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Four Seasons Education (Cayman) (FEDU) investor relations material
Four Seasons Education (Cayman) Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary2 Dec, 2025
Executive summary
Revenue for the first half of fiscal year 2026 rose 7.9% year-over-year to RMB145.3 million, driven by expansion in enrichment learning programs and tourism services.
Net income surged 314% year-over-year to RMB12.4 million, reflecting improved profitability and operational efficiency.
Gross profit margin increased from 22.0% to 26.7% year-over-year, supported by a healthier product mix and cost controls.
Business model transformation since 2022 has integrated tourism and education-related services, supporting diversified growth.
Strategic focus remains on scaling enrichment learning and shifting tourism offerings toward higher-margin products.
Financial highlights
Gross profit rose 30.9% to RMB38.8 million, mainly from higher-margin enrichment learning business.
Operating income reached RMB9.2 million, reversing an operating loss of RMB5.7 million in the prior year.
Adjusted operating income (non-GAAP) was RMB9.8 million, up from an adjusted loss of RMB1.6 million.
Adjusted net income (non-GAAP) was RMB13.7 million, up from RMB2.1 million year-over-year.
Basic and diluted net income per ADS were RMB4.53 and RMB4.48, up from RMB0.98 year-over-year.
Outlook and guidance
Focus remains on operational improvement and organic growth through premium, innovative services and disciplined expansion into compliant markets.
Expansion into new compliant markets and high-margin services expected to drive long-term competitiveness and sustainable growth.
Plans to prudently expand enrichment learning and further develop high-margin tourism offerings.
Expansion strategy for new compliant markets
Sustainability of reduced advertising spend
Impact of Wuyuan study camp completion
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Next Four Seasons Education (Cayman) earnings date
Q3 20263 Mar, 2026
Next Four Seasons Education (Cayman) earnings date
Q3 20263 Mar, 2026
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