Key points
- Revenue down 4.3% to $30.1m
- Profit after tax up 2.1% to $2.3m
- Net tangible assets per share increased to 4.81 cents
- Final dividend of 0.5 cents per share paid
- Exited US operations
Full summary
Kip McGrath Education Centres Limited has released its financial results for the year ended 30 June 2026. The company reported a 4.3% decrease in revenue to $30.1 million and a 2.1% increase in profit after tax to $2.3 million. The company attributed the revenue decline to fewer lessons and unfavourable exchange rate movements, partly offset by price increases. Despite the challenges, the company managed to increase average lesson prices by 2.9%. The company also reduced its number of centres by 20 to focus on higher-value operations. The net tangible assets per share increased to 4.81 cents. The company paid a final dividend of 0.5 cents per share and exited its US operations during the year.
Outlook
The company is focusing on driving growth in core markets and exploring new growth opportunities beyond core markets and services.