IDP Education held its annual general meeting yesterday.  Shares slid 7.44% in response.  Here’s a PDF summary provided by IDP.  Most of the news is old news, previously shared in the annual report published a little while ago.

If you are curious, the precise number of IELTS tests delivered by IDP in FY2024 was 1,584,100, a decline of 18% compared to FY2023.  They report 3.98 million IELTS tests being taken in total.  That seems a bit high, but perhaps the British Council is doing better than I imagine.

Nothing is mentioned in the presentation file about IDP’s plans for direct testing in China, which I am really bullish on.  I think they represent a really fantastic opportunity for IDP and will make life easier for learners in China.  I’ll write more on that topic later, I suppose.

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