U.S. COMPANY FILING
New Oriental Education & Technology Group Inc. — Form 20-F filed 2025-09-25
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New Oriental reported FY2025 total net revenues of $4.90 billion, up 13.6% YoY, with net income of $375.8 million, up 15.6%. Education services and test prep revenue grew 27.2%, overseas study consulting grew 17.4%, while private label products and livestreaming e-commerce declined 33.3%. Operating cash flow was $896.6 million. The board approved a three-year shareholder return plan dedicating at least 50% of net income to dividends and buybacks.
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