MindChamps PreSchool log 86% net profit jump to $2.6m in H1

Revenue rose 10% whilst expenses fell by 4% during the period.

MindChamps PreSchool Limited and its subsidiaries reported a net profit of $2.6m in the first six months of 2025, an 86% jump from the same period a year earlier.

Total profit attributable to equity holders of the company rose 94% year-on-year (YoY) to nearly $2.64m over the same period, according to the company’s bourse filing.

Gross profit was $16.65m, up 26% YoY.

Expenses were 4% YoY lower, at just over $14.71m on the back of lower manpower expenses and lower amortisation of intangible assets.

Revenue increased by approximately 10% to $32.1m in H1 2025, attributed to a $3.6m increase in franchise income thanks to sales of franchise licenses during the period. Commission income declined $0.6m due to the divestment of its childcare enrollment business in H2 2024.

Impairment of financial assets increased to $0.4m in H1 2025, due to specific provisions of doubtful debts made in H1 2025, in line with its credit risk assessment.

Earnings per share was 1.08 cents per share, basic and diluted.