SISB Public Company Limited (SET: SISB) has reported a robust financial performance for the fiscal year ended December 31, 2025, characterized by steady growth in both its top and bottom lines. The company’s net profit reached THB 961.98 million, representing an 8.67% increase from the THB 885.19 million recorded in 2024. This growth was underpinned by a 7.84% rise in total revenue, which climbed from THB 2.39 billion to THB 2.58 billion.
Revenue from sales and services, the core of SISB’s operations, grew by 6.83% to THB 2.51 billion. Management attributed this expansion to a higher average number of both Thai and foreign students, alongside a tuition fee adjustment for the 2025/2026 academic year. Notably, tuition fee income alone rose by 7.07%, as the average income per student increased from THB 0.57 million to THB 0.58 million.
Profitability was further bolstered by a significant gain on fair value adjustments of financial assets, which jumped by 1,206.7% from THB 2.09 million in 2024 to THB 27.31 million in 2025. Excluding these fair value gains and related taxes, the adjusted net profit stood at THB 938.72 million, reflecting a year-on-year growth of 6.30%.
In terms of student enrollment, the SISB group recorded a total of 4,594 students as of December 31, 2025, which consists of 3,257 Thai students (70.9%) and 1,337 foreign students (29.1%). This figure represents a slight decrease of 26 students compared to the 4,620 students enrolled at the end of 2024.
On the expenditure side, total costs and expenses rose by 7.43% to THB 1.64 billion. Tuition and service costs, the largest expense component, increased by 9.29% to THB 1.17 billion. This uptick was primarily driven by higher academic staff remunerations and an increased headcount, which led to a 5.32% reduction in the student-to-teacher ratio.
Additionally, administrative expenses rose by 8.20% to THB 480.88 million, while finance costs climbed 16.09% due to land rental agreements for the Prachauthit school expansion. A positive factor in the profit-and-loss statement was the reversal of impairment losses on non-financial assets, totaling THB 18.64 million, compared to a THB 4.50 million loss in the prior year.
Looking ahead, SISB remains in an expansionary phase, having completed Phase 3 of its Bangkok campus in January 2026 and commencing construction on a seventh international school in Pathum Thani. The group maintains a solid financial position with THB 2.05 billion in cash and fixed deposits, aiming to reach a target of 4,800 students by December 2026.
The board has approved a dividend payment of THB 0.51 per share, with an Ex-Dividend (XD) date of March 6, 2026, and a payment date of April 30, 2026.
