It’s 2022 underlying operating surplus was $298m – “significantly down” on 2021

The university’s headline operating result for ’21 was $1.04bn, but that included a bunch of one-offs, land sales, pandemic-emergency Commonwealth research funding, booming investments.

On management’s preferred measure, the university’s underlying margin, last year’s $381m compared to $453m in ’21.

This is not too terrible, compared to Uni Melbourne’s operating deficit of $104m last year.

Looking towards this year’s result, Uni Sydney states, domestic UG enrolments for first semester are similar to ’22, while PGs are down 19 pr cent, “following a surge during the pandemic.” International UGs are on target with PGs 10 per cent up.

Uni Sydney is the first NSW institution to release their headline financials, ahead of all annual reports being tabled in state parliament.