Academedia Ab · OMXSTO:ACAD
Academedia Ab — Q1 2025/26 Earnings Presentation
24 slides from Academedia Ab's earnings presentation, Nov 3, 2025
Slide 1: Interim report presentation Q1 July 2025 – September 2025
Interim report presentation Q1November 3, 2025 July 2025 – September 2025 Marcus Strömberg, CEO Petter Sylvan, CFO Fotografen: Freddy Billqvist. Skolan: Montessori Mondial.
Slide 2: CEO introduction
CEO introduction • Net sales increased by 6.7 percent in the quarter, 6.2 percent organically including bolt on acquisitions. • Dedicated and creative efforts to strengthen our value proposition had a positive impact on the number of children at our units. • All in all, the number of children and st
Slide 3: Reading in focus
Reading in focus Clear results from reading and language development initiatives • Through a range of activities, partnerships, and continued investments AcadeMedia continues its efforts to promote language development, imagination, and reading comprehension in preschools and schools. • 9 out of 10
Slide 4: Revised financial targets
Revised financial targets AcadeMedia revises its financial targets and dividend policy The updated financial targets revise the profitability goal to an annual adjusted EBITA margin of 7– 8%, instead of the previous adjusted EBIT margin target of 7–8%, to better reflect the company’s focus on acquis
Slide 5: Adj. EBITA development 2007 – 2025/26
Adj. EBITA development 2007 – 2025/26 Increased profit YoY - 17% CAGR EBIT development SEK m 1 315 1 332 1 127 1 017 987 952 +17% 748 675 650 644 Adj. EBIT MSEK 599 572 486 387 391 232 188 128 71 98 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 6: Net sales
Net sales On our way towards 50 percent international business and adult education SEK m 19 021 19 280 17 331 15 534 14 334 13 335 60,7% 60,4% 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% 65,3% 9,5% 9,5% 67,4% 68,0% 9,8% 10,5% 80,2% 13,9% 12,6% 1 478 12,7% 3
Slide 7: Summary of Independent School Policy Proposals
Independent School Summary of Independent School Policy Proposals SVI: Deduction of 6% on school voucher for municipality supply 1. The Profit Inquiry (PI) responsibility PI: Government grants withdrawn in case of profit distributions 2. The School Voucher Inquiry (SVI) Most of the PI suggested rest
Slide 8: Podcast
Podcast Podcast host AcadeMedias new podcast for Investors Charlotte Stjerngren In October, we launched our own podcast to engage Swedish investors • Partner at Cord Communication through short, focused episodes delivering clear insights in just 10–15 minutes. • Former Editor in Chief at EFN and Ana
Slide 9: Highlights Q1
Highlights Q1 Continued stable growth and improved Adj. EBITA Key figures Q1 2025/26 excluding effects of IFRS 16 • Student numbers grew by 3.5 percent. (SEK m) 2025/26 2024/25 Change • Net sales increased by 6.7 percent, organic growth was 6.2 percent, adjusted for currency effect -0.7 percent. # o
Slide 10: Highlights Q1 – Adj. EBITA bridge
Highlights Q1 Stable growth and improved Adj. EBITA Adj EBITA 24/25 166 Preschool & International: The increase was mainly driven by acquisitions in Preschool & Int. 7 Netherlands and Germany. Compulsory 5 School Compulsory School: Continued stable development, helped by increase in Upper Secondary
Slide 11: 12 month rolling figures Q1 2025/26
12 month rolling figures Q1 2025/26 Continued growth with stable Adj. EBITA and margin • 12 month rolling net sales continued to grow and amounts to Oct 2024- (SEK m) 2024/25 Change Sep 2025 SEK 19.280 million. Net sales 19,280 19,021 1.4% • Rolling 12-month Adjusted EBITA SEK 1,332 million, and EBI
Slide 12: Q1 Segment reporting
pysslingen ° H % I X I a “amar SK winrorpes’ VITTRA espira yes! DROTTNING BLANEAS I=) FRAMTIDSGYMNASIET (GiThe Game Assembly ah. th. vh. nt) @ Gespirs cggg OECUTBILONING kinderbetreuung a SALJ & MARKNADSHOGSKOLAN ] segment reporting (Wrievmnasier Ytmus PRAKTISKA — TEES srviiite Lae che eductus joki
Slide 13: 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% 22% 29% 10% *) 2024/2
Slide 14: Preschool and International Segment
Preschool and International Segment Acquisitions and new openings continue to drive growth • The number of children increased by 8.0 percent driven by Quarter results (SEK m) 2025/26 2024/25 Change international expansion. Net sales 1,583 1,452 9.0% • Net sales were SEK 1,583 million, positively aff
Slide 15: Compulsory School Segment
Compulsory School Segment Continued stable sales and earnings growth. Quarter results (SEK m) 2025/26 2024/25 Change • Number of children and students increased by 2.5 percent. Net sales 904 860 5.1% • Net sales grew 5.1 percent as a result of increased number EBITA 49 44 11.4% of students and annua
Slide 16: Upper Secondary School Segment
Upper Secondary School Segment Stable sales growth while profitability was softer in the period • Student numbers increased by 0.8 percent. Quarter results (SEK m) 2025/26 2024/25 Change Net sales 1,193 1,139 4.7% • Net sales increased by 4.7 percent as a result of more students and annual voucher r
Slide 17: Adult Education Segment
Adult Education Segment Profitability improved for the ninth consecutive quarter • Net sales increased by 7.7 percent to SEK 421 million (391), Quarter results (SEK m) 2025/26 2024/25 Change mainly attributable to higher volumes in Higher Vocational Net sales 421 391 7.7% Education and Labour Market
Slide 18: Q1 Financial position
Q ] Financial position fAcademedia
Slide 19: Free cash flow and investments
Free cash flow and investments Strong free cash flow can fund investments in current operations and growth FCF as % of adj. EBITDA Capex and Maintenance capex as % of net sales SEK m SEK m 1 200 4,0% 1 400 100% 86% 2,8% 90% 1 000 3,0% 1 200 75% 75% 70% 80% 121 2,0% 2,2% 2,1% 66% 67% 1,8% 1,8% 25 1,6
Slide 20: Financial position
Financial position Financial position remains strong 2025/26 2024/25 SEK m 30 Sep 30 Sep Change • Net debt including and excluding IFRS 16 was lower than Total equity (excl IFRS 16) 7,323 6,859 6.8% last year. Net debt (excl IFRS 16) 1,244 1,466 -15.1% • Leverage ratio (excl IFRS 16) was below last
Slide 21: Financial performance vs Revised targets
Financial performance vs Revised targets Growth within and Profitability just below the financial targets Q1 R12M Revised Financial Targets (FY 24/25) • Annual revenue growth rate of 5-7% including organic growth 5.8%1 Growth 5-7% and smaller bolt-on acquisitions but excluding larger strategic acqui
Slide 22: Q&A
Q&A 22
Slide 23: Forward-looking statements disclaimer
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 24: Academedia – change through education
Academedia change through education