Nido Education Limited · ASX:NDO
Nido Education — H1 2025 Earnings Presentation
38 slides from Nido Education's earnings presentation, Aug 27, 2025
Slide 1: 2025 Half Year Financial & Operational Results
ASX Announcement ASX Code: NDO 2025 Half Year Financial & Operational Results 27 August 2025 Nido Education Limited (ASX: NDO) (Nido or Company) is pleased to announce its half year financial and operational results for the period ended 30 June 2025. Group performance summary In the first half, Nido
Slide 2: Results and interim dividend
Based on cost-of-living pressures we chose not to increase our average fees in January 2025 for the benefit of our families. We believe this impacted our HY2025 EBITDA in the order of $3m. Results Figures and calculations used in this report exclude the impact of non-cash lease costs under AASB 16 –
Slide 3: Group performance detail
Group performance detail Group performance* ($m) HY 2025 HY 2024 Change Service revenue 79.5 73.7 5.8 8% Establishment and management fees 3.3 3.2 0.1 3% Group revenue 82.8 76.9 5.9 8% Service EBITDA* 12.8 11.9 0.9 8% Support office costs (net) (6.2) (4.4) (1.8) (41%) EBITDA* 6.6 7.5 (0.9) (12%) Dep
Slide 4: Half Year 2025 Overview
Service performance1 ($m) HY 2025 HY 2024 Change Service revenue 77.9 72.2 5.7 8% Other Service revenue 1.6 1.5 0.1 7% Total Service revenue 79.5 73.7 5.8 8% Service costs (66.7) (61.8) (4.9) (8%) Service EBITDA 12.8 11.9 0.9 8% Half year EBITDA % 16% 16% Average HY Service EBITDA ($’000) 229 229 Da
Slide 5: Details of the conference call are as follows
Details of the conference call are as follows: Date and time: Thursday, 28 August 2025 at 11.00am (Sydney time) Participant details: All participants must pre-register to join this conference call using the Participant Registration link below. Participant Registration Site: Please click here to regi
Slide 6: 2025 Half Year Results
2025 Half Year Results Nido Education Limited (ASX: NDO) 27 August 2025
Slide 7: Disclaimer
Disclaimer This presentation has been prepared by Nido Education Limited ACN 650 967 703 (Nido) which are subject to change and, in many cases, are outside the control of Nido and its (ASX code: NDO) in relation to its financial and operational results for the half year ended 30 Directors. June 2025
Slide 8: Our purpose
“To create an environment that supports teachers to rise and make Our purpose a positive impact on the lives of children.”
Slide 9: Today's Presenters
Today’s Presenters Adam Lai Tom Herring Nadia Wilson-Ali Mathew Edwards Chief Executive Officer and Chief Financial Officer Head of Education and Managing Director Executive Director Professional Development Joined Nido as Chief Joined Nido as Chief Joined the Nido family in Founded Nido Education E
Slide 10: Contents
Contents 1 Executive Summary 2 Service Performance 3 2025 Half year results 4 Incubation 5 Looking ahead Nido Education Limited (ASX:NDO) 2025 Half Year Results
Slide 11: Executive Summary
01 Executive Summary Nido Education Limited (ASX:NDO) 2025 Half Year Results
Slide 12: Executive Summary
Executive Summary Our educators have delivered over 450k days of learning for children and their families • Nido Service EBITDA for the first half has increased by 8% to $12.8m and we’ve maintained our EBITDA per Service run rate of $229k Demonstrated • Occupancy levels are subdued across the sector
Slide 13: Service Performance
02 Service Performance Nido Education Limited (ASX:NDO) 2025 Half Year Results
Slide 14: Service EBITDA
Service EBITDA 8% increase in Service revenue and Service EBITDA driven by sustained performance Service performance1 ($m) HY 2025 HY 2024 Change • 8% increase in Service revenue and Service revenue 77.9 72.2 5.7 8% Service EBITDA driven by sustained performance of existing Services and Other Servic
Slide 15: Sector Update: 1H FY25
Sector Update: 1H FY25 Nido’s Service results were driven to the backdrop of a challenging FY25 Themes from the first half It’s been a • Anecdotal evidence suggests demand has been challenged across the industry, including enquiries and challenging year enrolments for demand across the • Flat popula
Slide 16: Sector Update: Looking ahead
Sector Update: Looking ahead We see the sector outlook improving into FY26, which justifies our investment in our Service offering and support capability Incoming Perspectives (2026) Implications for 1H FY25 1. Introduction of 3-day guarantee, replacing activity test • Government’s child care subsid
Slide 17: Investment in our offering
Investment in our offering Nido committed to evolving our offering for the benefit of children and families Our new curriculum Our new Nido menu • The Nido Kindergarten Curriculum is a thoughtfully developed • We have launched our new menu, to framework that inspires and supports the learning journe
Slide 18: Investment in Corporate and Support Capability
Investment in Corporate and Support Capability We have strategically and purposely invested in our Support Office so we are fit for growth # Area Description Desired Impact • We have invested in the Executive Team with the • System and process improvements aligned to scale, simplification and risk a
Slide 19: Sector regulatory changes
Sector regulatory changes We have already implemented a number of changes that are coming to the industry • The Government will introduce regulations to protect children and Highlight of some Nido’s current their safety. Reform will require both changes to operator proposed changes approach practice
Slide 20: 2025 half year results
03 2025 half year results Nido Education Limited (ASX:NDO) 2025 Half Year Results
Slide 21: First Half 2025 Group Performance
First Half 2025 Group Performance Financial performance Interim Dividend Capital ↑ Revenue Interim Dividend Cash conversion2 $82.8m 1.5c 97% 8% from HY2024 Per share ($9.2m-$2.8m) / $6.6m = 97% ↓ EBITDA* Interim Yield Net Leverage Ratio2 $6.6m 2.0% 0.5x from $7.5m in HY2024 on current share price1 $
Slide 22: Profit and Loss
Profit and Loss Group performance* ($m) HY 2025 HY 2024 Change Dividend HY 2025 Service revenue 79.5 73.7 5.8 8% Franked Dividend 1.5c Establishment and management fees 3.3 3.2 0.1 3% Franking Credit 0.64c Group revenue 82.8 76.9 5.9 8% Total (gross) 2.14c Service EBITDA* 12.8 11.9 0.9 8% Interim Yi
Slide 23: Capital management
Capital management Debt summary ($m) 30 June 2025 1 A strong cash conversion rate of Cash 10.1 approximately 97% has enabled a share Facility A - Limit 25.0 buy back of $0.4m in the first half and will fund the payment of the 1.5 cent per Facility A - Drawn (21.0) share interim dividend Available –
Slide 24: Incubation
04 Incubation Nido Education Limited (ASX:NDO) 2025 Half Year Results Mandurah WA
Slide 25: Nido's Unique Growth Model
Nido's Unique Growth Model Incubation mitigates risks associated with growth through typical roll up or greenfield strategies Summary of Incubation model Phases of Incubation Incubation gives Nido the ability to acquire proven 1 Nido sources and evaluates the site, presents it to the profitable Serv
Slide 26: Incubation model
Incubation model Providing consistent growth of purpose-built Services Incubation strategy Purpose built Consistent growth Nido has developed a greenfield All Nido’s Early Schools are Nido has access to a de-risked incubation strategy to mitigate designed by Nido and managed acquisition pipeline of
Slide 27: New Services
New Services Highlights of five new Services opened this year Swan View (June) Mandogalup (April) Hilbert (February) Mandurah (August) Clyde North (August) Nido Education Limited (ASX:NDO) 2025 Half Year Results 22
Slide 28: Platform for growth
Platform for growth Owned and Managed Services (#) Oct 23 Jun 24 Dec 24 Aug 25 Dec 25 Actual Actual Actual Actual Estimate The incubated growth model has allowed Nido owned 52 52 56 57 60 Nido to increase its owned and incubated Managed for a 3rd party 34 34 34 34 34 portfolio by 20% from IPO in Oct
Slide 29: Pipeline
Pipeline Our pipeline continues to mature with over 100 sites at various stages of development Incubation pipeline – 26 August 2025 We continue to consider circa 100 to 150 new opportunities every month 53 • 16 Services are now open and in trade up • 19 sites are expected to open progressively over
Slide 30: Looking ahead
05 Looking ahead Nido Education Limited (ASX:NDO) 2025 Half Year Results
Slide 31: What Government has said
What Government has said Comment attributable to Prime Minister Anthony Albanese: “Every child should have the right to quality, affordable early education.” "That’s why we want to build a universal child care system that is simple, affordable and accessible, for every family.” "We think children sh
Slide 32: What action has Government taken
What action has Government taken Activity test Albanese Government’s 3-Day Guarantee (current system) (from Jan 2026) The number of subsidised child care hours a family Replaces the strict activity test by ensuring all receives is determined by the hours of “approved children eligible for child care
Slide 33: The year ahead
The year ahead We have invested in evolving our Service offering and supporting capabilities. We have a solid foundation to grow our impact. As we move into next year, we are faced with: • Increased demand from families wanting access to quality and safe early education, now with increased subsidies
Slide 34: Appendices
Appendices 1 Glossary 2 Financial Statements Nido Education Limited (ASX:NDO) 2025 Half Year Results
Slide 35: Appendix I: Glossary
Appendix I: Glossary Term Definition / Meaning EBITDA* Total Group Earnings before Interest tax depreciation and amortisation before the impact of AASB 16 Service EBITDA* EBITDA* generated from owned Services NPAT* Total Group Net Profit After Tax before the impact of AASB 16 Management fees Fees fo
Slide 36: Appendix II: Financial Statements
Appendix II: Financial Statements Consolidated statement of profit or loss and 30 June 2025 30 June 2024 Consolidated statement of cashflow for the half- 30 June 2025 30 June 2024 year ended 30 June 2025 other comprehensive income for the half year ended 30 June 2025 $'000 $'000 $'000 $'000 Cash flo
Slide 37: Appendix II: Financial Statements
Appendix II: Financial Statements 31 December EBITDA & NPAT Reconciliations 30 June 2025 30 June 2024 Consolidated statement of financial position as at 30 June 2025 30 June 2025 2024 $'000 $'000 $'000 $'000 ASSETS Reported EBITDA 17, 761 17,489 Cash and cash equivalents 4,314 3,506 Trade and other
Slide 38: Thank you
Thank you Nido Education Limited (ASX:NDO) 2025 Half Year Results