AGM Address and 1Q26 Trading Update

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Stock EDU Holdings Ltd (EDU.ASX)
Release Time 12 May 2026, 8:21 a.m.
Price Sensitive Yes
 AGM Address and 1Q26 Trading Update
Key Points
  • Revenue up 95% to $82.4m in FY25
  • NPAT increased over five-fold to $14.8m
  • Ikon higher education business drove strong earnings growth
  • Expanded course portfolio with 4 new courses in 2025
Full Summary

EDU Holdings Limited (EDU) reported a transformational year in FY25, with a step-change in scale, performance and strategic momentum. Revenue and other income increased by 95% to $82.4m, EBITDA rose 230% to $26.1m, and net profit after tax increased over five-fold to $14.8m, reflecting the scalability of the company's operating model. The Group's higher education business, Ikon, continued to lead performance, achieving record enrolments and strong earnings growth. Ikon also entered the postgraduate market during the year, expanding its course offerings. The company's vocational education business, ALG, delivered an improved financial outcome despite lower new student enrolments. EDU repaid its debt in full, returned capital through share buybacks, and declared and paid its maiden interim and final dividends, while continuing to invest in the business. The regulatory environment for international education continues to evolve, with the Australian Government introducing further measures aimed at strengthening integrity across the sector. EDU has been developing and implementing strategies to address these changes, including building direct recruitment capability and establishing alternative agent engagement models. The company remains confident in its long-term positioning as a quality provider operating in growth sectors aligned with Australia's skills needs.

Guidance

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

Outlook

EDU has made a strong start to FY26, with Group T1'26 enrolments up 36%. The company continues to shift towards higher education, with 90% of T1'26 new student enrolments. While the impact of regulatory changes remains uncertain, the Board remains confident in EDU's long-term positioning as a quality provider in high-growth sectors.