• Up to 5,690,718 shares, representing 10% of issued capital
• Buyback to commence on or around 9 September 2025 for 1 year
• Buyback price no more than 5% above 5-day VWAP

Kip McGrath Education Centres Limited (ASX: KME) has announced its intention to undertake an on-market share buyback of up to a maximum of 5,690,718 shares, representing 10% of its ordinary shares on issue. The buyback program will comply with the '10/12' limit under the Corporations Act 2001 and will be executed at the company's discretion through on-market purchases over the next 12 months, commencing on or around 9 September 2025. The share buyback price will be no more than 5% above the volume weighted average price of the company's shares over the five trading days prior to the purchase. The timing and actual number of shares purchased, as well as other matters relating to the buyback, will depend on the prevailing share price, market conditions, available cash, forecast future capital requirements, and any other considerations including any unforeseen circumstances. The company reserves the right to vary, suspend, or terminate the buyback at any time, and there is no guarantee that the company will purchase any or all of the shares referred to. Veritas Securities Limited has been appointed as the company's transaction broker for the on-market buyback.

The company states that with a cash balance of $4.9 million as at 30 June 2025, no debt, and strong cashflow expected in FY26 on the back of improved profitability, the buyback is intended to deliver higher earnings per share to shareholders.