3P Learning Ltd
ASX:3PL
3P Learning Ltd
3P Learning Ltd. engages in the development, sale and marketing of online educational programs. The company is headquartered in North Sydney, New South Wales. The company went IPO on 2014-07-09. The firm is engaged in development, sales and marketing of educational software and ebooks to schools and to parents of school-aged students, which is delivered through a software-as-a-service (SaaS) subscription model. The Company’s products include Mathletics, Reading Eggs and Mathseeds. Its Mathletics is the mathematics program that provides instant access to digital and physical activities for practice, fluency and thinking in one place. Its Mathseeds develops beginning numeracy skills with captivating activities covering number sense, addition, subtraction, and multiplication. Its Reading Eggs is packed with ebooks, activities and resources that open the world of reading to all students. The firm's solutions also included Spellodrome, which is built for Independent learning and the development of critical spelling awareness.
3P Learning Ltd. engages in the development, sale and marketing of online educational programs. The company is headquartered in North Sydney, New South Wales. The company went IPO on 2014-07-09. The firm is engaged in development, sales and marketing of educational software and ebooks to schools and to parents of school-aged students, which is delivered through a software-as-a-service (SaaS) subscription model. The Company’s products include Mathletics, Reading Eggs and Mathseeds. Its Mathletics is the mathematics program that provides instant access to digital and physical activities for practice, fluency and thinking in one place. Its Mathseeds develops beginning numeracy skills with captivating activities covering number sense, addition, subtraction, and multiplication. Its Reading Eggs is packed with ebooks, activities and resources that open the world of reading to all students. The firm's solutions also included Spellodrome, which is built for Independent learning and the development of critical spelling awareness.
Revenue: Total revenue declined by 2% to $51.9 million for the half, with B2B revenue falling 3% and B2C revenue rising 1%.
EBITDA: Underlying EBITDA was $5.7 million, down 16% from the previous period.
Cash Position: Net cash improved sharply to $7.5 million, up from $1.9 million in the prior period, and the company remains debt-free.
Profit: Statutory net profit after tax was $0.4 million, an improvement of $1.1 million over the prior period.
B2B Challenges: B2B churn exceeded new sales in all regions, especially in the US, leading to revenue pressure.
Cost Control: Expenses were steady at $43.5 million, aided by tight cost management.
Guidance: FY26 revenue is guided to $105–107 million, EBITDA to $13–15 million, and net cash to $16–18 million. Possible dividend being assessed.
