1H25 - Half-Year Results Announcement
| Stock | EDU Holdings Ltd (EDU.ASX) |
|---|---|
| Release Time | 27 Aug 2025, 8:45 a.m. |
| Price Sensitive | Yes |
EDU Holdings Ltd Reports Record First-Half FY25 Results
- Group revenue up 114% to $36.1m
- EBITDA increased to $10.9m from $2.3m, with margin expanding 17ppts to 30%
- Statutory NPAT of $6.3m, compared to $28k in the PCP
- Maiden interim fully-franked dividend of $0.01 per share
EDU Holdings Limited (EDU or the Company), a leading tertiary education group, has reported its results for the six months ended 30 June 2025 (1H25). Group revenue increased by 114% to $36.1m, driven by strong enrolments growth across both Ikon and ALG. EBITDA rose from $2.3m to $10.9m, with the margin expanding 17ppts to 30%. The Group recorded net profit after tax for the period of $6.3m, a substantial increase from the $28k recorded in the previous corresponding period (PCP). Strong operating cashflows increased net cash and cash equivalents to $21.2m at period end, from $5.0m at 31 December 2024. In light of the strong first-half results, positive trading outlook, and robust balance sheet, the Board declared a maiden interim fully-franked dividend of $0.01 per share. Ikon, EDU's higher education business, underpinned the Group's growth, with revenue up 163% and EBITDA margin expanding 10ppts to 38%. New student enrolments across Trimester 1 and 2, 2025 totalled 1,600, a 63% increase on the PCP. ALG, the Group's vocational education business, also delivered revenue growth of 36% and a material step-up in EBITDA, though enrolments have begun to decline due to sector-wide softness. The Board expects Ikon's enrolments to continue growing in 2H25, while ALG enrolments and revenue are expected to decline. At the Group level, 2H25 EBITDA and NPAT are expected to remain broadly consistent with 1H25.
The Board expects Ikon's enrolments to continue to grow in 2H25, supported by a strong Trimester 3 intake and a low level of completions. At the Group level, 2H25 EBITDA and NPAT are expected to remain broadly consistent with 1H25.
The Board notes the ongoing regulatory risk and uncertainty relating to reforms in international education policy and settings. EDU remains focused on investing in growth initiatives, broadening its product offering and target markets, and strengthening its student recruitment efforts in Australia and offshore, to support sustainable performance into the future.