Edu Holdings Limited · ASX:EDU
Edu — H1 2026 Earnings Presentation
26 slides from Edu's earnings presentation, Aug 27, 2026
Slide 1: 1H26 Results Presentation
For personal use only 1H26 Results Presentation HALF-YEAR ENDED 30 JUNE 2026 1
Slide 2: 1H26 Highlights
For personal use only 01 1H26 Highlights 1H26 RESULTS PRESENTATI ON 2
Slide 3: Highlights
Highlights Earnings growth, strong cash generation and portfolio expansion position EDU for continued momentum Revenue up 50% NPAT up 49% EPS up 73% Operating cashflow For personal use only of $25.1m Revenue of $54.3m, up Net profit after tax of Basic earnings per share Up from $19.7m in the PCP. fr
Slide 4: Strengthened through transition to HE
Strengthened through transition to HE Enhancing earnings quality and strategic positioning For personal use only Higher-value Longer average Alignment to Expansion of New courses course mix study duration2 skills shortages course3 portfolio gaining traction HE 83% of Group 35 months in 1H26 98% of 1
Slide 5: Positive momentum across all key metrics
Positive momentum across all key metrics Multi-year analysis1 Revenue ($'000) EBITDA ($’000)2 Earnings per share (cents)3 For personal use only 84,000 28,000 10.50 78,000 72,000 8.50 23,000 0.00 66,000 5.79 60,000 6.50 46,279 15,200 - 18,000 - 54,000 48,000 4.50 13,000 7.27 42,000 36,000 2.50 4.18 3
Slide 6: Key performance metrics
For personal use only Key performance metrics 1H26 1H25 % change Revenue1 $54.3m $36.1m 50% EBITDA $16.8m $10.9m 54% Profit before tax $13.3m $8.3m 61% Net profit after tax $9.3m $6.3m 49% Enrolments 7,036 5,321 32% New student enrolments 2,126 1,967 8% 1 Includes other income and excludes interest
Slide 7: Strategic shift
Strategic shift Higher education 83% of T2’26 enrolments Course enrolments 7,500 7,036 New courses providing For personal use only 7,000 diversification 6,500 1,729 enrolments in T2’26 from 5,962 1,430 courses launched during 2025 and 6,000 2026 - 30% of total HE enrolments 5,321 638 5,500 182 Numbe
Slide 8: Domestic enrolment momentum
Domestic enrolment momentum Investment paying dividends Student profile 7,500 7,036 Domestic growth accelerating For personal use only 7,000 T2’26 total enrolments up 38% on 771 PCP, with encouraging uptake of 6,500 new courses 5,962 6,000 5,321 588 5,500 559 Number of enrolments 5,000 4,500 Perform
Slide 9: Campus expansion program
Campus expansion program Progressive growth led by student demand NATIONAL CAMPUS FOOTPRINT 4 84 For personal use only states + online classrooms +10 vs PCP Brisbane Campus Melbourne Campus 5,210 sqm 3,971 sqm Brisbane Campus in Sydney in Melbourne Melbourne Campus operating at operating at 62% capa
Slide 10: Financial Results
For personal use only 02 Financial Results 1H26 RESULTS PRESENTATI ON 10
Slide 11: Profit & loss
Profit & loss Strong performance across key revenue and profit metrics Group 1H26 1H25 Variance Variance $'000 $'000 $'000 % Group For personal use only Total revenue and other income 54,282 36,124 18,158 50% Cost of sales (20,263) (14,186) (6,077) (43%) Revenue up 50% due to continued Gross profit
Slide 12: EBITDA bridge
EBITDA bridge Gross profit growth funding investment $’000 12,081 For personal use only 20,000 (3,653) (1,866) 16,761 (684) 15,000 $12.1m gross profit increase delivered $5.9m EBITDA uplift 10,883 10,000 Step-up in employee costs to support student volume growth in 2025 and 1H26 and investment in 5,
Slide 13: Balance sheet
Balance sheet $24.0m cash, no debt and retained earnings 30-Jun-26 31-Dec-25 Variance $'000 $'000 $'000 For personal use only Cash and cash equivalents 23,998 18,459 5,539 Net cash up $5.5m to $24.0m, driven by strong HE enrolments and operating performance Trade and other receivables 7,195 1,286 5,
Slide 14: Cashflow bridge
Cashflow bridge Strong operating performance $’000 For personal use only 45,000 25,082 Net operating cashflow of $25.1m, (1,987) up $5.4m from $19.7m in PCP 40,000 (2,332) 35,000 (3,778) Strong free cashflow of $20.8m – reflecting seasonality of tuition fee 30,000 inflows 25,000 23,998 (11,391) (55)
Slide 15: Capital Structure
For personal use only 03 Capital Structure 1H26 RESULTS PRESENTATI ON 15
Slide 16: Capital structure & dividends
Capital structure & dividends Interim fully-franked dividend of 3.0 cents per share ISSUED CAPITAL1 SHARE REGISTER PROFILE2 For personal use only Number % Diluted Ordinary shares 125,616,053 94% 24% Board & Management Performance rights 8,456,377 6% 50% Institutions (substantial) Fully diluted 134,0
Slide 17: Market Settings & Outlook
For personal use only 04 Market Settings & Outlook 1H26 RESULTS PRESENTATI ON 17
Slide 18: Regulatory environment
Regulatory environment Increased focus on quality and integrity For personal use only National Planning Level Ministerial Direction 115 Onshore student transfers The National Planning Level (NPL) Ministerial Direction 115 (MD115) Recent amendments to the National represents a planning benchmark for
Slide 19: Our response
Our response Adapt and execute For personal use only Proven execution track Portfolio and recruitment Disciplined operating record diversification model • Demonstrated ability to adapt to • Broadening course portfolio aligned to • Centralised, scalable shared services regulatory and market change, n
Slide 20: 2H26 outlook
For personal use only 2H26 outlook Financial performance Business and environment Capital management • Revenue, EBITDA and NPAT up on PCP • Momentum in HE enrolments supporting • Balance between funding growth continued shift towards higher initiatives, maintaining balance sheet • Step-up in costs t
Slide 21: Appendices
For personal use only 05 Appendices 1H26 RESULTS PRESENTATI ON 21
Slide 22: Deep sector and corporate experience
Deep sector and corporate experience Aligned through significant equity interest EXECUTIVE MANAGEMENT LEADERSHIP TEAM For personal use only Adam Davis Lyndon Catzel Jodi Francis Mark Falvo Gerald Ng Managing Director & Chief Financial Officer General Manager, Student General Manager, General Manager
Slide 23: Global recruitment network
Global recruitment network International student enrolments1 by source For personal use only country (Top 20) 68.5% 17.1% 8.1% 2.3% 4.0% Subcontinent Asia Latin America Europe Other Diverse student & agent mix 290 active education agents 75 source countries 1,693 new international students (NSEs) re
Slide 24: Half-on-half analysis
Group Half-on-half analysis 1H26 1H25 Variance Variance 2H25 2H24 Variance Variance $'000 $'000 $'000 % $'000 $'000 $'000 % Group For personal use only Total revenue and other income 54,282 36,124 18,158 50% 46,279 25,413 20,866 82% Cost of sales (20,263) (14,186) (6,077) (43%) (18,036) (10,333) (7,
Slide 25: Disclaimer
Disclaimer This presentation, dated 27 August 2026, provides additional While all reasonable care has been taken in relation to the commentary on the Half-Year Report for the period ended 30 June preparation of this presentation, none of the Company, its subsidiaries, 2026 for EDU Holdings Limited (
Slide 26: Contact
For personal use only CONTACT Adam Davis, CEO Lyndon Catzel, CFO E adam.davis@eduholdings.com.au E lyndon.catzel@eduholdings.com.au P 1300 254 000 P 1300 254 000 M +61 408 400 888 M +61 414 907 384 1H26 RESULTS PRESENTATI ON 26