• Revenue up 95% to $82.4m, momentum continuing into FY26
• NPAT of $14.8m, margin up 12 ppts to 18%
• Expanded HE course portfolio, 4 new courses launched in 2025

EDU Holdings Ltd has reported strong financial results for the year ended 31 December 2025, with revenue up 95% to $82.4m and NPAT of $14.8m, a margin increase of 12 percentage points to 18%. The company has seen robust cash flow performance, with net cash up by $13.5m after full debt repayment, buybacks, and dividends. EDU has continued to strengthen its higher education business, with HE enrolments up 109% and now accounting for 80% of group revenue, up from 45% in FY22. The company has also expanded its course portfolio, launching 4 new courses in 2025 which represented 17% of enrolments in T3'25. Vocational education enrolments were up 11% despite softer market conditions, and the company's pathway to higher education remains strategically valuable. EDU has a national campus footprint across 4 states and online, with 75 classrooms operating at 78% capacity in Sydney and 71% in Melbourne. Looking ahead, the company has had a strong start to FY26 with T1'26 enrolments up 36%, and remains confident in its long-term positioning as a quality provider in high-growth sectors.

Revenue, EBITDA and NPAT are expected to be up on FY25, with a step-up in costs to support growth, including investment 'ahead of the curve'.

The company remains confident in its long-term positioning as a quality provider in high-growth sectors. It will continue to balance funding growth initiatives, maintaining balance sheet strength, and returning surplus capital to shareholders via dividends and share buybacks.