Core Viewpoint - IDP Education's forecast indicates a significant decline in demand for its services due to changes in international student visa policies, projecting a nearly 50% decrease in adjusted operating profit for FY2025 [1][2] Group 1: Financial Impact - IDP expects adjusted operating profit for FY2025 to be between AUD 115 million and AUD 125 million, a reduction of nearly half compared to the previous year [1] - Following the announcement, IDP's stock price plummeted, experiencing a 48.3% intraday drop, marking the largest intraday decline in the company's history [1] - The stock closed down 45% at AUD 4.11, nearing an 8-year low, and was the worst performer on the S&P ASX200 index for the day [1] Group 2: Market Conditions - The number of international students in IDP's four major markets is projected to decline by 28% year-on-year for the first three quarters of FY2025 [2] - The language testing business is expected to see a decline in performance by 18% to 20% due to increasing competition despite IELTS's historical dominance [2] - The company acknowledges ongoing policy uncertainty and increasing economic instability, yet expresses confidence in the long-term drivers of the industry and readiness to face future challenges [2] Group 3: Regulatory Environment - The current international student visa policies in Canada and Australia remain strict, while the UK has indicated further restrictions on student immigration [1] - The U.S. government is also intensifying deportation efforts and revoking student visas as part of a stringent immigration agenda, contributing to a less favorable environment for international students [1]