• Resilient FY26 financial performance with revenue of $795.4 million
• Strong balance sheet with net leverage ratio of 1.0x
• Ongoing transformation progress with $32 million net reduction in cost base

IDP Education Limited (ASX: IEL) announced its FY26 financial results, showing a resilient performance despite significant declines in international student volumes. Revenue was $795.4 million, down 9%, while adjusted EBIT was $122.9 million, down 7%. The company maintained its commitment to quality, with student NPS above 70 and trust levels at over 90%. IDP also achieved disciplined cost control, reducing direct costs by 8% and adjusted overhead costs by 11%, delivering a $32 million net reduction in the cost base. The company's balance sheet remains strong with a net leverage ratio of 1.0x and a cash conversion of 139%. IDP expects FY27 adjusted EBIT between $95 million and $115 million, with continued focus on profitable growth and yield improvements.

IDP expects FY27 adjusted EBIT between $95 million and $115 million.

IDP's focus for FY27 is on managing financial performance and delivering on transformation priorities to position the business for future growth. The company expects revenue outperformance driven by profitable growth and yield improvements.