TOP (Top Education Group Ltd.) reported results for the six months (H1) ended 31 December 2025, with revenue of AUD 17.1 million (+6.5%). Gross profit was AUD 7.4 million (+11.8%), and profit for the period was AUD 1.7 million (+12.4%). Profit attributable to owners was AUD 1.8 million, with basic and diluted earnings per share of 0.082 AUD cents and 0.078 AUD cents, respectively. Cash and cash equivalents were AUD 50.3 million at 31 December 2025, and the group reported no bank borrowings and a gearing ratio of 0%. During the period, TOP secured TEQSA re-registration for seven years with no conditions (approved November 2025) and increased its CRICOS-approved student capacity to 3,000. The group said its ELICOS subsidiary SCOTS faced a challenging regulatory and policy environment affecting student commencements and enrolments, and it is diversifying recruitment channels and program mix. TOP also cited ongoing course development with submissions planned to TEQSA in 2026 where required, and noted the Master of Business Research recommenced in July 2025 across Sydney, Perth and Hobart. The board did not declare an interim dividend for H1 ended 31 December 2025.

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