• Optimising the controllables and maintaining a disciplined approach to costs aligned to short-term market conditions
• Focus on quality and innovation ensures IDP is well-placed to continue to grow Student Placement market share
• Global scale and unique offering means IDP is the leading player in a large market

IDP Education reported its H1 FY25 financial results, with revenue of $475.4m down 16% and EBIT (Adjusted) of $92.7m down 40% compared to the prior period. The decline in revenue was driven by a drop in Student Placement and English Language Testing volumes, partially offset by price increases across all products and services. Student Placement revenue was down 14%, with revenue from Placements down 17% and revenue from Other Student Placement services up 5%. English Language Testing revenue was down 19% due to lower volumes in India, partially offset by volume growth in other markets and improvement in average price. English Language Teaching revenue was up 4% due to volume growth in Cambodia. Direct costs were down 9%, while overhead costs were down 14%, driven by reduced staff costs and discretionary spend. The company's focus on quality and innovation has ensured it is well-placed to continue to grow Student Placement market share, with volumes outperforming the market decline of 28% with a 15% decline. IDP's global scale and unique offering mean it is the leading player in a large market.

IDP Education expects a lower skew to H1 FY25 compared to previous periods due to the impact of policy announcements.