Slide 1: Interim report presentation Q2 July 2025 – December 2025
Interim report presentation Q2February 2, 2026 July 2025 – December 2025 Marcus Strömberg, CEO Petter Sylvan, CFO Fotografen: Freddy Billqvist. Skolan: Montessori Mondial.
Slide 2: A record quarter for AcadeMedia
• Net sales increased by 4.1 percent in the quarter and amounted to SEK 5,231 A record quarter million (5,025). for AcadeMedia — FX adjusted organic growth including bolt on acquisitions was 5.5 percent. • Adjusted EBITA amounted to SEK 345 million (289), representing a growth of 19 percent year-on-
Slide 3: Swedish Schools Inspectorate Acknowledge Vittra as Best in Class
Swedish Schools Inspectorate Acknowledge Vittra as Best in Class Quick facts about Vittra • 24 units, of which 13 include preschool • 8,000 children and students • 1,000 employees • Founded in 1993 • Part of AcadeMedia since 2008 • Vitra receives the highest rating that can be given by the Swedish S
Slide 4: Discrepancies between national test results and final grades continues to improve
Discrepancies between national test results and final grades continues to improve The Swedish National Agency for Education’s (Skolverket) updated statistics on national tests show that discrepancies between national test results and final grades continue to decrease within AcadeMedia’s schools. Com
Slide 5: 2026 Higher Vocational Education (YH) Allocations
2026 Higher Vocational Education (YH) Allocations Allocation increased compared with the previous year, with AcadeMedia receiving just over 20% of all approved places. • Total YH allocation 2026: 38,000 places, +30% vs 2025 • AcadeMedia has been granted 7,710 places (4,719), representing just over 2
Slide 6: Increased profit YoY - 18% CAGR EBITA development
Adj. EBITA development 2007 – 2025/26 Increased profit YoY - 18% CAGR EBITA development SEK m 1 388 1 315 1 127 1 017 987 952 +18% 748 675 650 Adj. EBITA MSEK 644 599 572 486 387 391 232 188 128 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 2
Slide 7: 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 19 485 19 021 17 331 15 534 14 334 13 335 60,2% 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% 9,5% 9,4% 65,3% 67,4% 68,0% 9,8% 10,5% 80,2% 12,6% 12,7% 13,9% 15,4% 1
Slide 8: 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 Principle of Publicity (PP) Most of the PI suggested restr
Slide 9: The principle of publicity
The principle of publicity Gives the public access to official documents to ensure transparency • On January 19, the Government presented the proposition of new legislation on the principle of publicity • Expected to be adopted January 2027 – initially expected January 2028 • Right for the public to
Slide 10: A Podcast for Investors
A Podcast for Investors Episodes All episodes 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 (Dimensionering
Slide 11: Continued stable growth and improved Adj. EBITA
Highlights Q2 Continued stable growth and improved Adj. EBITA Key figures Q2 2025/26 excluding effects of IFRS 16 • Student numbers grew by 2.2 percent. (SEK m) 2025/26 2024/25 Change • Net sales increased by 4.1 percent, organic growth was 4.5 percent, adjusted for currency effect -1.4 percent. # o
Slide 12: Stable growth and improved Adj. EBITA
Highlights Q2 Stable growth and improved Adj. EBITA Adj EBITA 24/25 289 Preschool & International: Positively impacted by acquisitions, higher volumes Preschool & Int. 43 and efficiency improvements in international operations. Compulsory 11 School Compulsory School: Continued stable development, po
Slide 13: Continued growth with stable Adj. EBITA and margin
12 month rolling figures Q2 2025/26 Continued growth with stable Adj. EBITA and margin • 12 month rolling net sales continued to grow and amounts to Jan 2025- (SEK m) 2024/25 Change Dec 2025 SEK 19.486 million. Net sales 19,486 19,021 2.4% • Rolling 12-month Adjusted EBITA SEK 1,388 million, adjuste
Slide 14: Q2 Segment reporting
pysslingen ° H % I X I a Cia SE winrorpes’ VITTRA espira yes! DROTTNING BLANEAS I=) FRAMTIDSGYMNASIET (GiThe Game Assembly ah. th. vh. nt) @ Gespira aggre © ECUTBILONING kinderbetreuung a SALJ & MARKNADSHOGSKOLAN ) segment reporting (Wrievmnasier Ytmus PRAKTISKA — TEES srviiite Lae che eductus joki
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% 22% 29% 10% *) 2024/2
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 7.7 percent driven by Quarter results (SEK m) 2025/26 2024/25 Change international expansion. Net sales 1,933 1,825 5.9% • Net sales were SEK 1,933 million, positively aff
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 1.3 percent, adjusted for units that are to be closed, the number of Net sales 1,228 1,193 2.9% students decreased by 0.6 percent. EBITA
Slide 18: Stable sales and profitability growth in the period
Upper Secondary School Segment Stable sales and profitability growth in the period • Student numbers increased by 0.5 percent. Quarter results (SEK m) 2025/26 2024/25 Change Net sales 1,569 1,515 3.6% • Net sales increased by 3.6 percent as a result of more students and annual voucher revision. EBIT
Slide 19: Profitability improved for the ninth consecutive quarter
Adult Education Segment Profitability improved for the ninth consecutive quarter • Net sales increased by 1.8 percent to SEK 501 million (492), Quarter results (SEK m) 2025/26 2024/25 Change mainly attributable to higher volumes in Higher Vocational Net sales 501 492 1.8% Education and Labour Market
Slide 20: Q2 Financial position
Q ? Financial position fAcademedia 20
Slide 21: Strong free cash flow can fund investments in current operations and growth
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 1 600 100% 1 200 4,0% 86% 2,8% 1 400 90% 75% 1 000 3,0% 75% 80% 2,0% 2,2% 2,1% 70% 71% 121 1,8% 1,8% 1 200 66%
Slide 22: Financial position remains strong
Financial position Financial position remains strong 2025/26 2024/25 SEK m 31 Dec 31 Dec Change • Net debt including and excluding IFRS 16 was lower than Total equity (excl IFRS 16) 7,293 6,901 5.7% last year. Net debt (excl IFRS 16) 807 1,095 -26.3% • Leverage ratio (excl IFRS 16) was below last ye
Slide 23: Growth and Profitability within the financial targets
Financial performance vs Revised targets Growth and Profitability within the financial targets Q2 R12M 25/26 Financial Targets (Q2 R12M 24/25) • Annual revenue growth rate of 5-7% including organic growth 5.3% Growth 5-7% and smaller bolt-on acquisitions but excluding larger strategic acquisitions a
Slide 24: Q&A
Q&A 24
Slide 25: 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 26: change through education
Academedia change through education