational training, materials and online subscriptions reduces single-channel concentration. Growing digital learning exposure aligns with structural trends, improving scalability and recurring revenue potential for sustainable top-line growth over multiple quarters.