MindChamps PreSchool (CNE) H2 2023 earnings summary
Event summary combining transcript, slides, and related documents.
H2 2023 earnings summary
3 Nov, 2026Executive summary
FY2023 net profit rose 65% YoY to S$4.9 million, with further growth expected as international expansion continues.
Financial highlights
Full-year FY2023 net profit was S$4.9 million, up 65% YoY.
Outlook and guidance
Two U.S. Master Franchise Agreements signed in March and September 2023 are expected to support growth opportunities in the market.
A flagship Perth centre is slated to open in H2 2024; the Australian footprint also expanded from Sydney to Melbourne.
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Latest events from MindChamps PreSchool
- H1 profit fell sharply as prior-year divestment gains disappeared; Australian franchise expansion remains a priority.CNE
H1 2024 - Revenue and net profit grew, while workforce pressures and net current liabilities remain key risks.CNE
H1 2025 - H1 profit rebounded as franchise growth and divestment gains lifted results.CNE
H1 2023 - Revenue grew 5%, but lower one-off gains cut FY2024 net profit to $0.2m.CNE
H2 2024 - Revenue fell 13%; a $5.3m divestment gain supported H1 earnings.CNE
H1 2026 - Profit recovered as revenue softened, with expansion advancing and balance-sheet risks persisting.CNE
H2 2025