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IDP Education Launches AU$50 Million Buyback; Confirms Fiscal Year 2026 Earnings Outlook; Shares Advance 12%

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IDP Education (ASX:IEL) is launching an on-market share buyback program for up to AU$50 million, according to a Friday filing with the Australian bourse.

If the program reaches its limit over the course of fiscal year 2027, the company's net leverage ratios as of Dec. 31 and June 30, 2027, are expected to be broadly in line with fiscal 2026, per the filing.

Additionally, IDP Education confirmed its fiscal year 2026 adjusted earnings before interest and taxes guidance of about AU$122 million, and expects to have a net leverage ratio of around 1x at the end of June.

The company now forecasts a AU$30 million net reduction in its cost base in fiscal year 2026, above the previous AU$25 million target. It has also identified additional reductions for fiscal year 2027 that are expected to more than offset natural cost inflation.

IDP Education shares rose 12% in recent Friday trade.

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