Consistent Revenue GrowthA near-23% year-over-year revenue increase evidences sustained demand for vocational programs and successful student enrollment/retention execution. Durable top-line growth supports scale, program expansion and reinvestment capacity over the medium term, strengthening long-term business resilience.
Low Leverage And Strong Equity BaseVery low debt and a high equity ratio provide financial flexibility and a buffer against enrollment cycles or regulatory shifts. This conservative capital structure lowers default risk, preserves borrowing capacity for strategic investments, and underpins long-term solvency and operational continuity.
High Cash Conversion HistoricallyStrong historical cash conversion means reported profits translated well into cash, supporting operations, capex and distributions. If sustained, high cash conversion enhances self-funding ability and reduces dependence on external financing, strengthening medium-term financial durability.