Australia · Delayed Price · Currency is AUD 3P Learning Earnings Call Transcripts
Fiscal Year 2026
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Revenue rose to AUD 112.9 million, with EBITDA up 26% and net cash at AUD 15.7 million. B2B revenue declined due to APAC churn, but cost control and DGTO income supported profitability. The company paid its first dividend in 11 years and expects stronger growth in FY 2027.
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EBITDA fell 16% and revenue declined 2% year-over-year, with B2B churn and US market challenges offset by resilient B2C growth, especially in the US homeschool segment. Net cash improved, and FY2026 guidance anticipates revenue of $105–$107 million and EBITDA of $13–$15 million.
Fiscal Year 2025
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Underlying EBITDA rose 30% to $15.5M, with net cash up $6.5M to $11.6M. Revenue dipped 1% to $109.1M due to lower U.S. school retention, but new product launches and acquisitions drove margin improvements. Focus shifts to expanding Three Essentials and U.S. growth.
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Profitability and cash flow improved significantly despite a 2% revenue decline, driven by cost reductions and a shift from heavy product investment to operational efficiency. Early adoption of the Three Essentials model and the LiteracyPlanet acquisition position the business for future growth.
Fiscal Year 2024
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Revenue grew 2% to AUD 110 million, with B2C up 6% and B2B flat; EBITDA was AUD 12 million, below guidance due to school market challenges and higher churn. Major product launches and U.S. distribution rights acquisition position the company for future growth, with cost savings and new sales strategies expected to drive improvement in FY25.