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Nido Education Limited (ASX:NDO)

ALERT: Price-sensitive ASX Announcement for NDO
Current share price for NDO : $0.380 -0.215 (-36.13%)+
Announcement
Release
8 Dec 2025 9:42AM
Price at Release
$0.595
Full Release
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Summary
Nido Education Limited announced the acquisition of two Incubator Child Care Services for $6 million, advancing its incubation growth strategy. These services, located in New South Wales and Western Australia, have high occupancy rates and are expected to impact Nido's EBIT by $1.3 million in 2026. Nido aims for a sustainable incubation model by achieving specific EBIT and occupancy thresholds before exercising call options.
Key Points
  • Nido Education Limited has completed the acquisition of two Incubator Child Care Services for $6 million.
  • The services acquired have an occupancy rate above 90%, with one service operating for 18 months and the other for over 2 years.
  • The estimated EBIT impact for CY2026 is $1.3 million.
  • Nido maintains its incubation growth strategy requiring a $5,500 EBIT per place and an average occupancy of 80% over six months to exercise a call option at 4.5x EBIT.
  • The services are located in New South Wales and Western Australia.
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.