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EDU Holdings Limited
(Sydney:EDU)
EDU Holdings Limited (EDU) vs. iShares MSCI Australia ETF (EWA)
EDU Holdings Limited Business Overview & Revenue Model
EDU Holdings Limited Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 82.39M | 42.18M | 21.21M | 18.21M | 20.80M |
| Gross Profit | 31.00M | 24.23M | 11.04M | 9.29M | -24.32K |
| EBITDA | 26.07M | 7.40M | -63.24K | -2.08M | 808.47K |
| Net Income | 14.79M | 2.60M | -2.99M | -4.82M | 1.53M |
Balance Sheet | |||||
| Total Assets | 55.09M | 35.19M | 33.30M | 38.91M | 36.60M |
| Cash, Cash Equivalents and Short-Term Investments | 18.46M | 6.49M | 3.13M | 6.08M | 6.27M |
| Total Debt | 25.08M | 10.46M | 14.32M | 17.39M | 16.51M |
| Total Liabilities | 32.60M | 22.76M | 22.82M | 25.65M | 24.75M |
| Stockholders Equity | 22.49M | 12.43M | 10.48M | 13.26M | 11.85M |
Cash Flow | |||||
| Free Cash Flow | 23.08M | 10.06M | 618.38K | -3.14M | -1.41M |
| Operating Cash Flow | 23.97M | 11.25M | 1.10M | -1.98M | -1.21M |
| Investing Cash Flow | -1.87M | -2.21M | -464.15K | -1.12M | 1.57M |
| Financing Cash Flow | -10.14M | -5.34M | -3.59M | 2.90M | -1.91M |
EDU Holdings Limited Technical Analysis
EDU Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$94.45M | 7.54 | 60.13% | 1.17% | 120.57% | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | AU$111.92M | 10.48 | 12.33% | 9.92% | ― | ― | |
48 Neutral | AU$30.49M | -7.51 | 10.80% | 1.67% | -2.81% | -503.02% | |
45 Neutral | AU$48.94M | -7.05 | -53.18% | ― | -13.91% | 53.37% | |
45 Neutral | AU$15.91M | -14.81 | -7.51% | ― | 1.42% | 86.97% | |
38 Underperform | AU$21.36M | -3.13 | -126.76% | ― | -14.55% | 70.98% |
EDU Holdings Limited Corporate Events
EDU Holdings reported a 95% jump in FY25 revenue to $82.4 million, driven mainly by strong enrolment growth at its Ikon higher education arm, which now accounts for 80% of group revenue and 90% of operating EBITDA. Group EBITDA surged 232% to $26.1 million, NPAT climbed to $14.8 million, and robust cash generation underpinned dividends, share buybacks and full debt repayment.
Ikon’s student enrolments reached a record 4,537 in the third trimester of 2025, supporting a 135% rise in revenue and a 40% EBITDA margin, as the business expanded into postgraduate offerings and broadened its course portfolio. Vocational unit ALG returned to profitability with double-digit enrolment and revenue growth, while ongoing course development and significant capital returns signal a more scalable, higher-margin profile aimed at enhancing long-term shareholder value.
The most recent analyst rating on (AU:EDU) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited has declared an ordinary dividend of A$0.03 per fully paid share for the six‑month period ended 31 December 2025, reinforcing its commitment to returning capital to shareholders. The dividend will trade ex‑dividend on 3 March 2026, with a record date of 4 March 2026 and payment scheduled for 31 March 2026, signalling stable cash generation and providing income visibility for investors.
The most recent analyst rating on (AU:EDU) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited, an education services provider, reported a substantial turnaround in its financial position for the year ended 31 December 2025, reflecting stronger demand and improved operational scale in its training and learning businesses. The group’s net tangible asset backing per share also moved from negative to positive, indicating a healthier balance sheet and greater underlying asset support for shareholders.
Revenue from continuing operations nearly doubled to $82.4 million, while EBITDA more than tripled and profit after tax surged to $14.8 million, marking a 469% increase on the prior year. The company declared its maiden fully franked interim dividend of $0.01 per share and announced a further fully franked final dividend of $0.03 per share, signalling confidence in ongoing cash generation and providing a new income stream for investors.
The most recent analyst rating on (AU:EDU) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited has released its latest Corporate Governance Statement, together with the accompanying Appendix 4G, in line with ASX Listing Rules 4.7 and 4.10.3. The publication underscores the company’s ongoing compliance with Australian governance and disclosure standards, providing investors and other stakeholders with transparency on its governance framework and board oversight practices.
The documents formalise how EDU addresses key governance principles expected of ASX-listed entities, including accountability and regulatory alignment. While no operational or financial updates were included, the release reinforces EDU’s commitment to best-practice corporate governance, which can influence investor confidence and its standing within the Australian education and broader capital markets.
The most recent analyst rating on (AU:EDU) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings reported record Term 1 2026 enrolments of 6,627 students, up 36% year on year, driven by strong growth at Ikon Institute, which now accounts for 80% of total enrolments. New student enrolments rose 5% to 1,163, with higher education representing 90% of new intake, supported by strong demand for recently launched postgraduate offerings and a record domestic student cohort.
Courses introduced in 2025 contributed nearly a quarter of Ikon’s latest trimester enrolments, while new Bachelor and Master of Social Work programs launched in 2026 are expected to deepen the higher education mix and revenue visibility due to longer course durations. Vocational enrolments at Australian Learning Group softened amid tighter visa settings, but the segment remains strategically important for student diversity and pathways, as the company implements mitigation strategies and diversifies recruitment channels ahead of regulatory changes to agent commissions.
The most recent analyst rating on (AU:EDU) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited has announced that director Gary Zalman Burg ceased to be a director of the company on 20 February 2026, with a final notification of his relevant interests lodged with the ASX. The filing shows Burg holds no shares directly but maintains an indirect interest in 3,585,292 fully paid ordinary shares through Court Super Pty Ltd as trustee for the G&P Burg Super Fund, indicating a continued significant economic stake despite his board departure.
The change removes Burg from the company’s boardroom while preserving substantial shareholder exposure via his superannuation structure. For investors, the update clarifies that although governance roles have shifted, Burg’s financial alignment with EDU Holdings remains material, which may temper concerns about wholesale disengagement and provide continuity from a major beneficial holder.
The most recent analyst rating on (AU:EDU) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings has announced the immediate resignation of Non-Executive Chair and Director Gary Burg due to health reasons, ending a decade-long tenure that began after the company’s 2016 recapitalisation and ASX relisting. Burg, who led the supporting investor consortium, departs at what he describes as a positive stage in EDU’s evolution and is credited by the board with providing steady guidance through both challenging and defining periods.
Long-standing Non-Executive Director Peter Mobbs has been appointed Interim Non-Executive Chair to ensure leadership continuity while the board begins a formal search for a permanent successor. The transition marks a significant governance change for EDU but is framed as orderly and respectful, aiming to minimise disruption to operations and reassure stakeholders of the company’s stability and ongoing strategic direction.
The most recent analyst rating on (AU:EDU) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited has outlined its 2026 reporting timetable for student enrolment metrics across its higher education arm, Ikon Institute, and vocational arm, Australian Learning Group. The company will publish enrolment data for Ikon’s trimesters and ALG’s terms in late February, mid-June, and mid-October.
The scheduled disclosure of student numbers provides investors and other stakeholders with clearer visibility on EDU’s operational performance through the academic year. Regular reporting of enrolment trends is likely to be a key indicator of demand for the group’s courses and may influence assessments of revenue momentum and capacity planning across its higher education and vocational portfolios.
The most recent analyst rating on (AU:EDU) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
Macquarie Group Limited and its controlled entities have lodged a formal notice that they have ceased to be a substantial holder in EDU Holdings Limited as of 2 February 2026, ending their prior status as a major shareholder in the education company. The change in substantial holding alters EDU Holdings’ share register composition and may signal a shift in institutional investor support, with potential implications for trading liquidity and market perception of the company’s stock, though no specific rationale or transaction details were disclosed in the filing.
The most recent analyst rating on (AU:EDU) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited expects its FY25 financial results to come in towards the top end of guidance, with revenue projected at $80.4 million to $82.4 million, EBITDA at $24.1 million to $25.6 million, and NPAT at $13.6 million to $15.1 million, representing very strong year-on-year growth. Performance is being driven primarily by its higher education arm, Ikon Institute, which has expanded into the postgraduate market and is seeing progressive enrolment growth, while its vocational arm, ALG, is experiencing softer enrolments amid challenging VET sector conditions but remains strategically important for student diversity and pathways; management highlights diversified student mix, expanded course offerings, multiple recruitment channels and a strong balance sheet as positioning the group well for 2026 and upcoming regulatory changes in international education.
The most recent analyst rating on (AU:EDU) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited has outlined the implications of amendments to Australia’s National Code of Practice for Providers of Education and Training to Overseas Students, which will prohibit education providers from paying recruitment commissions to agents for international students transferring between onshore providers before completing their principal course, effective for new acceptances from 1 April 2026. While this change affects a material share of new enrolments at its Ikon Institute, EDU expects underlying demand for its courses to remain resilient and is adapting by reworking its agent engagement models, expanding direct recruitment into the onshore international market, pushing harder into offshore recruitment, and further growing domestic enrolments, particularly at postgraduate level, leaving the ultimate financial impact uncertain but positioning the company to maintain competitiveness under the new regulatory settings.
The most recent analyst rating on (AU:EDU) stock is a Hold with a A$0.91 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited has called an Extraordinary General Meeting for 12 February 2026 in Sydney to seek shareholder approval for a selective buyback of 10 million fully paid ordinary shares from major shareholder Mulpha Education Investments Pty Ltd. An independent expert has concluded that the proposed Mulpha buyback is fair and reasonable, a finding that may also help shareholders assess a separate proposed buyback from Investec. The vote, subject to regulatory and listing rule requirements including voting exclusions for Mulpha and its associates, could reshape EDU’s share register, potentially reducing the influence of key investors and altering the company’s capital structure and governance dynamics for remaining shareholders.
The most recent analyst rating on (AU:EDU) stock is a Buy with a A$0.93 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited has called an Extraordinary General Meeting for 12 February 2026 in Sydney to seek shareholder approval for a series of share buyback proposals involving stakes held by Mulpha Education Investments Pty Ltd and Investec Australia Pty Ltd, as well as a conditional on-market buyback. All resolutions will be decided by poll, with shareholders encouraged to vote either in person or by proxy, underlining the potential impact of these capital management initiatives on the company’s share register, ownership structure and capital allocation strategy.
The most recent analyst rating on (AU:EDU) stock is a Buy with a A$0.93 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited announced a change in the indirect interest of its director, Mr. Peter Mobbs, involving an acquisition of 2,143,000 fully paid ordinary shares through an on-market trade. This transaction, valued at $1,553,675, increases Mr. Mobbs’ total holding to 7,224,671 shares, indicating a significant vote of confidence in the company’s prospects and potentially impacting investor perceptions positively.
The most recent analyst rating on (AU:EDU) stock is a Buy with a A$0.91 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited has announced the cessation of Mr. Gregory David Shaw as a director, effective December 1, 2025. This change in directorship is part of the company’s regulatory compliance, as disclosed in the final director’s interest notice to the ASX. Mr. Shaw held an indirect interest in 16,205,757 securities through Mulpha Education Investments Pty Ltd, but had no direct holdings or contractual interests. The impact of this change on EDU Holdings Limited’s operations or market positioning is not explicitly detailed in the release.
The most recent analyst rating on (AU:EDU) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.
EDU Holdings Limited has upgraded its FY25 financial guidance due to stronger-than-expected enrolments at its Ikon Institute and favorable cost timing, projecting significant increases in revenue, EBITDA, and net profit compared to FY24. Additionally, the company announced a selective buy-back initiative involving 18 million shares from major shareholders Mulpha and Investec, aimed at enhancing earnings per share without hindering growth plans, while also reflecting the board’s belief in the company’s undervalued share price.
The most recent analyst rating on (AU:EDU) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on EDU Holdings Limited stock, see the AU:EDU Stock Forecast page.