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NEXTED GROUP LIMITED — Earnings Release 2025
Feb 25, 2025
65463_rns_2025-02-25_4735723a-ad07-41ff-b191-6238139f1a21.pdf
Earnings Release
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26 FEBRUARY 2025
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ASX / MEDIA RELEASE
FY25 HALF YEAR RESULTS
NextEd Group Limited ( ASX: NXD ) ( NextEd or the Company ) today announced its results for the half-year ended 31 December 2024 (H1 FY25).
Responding to Industry Challenges with Disciplined Execution
NextEd continues to adapt to a shifting regulatory environment with a sharp focus on financial discipline and operational efficiency. While industry challenges persist, we are taking decisive actions to stabilise performance, optimise costs, and position NextEd for long-term growth.
Financial Performance
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Revenue: $47.0M (-21% YoY) largely due to government restrictions on international student enrolments.
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EBITDA: $5.8M (-30% YoY) impacted by the revenue decline, partially offset by cost efficiencies.
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Net Loss After Tax: $8.3M (including a $5.3M impairment charge mostly related to Technology & Design).
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Adjusted NPAT(A): $2.2M loss (vs. $1.4M profit in H1 FY24).
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Cash Position: $13.7M as of 31 December 2024 (including $3.5M held as security over bank guarantees).
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Contract Liabilities (Deferred Revenue): $31.5M (-3% from June 2024), stabilising after prior period decline.
Operational Highlights
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International House Integration: 1,900+ students re-enrolled, generating future revenue of $13M+ to be realised over next 12 months
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Cost Savings: $7M annualised savings locked in, with $5M realised in FY25 and $2M confirmed for FY26.
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Improving campus utilisation by ~20ppts across Sydney, Melbourne, Brisbane, Adelaide and Gold Coast following IH re-enrolments (H2 FY25). Exiting under-utilised sites to improve efficiency.
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New Course Expansion: 74% growth in vocational course revenue for international students, particularly in Healthcare and Hospitality.
environment. A strategic review is progressing with findings to be presented in Q4 FY25.
Half year FY25 results presentation
NextEd invites investors to attend a webinar today at 11.00am (AEST) to discuss the results being hosted by the CEO, Mark Kehoe and CFO, Michael Fahey.
Webinar registration link https://us06web.zoom.us/webinar/register/WN_GpefYRIeRgSZX4V862pPRQ
This announcement has been approved for release by the Board of NextEd Group Limited.
For further information
| Mark KehoeChief Executive Officer[email protected] | Lisa JonesCompany Secretary[email protected] |
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NextEd Group Limited
Level 2, 7 Kelly Street, Ultimo, NSW, 2007