IDP Education Ltd's stock soared 16.45% during intraday trading on Thursday, following the release of its first-half financial results and an upgraded full-year outlook.

The company reported H1 revenue of AUD 462.2 million, net income of AUD 22.7 million, and adjusted EBIT of AUD 87.5 million. In a significant move, management upgraded its fiscal year 2026 adjusted EBIT guidance to a range of AUD 120 million to AUD 130 million.

Investors also welcomed the announcement of an interim dividend of 3.00 Australian cents per share. The combination of solid first-half performance and a raised profit forecast for the full year provided a strong catalyst for the share price surge.