Fairview International (LSE:FIL), which owns two International Baccalaureate schools in Malaysia, reported Revenue up 12.2% to £6.0 million and pre-tax profit of £3.0 million for the year to 30 June 2026, its first full financial year since listing.

What was announced

Fairview International (LSE:FIL) PLC published audited consolidated results for the year ended 30 June 2026 (FY26) on 30 October 2026. FY26 is the company's first full financial year following its initial public offering in October 2024. The group owns two IB schools in Malaysia, in Kuala Lumpur and Johor Bahru, which have capacities of 1,500 and 750 students respectively. Three further Fairview-branded schools are under common control but sit outside the listed group.

The numbers

Revenue rose 12.2% to £6.0 million (FY25: £5.3 million). Operating profit increased 24.1% to £3.7 million (FY25: £3.0 million). Profit before tax and exceptional items rose 35.3% to £3.0 million (FY25: £2.2 million).

There were no exceptional costs in FY26, compared with £0.9 million in FY25 relating to the IPO and pre-IPO restructuring. As a result, reported profit before tax rose 126.9% to £3.0 million (FY25: £1.3 million) and profit after tax increased 176% to £2.1 million (FY25: £0.8 million). Basic and Diluted Earnings per Share were 0.33p (FY25: 0.13p).

Cash at 30 June 2026 was £151,000. Borrowings, secured on the group's real estate, fell to £10.6 million from £11.7 million, and net Debt was £10.4 million. The Debt-to-Equity Ratio improved to 1.3x from 2.0x. At the year end, the group had net current liabilities of £2.5 million.

No Dividend was paid or proposed for FY26. The Board said it will consider a dividend policy later, given competing priorities for expansion.

Students, financing and governance

Chairman Daniel Chian said: "Student headcount remains our most important KPI." Total enrolment was 737 in FY26, up from 694, an increase of about 6%. At 30 September 2026, enrolment stood at 727, up 4.9% from 693 a year earlier. Of current students, 37% are in the Primary Years Programme, 53% in the Middle Years Programme and 10% in the Diploma Programme.

The group is piloting an AI learning companion, LIAM, with about 300 Middle Years students in Mathematics and Science, alongside a control group.

After the year end, group subsidiaries secured facilities of about £17.2 million from Alliance Bank Malaysia, made up of RM70 million of Murabahah financing and RM22.7 million of conventional financing, secured on Subsidiary properties.

The directors prepared Cash Flow forecasts to 31 December 2027, showing a minimum cash balance of £1.2 million in the base case and £150,000 in a downside case. The group reports compliance with its financial covenants and expects to remain compliant throughout the assessment period. The directors concluded that the Going Concern basis is appropriate. Auditor MCA Audit Limited issued an unqualified report with no emphasis-of-matter paragraph.

The announcement also noted that a Fairview (LSE:FIL)-branded school in Scotland, which is outside the group, suspended operations in June 2026 because of adverse trading conditions.

What to watch next

Mr Chian said: "Our immediate priority is organic growth at the existing schools," through academic performance, recruitment, retention and cost control. He added: "We have every reason to believe that the current financial year will show further growth."

The Board is reviewing a pipeline of possible acquisitions and property development opportunities, including surplus land at the Johor Bahru site, and is assessing new-school opportunities in Asia and the UK. It said it will be selective and that no specific proposals have been sought.

The Annual Report will be published on the company's website and posted to shareholders, with the AGM notice to follow. The AGM will be held in December 2026.