G8 Education Limited (ASX:GEM) Announces 2025 AGM Highlights
Financial Performance
G8 Education Limited reported a 14.8% increase in EBIT to $152.8 million and a Net Profit After Tax of $67.7 million for the year ended December 2024.
Operational and Strategic Highlights
The company served over 41,000 children weekly with support from more than 10,000 team members. Ninety-three percent of long day care centres met or exceeded National Quality Standards, surpassing the sector average by 2%. G8 Education launched 1Place Childcare and achieved significant milestones in sustainability, including the transition of 89% of its fleet to hybrid vehicles.
Employee Engagement
Employee engagement increased to 78%, and team retention rose to 77%, with vacancies reduced by over 50% compared to the sector average. The Study Pathways program saw over 2,300 team members pursue further education, and the new WonderLab learning platform was introduced to support team development.
Sustainability Initiatives
G8 Education continued its commitment to sustainability by expanding its solar panel rollout, renewing sustainability-linked loans, and advancing First Nations initiatives. The company became a member of Supply Nation, promoting economic empowerment for Aboriginal and Torres Strait Islander communities.
Executive Comments
CEO Pejman Okhovat stated, “Our solid financial performance in 2024 enables us to continue investing in our people, services, and future growth.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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