EDU Holdings (ASX:EDU) is on track to deliver FY25 results at the upper end of its guidance, with revenue expected between $80.4 million and $82.4 million, up 92% from $42.3 million in FY24.
EBITDA is forecast at $24.1 million to $25.6 million, representing a 215% increase, while net profit after tax is projected to reach $13.6 million to $15.1 million—more than five times last year’s $2.6 million.
CEO Adam Davis attributed the strong performance to the continued growth of EDU's higher education arm, Ikon Institute, which now accounts for the majority of the group's earnings.
The year saw Ikon expand into the postgraduate market, launching four new courses that accounted for 17% of Trimester 3 enrolments, with two additional courses scheduled for Trimester 1, 2026, targeting domestic and international students.