Why Is (ASX:EDU) Proposing Delisting After Record Results on the ASX 300 and All Ordinaries?

May 15, 2025 12:40 PM AEST | By Team Kalkine Media

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Why Is (ASX:EDU) Proposing Delisting After Record Results on the ASX 300 and All Ordinaries? — Image source: Shutterstock

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Highlights:

EDU Holdings Limited reported record FY24 revenue and earnings results.

The company announced plans to seek removal from the ASX official list.

Decision aligns with strategic review and evolving corporate structure.

EDU Holdings Limited (ASX:EDU) is an education services provider listed on the Australian Securities Exchange. The company operates within the ASX 300 and All Ordinaries indices and manages a network of private education institutions across Australia. The group focuses on delivering tertiary and vocational training through campuses and online platforms, catering to a diverse student base across disciplines.

FY24 Financial Performance Overview

The company reported record results for the financial year, with increased revenue and earnings across its operational divisions. These outcomes were attributed to student enrolment momentum and effective cost control measures. The tertiary and vocational education segments were highlighted for their contributions, supported by continued demand for accredited learning programs and digital delivery models.

Proposed Delisting from the ASX

Alongside the financial update, EDU Holdings announced that it has lodged a formal application to be removed from the ASX official list. The proposal was described as part of a broader review of capital market obligations and shareholder structure. The company intends to hold a shareholder meeting to seek approval, consistent with regulatory requirements and listing rules.

Operational Update and Strategic Focus

The group reiterated its operational direction, focusing on efficiency, student outcomes, and maintaining academic standards. EDU’s education model includes on-campus delivery, digital platforms, and sector-compliant curriculum design. The company reported progress in academic delivery and resource management, citing alignment with national standards and stakeholder engagement.

Stakeholder Engagement and Future Steps

Following the proposed delisting announcement, EDU Holdings outlined its intended approach to maintain stakeholder communication and compliance. Shareholder participation in the upcoming meeting will determine the next procedural steps. The company also confirmed its commitment to continuing educational services, regardless of listing status, and reaffirmed its organisational mission within the private education landscape.

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