2234 GMT - IDP Education's announcement of a stricter accounting policy is welcomed by Macquarie analysts as a nice change from the negative updates they have come to expect from Australian companies in the days before Christmas. They tell clients in a note that the student-placement provider's revenue recognition changes mean that its revenues are now more closely aligned with cash flows. This materially reduces any concerns around the collectability of contract assets, the analysts write. They reiterate their neutral rating, with near-term volume and cash flow concerns preventing them from turning more positive. Target price remains at A$6.00. Shares are at A$5.69 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 18, 2025 17:34 ET (22:34 GMT)

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