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IDP Education’s AI and cost cuts keep FY27 earnings target alive
9:25am on Tuesday 27th of October, 2026 AEDT
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Education services
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IDP Education’s AI and cost cuts keep FY27 earnings target alive
9:25am on Tuesday 27th of October, 2026 AEDT
Key Points
FY26 revenue of A$795 million and Adjusted EBIT of A$122.9 million
Student Placement volumes fell 27%, while IELTS volumes declined 8%
A$32 million net cost reduction exceeded the A$25 million target
Net leverage fell to 1.0x and approximately A$11 million of the buyback was executed
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Idp Education (ASX:IEL)
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