One on One Educational Services Limited has reported its best financial performance since listing on the Junior Market of the Jamaica Stock Exchange (JSE) in 2022.

This performance was due to the education technology proivder’s expansion of services and strengthened partnerships in Jamaica and across Caribbean.

Revenues for the third quarter (Q3) reached $100.54 million, reflecting a 5.95 per cent increase over the $94.90 million reported in Q3 2024. This growth was primarily driven by the company’s expanding One Academy platform, which now serves more than 100 schools, and by solid retention of its core recurring enterprise contracts.

Chairman Michael Bernard told shareholders in a director’s report attached to the company’s third-quarter report that “the incremental gain attributable to the delivery of tailored edtech solutions that continue to position us as a key enabler of digital learning in the education sector”.

Net profits for the quarter were $36.6 million, compared to the J$24.2 million booked in the same period in 2024.

Total assets have increased to $707 million year to date, up from $628.3 million as at Q3 2024. The company’s performance during the current financial year has shown consistent improvement in profitability and balance sheet strength.

UnaAI rollout to drive Q4 performance

“As the company looks ahead to Q4, One on One is preparing to formally roll out UnaAI, its proprietary artificial intelligence engine designed to power next-generation learning tools. A core component of this innovation is the AI Lesson Plan Generator, which was soft-launched among a pilot group of teachers prior to the end of the last academic year. Feedback has been instrumental in refining the platform ahead of its broader deployment,” a release from the company outlined.

The platform fosters the creation of personalised, curriculum-aligned content, which empowers teachers with classroom-ready materials at scale. The full roll-out of UnaAI will begin in September 2025 and continue in phases throughout the remainder of the year, allowing for seamless onboarding and support across schools, corporations, and government agencies.

One on One expects the platform to significantly contribute to its Q4 performance.

“UnaAI represents the future of smart, locally contextualised education technology,” stated Ricardo Allen, CEO of One on One.

“It marks a strategic advancement in how we deliver intelligent, curriculum-aligned learning support and reflects our ongoing commitment to innovation. The concept of UnaAI was first introduced in our IPO Prospectus, and we are proud to now introduce this improved version to the market. We believe the phased rollout will significantly contribute to our fourth-quarter and year-end performance.”

The company has indicated that the broader strategy underpinning UnaAI aligns with its long-term growth goals—developing scalable, export-ready solutions that can effectively serve the education market well beyond Jamaica.

As One on One, recently recognised by TIME Magazine as one of the World’s Top EdTech Companies of 2025, continues to deliver on its mission to transform education through innovation, the company remains focused on generating sustainable revenue, maximising operational efficiency, and enhancing its value to educators, institutions, and learners across the region.

Year-to-date results

One on One’s expansion of services also positively impacted its year-to-date performance.

“For the nine months ended May 2025, the company recorded total revenue of $270.4 million, reflecting a 31.1 per cent increase over the $206.3 million in the prior-year comparative period. This growth was driven by the continued expansion of our K–12 enterprise segment, particularly through One Academy and our Education Management Information System (EMIS),” Bernard wrote to shareholders.

“Increased content streaming and strengthened government partnerships in Jamaica and the Caribbean, along with stable recurring revenue from B2B existing business, also contributed to the improved performance,” he added.

In addition to increasing revenue, One on One lowered its combined administrative and selling expenses by 17.9 per cent, resulting in an increased operating profit of $69.16 million. In the comparative period for financial year 2024, the company generated $2.73 million.

One on One’s net profit after tax for the nine months was $55.08 million, reversing a $17.29-million loss in the similar period in 2024.