Nido Education (ASX:NDO) Turns Profitable in FY24, Announces Share Buy-Back.

Mon 24 Mar 25, 11:24 AM | Team Kalkine

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Highlights

Nido Education Limited (ASX: NDO) is an ASX-listed company that provides early childhood education and care services in Australia. In the 12 months ending 31 December 2024 (FY24), the company recorded a 74% YoY increase in annual revenue, reaching AUD 167 million, driven by an 8% rise in learning days during the second half of FY24.

In FY24, Nido’s occupancy rates reached an average of 78% for the year and a peak of 80%. EBITDA saw a remarkable turnaround in FY24, improving from negative AUD 15.4 million in FY23 to positive AUD 22 million in FY24, while net profit reached AUD 19.5 million, a significant recovery from the previous year’s loss of AUD 14.9 million. In a milestone move, Nido announced its maiden dividend of 5.8 cents per share (35% franked).

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