It reports a 2022 operating result of $12m and an underlying outcome of $14m

The operating profit is down $186m on 2021 – for mostly the same reasons universities in eastern states have had less declines than free-falls in earnings.

Uni Adelaide reports falls in investment income, no one-off Commonwealth pandemic funding and the continuing effect of Covid caused enrolment falls.

“Forecasts indicate indicate that 2023 and future years will be challenging,” the university states.

They won’t be the only challenges – a decision to merge with Uni SA is expected at month end.