Kip Mcgrath Education Centres Limited · ASX:KME
Kip Mcgrath Education Centres — H1 FY2026 Earnings Presentation
16 slides from Kip Mcgrath Education Centres's earnings presentation, Feb 26, 2026
Slide 1: Investor Update
Investor Update 26 February 2026 1
Slide 2: Disclaimer
This presentation has been prepared by Kip McGrath Education Centres Limited (Company). Statements in this presentation are made only as at 25 February 2026 and the information in this presentation remains subject to change without notice. The information in this presentation is of a general nature
Slide 3: About Kip McGrath
About Kip McGrath Kip McGrath is a global education provider and franchise network with 50 years of experience supporting student success. Founded in Australia in 1976 by educators Kip and Dug McGrath, the business was built on the belief that every child can succeed with the right support. Today, w
Slide 4: The Kip McGrath Foundations
The Kip McGrath Foundations Our mission Our vision Our values 4
Slide 5: H1 FY26 results from continuing operations
H1 FY26 results from continuing operations • Revenue $15.2m, +1.6% (+1.2% in constant currency) • Expenses $10.9m, +0.7% • EBITDA $4.3m, +3.9% • NPAT $1.5m, +15.4% • Basic EPS 2.71c, +16.1% • Dividend 1.0c per share (up from 0.5c per share in H1 FY25) 5
Slide 6: Revenue – franchise and corporate
Revenue – franchise and corporate • Franchise revenue grew at 2.9% with prices and franchise fee mix being partially offset by a reduction in lesson numbers • Corporate revenue flat to last year, with centre numbers, lesson numbers and prices all flat to the prior period 6
Slide 7: Revenue by region
Revenue by region • Group revenue $15.2m, +1.6% (+1.2% constant currency) • APAC revenue $8.1m, +0.7% • UK revenue $6.7m, +3.6% o Constant currency +2.6% • UK revenue has grown with price growth offsetting lower lesson numbers 7
Slide 8: Cash flow
Cash flow • Strong operating cash flow driven by solid EBITDA performance • Investing outflow mainly due to technology capex • Financing outflow consists of share buyback ($861k), lease payments ($683k) and FY25 final dividend ($285k) • Cash balances exclude restricted cash of $2.0m (June and Decemb
Slide 9: Centre numbers
Centre numbers • Centre numbers decreased from 469 at December 2024 and 453 at June 2025 to 437 at December 2025. • Gold centres consolidated from 328 to 321 in H1 FY26. • Silver & Other centres fell from 88 to 79 during the half. • Corporate centres remained steady at 37. 9
Slide 10: Lesson numbers
Lesson numbers • Lesson numbers have declined 5% to • H1 average weekly lesson numbers per 868k, driven by UK: centre were up by 1.9% from 75.0 to o APAC: (0.1)% 76.4, continuing strong upward trend o UK: (8.6)% across the business 10
Slide 11: Average lesson charge
Average lesson charge • Average lesson charge increased by 8.5% from $57.50 to $62.40, reflecting the value parents place in the service offering 11
Slide 12: Franchise fee %
Franchise fee % • The franchise fee % increased from 17.9% to 18.1% and is expected to plateau at 18.5% to 19.2% over the medium term 12
Slide 13: Network revenue
Network revenue • Network revenue has continued to grow, up 2.9% to $54.1m, reflecting price increases and the value seen by parents in the services provided through the Gold centres 13
Slide 14: Future focus
Future focus Future Focus Policy change and MPC policy review As a direct result of feedback implementation framework from the franchisee survey, we have identified several key Curriculum review and refresh initiatives that we will focus on Systems and resources delivering throughout 2026. These ini
Slide 15: FY26 Full Year Outlook
FY26 Full Year Outlook • Lesson numbers are expected to be down by mid-single digits, driven by the impact of H1 centre closures on the full year. • Revenue is expected to be flat with business mix and price changes being offset by the impact of a strengthening AUD on the translation of UK revenue a
Slide 16: Questions
QUESTIONS 16
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