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Why Kip McGrath Is Exiting the USA and What It Means for FY25 Profits
11:11am on Tuesday 24th of June, 2025 AEST
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Education
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Why Kip McGrath Is Exiting the USA and What It Means for FY25 Profits
11:11am on Tuesday 24th of June, 2025 AEST
Key Points
Exit from USA operations including Tutorfly and Frisco centre
Underlying FY25 revenue slightly down but EBITDA up 15.7-21.4%
Significant non-recurring charges from USA exit and asset impairments
CEO transition costs and onerous lease provision impact results
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Kip McGrath Education Centres (ASX:KME)
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