Kip McGrath Education Centres Limited (ASX:KME)

ALERT: Price-sensitive ASX Announcement for KME

Current share price for KME : $0.730 0.005 (0.69%)⁺

Announcement

Preliminary Final Report

Release

10 Aug 2026 10:45AM

Price at Release

$0.725

Full Release

Summary

Kip McGrath Education Centres Limited reported a preliminary final report for the year ended 30 June 2026, highlighting a 4.3% decrease in revenue from continuing operations to $30,071,000 and a 2.1% increase in net profit after tax to $2,336,000 from continuing operations. Overall profit for the year was $2,525,000, a significant increase from the previous year's loss. The company paid $836,000 in fully franked dividends and conducted a share buy-back, reducing shares on issue. Strategic initiatives included exiting U.S. operations, investing $0.7m in enhancing the KipLearn platform, and focusing on expanding their core markets and franchise operations. Kip McGrath maintains a strong financial position with $5.6 million in cash and no debt, while continuing to invest in its educational platform and franchise network.

Key Points

Revenue from continuing operations down 4.3% to $30,071,000.
Net profit after tax (NPAT) increased by 2.1% to $2,336,000 from continuing operations.
Profit for the year attributable to owners was $2,525,000, up 147.5% from the previous year.
The company paid fully franked dividends amounting to $836,000.
A share buy-back reduced shares on issue by 4,416,379.
Kip McGrath exited U.S. operations as planned.
Continued investment in KipLearn platform with $0.7m spent.
A strong balance sheet with $5.6m in cash and no debt.
Strategic focus on expanding core markets and franchise operations.

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.