• Revenue decreased 2.7% to $52.5 million
• Underlying EBITDA increased 98% to $6.8 million
• Acquired Intrepica Pty Ltd, creators of LiteracyPlanet

3P Learning Ltd reported a 2.7% decrease in revenue to $52.5 million for the first half of FY25, driven by a decline in B2B licences due to the transition from Edmentum in the USA and lower retention in EMEA. However, Underlying EBITDA increased by 98% to $6.8 million, due to the full year impact of cost-out initiatives, cost efficiencies from direct selling to US schools, and a higher product development capitalisation rate. The B2C segment saw a 0.1% increase in revenue, with growth in Reading Eggs and Mathseeds billings offsetting an increase in distributor costs. The company completed the acquisition of Intrepica Pty Ltd, the creators of LiteracyPlanet, for $1.4 million on 3 January 2025. LiteracyPlanet complements 3P Learning's suite of programs and enhances the literacy product offerings for students in School Years 2 to 10. The company reported a loss before income tax of $1.8 million, an improvement from the $20.3 million loss in the prior corresponding period.