• Completed operational reset, delivered step-up in performance
• Revenue resilient, underlying EBITDA up 16.7% YoY
• Net loss reduced materially, operating cash flow up 200%
• Focused on disciplined growth, portfolio resilience and long-term value

NextEd Group Limited (ASX: NXD) today announced its results for the half year ended 31 December 2025. During H1 FY26, the company completed its operational reset and delivered a clear step-up in performance across key financial and operating metrics. Revenue was resilient at $45.7 million (-2.0% YoY), underlying EBITDA increased to $6.7 million (+16.7% YoY), the net loss reduced materially to $0.7 million (from $8.3 million in H1 FY25), and operating cash flow increased 200% to $3.0 million. These results reflect the reduced cost base, tighter working capital discipline and improved operational control. Over the last 12 months, NextEd has created the platform for growth and is now entering the next phase of its strategy focused on disciplined growth, portfolio resilience and long-term value creation. Management is focused on sustained execution and leveraging the Group's scale, reputation and premium footprint to drive performance. This includes growing VET student enrolments to further diversify revenues, continuing to take market share, and lifting margins, while improving campus utilisation across the network. Near-term priorities include expanding future skills course offerings, adapting learning environments to evolving student needs, and broadening delivery formats including short courses, online and blended learning. AI will be a defining enabler and disruptor across the education sector, and NextEd's collaboration with OpenAI positions the Group at the forefront of practical AI-enabled teaching, learning and education operations.

NextEd Group expects to deliver continued growth in revenue, underlying EBITDA and operating cash flow in FY26.

The company is focused on disciplined growth, portfolio resilience and long-term value creation, leveraging its scale, reputation and premium footprint to drive performance across its education business.