IDP Education posts revenue of $795.4M
- IDP Education reported FY26 revenue of $795.4 million and adjusted earnings before interest and tax of $122.9 million.
- Investors reacted negatively to the financial results and weak outlook, sending the stock down to $1.58.
- The company stated that it is addressing market headwinds through strict cost control and headcount reductions.
IDP Education (ASX: IEL) reported FY26 revenue of $795.4 million, down 9% as student volumes fell.
The company stated that lower student volumes reflected ongoing visa restrictions across key destination markets.
The business delivered a $32 million overhead cost reduction, exceeding its $25 million target.
Management declared a 6-cent final dividend and announced a share buyback of up to $50 million.
“Our working capital discipline and focus on cash generation have supported balance sheet deleverage as well as ongoing investment and active capital management,” said Tennealle O’Shannessy, IDP CEO and Managing Director.
Following the announcement, the IDP Education share price was down at $1.58.
The board declared a final dividend of 6 cents per share, taking the full-year declared dividend to 9 cents per share.
For FY27, IDP expects an adjusted EBIT of $95 million-$115 million. IDP expects revenue outperformance driven by a focus on profitable growth and average yield improvements.
The company has historically expanded its global network by acquiring education institutions and increasing its digital footprint.
