Pearson Plc · LSE:PSON

Pearson — 9M 2026 Earnings Presentation

14 slides from Pearson's earnings presentation, Oct 22, 2026

1. Slide 1: Nine Month Trading Update

   Nine Month Trading Update Thursday 22nd October 2026

2. Slide 2: Forward-looking statements

   Forward-looking statements Except for the historical information contained herein, the There are a number of factors which could cause actual results and matters discussed in this presentation include forward-looking developments to differ materially from those expressed or statements. implied by th

3. Slide 3: Key Takeaways

   Key Takeaways Good 9M On track for performance, Full Year with growth 2026 guidance accelerating in Q3 Disciplined Optimising capital allocation Pearson’s structure to drive long-term to drive growth shareholder value 3

4. Slide 4: Good nine-month performance, with growth accelerating in Q3, as expected

   NINE MONTH TRADING UPDATE Good nine-month performance, with growth accelerating in Q3, as expected UNDERLYING REVENUE GROWTH1 9M YTD Q3 Group +5% +6% BY BUSINESS UNIT KEY DRIVERS +4% Growth of 10% in Q3, driven by new contracts and strong Assessment & Qualifications demand for the verification of AI

5. Slide 5: On track to deliver Full Year 2026 guidance: narrowing the profit range

   NINE MONTH TRADING UPDATE On track to deliver Full Year 2026 guidance: narrowing the profit range Mid-single digit £650-675m 90-100% Underlying rev. growth1 Adj. operating profit2 Free cash flow conversion Driven by the R E S I L I E N C E of Pearson’s portfolio and our role as V E R I F I C A T I O

6. Slide 6: Accelerating growth through disciplined, strategic M&A

   NINE MONTH TRADING UPDATE Accelerating growth through disciplined, strategic M&A OUR CORE BUSINESS OUR MEDIUM-TERM GROWTH VECTORS Assessment & Verification Enterprise Skilling Early Careers AI-native skills intelligence platform Career and technical education Trusted assessment technology that measu

7. Slide 7: Optimising Pearson's structure to drive growth

   Optimising Pearson’s structure to drive growth 7

8. Slide 8: Simpler organisation and new operating model to drive growth

   NINE MONTH TRADING UPDATE Simpler organisation and new operating model to drive growth TODAY FUTURE Assessment & Virtual Enterprise UK & Int US K12 US HE Enterprise Qualifications Learning Learning & Skills Education English Language Higher Learning Education Strengthening and standardising core cap

9. Slide 9: Focused organisational design, centred around customers and growth

   NINE MONTH TRADING UPDATE Focused organisational design, centred around customers and growth Customer-led businesses Investing in core capabilities to unlock growth Product and services Learning Institutions Enterprises Greater alignment of customer offerings and product investment decisions made cl

10. Slide 10: New approach unlocks full potential for Pearson

    NINE MONTH TRADING UPDATE New approach unlocks full potential for Pearson Growth Performance Agility Simplicity Reducing Strengthening core Sharpening fragmentation and Clearer visibility of capabilities to customer focus to improving processes growth drivers and improve our drive growth to drive sp

11. Slide 11: Key Takeaways

    Key Takeaways Good 9M On track for performance, Full Year with growth 2026 guidance accelerating in Q3 Disciplined Optimising capital allocation Pearson’s structure to drive long-term to drive growth shareholder value 11

12. Slide 12: Appendix

    Appendix 12

13. Slide 13: Customer focused units, with assessments and verification infrastructure at the core

    NINE MONTH TRADING UPDATE Customer focused units, with assessments and verification infrastructure at the core CUSTOMER GROUPS Learning Institutions Enterprises UK & International BUSINESS UNITS US K12 US Higher Education Enterprise Education INDICATIVE FY25 REVENUE c.£1.2bn c.£0.6bn c.£0.8bn c.£1.0

14. Slide 14: Copyright 2026 Pearson. All rights reserved.

    Copyright 2026 Pearson. All rights reserved.

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