• Financial Strength. Policy Shift. New Leadership
• AI & SKILLS Industry disruption; positioned for in-demand skills and digital application
• Reset Base Strategic Focus Cost structure simplified, margins improving

NextEd Group Ltd has presented its FY25 results, showcasing a strategic reset with a focus on profitability, portfolio, and growth. The company has strengthened its financial position, with cash improving to $18.9 million and no debt. Operating costs have been reduced by $5.6 million (13.2%), while revenue declined by 13.9% to $95.9 million, impacted by the regulatory environment. Despite the revenue decline, EBITDA remained resilient at $14.3 million. The company has undergone a leadership reset, with a new CEO, CFO, and refreshed Board. Operationally, NextEd has seen market share gains in its Greenwich VET (+84%) and English Language (ELICOS) (+11%) segments, and has integrated the International House business, adding $16 million in forward revenue. The company has also simplified its operations through a restructure, delivering a cost-effective shared services model. Looking ahead, NextEd is positioned to benefit from industry tailwinds, with the Student National Planning Level (NPL) up 9% to 295,000 and the government taking a more supportive stance towards the international student sector. The company's strategic review has outlined a clear plan anchored to three pillars: Profitability, Portfolio, and Growth, supported by enablers such as culture, capability, partnerships, and technology.

NextEd Group expects to maintain its Underlying EBITDA margin at around 14.9% in FY25, despite the revenue decline, through its cost management initiatives.

NextEd Group is positioned to benefit from industry tailwinds, with the Student National Planning Level (NPL) up 9% to 295,000 and the government taking a more supportive stance towards the international student sector. The company's strategic reset, focused on profitability, portfolio, and growth, is expected to drive future success.