G8 Education (ASX: GEM)

In a period marked by government initiatives aimed at making child care more affordable for families, nationwide operator G8 Education (ASX: GEM) has reported strong profit growth, benefiting from timely alignment between subsidy policies and the financial realities of child care services.  For the Half Year ended 30 June 2024, G8 Education, which operates over

After increasing fees following an uptick in childcare subsidies for parents and reducing wages, early childhood care provider G8 Education (ASX: GEM) ended CY23 on a high. The Company reported a 9.1% increase in revenue, reaching $983.4 million, alongside a 53.1% rise in Statutory NPAT to $56.1 million compared to CY22. This growth was primarily

With the largest workforce of early childhood educators in the country, G8 Education (ASX: GEM) has long struggled to manage their wage bill while delivering maximum profit for shareholders. That looks to have changed in 2023 though, with the Company divesting unprofitable centres and streamlining their workforce, in lieu of occupancy growth.  The Company announced

Early education provider G8 Education (ASX: GEM) has signed a conditional agreement to sell 31 centres to TAK Operations, part of the private national childcare provider Genius Education Group. What’s more, G8 will pay $26.5 million to Genius, comprising transaction costs and adjustments, with the funds to be allocated across its 31 centres. The 31

Mayfield Childcare (ASX: MFD) is set to recoup $1 million from its former CEO Dean Clarke after a settlement was reached between the early childhood operator and its former boss in relation to misappropriation of funds which promptly led to Clarke’s termination in 2022. The misappropriation of funds was first brought to public attention in

Australia’s childcare industry is thriving, with revenue expected to reach $17.2 billion by 2028-29, according to market researcher IBISWorld, driven by government support and extended attendance hours in 2023.

Childcare business magnate Chris Scott sits atop a pretty fortune with his numerous childcare investments over the years. He has been on the scene, kind of in an artful Willy Wonka fashion, inviting children and their parents into his massive empire, which has been taking advantage of the increased Child Care Subsidy by the Australian

Despite all the corporate cash grabs to profit from the Government’s Child Care Subsidy boost, there’s plenty of profit opportunity in the next age bracket up too with tutoring provider Kip McGrath (ASX: KME) issuing an earnings upgrade, primarily from rising demand for tuition services. Government-affiliated tutoring provider Kip McGrath forecasts a revenue boost, citing

As per the Australian Bureau of Statistics, in 2022, 80% of children enrolled in a preschool program were aged 4 years as compared to only 20% aged 5 years. Parents are adopting the “you’ve got to teach them young” policy, putting the focus on developing the early childhood care industry. That is probably why companies,

As a new CEO, there’s usually a lot on the line—it’s probably why you’re brought in in the first place. This was a time to prove his merit for early education and care provider G8 Education’s (ASX: GEM) CEO Pejman Okhovat. And so he did with a $40 million on-market buyback, wherein the Company repurchased

If childcare occupancy rate is an indicator that the pandemic has come to an end, then the recent announcement from G8 Education (ASX: GEM) indicates that we are one step closer. The childcare education provider reported a core occupancy rate of 77.3%, which is a 1% improvement from CY21. This brings the company closer to

Charging an average of $131 per day across their 448 childcare clinics, parents are voting with their feet away from centres run by early education company G8 Education (ASX: GEM) which has reported a 63% decline in profits for the Half Year.  For the six months ended 30 June 2022, G8 Education reported a 1.1%

In what has to be considered a remarkable result, childcare operator Mayfield Childcare (ASX: MFD) has delivered $3.5 million in net profits despite facing an existential shortage in labour and occupancy rates dropping all over the country as the pandemic toll continues to plague the industry.  For the six months ended 30 June 2022, Mayfield

A secret war is taking place across Australia’s childcare industry and despite their struggles on the battlefield, G8 Education (ASX: GEM) is doubling down by appointing a new CEO who once again, has zero experience in early childhood education.  Since the onset of COVID, the pandemic has wreaked havoc on Australia’s childcare industry through a

Early childhood education company Think Childcare (ASX: TNK) has added four news childcare centres to their network on the same day the operator has received a takeover offer at a notable premium on their share price. The takeover bid comes from private equity company Alceon Group at an indicative price price of 1.35 per share

In the same breath of air, Prime Minister Scott Morrison has stressed practices to prevent the community spread of COVID-19 whilst also encouraging parents to utilise a $1.3 billion stimulus package which will make childcare free. It’s clear that Mr Morrison has no idea how childcare centres function.  At a time when Australia faces an

The Australian childcare industry could be in line for a shakeup with large New Zealand operator Evolve Education (ASX: EVO) announcing their expansion into the Australian market, starting with the acquisition of four centres in Melbourne.  The acquisitions were funded from existing cash reserves with a total purchase price of A$11.8m and are expected to