Leifras (LFS) Q2 2025 earnings summary

Executive summary

• Successfully completed IPO and listed on Nasdaq in October 2025, raising net proceeds of approximately $4.7 million.

• Core business focuses on sports schools developing children's non-cognitive skills, with additional growth in school club support and after-school daycare services.

• Recognized as a market leader in Japan for number of members, schools, and school club support contracts.

• H1 FY2025 saw steady growth, driven by both Sports School and Social Business segments, with notable increases in membership and contracted schools.

• Net revenue rose 15.0% year-over-year to $38.1 million, and net income increased 25.6% to $373,000.

Financial highlights

• Net revenue for H1 2025 reached $38.1 million, up 15% year-over-year.

• Income from operations was $471,000, a 108.1% increase year-over-year.

• Sports school business revenue was $27.3 million (+8.5% YoY); social business revenue was $11 million (+35.4% YoY).

• Number of sports school members grew 6.4% YoY to 69,500; school club support contracts rose 48.5% YoY to 349 schools.

• Operating cash flow turned positive at $2.2 million for H1 2025.

Outlook and guidance

• Full-year 2025 net sales forecasted at $80.2–$82.6 million, up 11.9–15.3% YoY.

• Income from operations expected at $4–$4.8 million, up 11.6–34% YoY.

• Profits expected to be concentrated in the second half due to seasonality.

• Guidance assumes no acquisitions, restructuring, or legal settlements.

• Continued investments planned to expand the social business segment.