EDU (EDU) investor relations material

Executive summary

• Revenue increased 50% year-over-year to $54.3m, driven by strong higher education enrolment growth and portfolio expansion.

• Net profit after tax rose 49% to $9.3m, with margins maintained at 17%.

• Basic EPS grew 73% to 7.21 cents, reflecting improved profitability.

• Operating cashflow reached $25.1m, supporting a closing cash balance of $24.0m and no debt.

• Interim fully-franked dividend of 3.0 cps declared, up from 1.0 cps in the prior period.

Financial highlights

• EBITDA increased 54% to $16.8m, with margin up to 31%.

• Gross profit rose 55% to $34.0m, with gross margin up 2 ppts to 63%.

• Profit before tax up 61% to $13.3m.

• Enrolments grew 32% to 7,036, with higher education now 83% of total enrolments.

• Operating cash flow: $25.1m, up from $19.7m; closing cash $24.0m.

Outlook and guidance

• Revenue, EBITDA, and NPAT expected to remain up on prior corresponding period in 2H26.

• Board expects higher revenue, EBITDA, and NPAT for FY26 compared to the prior year.

• Continued investment in diversification and growth, with cost increases to support higher student volumes.

• Ongoing investment in course portfolio expansion and recruitment diversification.

• Regulatory and policy uncertainty in the international education sector may impact future results.