• Revenue recognition aligned across all jurisdictions at census date
• Results in $9.2m increase in FY25 revenue and $5.2m increase in NPAT
• $68.8m decrease in net assets and retained earnings as of 30 June 2025
• FY26 Adjusted EBIT guidance reaffirmed at $115m - $125m

IDP Education Limited (IDP) announced a voluntary change in its revenue recognition accounting policy that will see Student Placement revenue recognized across all jurisdictions at census date. This change will result in revenue being recognized at a later point in time for Australia and the UK compared to historical practice, aligning the timing of revenue recognition to Canada, the United States, Ireland and New Zealand which remain unchanged. The key impacts on IDP's financial statements for FY25 include an increase in revenue and net profit after tax of $9.2m and $5.2m respectively, a decrease in net assets on the balance sheet of $68.8m as at 30 June 2025, and a decrease of retained earnings and equity by $68.8m as at 30 June 2025 due to the in-year profit impact and retrospective application of the accounting policy change. The change in accounting policy is expected to decrease FY26 Revenue and Adjusted EBIT by approximately $2m, but IDP reaffirms its previously issued FY26 Adjusted EBIT guidance of $115m - $125m. The change is not expected to impact operating cash flows, capital management or banking covenants.

IDP reaffirms its previously issued FY26 Adjusted EBIT guidance of $115m - $125m, including the impact of this accounting policy change.