Recurring Franchise And Services RevenueA business model centered on franchise/licensing and recurring academic/support fees creates durable, low-capex revenue streams. Scalable network growth and repeatable service contracts support predictable cash flow and margin leverage as the brand and systems expand across partners.
Positive Free Cash Flow TrendConsistent and growing free cash flow enhances the company's ability to service debt, invest in curriculum and teacher training, and fund network expansion without dilutive financing. Sustained FCF underpins financial flexibility and resilience across business cycles.
Improving Operating MarginsRising EBIT/EBITDA margins reflect structural improvements in cost management and scalable service delivery. If maintained, higher operating efficiency supports reinvestment in brand, product development, and teacher training, strengthening long-term profitability durability.