Malvern International extends contract with UEL

(Sharecast News) - Malvern International announced on Friday that it has secured a one-year contract extension with the University of East London for the 2025-2026 academic year, as discussions over a longer-term agreement continued. The AIM-traded company said it expected to reach a resolution on the extended arrangement within the current financial year.

It said the renewed contract would continue Malvern's role in providing international student recruitment, teaching and support services at the University's International Study Centre.

Since launching the partnership in 2018-2019 with just 13 students, enrolment had grown to around 1,000, making the UEL centre one of the largest of its kind in the UK.

"We're making progress in our discussions with UEL on a multi-year agreement," said chief executive officer Richard Mace.

"The delay in finalising the contract reflects ongoing considerations around space requirements to support the continued growth of our partnership and align with our shared ambitions.

"We look forward to welcoming students in September 2025 and January 2026, supported by a strong and growing recruitment pipeline for the September intake."

At 0916 BST, shares in Malvern International were down 2.44% at 20p.

Reporting by Josh White for Sharecast.com.