Academedia Ab · OMXSTO:ACAD
Academedia Ab — Q3 2026 Earnings Presentation
26 slides from Academedia Ab's earnings presentation, May 11, 2026
Slide 1: Interim report presentation Q3 July 2025 – March 2026
Interim report presentation Q3May 11, 2026 July 2025 – March 2026 Marcus Strömberg, CEO Petter Sylvan, CFO Fotografen: Freddy Billqvist. Skolan: Montessori Mondial.
Slide 2: A record quarter for AcadeMedia
• Net sales increased by 6,6 percent in the quarter and amounted to SEK 5,371 A record quarter million (5,037). for AcadeMedia — Adjusted for FX sales grew by 7.9 percent. • Adjusted EBITA amounted to SEK 438 million (386), representing a growth of 13,5 percent year-on-year. • Positive performance f
Slide 3: AcadeMedia achieves strong results in Swedish school inspectorate's quality reviews
AcadeMedia achieves strong Share with highest rating results in Swedish school 80% inspectorate’s quality reviews 70% The Swedish Schools Inspectorate’s quality reviews covers four key areas: • Principal leadership 60% • Teaching • Assessment and grading • Safety and study environment 50% 40% • Over
Slide 4: Acquired growth
Acquired growth Since 2011/12, AcadeMedia has made 75 acquisitions – 39 in Sweden and 36 internationally 2 3 6 3 9 8 6 2 5 4 6 5 5 5 6 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020-21 2021/22 2022/23 2023/24 2024/25 2025/26 4
Slide 5: International Growth
International Growth Since 2022 AcadeMedias operations has expanded significantly and entered 4 new countries. 2014 2016 2017 2018 2022 2023 2024 2025 2026 First International First acquisition in AcadeMedia AcadeMedia Enter German school Acquires Winford AcadeMedia AcadeMedia AcadeMedia acquisition
Slide 6: Strong and well-defined market position
• Strong and well-defined market position • Combining high educational quality with a clear focus on sports and health • 10 school units with approximately 4,400 student • Highly sought after - waiting lists with an average of almost 1,000 students per school • Net Revenue of SEK 608 million in 2024
Slide 7: Increased profit YoY - 18% CAGR EBITA development
Adj. EBITA development 2007 – 2025/26 Increased profit YoY - 18% CAGR EBITA development SEK m 1 440 1 315 1 127 1 017 987 952 18% 748 Adj. EBITA MSEK 644 675 650 599 572 486 387 391 232 188 98 128 71 2007 2008 2009 2010 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23
Slide 8: On our way towards 50 percent international business and adult education
Net sales On our way towards 50 percent international business and adult education SEK m 19 819 19 021 17 331 15 534 14 334 13 335 59,7% 60,7% 12 268 11 710 63,2% 10 805 9 516 66,4% 8 608 67,4% 8 160 67,1% 67,2% 67,5% 6 372 66,1% 9,4% 65,3% 9,5% 67,4% 68,0% 9,8% 10,5% 80,2% 12,6% 12,7% 13,9% 15,4% 1
Slide 9: Summary of Independent School Policy Proposals
Independent School Summary of Independent School Policy Proposals PI: Government grants withdrawn in case of profit distributions 1. The Profit Inquiry (PI) Most of the PI suggested restrictions does not pose significant 2. The Principle of Publicity (PP) problem for us PI, PP: Increased administrat
Slide 10: A Podcast for Investors
A Podcast for Investors Episodes Episodes 1-7 are in Swedish 1. Initiation of AcadeMedia (Initiering av AcadeMedia) 2. Behind the Political Statements (Bakom de politiska utspelen) 3. Myths and Facts about Independent Schools (Myter och fakta om friskolor) 4. Education Capacity Planning (Dimensioner
Slide 11: Continued stable growth and improved Adj. EBITA
Highlights Q3 Continued stable growth and improved Adj. EBITA Key figures Q3 2025/26 excluding effects of IFRS 16 • Student numbers grew by 3.4 percent. (SEK m) 2025/26 2024/25 Change • Net sales increased by 6.6 percent, organic growth was 6.3 percent, adjusted for currency effect -1.3 percent. # o
Slide 12: Stable growth and improved Adj. EBITA
Highlights Q3 Stable growth and improved Adj. EBITA Adj EBITA 24/25 386 Preschool & International: Positively impacted by increased volumes and Preschool & Int. 44 revenue in Germany, and temporarily lower cost in the Norwegian operations. Compulsory 10 School Compulsory School: Continued stable dev
Slide 13: Continued growth with stable Adj. EBITA and margin
12 month rolling figures Q3 2025/26 Continued growth with stable Adj. EBITA and margin • 12 month rolling net sales continued to grow and amounts to Apr 2025- (SEK m) 2024/25 Change Mar 2026 SEK 19,820 million. Net sales 19,820 19,021 4.2% • Rolling 12-month Adjusted EBITA of SEK 1,440 million, adju
Slide 14: Q3 Segment reporting
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Slide 15: We operate throughout the education chain
4 business segments and presence in 5 countries We operate throughout the education chain Upper Preschool & Compulsory Adult Secondary International School Education School Age group 0-6 yrs 6-16 yrs 16-18 yrs 18+ yrs Geography # FTE* 7,931 3,757 3,854 1,042 Net sales split 39% 23% 29% 9% *) 2024/25
Slide 16: Acquisitions and new openings continue to drive growth
Preschool and International Segment Acquisitions and new openings continue to drive growth • The number of children increased by 11.3 percent driven by Quarter results (SEK m) 2025/26 2024/25 Change international expansion. Net sales 2,081 1,871 11.3% • Net sales were SEK 2,081 million, positively a
Slide 17: Continued stable sales and earnings growth
Compulsory School Segment Continued stable sales and earnings growth Quarter results (SEK m) 2025/26 2024/25 Change • Number of children and students decreased by 1.4 percent, adjusted for units that are to be closed, the number of Net sales 1,221 1,181 3.4% students decreased by 0.7 percent. Corres
Slide 18: Stable sales growth in the period
Upper Secondary School Segment Stable sales growth in the period • Student numbers increased by 0.5 percent. Quarter results (SEK m) 2025/26 2024/25 Change Net sales 1,572 1,519 3.5% • Net sales increased by 3.5 percent as a result of more students and annual voucher revision. EBITA 127 139 -8.6% It
Slide 19: Profitability improved for the eleven consecutive quarter
Adult Education Segment Profitability improved for the eleven consecutive quarter • Net sales increased by 6.5 percent to SEK 495 million (465), Quarter results (SEK m) 2025/26 2024/25 Change mainly attributable to higher volumes in Higher Vocational Net sales 495 465 6.5% Education and Labour Marke
Slide 20: Q3 Financial position
Q 3 Financial position fAcademedia 20
Slide 21: Strong free cash flow can fund investments in current operations and continued growth
Free cash flow and investments Strong free cash flow can fund investments in current operations and continued growth FCF as % of adj. EBITDA Capex and Maintenance capex as % of net sales SEK m SEK m 1 600 100% 1 200 4,0% 86% 2,8% 93 1 400 90% 1 000 3,0% 75% 75% 74% 2,0% 2,2% 2,1% 768 80% 121 1,8% 1,
Slide 22: Financial position remains strong
Financial position Financial position remains strong 2025/26 2024/25 SEK m 31 Mar 31 Mar Change • Net debt including and excluding IFRS 16 was higher than Total equity (excl. IFRS 16) 7,291 6,865 6.2% last year. Net debt (excl. IFRS 16) 1,752 1,244 40.8% • Leverage ratio (excl. IFRS 16) was above la
Slide 23: Growth and Profitability within the financial targets
Financial performance vs Revised targets Growth and Profitability within the financial targets Q3 R12M 25/26 Financial Targets (Q3 R12M 24/25) • Annual revenue growth rate of 5-7% including organic growth 5.6% Growth 5-7% and smaller bolt-on acquisitions but excluding larger strategic acquisitions a
Slide 24: Q&A
Q&A 24
Slide 25: This presentation may contain forward-looking statements
This presentation may contain forward-looking statements which reflect AcadeMedia’s current view on future events and financial and operational development, and the current expectations of the AcadeMedia Group’s management. Forward- looking statements are all statements that do not relate to histori
Slide 26: change through education
Academedia change through education