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Kip McGrath Revises FY26 Guidance Lower on Softer Lesson Demand

9:12am on Monday 22nd of June, 2026 AEST Education
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Kip McGrath Revises FY26 Guidance Lower on Softer Lesson Demand

9:12am on Monday 22nd of June, 2026 AEST
Key Points
  • Mid-single digit revenue decline forecast for FY26
  • Lesson numbers fall despite price increases
  • Strong AUD pressures UK and NZ earnings
  • Capital expenditure cut and deferred to FY27
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