Nexted Group Limited · ASX:NXD
Nexted — Investor Presentation (February 2026)
24 slides from Nexted's investor presentation, Feb 25, 2026
Slide 1: H1 FY26 Results Presentation
H1 FY26 Results Presentation 25 February 2026
Slide 2: Today’s presenters
Today’s presenters Mark Kehoe Andrew Nye CEO CFO/COO
Slide 3: Contents
Contents Highlights 4 Operating Performance 6 Financial Results 8 Appendices 16
Slide 4: H1 FY26 – NXD positioned for growth
H1 FY26 – NXD positioned for growth Profitability Materially Improved Structural Cost Reset ▪ Underlying EBITDA 1 $6.7m, +16.7% vs pcp ▪ Operating costs down 9% vs pcp ▪ NPAT loss reduced 92% ▪ Permanent cost reductions embedded ▪ Leaner operating platform Higher Quality Revenue Mix Cash Generative.
Slide 5: Financial Summary
Financial Summary Revenue Underlying EBITDA1 NPAT(Loss) $45.7m $6.7m ($0.7m) (2.0%) 16.7% 92.0% ($0.9m) $1.0m $7.6m Cash Operating Cashflows $16.0m $3.0m 16.2% 214.1% $1.0m $2.2m All figures shown are for the half year ended 31 December 2025 and compared to previous corresponding period, 31 December
Slide 6: International Education: Growing share. Diversifying Revenue.
International Education: Growing share. Diversifying Revenue. Market Share Growth International Student Mix by Course at Period End ELICOS Market Share1 VET Market Share1 6.9% 7.0% 12.0% 2.7% 18.6% 21.7% 26.2% 22.0% 34.1% 40.5% 1.6% 66.9% 17.1% 37.1% 25.6% 111.6k2 65.7k 2 349.6k2 328.7k2 Dec Dec Dec
Slide 7: AI Driving Operating Leverage & Student Value
AI Driving Operating Leverage & Student Value What is being Implemented Why it Matters ▪ Delivered savings of ~$0.3m in Greenwich, with ▪ Operational efficiency and cost leverage further automation underway ▪ Enhanced student recruitment, retention, ▪ OpenAI Codex integrated into AIT IT degree conve
Slide 8: Financial Performance
| Financial Performance
Slide 9: Financial Performance
Financial Performance 31 December 31 December Variance Variance $ '000 2025 2024 $ % Permanent cost out and operating discipline Revenue 45,661 46,592 (931) (2.0%) delivered a step-change in profitability Cost of sales1 (21,519) (21,693) 174 (0.8%) Gross profit 24,142 24,899 (757) (3.0%) ▪ Group rev
Slide 10: Business Unit Performance
Business Unit Performance 31 December 31 December Variance Variance Underlying EBITDA by Segment Dec 2025 ($M) $ '000 2025 2024 $ % 10.0 0.7 9.0 1.8 0.2 8.0 International 33,826 33,501 325 1.0% 7.0 6.2 Technology and design 4,899 5,567 (668) (12.0%) 6.0 (2.2) Domestic vocational 3,474 4,382 (908) (2
Slide 11: Cost Base Reset
Cost Base Reset 27.6 26.3 Lean operating platform established; property 24.8 optimisation continues 23.2 22.8 ▪ Permanently removed $4.8m (17.4%) from total cost base vs H124 ▪ Salary costs lower vs pcp from benefit of H225 restructuring ▪ 3 sub-lease arrangements executed in Q326; ~$0.5m p/a future
Slide 12: Balance Sheet
Balance Sheet 31 December 30 June Variance Variance $ '000 2025 2025 $ % Balance sheet reflects normal H1 seasonality, with Cash 15,959 18,895 (2,936) (15.5%) strong cash balance retained Other current assets 23,717 26,411 (2,694) (10.2%) Current assets 39,676 45,306 (5,630) (12.4%) ▪ Negative worki
Slide 13: Cashflow
Cashflow 31 December 31 December Variance Variance Negative Net Working Capital ($M) $ '000 2025 2024 $ % Receipts from customers 40,185 42,251 (2,066) (4.9%) Payments to suppliers and employees (37,426) (41,556) 4,130 (9.9%) Other operating cash outflows 266 268 (2) (0.7%) Net cash from operating a
Slide 14: NextEd: Stronger. Scalable. Focused on Growth
NextEd: Stronger. Scalable. Focused on Growth Delivered in H126 Focused on Scaling Growth ▪ Underlying EBITDA +16.7%; NPAT loss reduced ▪ Expand international market share ▪ Permanent cost base efficiencies embedded ▪ Deepen vocational and HE penetration ▪ $3.0m operating cash flow; $16.0m cash; no
Slide 15: Thank You
Thank You Mark Kehoe Andrew Nye Level 2, 7 Kelly Street Chief Executive Officer Chief Financial Officer Ultimo NSW 2007 mark.kehoe@nexted.com.au andrew.nye@nexted.com.au nexted.com.au
Slide 16: Appendices
Appendices ▪ AASB 16 Reconciliation ▪ Non-IFRS Information ▪ Segment Comparatives
Slide 17: AASB 16 Reconciliation
AASB 16 Reconciliation 31 December 31 December AASB 16 31 December 31 December AASB 16 Post AASB 16 Post Pre AASB 16 Pre Impact Impact AASB 16 AASB 16 $ '000 2025 2025 2025 2024 2024 2024 Variance Variance Variance Variance Post AASB 16 Pre AASB 16 $ Post AASB 16 Pre AASB 16 $ $ % $ % Revenue 45,661
Slide 18: Non IFRS Information
Non IFRS Information 31 December 31 December $ '000 2025 2024 Net profit / (loss) after tax (661) (8,300) Less: Income tax benefit 1 308 Net profit / (loss) before tax (662) (8,608) Add back: Impairment of intangible assets 1 (364) 5,339 Depreciation and amortisation 6,275 7,216 Net finance expenses
Slide 19: Segment Comparatives Restated
Segment Comparati ves Restated 31 December 31 December ▪ Revenue comparatives adjusted to reflect the 2024 2024 Variance Variance elimination of intercompany revenues against $ '000 Restated Previously $ % Reporting Reported the relevant business unit ▪ Segment results have been reported under the I
Slide 20: International
International Revenue and Underlying EBITDA ($M) Student Numbers at Period End 7,811 7,053 6,773 687 6,668 33.8 33.5 488 168 6,092 1,483 797 1,021 429 1,846 1,325 1,465 1,957 3,262 2,078 2,701 4,719 3,627 2,260 2,379 6.2 6.6 1,705 Dec Jun Dec Jun Dec Dec 2025 Dec 2024 2023 2024 2024 2025 2025 Revenu
Slide 21: Technology and Design
Technology and Design Revenue and Underlying EBITDA ($M) Student Numbers at Period End 5.6 4.9 638 577 580 528 516 1.8 0.2 Dec Jun Dec Jun Dec Dec 2025 Dec 2024 2023 2024 2024 2025 2025 Revenue Underlying EBITDA 5.4% 26.7% 46.4% International Revenue Mix Revenue Mix AIT Revenue Mix AIT 1H26 53.6% Do
Slide 22: Domestic Vocational
Domestic Vocational Revenue and Underlying EBITDA ($M) Student Numbers at Period End 4.4 3.5 613 564 366 376 385 0.7 0.2 Dec Jun Dec Jun Dec Dec 2025 Dec 2024 2023 2024 2024 2025 2025 Revenue Underlying EBITDA 3.0% 6.2% 13.7% 7.9% Health and care Revenue Mix Health and care Revenue Mix ISCD 1H26 ISC
Slide 23: Go Study
Go Study 1.2% 1.6% Revenue and Underlying EBITDA ($M) 3.5 5.6% Australia 6.7% 3.1 Italy 9.6% Spain Students by Country Mexico 10.7% 64.6% France Chile 0.7 0.4 Hong Kong Dec 2025 Dec 2024 Revenue Underlying EBITDA 35.4% 36.5% Onshore Revenue Mix Revenue Mix Onshore 1H26 Offshore 1H25 Offshore 64.6% 6
Slide 24: Important Notice and Disclaimer
Important Notice and Disclaimer Summary Information 19 pandemic), and which may cause actual results to differ materially from those expressed or implied in such statements. Readers are cautioned not to place undue reliance on forward looking statements. This Presentation contains summary informatio