Company Disclosure

Operational Performance Update

  • During the previous financial year, the company successfully serviced approximately 50 schools through its e-commerce platform
  • All 50 existing schools have confirmed their continuation with the company for the current financial year
  • The company has secured confirmations/engagements from approximately 50 new schools
  • Total number of schools proposed to be serviced through the platform is now approximately 100 schools
  • This represents a 100% increase in the school base compared to the previous financial year

Platform Details

Pelican Edu Supply is designed as a comprehensive platform through which parents and students can procure educational requirements conveniently. The current product portfolio includes:

  • Textbooks
  • Notebooks
  • Stationery
  • School uniforms

The uniform category is presently being implemented in select schools and is proposed to be expanded progressively based on operational requirements and opportunities.

Financial Expectations

Based on the increased school base and continued participation of existing schools, the company expects:

  • Significant growth in the e-commerce vertical during the current financial year
  • Targeting approximately two-fold growth in turnover from this vertical

These expectations are subject to actual order execution, parent participation, product mix, and prevailing market conditions.

Strategic Integration with Manufacturing Operations

The expansion of the e-commerce business is expected to complement the company's recently commenced notebook manufacturing operations:

  • During the previous financial year, notebooks supplied through the platform were predominantly procured from third-party manufacturers
  • With commencement of own notebook manufacturing operations, the company intends to progressively fulfil a larger portion of notebook requirements through company-manufactured notebooks

Expected Benefits from Vertical Integration

This transition from third-party procurement to in-house manufacturing is expected to provide:

  • Better control over product quality
  • Improved supply and availability management
  • Better cost control
  • Opportunity for margin improvement from the notebook category

Strategic Context

The expansion forms part of the company's strategy to:

  • Strengthen its direct-to-parent educational supply ecosystem
  • Increase value generated from each school relationship by offering multiple educational requirements through a single integrated platform

Forward-Looking Statement Disclaimer

The company notes that all expectations and targets are forward-looking in nature and are subject to actual order execution, market conditions, customer participation, and other business factors.