Appendix 4D & Interim Financial Report

• Revenue of $45.7 million, 2.0% lower than prior period
• Underlying EBITDA of $6.7 million, 16.7% higher than prior period
• Net loss after tax of $0.7 million, a significant improvement on prior period

NextEd Group Limited has reported its financial results for the half-year ended 31 December 2025 (H1 FY26), reflecting an important period of execution and consolidation for the company. Revenue for the period was $45.7 million, a 2.0% decrease compared to the prior corresponding period, with growth in international student enrolments across certain high-demand vocational courses offsetting lower English language enrolments. The company's Underlying EBITDA increased by 16.7% to $6.7 million, supported by continued delivery of structural cost reductions and a stable gross margin of 52.9%. The net loss after tax of $0.7 million represents a significant improvement on the prior corresponding period, which was impacted by non-cash impairments. Operating cash flows for the period were $3.0 million, $2.0 million higher than the prior corresponding period, reflecting continued improvements in working capital management and the ongoing benefits of cost reduction initiatives. NextEd is now entering the next phase of its strategy, with a focus on disciplined growth, portfolio resilience and long-term value creation, including the continued integration of artificial intelligence into its education delivery.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.

NextEd is now entering the next phase of its strategy, with a clear focus on disciplined growth, portfolio resilience and long-term value creation. The company's near-term priorities include expanding course offerings aligned to future skills requirements, adapting learning environments to better meet evolving student needs, and broadening delivery formats such as short courses, online and blended learning. The continued integration of artificial intelligence into education delivery is expected to be a key enabler across the sector, and NextEd's collaboration with OpenAI positions the group as a leader in the practical application of AI in teaching and learning.