G8 Education Limited · ASX:GEM
G8 Education — Investor Presentation (February 2026)
33 slides from G8 Education's investor presentation, Feb 23, 2026
Slide 1: ASX Announcement
ASX Announcement G8 Education Limited (ASX:GEM) 23 February 2026 The Manager Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 Dear Sir / Madam I enclose the Investor Presentation for the full year ended 31 December 2025 for G8 Education Limited. Yours faithfully Josie King Co
Slide 2: 2025 Full Year Results Presentation
G8 EDUCATION LIMITED 2025 Full Year Results Presentation UPDATE IMAGE 23 February 2026 G8 Education | 2025 Full Year Results 1
Slide 3: Disclaimer & Non-IFRS Information
DISCLAIMER & NON-IFRS INFORMATION The material in this presentation has been prepared by G8 Education Limited (G8)(ASX:GEM) and is general background information about G8’s activities current as at the date of this presentation. The presentation does not purport to be complete and should be read in
Slide 4: G8 Education | 2025 Full Year Results
G8 Education | 2025 Full Year Results 3
Slide 5: Agenda
AGENDA SUMMARY AND PROGRESS Pejman Okhovat FINANCIAL PERFORMANCE Steven Becker CURRENT TRADING AND OUTLOOK Pejman Okhovat QUESTIONS Pejman Okhovat and Steven Becker APPENDIX G8 Education | 2025 Full Year Results | 4
Slide 6: Summary and Progress
SUMMARY AND PROGRESS G8 Education | 2025 Full Year Results | 5
Slide 7: Everything in our world starts with children
EVERYTHING IN OUR WORLD STARTS WITH CHILDREN We are driven by our purpose in “To nurture the greatness in every child to grow, thrive and learn” G8 Education | 2025 Full Year Results | 6
Slide 8: Key Messages
KEY MESSAGES Strong operational execution and safety focus underpin resilience in a challenging market POSITIVE BALANCED SCORECARD MOMENTUM SAFETY, REGULATORY AND COMPLIANCE PRUDENT CAPITAL MANAGEMENT • Performance across the controllable balanced-scorecard • Unwavering commitment to continuously •
Slide 9: Financial Overview
FINANCIAL OVERVIEW Earnings impacted by softer occupancy OPERATING REPORTED GROUP OCCUPANCY Excludes non-trading1 items and includes lease interest expense Statutory All references to occupancy include all centres Revenue % change vs pcp Revenue % change vs pcp Occupancy $946.9m 7.0% $948.2m 7.2% 65
Slide 10: Environmental, Social and Governance Highlights
ENVIRONMENTAL, SOCIAL AND GOVERNANCE HIGHLIGHTS Delivering long term value through disciplined governance, service quality, workforce stability and environmental commitments Established Safety Committee Network Quality Strong Career Pathways Emissions Dedicated Board Committee 95% of centres are “me
Slide 11: Balanced Scorecard
BALANCED SCORECARD Strong results in controllable strategic focus areas with occupancy and margin being impacted by market conditions and sector confidence Strategic focus area Measure CY25 (Actual) Progress CY24 to CY25 Team Team Team retention 79% 2% pts Family NPS 53 3 pts Experience % of centres
Slide 12: Team
TEAM Solid employer brand supporting attraction, higher retention and a robust internal talent pipeline ATTRACTING TEAM RETAINING TEAM GROWING OUR OWN TALENT • Strengthened employer brand through targeted • Embedded culture and values delivering stronger • Strong internal career pathways and success
Slide 13: Family Experience
FAMILY EXPERIENCE Improved family sentiment driven by trust, quality education and safety, despite affordability pressures and sector confidence NPS FREQUENCY1 FAMILIES – NEW AND EXISTING • NPS reached its highest level since the launch of • Affordability has impacted the ability for families to • E
Slide 14: Quality, Education and Inclusion
QUALITY, EDUCATION AND INCLUSION Outperforming the sector with 95% of centres meeting or exceeding NQS QUALITY EDUCATION INCLUSION • 95% Meeting or Exceeding across the G8 network • Teacher retention improved 6%pts vs pcp • Inclusion support plan templates implemented to which is 4% pts above the se
Slide 15: Occupancy Performance
OCCUPANCY PERFORMANCE Economic headwinds have softened enquiry levels, impacting occupancy OCCUPANCY Group Occupancy 2024 2025 • Occupancy for CY25 was 65.8%, 4.9% pts below CY24 80% • Western Australia and Victoria experienced the most significant occupancy pressures with impacts of softening deman
Slide 16: Operating Model
OPERATING MODEL Disciplined execution and focused initiatives to strengthen core operations OPERATING MODEL IMPROVEMENTS Safety • Our Safety Leader Program has been embedded across the network, underpinned by consistent meeting and training rhythms that strengthen safety leadership and ensure centre
Slide 17: Financial Sustainability
FINANCIAL SUSTAINABILITY Disciplined capital and cost management underpinning a strong balance sheet without compromising safety and compliance CAPITAL ALLOCATION COST MANAGEMENT NETWORK OPTIMISATION • Operating cash flow continued to be strong, • Cost base remained well controlled, supported by • C
Slide 18: Financial Performance
FINANCIAL PERFORMANCE G8 Education | 2025 Full Year Results | 17
Slide 19: Group Performance
GROUP PERFORMANCE Group performance impacted by softer occupancy, partially offset by disciplined cost management Operating and statutory NPAT was impacted in challenging market conditions: $m CY25 CY24 Change • Revenue was lower vs pcp as a result of occupancy shortfall vs pcp Group operating reven
Slide 20: Centre Performance
CENTRE PERFORMANCE Consistent centre execution delivering resilient margins despite occupancy pressure • Centre performance was impacted primarily by the occupancy shortfall vs Centre performance pcp. $m CY25 CY24 Change • Employment costs have decreased vs pcp, driven by lower booking volumes Group
Slide 21: Current Trading and Outlook
CURRENT TRADING AND OUTLOOK UPDATE IMAGE G8 Education | 2025 Full Year Results | 20
Slide 22: Child Safety and Protection
CHILD SAFETY AND PROTECTION Safety, first and always • At G8 Education, we remain committed to upholding the highest standards of governance and social responsibility. • A key strategic priority for 2026 is to continue to raise the bar on safety and compliance. • We are working alongside all governm
Slide 23: Current Trading Update
CURRENT TRADING UPDATE Soft occupancy amid headwinds, disciplined capital response TRADING UPDATE • Group ‘spot’ occupancy 54.4%, 7.5% pts lower than pcp and 57.2% YTD 7.8% pts lower than pcp • A challenging operating environment has impacted occupancy in 2025 driven by: • Ongoing affordability chal
Slide 24: Outlook
OUTLOOK Focusing on improving our controllables, whilst prudently adapting to a new operating environment despite ongoing macro headwinds Near-term operating conditions remain challenging, with ongoing cost-of-living pressures and no material relief from inflation or interest rates. Factors continui
Slide 25: Outlook (Continued)
OUTLOOK (CONTINUED) Given this backdrop to macro factors and conditions, we are actively adjusting to operate effectively in this new normal. We remain focused on strong execution and continue to further strengthen our core operations with initiatives focused on key safety and occupancy drivers. • S
Slide 26: Questions
QUESTIONS G8 Education | 2025 Full Year Results | 25
Slide 27: Appendix
APPENDIX UPDATE IMAGE G8 Education | 2025 Full Year Results | 26
Slide 28: Financial Statements
FINANCIAL STATEMENTS Consolidated Income Statement Total centres and centre team members $m CY25 CY24 % change Continuing operations Revenue 946.8 1,015.3 (6.7%) Other income 1.3 6.5 (80.0%) Total 948.2 1,021.8 (7.2%) Expenses Employment costs (578.5) (621.2) (6.9%) Property, utilities and maintenan
Slide 29: Financial Statements
FINANCIAL STATEMENTS Balance Sheet Gearing ratio $m 31 December 2025 31 December 2024 $m 31 December 2025 31 December 2024 ASSETS Current assets Non-current borrowings 155.0 114.0 Cash and cash equivalents 38.1 47.7 Cash and cash equivalents 38.1 47.7 Trade and other receivables 11.9 20.7 Government
Slide 30: Cash Flow and Cash Flow Allocation
CASH FLOW CASH FLOW ALLOCATION Cash flow Operating cash flow Strong cash $103.8m conversion1 $m CY25 CY24 % change Buy- 114% Cash flows from operating activities backs Receipts from customers (inclusive of GST) 957.1 1,021.7 (6.3%) Capital related outflows Dividend payment Payments to suppliers and
Slide 31: Demand Growth Drivers
DEMAND GROWTH DRIVERS Female participation declining in CY25 Childcare participation Net supply growth slowly declining % 64.0 850,000 845,980 4.5% 63.0 845,000 839,140 4.0% 62.0 840,000 836,260 3.5% 3.9% 3.7% 61.0 835,000 3.5% 3.6% 3.6% 3.5% 3.5% 3.0% 3.3% 3.3% 3.2% 60.0 830,000 825,850 3.0% 59.0 2
Slide 32: Macro Dynamic Influencing Affordability
MACRO DYNAMIC INFLUENCING AFFORDABILITY CPI trending higher from CY25 H1 Cash rate increasing Unemployment remains low 5.0% 7% 8.0% 4.5% 6% 7.0% 4.0% 3.5% 5% 6.0% 3.0% 4% 5.0% 2.5% 4.0% 3% 2.0% 3.0% 1.5% 2% 2.0% 1.0% 1.0% 1% 0.5% 0.0% 0.0% 0% Feb-23 Jul-23 Jul-24 Jul-25 Aug-23 Jan-24 Feb-24 Aug-24 J
Slide 33: Government Reforms
GOVERNMENT REFORMS Government remains committed to establishing a universal early learning and care system and to strengthening child safety Building a universal, affordable ECEC system Strengthening child safety 1. Three-day guarantee 1. Enacted changes • From January 2026, all children will be ent