• Revenue outperformed volume decline, driven by yield growth across Student Placement and English Language Testing
• Transformation progressing well to create a more efficient, technology-enabled business
• FY26 Adjusted EBIT guidance upgraded to $120m to $130m

IDP Education reported its H1 FY26 financial results, with revenue down 6% to $462m but outperforming volume declines. Yield was up 15% in Student Placement and 8% in Language Testing, helping to offset the impact of lower volumes. The company's transformation program is progressing well, with a $25m net reduction in the cost base expected in FY26 through initiatives such as headcount reduction, centralized procurement, and system consolidation. This will more than offset natural cost inflation. IDP Education's focus on quality and trust is underpinning its performance, with student NPS over 70, 90%+ of students highly trusting the company, and visa approval rates outperforming the market. The company has also expanded into new destination markets, launched new products, and made progress on its AI-powered innovation agenda. As a result of the strong operational execution, IDP Education has upgraded its FY26 Adjusted EBIT guidance to $120m to $130m.

IDP Education has upgraded its FY26 Adjusted EBIT guidance to $120m to $130m.

IDP Education is continuing to execute strongly on its global strategy, focused on delivering exceptional outcomes for students and partners. The company is simplifying and strengthening its operating model, reinvesting for growth and productivity, and expanding and diversifying its revenue streams through new products and services.