IDP Education expects $122m in FY26 earnings, announces $50m share buy-back

The news: IDP Education has projected an adjusted earnings before interest and tax of approximately $122 million, following its $50 million share buy-back program.

The context: The international student placement educator stated that projected earnings will be supported by strong yield performance and cost reduction strategies. It added that efforts to improve capital discipline and cash conversion have resulted in a net leverage ratio of around 1.0x as of 30 June.

IDP is expecting a $30 million net cost base reduction in FY26, ahead of its previously announced $25 million target.

The company has also announced a $50 million on market share buy back of its issued capital. Should the buy back target be reached over FY27, its net leverage ratios at 31 December 2026 and 30 June 2027 are expected to remain broadly in line with FY26 levels.