VIRSCEND EDU (01565) issued a profit warning, expecting that the owner's share of profits in the mid-term will decrease by no more than 50% compared to the previous period.

VIRSCEND EDU (01565) announced that the group is expected to have a decrease in profit attributable to owners of the company by no more than 50% for the six months ending on February 28, 2026 compared to the same period in 2025, while revenue for the same period last year remained stable. The decrease in profit during the reporting period was mainly due to (i) an increase in teacher salaries to retain talent and provide high-quality education services; (ii) an increase in interest expenses due to growth in borrowing; and (iii) an increase in exchange losses.