Nido Education (ASX: $NDO) Investor Update Highlights

Nido Education Limited (ASX: $NDO) has released its CY24 investor update, forecasting a $26.3m AEBITDA and $17.8m NPAT. The update also highlights a 78% spot occupancy as of 12 May 24 and the management of 100 new early school sites in the pipeline.

Executive Commentary on Nido Education's CY24 Investor Update

Nido Education acknowledges the critical role of early childhood education and care in lifelong learning and wellbeing. The company respects the dedication of educators and teachers, emphasizing their positive impact on communities. The forecasts and forward-looking statements in the investor update are based on estimates and assumptions subject to uncertainties and contingencies. Nido's dividend policy aims to distribute up to 65% of NPAT, paid annually post the full year results of CY24.

Summary of Nido Education's CY24 Investor Update

Nido Education's CY24 investor update forecasts a $26.3m AEBITDA and $17.8m NPAT, in line with Prospectus forecast. The company anticipates a peak of 89% occupancy in November 24 and plans to manage 100 new early school sites in the pipeline, requiring a significant investment. Despite near-term delays in early school openings, Nido remains optimistic about its long-term growth. The company's purpose, mission, and vision focus on supporting teachers and delivering quality early education. Nido's unique growth model and funding strategies position it for future expansion and acquisition opportunities.