• Acquired rights to contact and enrol former International House students, adding 1,900 new students
• Grew vocational student numbers by 50% vs pcp, partially offsetting declines in English language and Higher Ed revenue
• Delivered positive operating cash flow of $1.0 million, $2.9 million higher than pcp

NextEd Group Limited reported its financial results for the half-year ended 31 December 2024 (H1 FY25). Revenue decreased by 21% to $47.0 million, with EBITDA down 30% to $5.8 million. The company's International Vocational segment saw a 26% decline in revenue to $34.1 million, driven by a 47% drop in English language course revenues due to delays in student visa processing. This was partially offset by a 74% increase in vocational course revenues. The Technology & Design segment also saw a 16% revenue decline to $5.6 million. However, the company was able to grow the Domestic Vocational and Go Study segments, with revenues up 14% and 10% respectively. NextEd acquired the rights to contact and enrol former International House students, adding approximately 1,900 new students expected to generate over $13 million in revenue over the next 12 months. The company also reduced operating costs by $2.9 million to $19.1 million and delivered positive operating cash flow of $1.0 million, $2.9 million higher than the prior corresponding period. NextEd will continue to focus on successfully onboarding the former International House students, cost management, cash flow preservation, and a strategic review of the business to diversify revenue streams and strengthen operational resilience.

NextEd will continue to focus on successfully onboarding the former International House students, cost management, cash flow preservation, and a strategic review of the business to diversify revenue streams and strengthen operational resilience.