Laureate Education(US:LAUR)2025-10-30 11:12Revenue Performance - Revenue for Q3 2025 increased by 9% to $400.2 million compared to Q3 2024, with organic constant currency revenue growth of 4%[5] - Revenue for the nine months ended September 30, 2025, was $1,160.5 million, reflecting a 2% increase, while organic constant currency revenue grew by 6%[10] - Revenue for fiscal 2025 is projected to be between $1,681 million and $1,686 million, indicating a growth of 7%-8% on an as-reported basis[18] - Total revenues for Q3 2025 reached $400.2 million, a 9% increase from $368.6 million in Q3 2024[31] Net Income and Adjusted EBITDA - Net income for Q3 2025 was $34.4 million, a decrease from $85.3 million in Q3 2024, primarily due to foreign currency exchange losses and a prior year tax benefit of $37.9 million[7] - Adjusted EBITDA for Q3 2025 was $94.8 million, up from $91.4 million in Q3 2024, despite being negatively impacted by intra-year academic calendar timing[8] - Adjusted EBITDA for fiscal 2025 is expected to be in the range of $508 million to $512 million, reflecting a growth of 13%-14% on an as-reported basis[18] - Adjusted EBITDA for the nine months ended September 30, 2025, was $314.7 million, a 2% increase from $308.9 million in the same period of 2024[33] Enrollment Statistics - Total enrollments for the nine months ended September 30, 2025, increased by 6%, with new enrollments up by 7% compared to the same period in 2024[9] - For fiscal 2025, total enrollments are expected to reach approximately 494,000 students, representing a growth of 5% compared to 2024[18] - New enrollments in Mexico increased by 4% year-over-year, totaling 158,000 in YTD Q3 2025, while Peru saw a 13% increase to 100,800[29] - Total enrollments as of September 30, 2025, reached 511,400, a 6% increase from 483,300 in the previous year[29] Cash and Assets - As of September 30, 2025, the company had $241.0 million in cash and cash equivalents, with net cash of $138.6 million after accounting for gross debt of $102.4 million[12] - Cash and cash equivalents increased significantly to $241.0 million as of September 30, 2025, up from $91.4 million at the end of 2024[34] - Total assets grew to $2,116.6 million, an increase of $254.5 million from $1,862.1 million at the end of 2024[34] - Cash flows from operating activities for the nine months ended September 30, 2025, were $272.8 million, an increase of 42.1% from $192.0 million in 2024[35] Debt and Financing Activities - The total long-term debt remained stable at $101.0 million as of September 30, 2025, compared to $100.3 million at the end of 2024[34] - Net cash used in financing activities decreased to $96.9 million, a reduction of 13.5% compared to $111.7 million in 2024[35] - The company announced a $150 million increase in its stock repurchase authorization, raising the total to $250 million[15] Foreign Currency Impact - The company reported a foreign currency exchange gain of $31.1 million for the nine months ended September 30, 2025, compared to a loss of $36.4 million in 2024[40] - The company experienced a significant unrealized foreign currency exchange loss of $30.9 million in the nine months ended September 30, 2025, compared to a gain of $38.6 million in 2024[35] Share Information - The diluted weighted average shares outstanding decreased to 149.2 million in 2025 from 154.7 million in 2024[40]