• Revenue surged 114% to $36.1m
• NPAT increased materially to $6.3m vs $28k in PCP
• Ikon continues to drive Group performance with 132% increase in HE enrolments

EDU Holdings Ltd, a quality-focused education group, reported strong 1H25 results with revenue surging 114% to $36.1m and net profit after tax (NPAT) increasing materially to $6.3m, compared to $28k in the previous corresponding period (PCP). The Group's Ikon business continued to drive performance, with higher education (HE) enrolments up 132%. Vocational education and training (VET) enrolments also increased by 30% despite recent softness in new student enrolments. The Group expanded its course portfolio, launching 4 new programs in 1H25 and 2 newly accredited programs to launch in 2026. Margin leverage was delivered, with a $6.2m increase in NPAT from $19.3m additional revenue, highlighting the Group's scale efficiency. The Group's financial position remained strong, with net cash increasing by $16.2m to $21.2m. The Board declared a maiden fully-franked interim dividend of $0.01 per share, payable on 30 September 2025. Looking ahead, the Group expects the strong momentum in Ikon to more than offset the decline in VET over the medium term.

The Group expects to maintain its strong financial performance, with Ikon continuing to drive growth and the VET business expected to stabilize in the medium term.

EDU Holdings Ltd remains focused on its ambitious higher education course development program, alongside a renewed focus on both organic and acquisition-led growth. The Group is well-positioned to capitalize on the strong demand for employment-focused courses in high-growth sectors with persistent skills shortages.