Nido Education Limited · ASX:NDO
Nido Education — FY2025 Earnings Presentation
32 slides from Nido Education's earnings presentation, Feb 25, 2026
Slide 1: 2025 Full Year Financial & Operational Results
ASX Announcement ASX Code: NDO 2025 Full Year Financial & Operational Results 25 February 2026 Nido Education Limited ACN 650 967 703 (ASX: NDO) (Nido or Company) is pleased to announce its financial and operational results for the year ended 31 December 2025. Group performance summary Nido has deliv
Slide 2: Service-based performance
Service-based performance Services generated $30.2m AEBITDA at an average of $534k AEBITDA per service. Nido delivered 938k days of learning with an average daily fee of $174 ($164 pcp). Wages as a percentage of revenue improved to 55% (57% pcp). Service performance 4 ($m) 2025 2024 Change Childcare
Slide 3: Looking ahead
The Board’s decision is supported by our balance sheet and cash flow outlook. Importantly, payment of the dividend does not constrain our ability to invest in growth or pursue acquisitions. It is the Board’s intention to continue to pay dividends going forward. Throughout last year, we managed servic
Slide 4: Investor briefing call and Annual General Meeting
As we continue to work through the February re-enrolment period, we are seeing acceptable lead indicators including: • Enquiries are slightly above last year • Enrolment offers to parents are up 20% YTD • Conversion rates are improving and tracking above last year. These early signs of improvement a
Slide 5: Accompanying this announcement is the Nido Investor Presentation
Accompanying this announcement is the Nido Investor Presentation in relation to the financial and operational results for the year ended 31 December 2025. -Ends- This ASX announcement was authorised for release by the Board of Nido Education Limited. Investor & Media enquiries Adam Lai Chief Executiv
Slide 6: 2025 Full Year Results
2025 Full Year Results Nido Education Limited (ASX: NDO) 25 February 2026
Slide 7: Disclaimer
Disclaimer This presentation has been prepared by Nido Education Limited ACN 650 967 703 (Nido) Nido believes that the forward-looking statements have been prepared with due care and (ASX code: NDO) in relation to its financial and operational results for the full year ended 31 attention and conside
Slide 8: Contents
Contents 1. Executive Summary 2. Service Performance 3. 2025 Full Year results 4. Incubation 5. Looking ahead Nido Education Limited (ASX:NDO) 2025 Full Year Results 3
Slide 9: Introduction to presenters
Introduction to presenters Adam Lai Tom Herring Nadia Wilson-Ali Mathew Edwards Chief Executive Officer Chief Financial Officer Head of Education and Managing Director and Executive Director Professional Development Joined Nido as Chief Joined Nido as Chief Joined the Nido family in Founded Nido Edu
Slide 10: Our Purpose
“To create an environment that supports Our Purpose teachers to rise and make a positive impact on the lives of children” 5
Slide 11: 1. Executive Summary
1. Executive Summary 6
Slide 12: Executive Summary
Executive Summary We invested The Board has Met guidance deliberately to Our incubator Positioned for determined a provided last year strengthen the growth model growth dividend business • Grew top-line • Dividend 2.2c fully • Made decisive • Opened 7 • Year has started revenue despite franked bring
Slide 13: Highlights
Highlights Financial performance Capital Impact Cash conversion2 Group days of learning Group Revenue $173m 94% 938k Net Leverage Ratio3 Quality rating 1.1x Above sector average AEBITDA* $17m Final fully franked dividend Services opened Acquisitions 2.2c 7 Per share 3 ANPAT* Final yield Pipeline $11
Slide 14: 2. Service Performance
2. Service Performance 9
Slide 15: Service EBITDA
Service EBITDA Service performance1 ($m) 2025 2024 Change Child care revenue 163.2 156.7 6.5 4% • Service performance has been Other service revenue 3.2 3.2 - - resilient despite the macro cyclical Total service revenue 166.4 159.9 6.5 4% challenges impacting the sector Service costs (136.2) (127.5)
Slide 16: Investment in evolving Nido during FY25
Investment in evolving Nido during FY25 We’ve pursued purposeful and disciplined investment to strengthen our foundation We strengthened our safeguarding, We evolved our offering for children We invested in our people quality and compliance capabilities and families • Strengthened safeguarding and •
Slide 17: 3. 2025 Full Year Results
3. 2025 Full Year Results 12
Slide 18: 2025 Full Year Group Performance
2025 Full Year Group Performance Financial performance Dividend Capital Final dividend Cash conversion2 Group Revenue $173m 2.2c 94% per share Final yield Net Leverage Ratio3 AEBITDA* $17m 5.5% 1.1x on current share price1 Franking Acquisition facility available ANPAT* $11m 100% $27m Note: *Figures
Slide 19: Profit and Loss
Profit and Loss Group performance* ($m) FY 25 FY24 Change Dividend Interim Final FY25 Service revenue 166.4 159.9 6.5 4% Franked dividend 1.50c 2.20c 3.70c Establishment and management fees 6.7 6.9 (0.2) (3%) Franking credit 0.64c 0.94c 1.58 Group revenue 173.1 166.8 6.3 4% Total 2.14c 3.14c 5.28 Se
Slide 20: Capital management
Capital management Debt summary ($m) 31 December 2025 Cash 5.8 Drawn debt of $27.5m comprises $19m drawn for acquisitions since IPO and $8.5m representing Loan facilities 55.0 the remaining portion of debt drawn at IPO Facilities – Drawn (27.5) We are fully funded for near term acquisitions with $27
Slide 21: 4. Incubation
4. Incubation
Slide 22: Nido Incubation model
Nido 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 risks designed by Nido and managed by acquisitio
Slide 23: Opened 9 services in last 12 months
Opened 9 services in last 12 months Safety Bay, WA (January 2026) Sunshine, VIC (January 2026) Lakelands East, WA (December 2025) Long Gully, VIC (December 2025) Hilbert, WA (February 2025) Clyde North, VIC (August 2025) Swan View, WA (June 2025) Mandogalup, WA (April 2025) Mandurah, WA (August 2025
Slide 24: Platform for growth
Platform for growth Acquired 3 services in FY25, 4 services planned for acquisition H1 FY26 Owned and managed services (#) Oct 23 Dec-24 Dec-25 Feb-26 Actual Actual Actual Actual The incubated growth model has allowed Nido owned 52 56 59 59 Nido to increase its owned and incubated Managed for a 3rd
Slide 25: Pipeline
Pipeline Our pipeline continues to mature with over 100 sites at various stages of development Incubation pipeline – February 2026 We continue to consider circa 100 to 150 new opportunities every month 49 • 18 services are now open and in trade up • 19+ sites are expected to open 32 progressively ov
Slide 26: 05. Looking Ahead
05. Looking Ahead 21
Slide 27: Looking ahead
Looking ahead Evolving Government Nido’s focus: quality, January FY26 Challenging demand policy to improve access, growth, disciplined performance environment will turn affordability and safety management • Occupancy down, but • Acknowledge challenging • Government has a vision • Evolving quality fi
Slide 28: Questions
Questions 23
Slide 29: Thank you
Thank you 24
Slide 30: Appendix I: Glossary
Appendix I: Glossary Term Definition / Meaning EBITDA Total Statutory Group Earnings before Interest, tax, depreciation and amortisation NPAT Total Statutory Group Net Profit After Tax Adjusted EBITDA (AEBITDA) EBITDA adjusted for the impact of AASB 16 and stamp duty costs on acquisitions Service AE
Slide 31: Appendix II: Financial Statements
Appendix II: Financial Statements Consolidated statement of profit or loss and 31 Dec 2025 31 Dec 2024 Consolidated statement of cashflow for the 31 Dec 31 Dec 2025 2024 other comprehensive income for the year year ended 31 December 2025 ended 31 December 2025 $'000 $'000 $'000 $'000 Cash flows from
Slide 32: Appendix II: Financial Statements
Appendix II: Financial Statements EBITDA & NPAT Reconciliations 31 Dec 2025 31 Dec 2024 Consolidated statement of financial position as at 31 Dec 2025 31 Dec 2025 31 Dec 2024 $'000 $'000 EBITDA 39,429 42,267 $'000 $'000 Lease rental expense (AASB 16 adjustments) (22,592) (20,313) ASSETS Cash and cas