• Nido completes acquisition of an Incubator Child Care Service
• Acquired Service has 82 licenced places, opened in Aug 2023
• EBIT (pre-AASB16) impact of $0.5m in CY2026

Nido Education Limited (ASX: NDO) has completed the acquisition of a child care service from its incubation pipeline for $2.4 million. The acquired service has 82 licensed places and opened in August 2023. The acquisition is expected to contribute $0.5 million in EBIT (pre-AASB16) in calendar year 2026. Nido has a further 16 trading services in incubation, 42 sites either in construction or finalising legal agreements, and a further 50 sites incubator approved and moving to finalising commercial terms. The pipeline remains strong with circa 100 to 150 new opportunities considered every month. Nido's incubation model involves acquiring high-performing, purpose-built services, each fully approved and Nido designed, then managed by Nido from day one. This allows Nido to grow off-balance-sheet in a controlled, capital-efficient way. For each acquisition, Nido has the option to acquire at a 4.5x EBIT multiple once acquisition metrics are met. Because Nido commissions and opens every service itself, there is no integration risk after acquisition, and quality remains consistent across the network.