IDP Education Applies to Voluntarily Change Revenue Recognition Policy

MT Newswires Live

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IDP Education (ASX:IEL) said it applied to voluntarily change its revenue recognition accounting policy for reporting financial statements in fiscal 2026, according to a Thursday filing with the Australian bourse.

The change will see the company's revenue being recognized at a later point in time for Australia and the UK compared with historical practice, the filing said.

It will align the timing of revenue recognition for the two countries with Canada, the US, Ireland and New Zealand, per the filing.

As a result, the company expects its fiscal 2025 revenue and net profit after tax to increase by AU$9.2 million and AU$5.2 million, respectively. It also expects its fiscal 2026 revenue and adjusted earnings before interest and taxes (EBIT) to reduce by about AU$2 million.

The company reaffirmed its fiscal 2026 adjusted EBIT guidance in the range of AU$115 million to AU$125 million.

Shares of the company rose 1% in recent Thursday trade.

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It also expects its fiscal 2026 revenue and adjusted earnings before interest and taxes (EBIT) to reduce by about AU$2 million.</p><p>The company reaffirmed its fiscal 2026 adjusted EBIT guidance in the range of AU$115 million to AU$125 million.</p><p>Shares of the company rose 1% in recent Thursday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EBIT","symbol_name":"Harbor AlphaEdge Small Cap Earners ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2592947453","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592947453","pubTimestamp":1766020228,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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