• FY26 revenue down 11% to $795 million, outperforming volume decline
• Adjusted EBIT $122.9 million, down 7% from FY25
• Net profit after tax $57.1 million, down from $69.9 million
• Share buy-back program of up to $50 million approved
• Continued focus on quality and technology investment

IDP Education Ltd released its FY26 Annual Report, showing a challenging year marked by a 27% decline in student placements and an 8% drop in IELTS test volumes. Despite these declines, the company managed to reduce its overhead costs by $32 million, leading to a 11% increase in student placement yield and a 7% increase in IELTS yield. The company reported a revenue of $795 million, down 11% from the previous year, and an adjusted EBIT of $122.9 million, down 7%. The net profit after tax was $57.1 million, down from $69.9 million in FY25. The company also announced a share buy-back program of up to $50 million, reflecting confidence in its transformation and intrinsic value.

IDP expects FY27 to remain challenging; however, it is confident in its transformation strategy.

IDP is focused on leveraging technology and data to improve customer experience and drive productivity, aiming to deliver more value to university partners and students.