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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
IDP Education
IDP Education (IEL) investor relations material
IDP Education AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2026 summary26 Oct, 2026
Opening remarks and agenda
Tracey Horton opened the AGM, welcomed in-person and online shareholders, and opened the poll on resolutions; attendees could question the Board, management and Deloitte.
Formal business included FY2026 financial, directors’, sustainability and auditor reports, director elections, the Remuneration Report and incentive resolutions.
Financial performance review
FY2026 revenue was AUD 795m, down 11%, and adjusted EBIT AUD 122.9m, down 7% and within guidance.
Student Placement volumes fell 27% and IELTS volumes 8%; yields rose 11% and 7%, respectively.
Net cost base fell AUD 32m, exceeding the AUD 25m target; strong cash generation and working-capital discipline reduced net leverage to 1.0x from 1.4x.
Board and executive committee updates
Anne Brennan joined as an independent non-executive director in September 2026 and stood for election; Tracey Ah Hee was due to join in November 2026.
Ariane Barker and Andrew Barkla retired at the AGM; Chris Leptos retired in June 2026. Paul Rogan chairs the Audit and Risk Committee.
Anne Brennan cited her finance, audit, risk, governance and capital-management experience and backed a strategy focused on market-share growth, margin management and innovation.
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Latest events from IDP Education
- Revenue down 9–11% as yield gains and cost cuts offset volume declines; further transformation ahead.IEL
H2 2026 - Revenue and profit fell but yield gains, cost cuts, and transformation drove upgraded EBIT guidance.IELH1 2026
- Earnings and volumes fell, costs cut, board renewed, and a tech-driven transformation launched.IELAGM 2025
- Revenue and profit declined sharply, but cost control and transformation drive resilience.IELH2 2025
- Record FY24 revenue and student placement growth achieved amid regulatory challenges.IELAGM 2024
- Record revenue and student placement growth, but FY25 faces a 20%-25% volume decline risk.IELH2 2024
- Despite a 20-25% market contraction, volumes and market share are expected to outperform.IELStatus Update
- Revenue and profit declined, but cost control, price gains, and market share provided support.IELH1 2025
- FY2025 earnings forecast at $115–$125 million amid a 28%-30% drop in student placements.IELInvestor Update
Next IDP Education earnings date
H1 202724 Feb, 2027
IDP Education
Next IDP Education earnings date
H1 202724 Feb, 2027
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Frequently asked questions
IDP Education Limited engages in the placement of students into education institutions in Asia, Australasia, and internationally. It also delivers programs which enhance employability skills for individuals, comprising work experience placements and business-to-business and business-to-consumer training courses. The company was founded by William Jack in 1969 and is based in Docklands, Australia.