Kip McGrath (ASX:KME) Exits U.S. Operations, Guides Lower FY25 Revenue, Higher EBITDA

Tue 24 Jun 25, 06:44 AM | Team Kalkine

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Highlights:

Kip McGrath Education Centres Limited (ASX:KME) provides supplementary education services primarily in English and mathematics for primary and secondary school students. It operates via a network of franchised and company-owned centres across Australia and internationally.

The company has issued an unaudited trading update for FY25 and announced its decision to discontinue operations in the United States, following continued financial underperformance in that market. The company will cease funding its U.S. entities and will shut down both the Tutorfly business and the Frisco tutoring centre, effective 27 June 2025.

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