IELTS-owner IDP Education flags lower annual profit on student visa troubles; shares crash (Reuters) - Australia’s IDP Education forecast a drop in annual profit on Tuesday, triggering a 48% plunge in its shares as tighter student visa rules hit demand at the firm that jointly owns the IELTS English language exam with the British Council and Cambridge University Press & Assessment. The company forecast fiscal 2025 adjusted operating earnings of A$115–A$125 million, nearly halved from last year and below a consensus estimate of A$166.3 million according to E&P Capital analysts. IDP’s stock slumped as much as 48.3% by 0411 GMT, marking its biggest intraday decline ever. It was last down 45% at A$4.11, trading at near eight-year lows and the worst performer on the benchmark S&P ASX200 index. The company, which also provides placement services to students looking for admissions at foreign institutes, said student policies remained restrictive in Canada and Australia after their elections, while the UK’s recent immigration policy white paper signaled further restrictions to student immigration. For the United States, the international student environment is "increasingly negative", the company said in a statement. President Donald Trump’s administration is seeking to ramp up deportations and revoke student visas as part of his hardline immigration agenda. "While elections have now been held in all key destination markets, policy uncertainty and negative rhetoric continues, while economic uncertainty increased," the company said. IDP expects its student placement volumes to fall by 28% to 30% and language testing volumes to decrease 18% to 20% over last year. "Whilst fee growth will partly offset volume declines, we had expected a better performance than overall market declines given IDP’s focus on genuine student flows," analysts at Sandstone Insights said in a note. ($1 = 1.5461 Australian dollars)

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Idp Education shares slump on warning of shrinking international student market Investing.com-- Shares of Idp education fell sharply on Tuesday after the company warned that its key destination markets– such as the UK, Australia, Canada, and the U.S.-- were seeing substantially lower demand due to uncertainty over immigration policies. Idp Education Ltd (ASX:IEL) slumped nearly 40% to A$4.56, vastly lagging a 0.7% rise in the ASX 200 index. The company– which offers application and placement services to international students– said its student placement volumes are expected to fall by 28% to 30% in fiscal 2025, while its language testing volumes are expected to fall between 18% and 20% from 2024. The impact on its revenue will be somewhat mitigated by strong average fee growth, the company said. Idp’s top destination markets, ie, the locations most preferred by international students, have all introduced or are planning to introduce restrictions on immigration. The UK introduced a white paper on restricting student immigration, while Australia and Canada both announced recent curbs on immigrants. The U.S. has been the most blatant in its anti-immigration policies, with President Donald Trump cracking down heavily on illegal immigrants while also blocking international students from applying for several U.S. colleges. Idp said that it now estimates adjusted earnings before interest and tax for 2025 to be in the range of A$115 million to A$125 million ($74 million to $82 million), down sharply from the A$239.4 million EBIT seen in fiscal 2024. The company said it had engaged in increased cost control measures over the past six months. Still, the company said that government measures against immigrations were temporary, and that it was confident in its long-term prospects, citing the social importance of international education and immigration.

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