Slide 1: FY26 Results Summary
For personal use only FY26 Results Summary 19 August 2026 | ASX: NXD 1
Slide 2: Contents
NextEd Contents Group For personal use only 01 Highlights 3 02 Operating Performance 5 03 Financial Performance 8 04 Appendices 16 3 2
Slide 3: FY26 – Resilient Result. Strong Platform. Well Positioned
FY26 – Resilient Result. Strong Platform. Well Positioned Delivered against an international education market that contracted ~22% over the period 1 Revenue Underlying EBITDA² EBITDA Margin Cash Operating Cashflow For personal use only $88.9m $15.3m 17.2% $18.2m $10.9m ▼ (6.7%) ($6.4m) ▲ 7.0% $1.0m
Slide 4: FY26 EBITDA exceeds FY24 on lower revenue
FY26 EBITDA exceeds FY24 on lower revenue $M For personal use only 120 55.4% Leaner cost base positions the Group to efficiently 53.6% -20% convert future revenue growth into EBITDA 100 51.4% 80 ▪ Underlying EBITDA increased to $15.3m from $15.0m 60 ▪ Operating costs cut ~20% on a structural cost re
Slide 5: International Education: Growing vocational share as the mix shifts
International Education: Growing vocational share as the mix shifts For personal use only Market Share1 350 12.5% 11.3% 12.0% 300 46.5k ▪ VET market share grew to 2.5%, nearly doubling over 10.0% 250 46.5k two years 32.9k 8.0% 200 6.0% ▪ Visa approval rates3: 24% above industry average 150 2 260.5k
Slide 6: International Education: The shift is lifting the quality of our earnings
International Education: The shift is lifting the quality of our earnings For personal use only International Student Mix by Course at Period End2 LTV1 per Student (#039;000) 2.5% 46.5k 8.8% 14.7% +10.3% p.a. 15.1% 19.0% 32.9k 22.2% 28.9% 41.8% $9.1k 39.6% $7.9k Health and Care $7.4k 53.6% Hospitality
Slide 7: Portfolio overview
Portfolio overview For personal use only Go Study Australia delivered a standout result: revenue up 3.1% EBITDA up 35.6% to $0.7m, on continued recruitment strength in key European and LATAM markets Technology & Design (AIT) returned to profitability EBITDA of $2.5m (FY25: loss of $0.3m) on a restru
Slide 8: Financial Performance
For personal use only Financial Performance 8
Slide 9: Financial Performance
Financial Performance $ '000 30 June 2026 30 June 2025 Variance $ Variance % Profitability improved through For personal use only Revenue 88,883 95,305 (6,422) (6.7%) diversification & structural cost efficiencies Cost of sales¹ (39,637) (44,230) 4,593 10.4% ▪ Group revenue declined 6.7% to $88.9m;
Slide 10: Business Unit Performance
Business Unit Performance $ '000 30 June 2026 30 June 2025 Variance $ Variance % FY26 underlying EBITDA contribution by Segment ($M) International 67,834 70,970 (3,136) (4.4%) For personal use only 20.0 Technology and design 8,326 9,599 (1,273) (13.3%) 0.7 0.5 Domestic vocational 6,440 8,647 (2,207)
Slide 11: International Business Revenue Mix FY24 to FY26
International Business Revenue Mix FY24 to FY26 For personal use only International Revenue Composition ($M) and Gross Margin % Improved revenue mix delivering gross margin expansion -20% 90.0 84.6 48% 0.6 ▪ International revenue down 20% vs FY24 80.0 6.3 47% 47% 71.0 70.0 11.6 67.8 46% 4.0 ▪ Gross
Slide 12: Cost Management FY24 to FY26
Cost Management FY24 to FY26 For personal use only Operating Costs – Including Leases ($M) Lean operating platform built; further property -5.9 savings targeted 53.9 -3.2 48.0 ▪ Operating costs (including leases) reduced $9.1m since FY24 10.8 44.8 10.1 ▪ FY26 costs down by $3.2m to $44.8m from FY25
Slide 13: Balance Sheet
Balance Sheet $ '000 30 June 2026 30 June 2025 Variance $ Variance % Cash 18,229 18,895 (666) (3.5%) For personal use only Cash reserves remain stable Other current assets 24,103 26,411 (2,308) (8.7%) Current assets 42,332 45,306 (2,974) (6.6%) ▪ Cash reserves of $18.2m, down $0.7m yoy Right of use
Slide 14: Cashflow
Cashflow $ '000 30 June 2026 30 June 2025 Variance $ Variance % Operating cash generation maintained For personal use only Receipts from customers 85,637 91,143 (5,506) (6.0%) Payments to suppliers and employees (75,310) (80,379) 5,069 6.3% ▪ Operating cash flow of $10.9m, down 3.4% despite lower re
Slide 15: NextEd Group
For personal use only NextEd Group 19 Lisa Jones Andrew Nye Level 2, 7 Kelly Street Company Secretary Chief Financial & Operating Officer Ultimo NSW 2007 lisa.jones@nexted.com.au andrew.nye@nexted.com.au nexted.com.au
Slide 16: Appendices
For personal use only Appendices ▪ AASB 16 Reconciliation ▪ Non-IFRS Information ▪ Segment Comparatives 20
Slide 17: AASB Reconciliation
AASB 16 Reconciliation AASB 16 AASB 16 Post AASB 16 Post AASB 16 Pre AASB 16 Pre AASB 16 For personal use only 30 June 2026 30 June 2026 30 June 2025 30 June 2025 $ '000 Impact FY26 Impact FY25 Variance Variance Variance Variance Post AASB 16 Pre AASB 16 Post AASB 16 Pre AASB 16 $ $ $ % $ % Revenue
Slide 18: Non-IFRS Information
Non-IFRS Information For personal use only 30 June 30 June Significant Items $ '000 2026 2025 Net profit / (loss) after tax (12,023) (14,572) ▪ Impairment of goodwill intangible assets attributed to the International segment ($13m) Add back: Income tax benefit 910 601 ▪ Write-off of leasehold improv
Slide 19: Segment Comparatives
Segment Comparatives Restated 30 June 30 June For personal use only 2025 2025 Restated Previously Variance Variance $ '000 Reporting Reported $ % ▪ Revenue comparatives adjusted by $0.6 million to reflect the Group’s revenue International 70,970 70,970 - - recognition policy on revenue earned from a
Slide 20: International
International Revenue and Underlying EBITDA ($M) Student Numbers at Period End1 7,811 7,053 6,773 6,668 687 6,457 For personal use only 488 168 6,092 1,483 797 1,021 429 952 1,846 1,325 1,465 1,957 1,433 3,262 67.8 71.0 2,078 2,701 2,554 4,719 3,627 2,260 2,379 15.7 16.1 1,705 1,518 Dec Jun Dec Jun
Slide 21: Technology and Design
Technology and Design Revenue and Underlying EBITDA ($M) Student Numbers at Period End For personal use only 9.6 638 8.3 577 580 528 516 447 2.5 FY26 FY25 (0.3) Dec Jun Dec Jun Dec Jun 2023 2024 2024 2025 2025 2026 Revenue Underlying EBITDA 4% 24% 45% Revenue Mix Revenue Mix International Revenue Mi
Slide 22: Domestic Vocational
Domestic Vocational Revenue and Underlying EBITDA ($M) Student Numbers at Period End For personal use only 613 8.6 564 6.4 460 366 376 385 0.5 1.5 FY26 FY25 Dec Jun Dec Jun Dec Jun Revenue Underlying EBITDA 2023 2024 2024 2025 2025 2026 2% 6% 14% Health and care 7% Revenue Mix ISCD Revenue Mix FY26
Slide 23: Go Study
Go Study 1.5% Revenue and Underlying EBITDA ($M) 1.0% 5.6% For personal use only Australia 7.2% Italy 10.3% Spain 6.3 Revenue 6.1 by Country Mexico 10.2% 64.3% France 0.7 0.5 Chile FY26 FY25 Hong Kong Revenue Underlying EBITDA 36% 37% Revenue Mix Onshore Revenue Mix FY26 Offshore FY25 64% 63% 27
Slide 24: Important Notice and Disclaimer
Important Notice and Disclaimer Summary Information reliance on forward looking statements. This Presentation contains summary information about NextEd Group Limited and its activities which is current only as at the date of this Presentation (unless specified otherwise). The material in this Presen