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EDU Holdings Limited (ASX:EDU)

ALERT: Price-sensitive ASX Announcement for EDU
Current share price for EDU : $0.805 -0.185 (-18.69%)+
Announcement
Release
27 Jul 2026 8:33AM
Price at Release
$0.990
Full Release
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Summary
EDU Holdings Limited announced record first-half results for 2026, highlighting significant growth with a 48% increase in revenue to $53.5 million, a 51% rise in EBITDA to $16.5 million, and a 57% increase in profit before tax to $13.0 million. The company saw a 57% increase in Higher Education enrolments, driven by strong growth in domestic and international student numbers and the introduction of new courses. The implementation of an onshore recruitment model post-National Code reforms showed encouraging uptake. With net cash of $24.0 million by the end of June 2026, EDU remains financially robust, continuing its strategic shift towards Higher Education, primarily through its Ikon business, despite a broader market contraction affecting its VET business.
Key Points
  • Record first-half results with significant growth in revenue, EBITDA, and profit before tax.
  • Revenue increased by 48% to $53.5 million.
  • EBITDA rose by 51% to $16.5 million.
  • Profit Before Tax (PBT) up 57% to $13.0 million.
  • Higher Education enrolments increased by 57% due to new courses.
  • Strong growth in both domestic and international student enrolments.
  • Implementation of onshore recruitment model following National Code reforms.
  • Net cash of $24.0 million at 30 June 2026, despite cash outflows for dividends and share buybacks.
  • Growth driven by the Ikon Higher Education business, offsetting softer enrolments in the ALG VET business.
  • Strategic shift towards Higher Education continues.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.