IDP Education (IEL) AGM 2026 summary

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.