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Nexted Group Limited (ASX:NXD)

ALERT: Price-sensitive ASX Announcement for NXD
Current share price for NXD : $0.050 -0.03 (-37.50%)+
Announcement
Release
19 Aug 2026 7:48AM
Price at Release
$0.080
Full Release
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Summary
NextEd Group Limited reported its financial results for the fiscal year ending on June 30, 2026. The company faced a challenging operating environment but managed to deliver a resilient performance. Revenue amounted to $88.9 million, a decrease of 6.7% year-over-year, while underlying EBITDA increased by 7.0% to $15.3 million. Despite a net loss after tax of $12.0 million, this marked a 17.5% improvement from the previous year. The company sustained its diversification strategy by increasing its focus on higher-margin vocational courses, which now constitute 59% of its international segment revenue. The Group's market share in the VET sector rose to 2.5%. Strong financial discipline resulted in a cumulative reduction in operating costs by $8.5 million over two years. The company remains debt-free with a cash balance of $18.2 million. Despite external challenges such as high student visa charges and low visa grant rates, NextEd maintains a strong market position and aims to focus on resilient business segments like care economy and community services in the coming year.
Key Points
  • Revenue: $88.9 million (-6.7% YoY)
  • Underlying EBITDA: $15.3 million (+7.0% YoY)
  • Net loss after tax: $12.0 million (improved from $14.6 million loss)
  • VET market share increased to 2.5%
  • Vocational courses constitute 59% of international revenue
  • Operating cost reduction of $8.5 million over two years
  • Cash at bank: $18.2 million, no external debt
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.