New Oriental Announces Results for the Fourth Fiscal Quarter and the Fiscal Year Ended May 31, 2025
Rhea-AI Summary
New Oriental Education & Technology Group (NYSE: EDU) reported its Q4 and FY2025 financial results, showing mixed performance. Total net revenues increased 9.4% year-over-year to US$1.24 billion in Q4, while full-year revenues grew 13.6% to US$4.90 billion.
The company experienced a Q4 operating loss of US$8.7 million, down from an income of US$10.5 million year-over-year, while Q4 net income declined 73.7% to US$7.1 million. However, non-GAAP operating income for Q4 increased 116.3% to US$81.7 million.
The Board approved a new three-year shareholder return plan starting FY2026, committing to return no less than 50% of annual net income through dividends and/or share repurchases. The company completed its previous US$700 million share repurchase program, buying back 14.5 million ADSs.
Positive
- Full-year revenue grew 13.6% to US$4.90 billion
- Non-GAAP operating income increased 116.3% to US$81.7 million in Q4
- New three-year shareholder return plan promises 50% of net income return to shareholders
- Educational new business initiatives showed strong 32.5% YoY growth
- Non-academic tutoring courses reached 918,000 student enrollments across 60 cities
- Completed US$700 million share repurchase program
Negative
- Q4 operating loss of US$8.7 million, compared to income of US$10.5 million last year
- Q4 net income decreased 73.7% year-over-year to US$7.1 million
- Operating margin turned negative at -0.7% in Q4
- Recorded US$60.3 million impairment of goodwill in Q4
- Experienced slowdown in overseas-related businesses growth
News Market Reaction – EDU
In the trading session that priced this news, EDU declined 5.09%, reflecting a notable negative market reaction. Argus tracked a trough of -5.7% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2025
- Total net revenues increased by
9.4% year over year toUS for the fourth fiscal quarter of 2025. Total net revenues, excluding revenues generated from East Buy private label products and livestreaming business, increased by$1,243.2 million 18.7% year over year toUS for the fourth fiscal quarter of 2025.$1,088.5 million - Operating loss was
US , compared to operating income of$8.7 million US in the same period of the prior fiscal year. Operating loss, excluding operating income generated from East Buy private label products and livestreaming business, was$10.5 million US , compared to operating income excluding operating income generated from East Buy private label products and livestreaming business of US$15.9 million $7.5 million in the same period of the prior fiscal year. - Net income attributable to New Oriental decreased by
73.7% year over year toUS for the fourth fiscal quarter of 2025.$7.1 million
Key Financial Results
(in thousands US$, except per ADS(1) data) | 4Q FY2025 | 4Q FY2024 | % of change |
Net revenues | 1,243,155 | 1,136,679 | 9.4 % |
Operating (loss)/income | (8,674) | 10,527 | -182.4 % |
Non-GAAP operating income (2)(3) | 81,678 | 37,769 | 116.3 % |
Net income attributable to New Oriental | 7,100 | 26,972 | -73.7 % |
Non-GAAP net income attributable to New Oriental (2)(3) | 98,083 | 61,539 | 59.4 % |
Net income per ADS attributable to New Oriental - basic | 0.04 | 0.16 | -72.6 % |
Net income per ADS attributable to New Oriental - diluted | 0.04 | 0.16 | -72.8 % |
Non-GAAP net income per ADS attributable to New Oriental – basic (2)(3)(4) | 0.62 | 0.37 | 65.9 % |
Non-GAAP net income per ADS attributable to New Oriental – diluted (2)(3)(4) | 0.61 | 0.37 | 66.9 % |
(in thousands US$, except per ADS(1) data) | FY2025 | FY2024 | % of change |
Net revenues | 4,900,262 | 4,313,586 | 13.6 % |
Operating income | 428,250 | 350,425 | 22.2 % |
Non-GAAP operating income (2)(3) | 554,228 | 478,786 | 15.8 % |
Net income attributable to New Oriental | 371,716 | 309,591 | 20.1 % |
Non-GAAP net income attributable to New Oriental (2)(3) | 517,071 | 463,956 | 11.4 % |
Net income per ADS attributable to New Oriental - basic | 2.29 | 1.87 | 22.6 % |
Net income per ADS attributable to New Oriental - diluted | 2.28 | 1.85 | 23.3 % |
Non-GAAP net income per ADS attributable to New Oriental – basic (2)(3)(4) | 3.19 | 2.81 | 13.8 % |
Non-GAAP net income per ADS attributable to New Oriental – diluted (2)(3)(4) | 3.17 | 2.76 | 14.7 % |
(1) Each ADS represents ten common shares. The |
(2) GAAP represents Generally Accepted Accounting Principles in |
(3) New Oriental provides non-GAAP financial measures on net income attributable to New Oriental, operating income and net income per ADS attributable to New Oriental that exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, loss/(gain) from fair value change of investments, (gain)/loss from equity method investments, impairment of long-term investments, impairment of goodwill, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments. For further details on these adjustments, please refer to the section titled "About Non-GAAP Financial Measures" and the tables captioned "Reconciliations of Non-GAAP Measures to the Most Comparable GAAP Measures" set forth at the end of this release. |
(4) The Non-GAAP net income per ADS attributable to New Oriental is computed using Non-GAAP net income attributable to New Oriental and the same number of shares and ADSs used in GAAP basic and diluted EPS calculation. |
Operating Highlights for the Fourth Fiscal Quarter Ended May 31, 2025
Michael Yu, New Oriental's Executive Chairman, commented, "We are delighted to conclude the fiscal year 2025 with a healthy top line growth of
Chenggang Zhou, New Oriental's Chief Executive Officer, added, "In this fiscal quarter, we continued to monitor our capacity expansion to ensure alignment with revenue growth and operating efficiency. At the same time, we focused on revamping our OMO (online-merge-offline) teaching system and invested in applying AI technologies across our education ecosystem. Recently, we launched a new generation of AI-powered Intelligent Learning Device and introduced an AI-driven Smart Study Solution. The integration of new technologies into our offline and online products has consistently strengthened our product capabilities. Additionally, we developed innovative technologies to support daily operations for teachers and staff, enhancing operational efficiency and service satisfaction. In this fiscal year, East Buy continued to invest in its 'healthy and high-quality' private label products strategy—enriching product categories, achieving blockbuster breakthroughs, and innovating on products, resulting in stable and widely applicable private label products that have become household staples and gained greater market recognition."
Stephen Zhihui Yang, New Oriental's Executive President and Chief Financial Officer, commented, "To better reflect New Oriental's core educational businesses, the following operating margin numbers for this fiscal quarter exclude the financial results of East Buy's private label products and livestreaming business. Our non-GAAP operating margin, excluding operating margin generated from East Buy private label products and livestreaming business for the quarter, was
Previous Share Repurchase Program
The Company's board of directors (the "Board") approved a Share Repurchase Program in July 2022, under which the Company was authorized to repurchase up to
New Shareholder Return Plan
On July 29, 2025, the Board approved a three-year shareholder return plan, effective from the fiscal year 2026. Under this plan, no less than
In establishing this plan, the Board considered the recent and anticipated growth of the private education industry, as well as the Company's own performance and growth strategies. Under this plan, the Board reserves discretion to determine the form, timing and amount of shareholder return measures in any fiscal year based on the Company's results of operations, capital requirements and other relevant factors.
Financial Results for the Fourth Fiscal Quarter Ended May 31, 2025
Net Revenues
For the fourth fiscal quarter of 2025, New Oriental reported net revenues of
Operating Costs and Expenses
Operating costs and expenses for the quarter were
- Cost of revenues increased by
5.1% year over year toUS .9 million.$569 - Selling and marketing expenses increased by
1.8% year over year toUS .$211.9 million - General and administrative expenses increased by
9.1% year over year toUS .$409.8 million - Impairment of goodwill was
US , compared to nil in the same period of the prior fiscal year.$60.3 million
Total share-based compensation expenses, which were allocated to related operating costs and expenses, increased by
Operating Income / Loss and Operating Margin
Operating loss was
Operating margin for the quarter was negative
Net Income and Net Income per ADS
Net income attributable to New Oriental for the quarter was
Non-GAAP Net Income and Non-GAAP Net Income per ADS
Non-GAAP net income attributable to New Oriental for the quarter, excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, loss/(gain) from fair value change of investments, (gain)/loss from equity method investments, impairment of long-term investments, impairment of goodwill, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments, was
Cash Flow
Net operating cash inflow for the fourth fiscal quarter of 2025 was approximately
Balance Sheet
As of May 31, 2025, New Oriental had cash and cash equivalents of
New Oriental's deferred revenue, which represents cash collected upfront from customers and related revenue that will be recognized as the services or goods are delivered, at the end of the fourth quarter of fiscal year 2025 was
Financial Results for the Fiscal Year Ended May 31, 2025
For the fiscal year 2025 ended May 31, 2025, New Oriental reported net revenues of
Operating income was
Operating margin for the fiscal year 2025 was
Net income attributable to New Oriental for the fiscal year 2025 was
Non-GAAP net income attributable to New Oriental, excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, loss/(gain) from fair value change of investments, loss from equity method investments, impairment of long-term investments, impairment of goodwill, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments, for the fiscal year 2025 was
Outlook for the First Quarter and Full Year of FY2026
New Oriental expects total net revenues in the first quarter of the fiscal year 2026 (June 1, 2025 to August 31, 2025) to be in the range of
To better reflect our long-term strategic priorities and align with the nature of the education industry, characterized by longer business cycles with seasonality, New Oriental will begin providing a full fiscal year net revenue outlook starting with this release. We believe this approach offers investors a more comprehensive, long term view of the business. New Oriental expects total net revenues in the fiscal year 2026 (June 1, 2025 to May 31, 2026) to be in the range of
This forecast reflects New Oriental's current and preliminary view, which is subject to change. The forecast is based on the current USD/RMB exchange rate, which is also subject to change.
Conference Call Information
New Oriental's management will host an earnings conference call at 8 AM on July 30, 2025,
Please register in advance of the conference, using the link provided below. Upon registering, you will be provided with participant dial-in numbers, and unique personal PIN.
Conference call registration link:
https://register-conf.media-server.com/register/BIe7270a5fc1cd4145b314373163cffc42. It will automatically direct you to the registration page of "New Oriental FY2025 Q4 Earnings Conference Call" where you may fill in your details for RSVP.
In the 10 minutes prior to the call start time, you may use the conference access information (including dial in number(s) and personal PIN) provided in the confirmation email received at the point of registering.
Joining the conference call via a live webcast:
Additionally, a live and archived webcast of the conference call will be available at http://investor.neworiental.org.
Listening to the conference call replay:
A replay of the conference call may be accessed via the webcast on-demand by registering at https://edge.media-server.com/mmc/p/m6t5pn89 first. The replay will be available until July 30, 2026.
About New Oriental
New Oriental is a provider of private educational services in
For more information about New Oriental, please visit http://www.neworiental.org/english/.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
About Non-GAAP Financial Measures
To supplement New Oriental's consolidated financial results presented in accordance with GAAP, New Oriental uses the following measures defined as non-GAAP financial measures by the SEC: net income excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, loss/(gain) from fair value change of investments, loss/(gain) from equity method investments, impairment of long-term investments and goodwill, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments; operating income excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, and impairment of goodwill; operating margin excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, and impairment of goodwill; and basic and diluted net income per ADS and per share excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, loss/(gain) from fair value change of investments, loss/(gain) from equity method investments, impairment of long-term investments and goodwill, gain on disposals of investments and others, as well as tax effects on non-GAAP adjustments. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.
New Oriental believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding from each non-GAAP measure certain items that may not be indicative of its operating performance from a cash perspective. New Oriental believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to New Oriental's historical performance and liquidity. New Oriental believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP measures is that they exclude from each non-GAAP measure certain items that have been and will continue to be for the foreseeable future a significant recurring expense in its business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.
Contacts
For investor and media inquiries, please contact:
Ms. Rita Fong Ms. Sisi Zhao
FTI Consulting New Oriental Education & Technology Group Inc.
Tel: +852 3768 4548 Tel: +86-10-6260-5568
Email: rita.fong@fticonsulting.com Email: zhaosisi@xdf.cn
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. | ||||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||
(In thousands) | ||||
As of May 31 | As of May 31 | |||
2025 | 2024 | |||
(Unaudited) | (Audited) | |||
USD | USD | |||
ASSETS: | ||||
Current assets: | ||||
Cash and cash equivalents | 1,612,379 | 1,389,359 | ||
Restricted cash, current | 180,724 | 177,411 | ||
Term deposits, current | 1,092,115 | 1,320,167 | ||
Short-term investments | 1,873,502 | 2,065,579 | ||
Accounts receivable, net | 33,629 | 29,689 | ||
Inventory, net | 80,884 | 92,806 | ||
Prepaid expenses and other current assets, net | 307,902 | 309,464 | ||
Amounts due from related parties, current | 6,567 | 4,403 | ||
Total current assets | 5,187,702 | 5,388,878 | ||
Restricted cash, non-current | 24,030 | 22,334 | ||
Term deposits, non-current | 355,665 | 169,203 | ||
Property and equipment, net | 767,346 | 507,981 | ||
Land use rights, net | 54,900 | 4,450 | ||
Amounts due from related parties, non-current | 12,464 | 7,273 | ||
Long-term deposits | 48,815 | 38,161 | ||
Intangible assets, net | 13,020 | 18,672 | ||
Goodwill, net | 43,832 | 103,958 | ||
Long-term investments, net | 388,481 | 355,812 | ||
Deferred tax assets, net | 97,932 | 72,727 | ||
Right-of-use assets | 793,842 | 653,905 | ||
Other non-current assets | 17,470 | 188,319 | ||
Total assets | 7,805,499 | 7,531,673 | ||
LIABILITIES AND EQUITY | ||||
Current liabilities: | ||||
Accounts payable | 80,484 | 105,681 | ||
Accrued expenses and other current liabilities | 830,583 | 774,805 | ||
Income taxes payable | 167,881 | 139,822 | ||
Amounts due to related parties | 405 | 551 | ||
Deferred revenue | 1,954,464 | 1,780,063 | ||
Operating lease liability, current | 255,997 | 199,933 | ||
Total current liabilities | 3,289,814 | 3,000,855 | ||
Deferred tax liabilities | 14,174 | 19,407 | ||
Unsecured senior notes | 14,403 | 14,403 | ||
Operating lease liabilities, non-current | 533,376 | 447,994 | ||
Total long-term liabilities | 561,953 | 481,804 | ||
Total liabilities | 3,851,767 | 3,482,659 | ||
Equity | ||||
New Oriental Education & Technology Group Inc. | 3,661,873 | 3,775,934 | ||
Non-controlling interests | 291,859 | 273,080 | ||
Total equity | 3,953,732 | 4,049,014 | ||
Total liabilities and equity | 7,805,499 | 7,531,673 | ||
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. | |||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||
(In thousands except for per share and per ADS amounts) | |||
For the Three Months Ended May 31 | |||
2025 | 2024 | ||
(Unaudited) | (Unaudited) | ||
USD | USD | ||
Net revenues | 1,243,155 | 1,136,679 | |
Operating cost and expenses (note 1) | |||
Cost of revenues | 569,872 | 542,398 | |
Selling and marketing | 211,906 | 208,241 | |
General and administrative | 409,752 | 375,513 | |
Impairment of goodwill | 60,299 | - | |
Total operating cost and expenses | 1,251,829 | 1,126,152 | |
Operating (loss)/ income | (8,674) | 10,527 | |
(Loss)/Gain from fair value change of investments | (458) | 10,412 | |
Other income, net | 19,022 | 35,820 | |
Provision for income taxes | (1,535) | (5,531) | |
Gain/(Loss) from equity method investments | 2,982 | (22,606) | |
Net income | 11,337 | 28,622 | |
Net income attributable to non-controlling interests | (4,237) | (1,650) | |
Net income attributable to New Oriental Education | 7,100 | 26,972 | |
Net income per share attributable to New Oriental- | 0.00 | 0.02 | |
Net income per share attributable to New Oriental- | 0.00 | 0.02 | |
Net income per ADS attributable to New Oriental- | 0.04 | 0.16 | |
Net income per ADS attributable to New Oriental- | 0.04 | 0.16 | |
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. | |||
RECONCILIATIONS OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES | |||
(In thousands except for per share and per ADS amounts) | |||
For the Three Months Ended May 31 | |||
2025 | 2024 | ||
(Unaudited) | (Unaudited) | ||
USD | USD | ||
Operating (loss)/ income | (8,674) | 10,527 | |
Share-based compensation expenses | 28,636 | 25,797 | |
Amortization of intangible assets resulting from | 1,417 | 1,445 | |
Impairment of goodwill | 60,299 | - | |
Non-GAAP operating income | 81,678 | 37,769 | |
Operating margin | -0.7 % | 0.9 % | |
Non-GAAP operating margin | 6.6 % | 3.3 % | |
Net income attributable to New Oriental | 7,100 | 26,972 | |
Share-based compensation expenses | 27,174 | 20,371 | |
Loss/(Gain) from fair value change of investments | 458 | (10,412) | |
Amortization of intangible assets resulting from | 878 | 904 | |
(Gain)/Loss from equity method investments | (2,982) | 22,606 | |
Impairment of long-term investments | 4,865 | 4,473 | |
Impairment of goodwill | 60,299 | - | |
Gain on disposals of investments and others | (184) | - | |
Tax effects on Non-GAAP adjustments | 475 | (3,375) | |
Non-GAAP net income attributable to New Oriental | 98,083 | 61,539 | |
Net income per ADS attributable to New Oriental- | 0.04 | 0.16 | |
Net income per ADS attributable to New Oriental- | 0.04 | 0.16 | |
Non-GAAP net income per ADS attributable to New | 0.62 | 0.37 | |
Non-GAAP net income per ADS attributable to New | 0.61 | 0.37 | |
Weighted average shares used in calculating basic | 1,587,987,886 | 1,653,165,343 | |
Weighted average shares used in calculating diluted | 1,602,366,310 | 1,671,292,756 | |
Non-GAAP net income per share - basic | 0.06 | 0.04 | |
Non-GAAP net income per share - diluted | 0.06 | 0.04 | |
Notes: | |||
Note 1: Share-based compensation expenses (in thousands) are included in the operating cost and expenses as | |||
For the Three Months Ended May 31 | |||
2025 | 2024 | ||
(Unaudited) | (Unaudited) | ||
USD | USD | ||
Cost of revenues | 477 | 990 | |
Selling and marketing | 1,275 | 4,475 | |
General and administrative | 26,884 | 20,332 | |
Total | 28,636 | 25,797 | |
Note 2: Each ADS represents ten common shares. | |||
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. | ||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||
(In thousands) | ||||
For the Three Months Ended May 31 | ||||
2025 | 2024 | |||
(Unaudited) | (Unaudited) | |||
USD | USD | |||
Net cash provided by operating activities | 399,122 | 376,835 | ||
Net cash used in investing activities | (88,292) | (864,010) | ||
Net cash used in financing activities | (98,477) | (109,230) | ||
Effect of exchange rate changes | 15,503 | (3,565) | ||
Net change in cash, cash equivalents and restricted | 227,856 | (599,970) | ||
Cash, cash equivalents and restricted cash at | 1,589,277 | 2,189,074 | ||
Cash, cash equivalents and restricted cash at end | 1,817,133 | 1,589,104 | ||
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. | |||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||
(In thousands except for per share and per ADS amounts) | |||
For the Year Ended May 31 | |||
2025 | 2024 | ||
(Unaudited) | (Unaudited) | ||
USD | USD | ||
Net revenues | 4,900,262 | 4,313,586 | |
Operating cost and expenses (note 1) | |||
Cost of revenues | 2,183,291 | 2,050,960 | |
Selling and marketing | 783,959 | 660,586 | |
General and administrative | 1,444,463 | 1,251,615 | |
Impairment of goodwill | 60,299 | - | |
Total operating cost and expenses | 4,472,012 | 3,963,161 | |
Operating income | 428,250 | 350,425 | |
(Loss)/Gain from fair value change of investments | (10,078) | 19,025 | |
Other income, net | 118,212 | 124,391 | |
Provision for income taxes | (146,294) | (109,690) | |
Loss from equity method investments | (14,257) | (58,933) | |
Net income | 375,833 | 325,218 | |
Net income attributable to non-controlling interests | (4,117) | (15,627) | |
Net income attributable to New Oriental Education & | 371,716 | 309,591 | |
Net income per share attributable to New Oriental-Basic | 0.23 | 0.19 | |
Net income per share attributable to New Oriental- | 0.23 | 0.18 | |
Net income per ADS attributable to New Oriental-Basic | 2.29 | 1.87 | |
Net income per ADS attributable to New Oriental- | 2.28 | 1.85 | |
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. | |||
RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES | |||
(In thousands except for per share and per ADS amounts) | |||
For the Year Ended May 31 | |||
2025 | 2024 | ||
(Unaudited) | (Unaudited) | ||
USD | USD | ||
Operating income | 428,250 | 350,425 | |
Share-based compensation expenses | 59,933 | 122,458 | |
Amortization of intangible assets resulting from business | 5,746 | 5,903 | |
Impairment of goodwill | 60,299 | - | |
Non-GAAP operating income | 554,228 | 478,786 | |
Operating margin | 8.7 % | 8.1 % | |
Non-GAAP operating margin | 11.3 % | 11.1 % | |
Net income attributable to New Oriental | 371,716 | 309,591 | |
Share-based compensation expenses | 54,829 | 90,557 | |
Loss/(Gain) from fair value change of investments | 10,078 | (19,025) | |
Amortization of intangible assets resulting from business | 3,581 | 3,736 | |
Loss from equity method investments | 14,257 | 58,933 | |
Impairment of long-term investments | 4,865 | 27,801 | |
Impairment of goodwill | 60,299 | - | |
Gain on disposals of investments and others | (345) | (185) | |
Tax effects on Non-GAAP adjustments | (2,209) | (7,452) | |
Non-GAAP net income attributable to New Oriental | 517,071 | 463,956 | |
Net income per ADS attributable to New Oriental- Basic | 2.29 | 1.87 | |
Net income per ADS attributable to New Oriental- | 2.28 | 1.85 | |
Non-GAAP net income per ADS attributable to New | 3.19 | 2.81 | |
Non-GAAP net income per ADS attributable to New | 3.17 | 2.76 | |
Weighted average shares used in calculating basic net | 1,619,727,518 | 1,653,597,432 | |
Weighted average shares used in calculating diluted net | 1,631,137,164 | 1,669,499,952 | |
Non-GAAP net income per share - basic | 0.32 | 0.28 | |
Non-GAAP net income per share - diluted | 0.32 | 0.28 | |
Notes: | |||
Note 1: Share-based compensation expenses (in thousands) are included in the operating costs and expenses as | |||
For the Year Ended May 31 | |||
2025 | 2024 | ||
(Unaudited) | (Unaudited) | ||
USD | USD | ||
Cost of revenues | (1,261) | 19,967 | |
Selling and marketing | 4,658 | 26,052 | |
General and administrative | 56,536 | 76,439 | |
Total | 59,933 | 122,458 | |
Note 2: Each ADS represents ten common shares. | |||
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. | ||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||
(In thousands) | ||||
For the Year Ended May 31 | ||||
2025 | 2024 | |||
(Unaudited) | (Unaudited) | |||
USD | USD | |||
Net cash provided by operating activities | 896,592 | 1,122,643 | ||
Net cash used in investing activities | (93,428) | (1,153,922) | ||
Net cash used in financing activities | (584,971) | (160,438) | ||
Effect of exchange rate changes | 9,836 | (24,606) | ||
Net change in cash, cash equivalents and restricted cash | 228,029 | (216,323) | ||
Cash, cash equivalents and restricted cash at | 1,589,104 | 1,805,427 | ||
Cash, cash equivalents and restricted cash at end of | 1,817,133 | 1,589,104 | ||
View original content:https://www.prnewswire.com/news-releases/new-oriental-announces-results-for-the-fourth-fiscal-quarter-and-the-fiscal-year-ended-may-31-2025-302517170.html
SOURCE New Oriental Education and Technology Group Inc.