• Nido Education Limited reports strong financial results for FY2024
• 96% of owned and managed services met or exceeded the National Quality Standard
• Nido opened 12 new services in incubation and extended management of 34 additional services

Nido Education Limited presented its Annual Report for the financial year ended 31 December 2024, highlighting the company's strong operational and financial performance. The disciplined execution of Nido's unique operating and growth model resulted in earnings before interest, tax, depreciation and amortisation (pre-AASB 16 EBITDA) of $22.0 million, a significant turnaround from the $15.4 million loss in the previous year. Similarly, the company reported a net profit after tax (pre-AASB 16 NPAT) of $19.5 million, compared to a $14.9 million loss in 2023. Nido's commitment to delivering quality education was reflected in the fact that 96% of its owned and managed services met or exceeded the National Quality Standard, outperforming the sector average of 90%. The company also continued to develop its incubation pipeline, with 12 new services in incubation as of 31 December 2024, and extended the management of an additional 34 services, which will deliver $3.4 million in revenue through to 30 June 2026. Nido's Board and management team acknowledged the critical role of the company's passionate educators and teachers in driving the organization's success, and the importance of integrating environmental, social, and governance (ESG) values into everyday practices to foster a sense of responsibility in children, families, and educators.

Nido Education Limited reported pre-AASB 16 EBITDA of $22.0 million and pre-AASB 16 NPAT of $19.5 million for the financial year ended 31 December 2024.

Nido Education Limited sees significant potential for growth in the child care and early learning sector, with a growing awareness and appreciation of the benefits of structured early childhood education. The company is well-positioned to capitalize on this demand through its unique operating and growth model, and its commitment to delivering quality education and fostering community connections.