• Resilient FY26 financial performance with stable gross profit margin at 60%
• Strong yield growth supporting revenue performance
• Adjusted EBIT down 7% within guidance range
• Net Leverage Ratio improved to 1.0x
• Share buyback of up to $50m announced

IDP Education Ltd. (ASX: IEL) announced its FY26 financial results, showcasing a resilient performance despite market challenges. The company reported a stable gross profit margin of 60%, driven by strong yield growth in Student Placement and English Language Testing. Adjusted EBIT decreased by 7% within the guidance range, reflecting disciplined cost management and strategic execution. The company improved its capital position with a Net Leverage Ratio of 1.0x, down from 1.4x. IDP Education also announced a share buyback of up to $50m and declared a final unfranked dividend of 6 cents per share. The company continued its transformation initiatives, achieving a $32m net reduction in the cost base, exceeding the $25m target. IDP Education expanded its Student Placement destinations to Malaysia and UAE and launched IELTS in China, enhancing its global footprint.

Adjusted EBIT down 7% within guidance range

IDP Education remains focused on transforming its operations to optimize future potential, with continued investment in technology and AI to improve student experience and conversion rates. The company aims to leverage its global purchasing power and consolidate systems to drive efficiency and productivity.