iCollege Ltd. (AU:NXD) has released an update.
NextEd Group Limited, a prominent Australian education service provider, faces significant reductions in international student commencements due to proposed government caps starting in 2025. The Federal Government’s proposed National Planning Level could see NextEd’s higher education and vocational commencement caps cut by 42% and 45%, respectively, from previous years’ figures. While these limitations pose challenges, the company’s diverse revenue streams, including domestic students and English language courses unaffected by the caps, and its commitment to prudent financial management suggest resilience in the face of policy changes.
For further insights into AU:NXD stock, check out TipRanks’ Stock Analysis page.
