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Nine Month Trading Update Thursday 22nd October 2026
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Except for the historical information contained herein, the matters discussed in this presentation include forward-looking statements. In particular, all statements that express forecasts, expectations and projections with respect to future matters, including trends in results of operations, margins, growth rates, overall market trends, the impact of interest or exchange rates, the availability of financing, anticipated costs savings and synergies and the execution of Pearson's strategy, are forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will occur in future. They are based on numerous assumptions regarding Pearson's present and future business strategies and the environment in which it will operate in the future. There are a number of factors which could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including a number of factors outside Pearson's control. These include international, national and local conditions, as well as competition. They also include other risks detailed from time to time in Pearson's publicly-filed documents and you are advised to read, in particular, the risk factors set out in Pearson's latest annual report and accounts, which can be found on its website (plc.pearson.com ). Any forward-looking statements speak only as of the date they are made, and Pearson gives no undertaking to update forward- looking statements to reflect any changes in its expectations with regard thereto or any changes to events, conditions or circumstances on which any such statement is based. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements 2
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Key Takeaways Good 9M performance, with growth accelerating in Q3 On track for Full Year 2026 guidance Disciplined capital allocation to drive long-term shareholder value Optimising Pearson’s structure to drive growth 3
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NINE MONTH TRADING UPDATE Good nine-month performance, with grow accelerating in Q3, as expected UNDERLYING REVENUE GROWTH1 9M YTD Group +5% BY BUSINESS UNIT Assessment & Qualifications +4% Virtual Learning +17% English Language Learning (4)% Enterprise Learning & Skills +7% Higher Education +2% KEY DRIVERS Growth of 10% in Q3, driven by new contracts and strong demand for the verification of AI skills +8% enrolment growth for Fall semester – underpins academic year Tough PTE market conditions - we continue to perform well Continued growth with strategic partners, solid Vocational Qualifications performance Solid performance in core Courseware, taking action to improve further 1 Underlying growth rates exclude currency movements, and portfolio changes. Q3 +6% 4
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NINE MONTH TRADING UPDATE On track to deliver Full Year 2026 guidance: narrowing the profit range Mid-single digit Underlying rev. growth1 £650-675m Adj. operating profit2 90-100% Free cash flow conversion 1 Underlying growth rates exclude currency movements, and portfolio changes. 2 At FX rates as at the end of 2025 (£:$1.35). Driven by the RESILIENCE of Pearson’s portfolio and our role as VERIFICATION INFRASTRUCTURE for skills globally 5
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NINE MONTH TRADING UPDATE Accelerating growth through disciplined, strategic M&A Trusted assessment technology partner, brought in house HOW IT HELPS US GROW • Broadens our assessment services • Opens growth adjacencies in mid- stakes assessment and international markets • Opportunity to unlock cost synergies AI-native skills intelligence platform that measures and verifies workforce skills HOW IT HELPS US GROW • Creates a more comprehensive skills product portfolio • Expands blue-chip customer base • Talented AI-native team Note: Workera expected to close in 4Q26 OUR CORE BUSINESS OUR MEDIUM-TERM GROWTH VECTORS Career and technical education curriculum provider across 40+ career pathways HOW IT HELPS US GROW • Leader in career skills space • Broadens capabilities in career- readiness solutions • Clear cross-sell opportunity across K-12 and post-secondary Assessment & Verification Enterprise Skilling Early Careers Acquired 2026 Acquired 2026 Acquired 2025 6
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Optimising Pearson’s structure to drive growth 7
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NINE MONTH TRADING UPDATE Simpler organisation and new operating model to drive growth TODAY Assessment & Qualifications Virtual Learning Enterprise Learning & Skills English Language Learning Higher Education Multiple customer interfaces, separate sales motions, fragmented platforms and resources FUTURE US K12 US HE UK & Int Education Enterprise Strengthening and standardizing core capabilities Structure that unlocks full potential 20+ sub-units, each with its own corporate functions, vendors, tech and processes Four customer-led business units, with clearer accountability, bringing teams and offerings closer to end markets = Offering 8
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Focused organisational design, centred around customers and growth Customer-led businesses US K12 US Higher Education UK & International Education Learning Institutions Assessment & Verification Remains at the Core of Pearson Product and services Greater alignment of customer offerings and product investment decisions made closer to end customers Business development Building capability to support clearer ownership of strategic customers and growth opportunities Commercialisation More consistent selling approach with stronger data, incentives and routes to market Customer service and delivery A simpler, more joined-up experience that supports deeper customer relationships and removes duplication Investing in core capabilities to unlock growth Enterprise NINE MONTH TRADING UPDATE c.£1.2bn c.£0.6bn c.£0.8bn c.£1.0bn Figures above represent approximate FY25 revenue Enterprises 9
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NINE MONTH TRADING UPDATE Growth Sharpening customer focus to drive growth Performance Strengthening core capabilities to improve our performance Agility Reducing fragmentation and improving processes to drive speed and efficiency Simplicity Clearer visibility of growth drivers and progress New approach unlocks full potential for Pearson Better for sustained growth Better for customers Better for our business Simpler for investors 10
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Key Takeaways Good 9M performance, with growth accelerating in Q3 On track for Full Year 2026 guidance Disciplined capital allocation to drive long-term shareholder value Optimising Pearson’s structure to drive growth 11
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Appendix 12
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NINE MONTH TRADING UPDATE Customer focused units, with assessments and verification infrastructure at the core Learning Institutions Enterprises US K12 US Higher Education UK & International Education Enterprise c.£1.2bn c.£0.6bn c.£0.8bn c.£1.0bn K12 Assessments Virtual Schools College & Career Ready Special Education US Higher Education Qualifications Learning & Assessment Services Professional Assessments Talent & Clinical Assessments Workforce Skilling Assessment & Verification Remains at the Core of Pearson CUSTOMER GROUPS BUSINESS UNITS INDICATIVE FY25 REVENUE OFFERINGS 13
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