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A

Aspen Group APZ.AX · AUD

Real Estate · ASX · 🇦🇺 Australia

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4.99

-1.19%

Close of 9 Nov 2026, in AUD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in AUD, from our data supplier.

FY2026

Revenue

A$141.2m

FY2017FY2026

Net income

A$72.6m

FY2017FY2026

Free cash flow

A$43.1m

FY2017FY2026

Shareholders' equity

A$605.3m

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
RevenueA$141.2mA$108.1mA$91.1mA$65.7mA$46.7mA$35.5mA$30.4mA$29.2mA$21.7mA$15.1m
Research and development———A$1A$2A$1A$0A$0—A$0
Operating incomeA$47.5mA$38.0mA$26.9mA$21.0mA$11.4mA$8.4mA$6.6mA$2.9mA$2.2mA$1.0m
Net incomeA$72.6mA$57.0mA$48.4mA$54.4mA$75.4mA$25.4mA$11.9m−A$7.8mA$825,000A$409,000
Diluted earnings per share0.310.250.240.300.440.190.10-0.080.010.00

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assetsA$924.7mA$733.5mA$669.0mA$575.8mA$468.5mA$249.9mA$191.2mA$141.7mA$127.7mA$133.1m
Cash and short-term investmentsA$5.3mA$10.0mA$4.5mA$8.9mA$10.9mA$9.5mA$9.3mA$6.5mA$13.4mA$22.7m
Total liabilitiesA$323.3mA$187.8mA$235.3mA$214.7mA$191.5mA$97.4mA$57.2mA$33.0mA$13.0mA$9.5m
DebtA$223.0mA$131.0mA$199.9mA$171.7mA$154.4mA$83.2mA$46.0mA$25.6mA$5.8mA$410,000
Shareholders' equityA$605.3mA$549.5mA$437.5mA$365.0mA$280.9mA$156.4mA$137.9mA$128.9mA$134.7mA$143.5m
Shares outstanding232m231m203m182m171m133m116m96m96m102m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operationsA$45.7mA$22.9mA$30.9mA$14.1mA$76.4mA$12.7mA$11.2mA$3.8mA$5.1mA$4.6m
Capital spending−A$2.5m−A$1.5m−A$1.8m−A$2.3m−A$1.6m−A$1.1m−A$1.1m−A$27.0m−A$35.0m−A$22.6m
Free cash flowA$43.1mA$21.4mA$29.1mA$11.8mA$74.7mA$11.7mA$10.2m−A$23.2m−A$29.9m−A$17.9m
Dividends paid−A$23.8m−A$18.4m−A$15.3m−A$11.7m−A$8.4m−A$7.4m−A$5.3m−A$4.2m−A$4.7m−A$7.4m

Latest quarters

By quarter end

Jun 2026Dec 2025Jun 2025Dec 2024Jun 2024Dec 2023Jun 2023Mar 2023
RevenueA$71.2mA$70.0mA$58.0mA$50.1mA$49.0mA$42.4mA$33.9mA$17.0m
Operating incomeA$24.6mA$22.9mA$20.2mA$17.8mA$15.9mA$13.9mA$10.6mA$4.7m
Net incomeA$36.6mA$35.9mA$25.9mA$31.2mA$26.2mA$22.3mA$28.5mA$14.3m
Diluted earnings per share0.160.160.110.150.130.120.160.08
Cash from operationsA$24.0mA$20.0mA$11.0mA$7.0mA$16.0mA$6.0mA$5.0mA$5.0m
Capital spending−A$2.0m———−A$1.0m—−A$1.0m—
Free cash flowA$22.0m———A$15.0m—A$4.0m—
Total assetsA$924.7mA$859.1mA$733.5mA$681.3mA$669.0mA$594.6mA$575.8mA$553.2m
Cash and short-term investmentsA$5.3mA$8.1mA$10.0mA$44.1mA$4.5mA$5.0mA$8.9mA$8.9m
DebtA$64.0mA$210.3mA$131.0mA$177.2mA$199.9mA$190.3mA$171.7m—
Shareholders' equityA$605.3mA$575.3mA$549.5mA$461.2mA$437.5mA$382.8mA$365.0mA$365.0m

Financial ratios

Data as of 5 Nov 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2017
Operating margin72.9%33.7%78.5%32.0%24.5%72.7%———
Net margin51.4%52.8%53.2%82.8%161.5%71.5%———
Return on equity12.0%10.4%11.1%14.9%26.8%16.2%———
Return on assets7.8%7.8%7.2%9.4%16.1%10.2%———
Free cash flow yield4.1%2.1%3.2%1.8%9.0%2.0%———
Revenue growth30.6%18.7%38.8%40.7%31.4%17.0%———
Earnings growth27.2%17.8%-10.9%-27.8%196.9%113.9%———
Current ratio0.12x0.77x0.74x0.56x0.34x0.72x———
Debt to equity0.37x0.24x0.46x0.47x0.55x0.53x———
Equity ratio65.5%74.9%65.4%63.4%59.9%62.6%———
Interest coverage20.87x4.71x9.86x5.36x6.20x19.60x———
R&D as a share of sales———0.0%0.0%0.0%0.0%0.0%0.0%
Buybacks as a share of market value-0.5%-13.7%-11.5%-6.7%-28.2%-14.3%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue29.1%31.8%14.9%
Operating income31.3%41.5%32.0%
Net income10.1%23.4%22.5%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin34.3%32.9%31.4%27.3%
Net margin52.0%57.2%68.2%56.2%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings16.222.810.35.74.39.411.9-14.6114.4259.6
Price to sales8.312.05.54.77.06.74.63.94.37.0

Dividends and splits

Per share, in the currency the company pays

Paid for 23 years. Last went ex-dividend on 29 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.110.100.0850.0780.0660.0660.060.05
  • 10-to-1 reverse split · 25 Oct 2013
  • 5-to-1 reverse split · 29 Nov 2005
  • 5-to-2 reverse split · 13 Aug 2002

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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