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Nido Education Limited (ASX:NDO)

ALERT: Price-sensitive ASX Announcement for NDO
Current share price for NDO : $0.355 -0.225 (-38.79%)+
Announcement
Release
25 Nov 2025 9:09AM
Price at Release
$0.580
Full Release
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Summary
Nido Education Limited announced an agreement to acquire two incubator services in December 2025 for approximately $7 million. These services have occupancy rates above 90%, with one service operating for 18 months and the other for over two years. Settlement is expected in December 2025. To support its growth strategy, Nido has extended its acquisition facility by $30 million and increased its bank guarantee facility to $15 million, providing an additional $33 million in acquisition headroom. This expansion allows Nido to target further acquisitions and continue its incubation growth strategy, which requires services to reach $5,500 EBIT per place and maintain an 80% average occupancy over six months before exercising a call option at 4.5x EBIT.
Key Points
  • Nido Education Limited to acquire two incubator services for $7 million.
  • Acquired services have occupancy rates above 90%.
  • Settlement planned for December 2025.
  • Nido extended acquisition facility by $30 million.
  • Bank guarantee facility increased to $15 million.
  • $33 million in acquisition headroom available.
  • Nido's growth strategy focuses on incubation with specific EBIT and occupancy targets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.