Fairview International PLC (FIL), the London Stock Exchange-listed operator of two International Baccalaureate schools in Malaysia, has published its full-year audited results for the year ended 30 June 2026 — its first complete financial year as a public company since its IPO in October 2024. Revenue rose 12.2% to £6.0 million, while profit after tax climbed 176% to £2.1 million. The results reflect both improved underlying performance and the absence of the £0.9 million exceptional IPO-related costs that weighed on the prior year, making the figures of particular interest to investors tracking the company's post-IPO trajectory.

Key Points

  • Fairview International PLC (FIL), listed on the Main Market of the London Stock Exchange
  • Revenue increased 12.2% to £6.0m and operating profit rose 24.1% to £3.7m for the year ended 30 June 2026
  • Total student enrolment reached 737 in FY26, up approximately 6% from 694 in the prior year; headcount stood at 727 as of 30 September 2026
  • Investors may watch for updates on potential acquisitions in Asia and the UK, and a possible property development at the Johor Bahru campus

FY26 Financial Results: Revenue, Operating Profit and Earnings Per Share

Fairview reported consolidated revenue of £6.0 million for FY26, up from £5.3 million in the prior year, driven by higher average fees across its Kuala Lumpur and Johor Bahru schools. Operating profit increased 24.1% to £3.7 million, while profit before tax and exceptional items rose 35.3% to £3.0 million. Profit after tax reached £2.1 million, compared with £0.8 million in FY25, with the prior year having included £0.9 million of exceptional costs related to the IPO and pre-IPO restructuring. Basic and diluted earnings per share were 0.33p, up from 0.13p. The board did not propose a dividend for FY26, stating it will consider future dividend policy in the context of expansion priorities.

Fairview Kuala Lumpur Ranked Joint 38th Globally and Top IB School in Malaysia for Fourth Time

Academic performance remains a central commercial driver for Fairview, which operates under the International Baccalaureate curriculum across its two owned Malaysian campuses. For the seventh consecutive year, Fairview Kuala Lumpur was ranked among the top 100 IB schools globally, achieving joint 38th worldwide and joint 13th in Asia in the provisional 2026 IB-Schools.com league table. It was also the highest-ranked school in Malaysia for the fourth time. Students achieved an average IB Diploma Programme score of 38 points, against a reported global average of approximately 30.88. The Kuala Lumpur campus has a capacity of 1,500 students and Johor Bahru 750, providing significant headroom for enrolment growth without requiring additional capital expenditure.

Student Headcount Growth and LIAM AI Pilot Across Malaysian Campuses

Total student enrolment stood at 737 in FY26, compared with 694 in FY25, an increase of approximately 6%. As of 30 September 2026, headcount was 727, representing a 4.9% increase from the same point in the prior year. The company has increased investment in marketing and recruitment to support further enrolment growth. Separately, a controlled pilot of LIAM, an AI-enabled learning companion, is underway with approximately 300 Middle Years Programme students in Mathematics and Science across the five Malaysian campuses. The pilot uses a question-led method intended to strengthen critical thinking, and includes a matched control group to evaluate educational effectiveness.

Acquisition Pipeline, Johor Property Opportunity, and Regulatory Licence Risk

The announcement states that Fairview is reviewing a pipeline of potential complementary acquisitions and property development opportunities, including the possible development of surplus land at its Johor Bahru campus. The company is also assessing new-school opportunities in Asia and the United Kingdom, subject to criteria covering educational quality, demand, and financial sustainability. Investors should note that Fairview's schools require licences from the Malaysian Ministry of Education under the Education Act 1996, as well as IB Organisation accreditation. The announcement highlights that loss of any such licence would be detrimental to the business, representing a material, company-specific regulatory risk. The group carried £10.6 million of debt secured on its real estate at year-end.