• Underlying EBITDA $6.7m, +16.7% vs pcp
• NPAT loss reduced 92%
• Revenue mix shifting toward higher margin vocational programs & HE pathways

Nexted Group Ltd (NXD.ASX) reported strong 1HFY26 results, with profitability materially improved. Underlying EBITDA increased 16.7% to $6.7m, while the NPAT loss was reduced by 92%. The company's revenue mix is shifting toward higher-margin vocational programs and higher education pathways, with student lifetime value (LTV) improving by 35% year-on-year. The company has also embedded permanent cost reductions, with operating costs down 9% versus the prior corresponding period. Nexted is now cash generative, with $16m in cash at the end of the period and no bank debt. The company is focused on expanding its international market share, deepening vocational and higher education penetration, increasing student LTV and retention, and leveraging AI for operational efficiency and product differentiation. With a stronger, more scalable platform and a disciplined capital allocation approach, Nexted is well-positioned for growth.

Nexted Group did not provide any high-importance, price-sensitive forward-looking financial metrics or guidance in the announcement.

Nexted Group is focused on scaling growth, with key priorities including expanding international market share, deepening vocational and higher education penetration, increasing student lifetime value and retention, targeting skill-shortage sectors aligned to workforce demand, leveraging AI for operational efficiency and product differentiation, and maintaining disciplined capital allocation.