NSW uni’s annual reports show Go8 profits

“Annual reports of NSW universities tabled in parliament last week revealed revenue growth for some and losses for others. UNSW increased its revenue by more than $400 million, which it attributed to last year’s strong student intake numbers. This contributed to the underlying result coming in at $365.4 million. Employee costs were up by more than $100 million, although overall senor executive salaries were down, for a total of $8.8 million. The University of Sydney revenue was slightly up but ballooning operating costs, which were almost 11 per cent higher than last year, reduced the final operating result to $194.1 million, down from last year’s surplus of $543.3 million. The increase in revenue was attributed to international student fees, which came in at $153.7 million, up 7.4 per cent on last year with overall student fee income increasing seven per cent in the last five years. Although the Go8 universities were in the black, other NSW universities didn’t fare as well with the University of Technology Sydney reporting a shortfall of $54 million, and Western Sydney University reported one of $133 million. Charles Sturt University and the University of New England were also in the red. The University of Wollongong, Western Sydney University, Charles Sturt University, and the University of New England also returned deficits. Western Sydney University was the most in the red, with a loss of $133 million last year, up from a $42 million loss in 2024. Other universities posting positive numbers were Macquarie University with a $42 million surplus (as reported in the Australian Financial Review ), the University of Newcastle at $112m, and Southern Cross University with $15.2 million.

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