Kip McGrath Education Centres Limited
AASX:KME0.69
AUD
+0.00
(-0.72%)
ISIN
AU000000KME9
Return %
Stock
S&P 500
1Y
16.95
14.20
3Y
31.43
81.12
5Y
-30.30
68.34
Capital Structure
AUD
•
in mil. unless spec.Working Capital
AUD
•
in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
•
in mil. unless spec.Semi-annual Earnings Per Share
AUD
•
in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- Melinda Smith
- Full Time Employees
- 25
- Sector
- Consumer services
- Industry
- Other consumer services
- Address
- Suite 2.02 Sydney NSW Australia 2000
- IPO Date
- Jul 14, 2003
- Website
- kipmcgrath.com.au
- Similar Companies
- Business
- Kip McGrath Education Centres Limited Kip McGrath Education Centres Limited (ASX:KME) operates as a franchisor and provider of after-school tutoring services focused on English and mathematics for primary and secondary students aged 4 to 18; its core offerings include personalized, small-group in-centre and online tutoring programs in reading, spelling, comprehension, and numeracy via the proprietary KipLearn learning management system, blended learning solutions combining face-to-face and virtual lessons, study skills support for tertiary students, and value-added AI-enhanced products such as automated lesson notes, AI-generated curriculum, on-demand AI tutors, holiday lessons, and daily homework modules; the company also sells and services franchise networks, master territories, and direct-to-school programs while operating corporate-owned centres. Founded in 1976 and headquartered in Sydney, New South Wales, Australia, Kip McGrath Education Centres Limited maintains a global footprint with approximately 475 centres across Australasia (primarily Australia and New Zealand), the United Kingdom, the Middle East (including Abu Dhabi), South Africa, and other overseas markets; it serves parents, schools, and students through a network of 416 franchised locations (357 Gold Partners at 20% franchise fee and 93 Silver Partners) and 37-39 corporate centres, delivering over 1.9 million lessons annually with a focus on remedial, extension, and special needs programs supported by qualified teachers and individualized learning plans. In recent developments, the company discontinued its uneconomic US Tutorfly operations in June 2025 following post-election funding challenges, recording a $7.6 million loss from discontinued activities; it achieved 8.9% revenue growth from continuing operations to $31.4 million and 13.4% EBITDA growth to $7.8 million for FY25 ended June 2025, driven by 11% franchise revenue expansion (UK up 16%, APAC up 9.5%) and 4.4% corporate centre growth with two new UK acquisitions; strategic initiatives include shifting to higher-fee Gold Partner contracts (now 346+), AI integrations with Microsoft for US-inspired enhancements, rollout of 48-52 week tutoring packages, operational restructuring in APAC for cost savings, a share buyback authorized in August 2025, leadership changes with Storm McGrath retiring as CEO in May 2025, Damian Banks appointed Executive Chairman, Lynne Lewis joining as Non-Executive Director in November 2024, and Diane Pass retiring, alongside plans for a new CEO in 1HFY26 and modest corporate centre expansion targeting 15% growth.