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.
While enrolments in EDU's vocational education business, Australian Learning Group, softened amid sector-wide challenges, it remains strategically important for student diversity and pathways into higher education.
Davis highlighted that EDU's diversified student mix, expanded course offerings, multiple recruitment channels, and robust balance sheet position the company to navigate forthcoming regulatory changes in the international education sector.
EDU is expected to release its FY25 financial results on or around Feb. 26.