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Cluey Narrows EBITDA Loss as Cost Cuts Offset Revenue Decline

9:03am on Wednesday 29th of July, 2026 AEST Education Technology
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Cluey Narrows EBITDA Loss as Cost Cuts Offset Revenue Decline

9:03am on Wednesday 29th of July, 2026 AEST
Key Points
  • Underlying EBITDA loss improved 14% to $0.66 million
  • Gross profit margin rose to 59.6% aided by cost efficiencies
  • Revenue declined 7% due to weaker demand in Code Camp
  • Organisational restructure cut 7 FTEs, saving $1.23 million annually
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