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Malvern International ( (GB:MLVN) ) has provided an update.
Malvern International reported a 38% increase in revenues for FY24, reaching approximately £14.74 million. Despite the revenue growth, the company anticipates a small underlying loss before tax due to investments in staffing, marketing, and legal fees. The company’s University Pathways continue to expand, securing new partnerships with the University of Wolverhampton and the University of Cumbria, which are expected to positively impact cash flow and contribute to profits from FY2026. Malvern’s Juniors division saw strong growth, while Adult English Language Teaching faced challenges due to price competition and high fixed costs. The company remains committed to improving its Adult ELT operations while continuing to pursue further university pathway partnerships.
More about Malvern International
Malvern International is a learning and language skills development partner that offers international students essential academic and English language skills, cultural experiences, and support for their academic studies, daily life, and career development. The company provides University Pathways programs to help students progress to various universities and undergraduate courses, as well as English Language Teaching to adults and juniors at accredited centers in London and Manchester.
YTD Price Performance: 0.0%
Average Trading Volume: 61,291
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.01M
For an in-depth examination of MLVN stock, go to TipRanks’ Stock Analysis page.