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BUZZ-Australia's IDP Education surges to 1-1/2-month high as revenue grows

Reuters
2025/12/18
BUZZ-Australia's IDP Education surges to 1-1/2-month high as revenue grows

** Shares of Australia's IDP Education IEL.AX climb as much as 2.7% to A$5.72, their highest point since November 3

** The education services firm said its voluntary change in revenue recognition accounting policy was recognised across all jurisdictions

** IDP Education sees an increase in FY25 revenue and net profit after tax of A$9.2 million ($6.07 million) and A$5.2 million, respectively

** IEL down 55.2% YTD

($1 = 1.5147 Australian dollars)

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))

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