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.