• Occupancy remained above prior year, despite macro-economic challenges
• Delivered a well-controlled cost base through wage management and strategic procurement
• Proactive network optimisation with 18 centres divested, 9 surrendered and 3 new centres

G8 Education Limited (ASX:GEM) has reported its FY24 financial results, delivering strong earnings growth and a conservative balance sheet. The company's occupancy for CY24 finished above the prior corresponding period (pcp), though slightly softening in H2 due to affordability impacts on families and lower enquiries across the sector. G8 continued to focus on wage optimisation and strategic procurement activities, resulting in a well-controlled cost base. The company also undertook proactive network optimisation, divesting 18 centres, surrendering 9 leases, and opening 3 new centres during the year. This contributed to positive occupancy outcomes in CY24. G8 maintained a strong focus on its team, with increased retention, improved engagement, and reduced vacancy rates and agency usage. The company also successfully bargained a multi-employer agreement, securing a 10% pay increase for its centre team members in CY24, and an additional 5% increase in December CY25. Financially, G8 reported statutory EBIT of $152.8 million and NPAT of $67.7 million, with a fully franked final dividend of 3.5 cents per share, taking the total dividend for the year to 5.5 cents per share, up 22.2% compared to the prior year. The company's balance sheet remained conservative, with adequate liquidity and low leverage.

G8 Education reported statutory EBIT of $152.8 million and NPAT of $67.7 million for the full year ended 31 December 2024.