• Revenue declined 13.9% to $95.9 million
• Net loss improved 53.3% to $14.6 million
• Completed re-enrolment of 1,900 students from International House
• Expanded vocational offering with 79% growth in international student revenue

FY25 was a year of transition and consolidation for NextEd Group Ltd. The appointment of Mark Kehoe as CEO marked the beginning of a broader reset, supported by a Board focused on restoring operational and financial stability. The business has been reshaped, the cost base adjusted, and a clearer strategy established to guide execution through FY26 and beyond. The company reported a 13.9% decline in revenue to $95.9 million, primarily driven by regulatory uncertainty and reduced visa approval volumes affecting enrolments. However, the Group reported a 53.3% improvement in net loss to $14.6 million, underpinned by cost reduction initiatives and tighter financial controls. The company completed the re-enrolment of over 1,900 students from International House, generating more than $16 million in forward revenue and improving campus utilisation. NextEd also expanded its vocational offering in high-demand sectors, with revenue from vocational courses for international students growing by 79% in the year. The strategic review has shaped a clear and focused operating strategy, built around improving profitability, enhancing the portfolio, and creating a platform for future growth through simplification.

The company reported EBITDA before significant items of $14.3 million for the year ended 30 June 2025.

NextEd remains focused on quality, compliance, efficiency and cash discipline. The company sees opportunities ahead as the sector begins to consolidate and is encouraged by the Federal Government's positive comments regarding its intentions for the international education sector. The company also sees significant opportunities in the Domestic market and in the AI space.