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Academies Australasia Group Limited ( (AU:AKG) ) has issued an update.
Academies Australasia Group Limited reported a challenging yet improved financial performance for FY25, with revenue growth of 1.5% and a significant turnaround in EBITDA from a negative $2.5 million in FY24 to $7.2 million. The company saw a notable increase in higher education revenue, particularly in Perth, while English language operations faced a decline. The acquisition of shares in CSF has made Academies Australasia the sole shareholder of all its colleges. The company is recognized for its excellence in English language education, winning several awards. Looking ahead, the company faces challenges due to new government restrictions on international student allocations, impacting eight of its colleges.
More about Academies Australasia Group Limited
Academies Australasia Group Limited operates in the education industry, providing higher education, vocational education and training (VET), and English language courses. The company has a significant presence in Australia and Singapore, with a focus on expanding its higher education operations, particularly in Perth.
Average Trading Volume: 43,024
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$14.59M
Find detailed analytics on AKG stock on TipRanks’ Stock Analysis page.