Nido Education Limited · ASX:NDO
Nido Education — H1 2026 Earnings Presentation
35 slides from Nido Education's earnings presentation, Aug 26, 2026
Slide 1: 2026 Half Year Financial & Operational Results
ASX Announcement ASX Code: NDO 2026 Half Year Financial & Operational Results 26 August 2026 Nido Education Limited ACN 650 967 703 (ASX: NDO) (Nido or Company) is pleased to announce its half year financial and operational results for the period ended 30 June 2026. Group performance summary • Delive
Slide 2: Group performance detail
the development, opening and management of services before they are acquired by the Group where performance hurdles are met. Group AEBITDA was $4.3 million, adjusted profit before tax was $2.8 million and adjusted net profit after tax was $2.1 million. Support office costs were $6.4 million net of esta
Slide 3: Looking ahead
Management’s focus is on converting enquiries and offers into days of learning, improving productivity and maintaining service quality. These priorities are expected to support occupancy growth, improved consistency of performance and stronger operating leverage over time. Looking ahead Nido’s prior
Slide 4: Potential acquisitions
The Company continues to pursue a number of potential acquisitions. Their timing and completion remain uncertain, and the Company is not currently in a position to quantify their potential impact on the FY26 result. The Company will update the market if this becomes clearer. The Board remains focuse
Slide 5: Investor & Media enquiries
Investor & Media enquiries Adam Lai Chief Executive Officer and Director P: 02 9712 7444 E: ir@nido.edu.au About Nido Founded in 2021, Nido Education Limited is a national owner, operator and manager of long day early childhood education and care services, operating under the Nido Early School brand.
Slide 6: 2026 Half Year Results
2026 Half Year Results Nido Education Limited (ASX: NDO) 26 August 2026 1
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 half year ended attention and considers
Slide 8: Contents
Contents 1. Executive Summary 2. Service Performance 3. 2026 Half Year results 4. Incubation 5. Acquisitions outside of incubation 6. Looking ahead Nido Education Limited (ASX:NDO) 2026 Half 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: Acknowledgment of Country
Acknowledgment of Country We acknowledge the Traditional Custodians of the land, waters, and skies where we work and live across Australia. We pay our respect to Elders past and present. We celebrate the stories, culture, and traditions of Aboriginal and Torres Strait Islanders of all communities, w
Slide 11: Our Purpose
Our Purpose “To create an environment that supports teachers to rise and make a positive impact on the lives of children” 6
Slide 12: 1. Executive Summary
1. Executive Summary 7
Slide 13: Executive Summary
Executive Summary • The first half of 2026 was a period of disciplined execution • We continued to grow the network, acquiring 4 more services and opening 4 services in the first half and 2 services post the reporting period HY26 Financial • Strengthened our proposition for children and families, in
Slide 14: 2026 Half Year Group Performance
2026 Half Year Group Performance Financial performance Impact Capital Group Revenue Group days of learning Cash conversion $85.8m 434k 110% 4% increase from HY25 AEBITDA* Quality rating Free Cash conversion1 $4.3m Above average 77% from $6.6m in HY25 ANPAT* Services opened2 Acquisitions Acquisition
Slide 15: 2. Service Performance
2. Service Performance 10
Slide 16: Backdrop of HY26 service performance
Backdrop of HY26 service performance Nido’s service results were driven to the backdrop of a challenging operating environment Challenging operating environment Government policy Opportunities for quality operators • Families: cost of living; rising • Workforce Retention Payment • We do not see this
Slide 17: Investment in evolving Nido in HY26
Investment in evolving Nido in HY26 We’ve pursued purposeful and disciplined investment to strengthen our foundation Goal Focus Highlights of H1 achievements • Our curriculum: Birth to three curriculum launched, after 3 years of development with over 1,000 educators, children and community input the
Slide 18: 3. 2026 Half Year Results
3. 2026 Half Year Results 13
Slide 19: Group Profit and Loss
Group Profit and Loss Group performance* ($m) HY26 HY25 Movement Service revenue 81.4 79.5 1.9 2% Establishment and management fees 4.4 3.3 1.1 33% Group revenue 85.8 82.8 3.0 4% Service AEBITDA* 10.7 12.8 (2.1) (16%) Support office costs (net)1 (6.4) (6.2) (0.2) (3%) AEBITDA* 4.3 6.6 (2.3) (35%) De
Slide 20: Service EBITDA
Service EBITDA Service performance1 ($m) HY26 HY25 Movement Childcare revenue 79.5 77.9 1.6 2% Other service revenue 1.9 1.6 0.3 19% Total service revenue 81.4 79.5 1.9 2% Service costs (70.7) (66.7) (4.0) (6%) Service AEBITDA 10.7 12.8 (2.1) (16%) AEBITDA % 13% 16% Average number of services 60.3 5
Slide 21: Capital management
Capital management June December Movement 2026 2025 Facilities - total 65.0 55.0 10.0 • Extended covenant compliant NAB facility by one year to February 2028 and Facilities - drawn 47.0 28.0 19.0 increased facility limit by $10m on 30 June 2026 Acquisitions 30.0 20.9 9.1 NAED loan1 (recoverable) 18.
Slide 22: 4. Incubation
4. Incubation 17
Slide 23: 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 designed by Nido and managed acquisition pipelin
Slide 24: Opened New Services in 2026
Opened 61 New Services in 2026 Henley Brook, WA (August 2026) The Gables, NSW (August 2026) Piazza’s provide a central Ateliers (art space for community, studios) provide connection and children a place collaboration for uninterrupted creativity Australind, WA (May 2026) Sunshine, VIC (January 2026)
Slide 25: Acquired Services in 2026
Acquired 4 Services in 2026 Nido Early School Nido Early School Wembley Downs, WA Treeby South, WA 4.6 star Google rating 4.5 star Google rating Nido Early School Wembley Nido Early School Downs Piara Waters, WA Para Hills, SA Piara Waters Treeby Para Hills South 5 star Google 4.8 star rating Google
Slide 26: Platform for growth
Platform for growth: We’ve opened 4 services in the first half and 2 post the reporting period (in incubation) and acquired 4 services Owned and managed services (#) Oct 23 Dec-24 Dec-25 Jun-26 Actual Actual Actual Actual Nido owned 52 56 59 63 1 Managed for a 3rd party 34 34 34 34 Incubated service
Slide 27: Pipeline
Pipeline The incubator pipeline continues to mature Incubation pipeline – August 2026 26 24 18 8 8 5 Open Near Under Approved DA and DA and Agreements - pending Approved by Nido for completion construction Agreements Incubator Expected to open H2 2026 Expected opening from H2 2027 Expected to open 2
Slide 28: 5. Acquisitions outside of incubation
5. Acquisitions outside of incubation 23
Slide 29: 6. Looking Ahead
6. Looking Ahead 24
Slide 30: Looking ahead
Looking ahead Convert platform Convert enquiries and improvements into offers into enrolments quality and productivity Build long-term value in a Grow through sector with strong disciplined incubation structural medium-term and acquisitions demand Nido Education Limited (ASX:NDO) 2026 Half Year Resu
Slide 31: Questions
Questions 26
Slide 32: Thank you
Thank you 27
Slide 33: Appendix I: Glossary
Appendix I: Glossary Term Definition / Meaning AEBITDA (Adjusted EBITDA) EBITDA adjusted for the impact of AASB 16 and stamp duty costs on acquisitions ANPAT (Adjusted NPAT) NPAT adjusted for the impact of AASB 16 and stamp duty costs on acquisitions Covenant EBITDA EBITDA specifically defined, adju
Slide 34: Appendix II: Financial Statements
Appendix II: Financial Statements Consolidated statement of profit or loss 30 Jun 2026 30 Jun 2025 Consolidated statement of cashflow for the 30 Jun 2026 30 Jun 2025 and other comprehensive income for the year ended 30 June year ended 30 June $'000 $'000 $'000 $'000 Revenue 83,941 81,161 Cash flows
Slide 35: Appendix II: Financial Statements
Appendix II: Financial Statements EBITDA & NPAT Reconciliations 30 June 2026 30 June 2025 Consolidated statement of financial position as at 30 Jun 2026 31 Dec 2025 $'000 $'000 Reconciliation to AEBITDA $'000 $'000 EBITDA 16,844 17,761 ASSETS Cash and cash equivalents 6,687 5,848 Lease rental expens