2024 - Appendix 4E
| Stock | EDU Holdings Ltd (EDU.ASX) |
|---|---|
| Release Time | 26 Feb 2025, 8:33 a.m. |
| Price Sensitive | Yes |
EDU Holdings Ltd reports 96% revenue growth in FY2024
- Revenue and other income from continuing operations increased by 96% to $42.2 million
- EBITDA grew by 1,344% to $7.9 million
- Net profit of $2.6 million, compared to a loss of $3.0 million in the prior year
EDU Holdings Ltd has released its Appendix 4E for the year ended 31 December 2024, reporting a 96% increase in revenue and other income from continuing operations to $42.2 million. The company's EBITDA grew by 1,344% to $7.9 million, while it recorded a net profit of $2.6 million, compared to a loss of $3.0 million in the prior year. The strong financial performance was driven by continued growth in the company's core business activities. No control was gained or lost over entities during the period, and no dividend was paid or proposed. The consolidated entity's Annual Report for the year ended 31 December 2024 contains an independent audit report that is not subject to a modified opinion, emphasis of matter or other matter paragraph.
For the financial year ending 31 December 2025, the company expects revenue and other income from continuing operations to be in the range of $45 million to $50 million, with EBITDA expected to be in the range of $8 million to $10 million.
The company is optimistic about its future growth prospects, driven by continued expansion of its core business activities and the successful integration of recent acquisitions. Management remains focused on driving operational efficiencies and delivering sustainable shareholder value.