Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 142

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 142
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 would have a material adverse effect on KI Europe’s operating results.

Asia Pacific.  In the Asia Pacific region, Kaplan operates businesses primarily in Singapore, Australia, New Zealand and the People’s Republic of China, including the Hong Kong Special Administrative Region (Hong Kong).

2

Singapore.  In Singapore, Kaplan operates two businesses: Kaplan Higher Education and Kaplan Financial. During 2024, the Kaplan Higher Education and Kaplan Financial divisions served more than 5,900 students from Singapore and approximately 4,300 students from other countries throughout Asia and Western Europe. Kaplan Financial provided short courses to approximately 600 professionals, managers, executives and businesspeople in 2024.

Kaplan Singapore’s Higher Education business provides students with the opportunity to earn bachelor’s and postgraduate degrees in various fields on either a part-time or full-time basis. Kaplan Singapore’s students receive degrees from affiliated educational institutions in Australia, Ireland and the U.K. In addition, this division offers pre-university and diploma programs.

Kaplan Singapore’s Kaplan Financial business provides preparatory courses for professional qualifications in accountancy and finance, such as the Association of Chartered Certified Accountants (ACCA), Chartered Financial Analyst (CFA) and Singapore Chartered Accountant (SCA). 

Australia.  In Australia, Kaplan delivers a broad range of financial services programs from certificate level through master’s level, professional development offerings through Kaplan Professional, and higher education programs in business, accounting, business analytics, hospitality, and information technology through Kaplan Business School. In 2024, Kaplan Business School provided courses to approximately 10,800 students through face-to-face and online modalities. Kaplan Professional offered programs to approximately 25,000 students through online or distance-learning programs. In 2024, Kaplan Professional also had approximately 49,000 subscribers for Ontrack, its continuing professional development platform for financial services professionals.

The Kaplan Australia Pathways business is also part of KI Pathways. In 2024, it consisted of Murdoch College, the University of Newcastle College of International Education and the University of Adelaide College, and offered face-to-face pathways and foundational education to approximately 2,100 students wishing to enter the associated universities. In October 2024, Kaplan received regulatory approval to be the registered provider for pathways programs transitioning into the newly established Adelaide University (formed by the merger of the University of Adelaide and the University of South Australia).

At the end of 2024, Australia introduced an indicative Student Visa approval allocation for post-secondary education providers. A slow down in