IODM's (ASX:IOD) revenue from its UK Education segment reached AU$289,000 in October, reflecting a 306% increase compared to the same period last year, according to a Thursday filing with the Australian bourse.

Five universities contributed AU$271,000 to the revenue, following a revised revenue-sharing agreement and the adoption of IODM's Connect platform, the filing said.

Four new universities added in the first half of fiscal 2025 contributed AU$18,000. All nine universities are expected to fully contribute from November to the company's monthly UK Education revenue.

IODM forecasts cash receipts of AU$670,000 for the December quarter, a 38% increase from last year, and expects the UK Education segment to report AU$490,000, up 110% from last year, the filing added.

The company also expects unaudited revenue of AU$1.2 million for the first half of the fiscal year, up about 38% from last year and its UK Education segment to report AU$780,000, up 77% from last year.

IODM's shares fell almost 9% in recent Friday trade.