Page 1

AcadeMedia AB (publ) Interim Report July 2026 – September 2026 • Net sales increased by 14.1 percent, of which 4.8 percent was organic • Continued strong growth – two international acquisitions during the quarter • Positive developments in reading results among students in the early grades

Page 2

Q1 Interim Report 2026/27 2 Q1 Interim Report 2026/27 Summary of the first quarter (July 2026 - September 2026) • Net sales increased by 14.1 percent (6.7) and amounted to SEK 4,679 million (4,101). Organic growth, including bolt-on acquisitions, was 4.8 percent (6.4). • Operating profit (EBIT) amounted to SEK 343 million (292). • Adjusted EBITA, adjusted for items affecting comparability and IFRS 16, amounted to SEK 215 million (182). Items affecting comparability amounted to SEK -8 million (-). • Profit for the period amounted to SEK 126 million (82). • Diluted earnings per share was SEK 1.31 (0.82). Adjusted for the effects of IFRS 16, diluted earnings per share was SEK 1.61 (1.13). • The average number of children and students in preschool, compulsory school and upper secondary school during the quarter increased by 7.4 percent and amounted to 121,436 (113,083). Summary of the First quarter First Quarter R12 Full Year SEK m 2026/27 2025/26 Change Oct 25 – Sep 26 2025/26 Net sales 4,679 4,101 14.1% 20,939 20,360 Organic growth, % 4.8% 6.4% -1.6, p.p. 5.4% 5.8% Operating profit (EBIT) 343 292 17.5% 1,998 1,947 EBIT margin, % 7.3% 7.1% 0.2, p.p. 9.5% 9.6% Adjusted EBITA1 215 182 18.1% 1,550 1,516 Adjusted EBITA margin, % 4.6% 4.4% 0.2, p.p. 7.4% 7.4% Net financial items -171 -186 8.1% -715 -730 Profit for the period 126 82 53.7% 1,000 955 Earnings per share, diluted (SEK) 1.31 0.82 59.2% 10.51 9.72 Free cash flow 195 -111 -275.7% 1,572 1,266 Number of students2 121,436 113,083 7.4% 117,359 115,270 Number of full-time employees3 18,490 17,073 8.3% n.m. 17,745 1 The key performance indicators Adjusted EBITA and Adjusted EBIT A are performance measures adjusted for items affecting comparability and with lease agreements excluding IFRS 16. This means that leases of real estate are recognised as rent and not as finance leases . 2Excl. adult education. See definitions on pages 33-34. 3Preliminary figures for the current quarter

Page 3

Q1 Interim Report 2026/27 3 CEO’s comments “We invest in the future – in learning, quality and attractive educational environments.” The first quarter was characterised by continued stable development and a high level of activity across AcadeMedia. We continue to combine growth with a clear focus on quality and long-term sustainability. During the period, we took important steps in our Swedish operations through significant investments in new learning environments, while our international expansion continues through the platforms we have established in the UK and Poland. Solid start to the Financial Year Net sales in the first quarter amounted to SEK 4,679 million (4,101), representing growth of 14.1 percent. Organic growth was 4.8 percent. Adjusted EBITA amounted to SEK 215 million (182), corresponding to a margin of 4.6 percent (4.4). Overall, the quarter showed stable development. At the same time, we continue to invest in our operations to meet future needs, strengthen quality and create the conditions for sustainable long-term growth. The investments now coming into operation are the result of long-term efforts and demonstrate our ability to develop attractive education offerings and modern learning environments. Significant Investments in New Learning Environments At the start of the new school year, Malmö Kreativa Campus opened, representing one of AcadeMedia’s larger investments in a new learning environment. The campus accommodates approximately 1,000 upper secondary school students, with an investment of around SEK 380 million. The modern and creative environment provides students with access to purpose-built facilities and strengthens the link to further studies and working life. In Västerås, we opened the doors to a new centrally located upper secondary school campus, bringing four upper secondary schools together in shared premises. The campus provides students with access to a broader range of educational programmes and an attractive learning environment. At the same time, Hagströmska upper secondary school in Falun relocated to new premises in the city center. The new location strengthens our upper secondary school offering and meets demand for educational programmes that enable students to combine their studies with a focused commitment to sports. Together, these three investments demonstrate how we continue to invest in modern, high-quality learning environments with distinct educational profiles. Every word counts – early interventions deliver results In our Swedish compulsory schools, we continue our work with the ‘Every Word Counts’ initiative, which aims to ensure that all children are able to read by the end of Year 1. This year, 93 percent of pupils achieved the target, compared with 90 percent in the previous year. This is a clear improvement and an important confirmation of the value of systematic early intervention during the first years of school. Too many children with reading difficulties are identified too late. By the time the first national tests are conducted, valuable time has already been lost. By monitoring pupils reading development from the start of school and providing support at an early stage, we can give more children the foundation they need for continued learning. Every Word Counts is therefore both a matter of quality and of ensuring equal opportunities for every child. Positive development in Adult Education Adult Education has had a stable start to the financial year, with earnings improving compared with the previous year. The development is supported by stable demand in higher vocational education, where new classes started during the quarter. This gives more participants the opportunity to study in areas where there is strong demand for skills in the labour market, while also contributing positively to the segment’s development. At the same time, the persistently high unemployment rate highlights the need for education and reskilling. A stronger labour market would give more people the confidence to take the step and retrain. New platforms for international growth On 1 October, we completed the acquisition of Kids&Co. in Poland. The company is Poland’s largest international preschool operator and provides us with an attractive platform in a large and growing market. The integration has begun, with a focus on building on the company’s strong local position, high quality and opportunities for further expansion. In the UK, we continue to develop Chestnut Nursery School, which was acquired in June. Chestnut gives us an established presence in East London, Norfolk and Cambridge and provides a platform for growth through both new establishments and add-on acquisitions. Our priority is to grow while maintaining high quality and a strong local presence. Together, our operations in Poland and the UK strengthen our international position and broaden the Group’s long-term growth opportunities. Our strategy remains unchanged, combining organic growth with selective acquisitions in markets where we can contribute our expertise while also learning from strong local operators. Focus on execution and quality As we move forward into the financial year, our focus remains on disciplined execution of our investments, the continued integration of completed acquisitions and systematic quality improvement across all our operations. Our investments in new campuses and schools, our work on early literacy and our expansion into new international markets all share the same objective: to create the best possible conditions for children and students and, in doing so, build long-term value. Welcome back, and thank you for your commitment As we begin a new school year, I would like to warmly welcome all our students, both those returning and those who are new to our schools. I would also like to welcome back all our employees and take this opportunity to thank you for your commitment and the work you do every day. It is your efforts that make our progress possible and ensure that quality remains at the heart of everything we do, even as we continue to grow and develop. Marcus Strömberg President and CEO AcadeMedia AB (publ)

Page 4

Q1 Interim Report 2026/27 4 Development in the first quarter (July 2026 - September 2026) Volume development and net sales Net sales in the fourth quarter increased by 14.1 percent to SEK 4,679 million (4,101). Organic growth, including smaller bolt-on acquisitions, amounted to 4,8 percent, while currency effects impacted net sales by 1.0 percent. The average number of children and students, excluding the Adult Education Segment, increased by 7.4 percent to 121,436 (113,083). Adjusted EBITA and operating profit (EBIT) Adjusted EBITA was SEK 215 million (182) and the adjusted EBITA margin was 4.6 percent (4.4). Operating profit (EBIT) was SEK 343 million (292), corresponding to an EBIT margin of 7.3 percent (7.1). Adjusted EBITA and margin were higher than last year. The improvement was primarily driven by the Preschool & International segment, with positive contributions also from the Compulsory Schools segment and Adult Education. In the Preschool & International and Compulsory Schools segments, earnings benefited from acquisitions, as well as from higher volumes in the German operations. Items affecting comparability Quarter SEK m 2026/27 2025/26 Acquisition and integration costs (preschool, (Psch. & Int.) -8 - Total -8 - Items affecting comparability during the period amounted to SEK -8 million (-), relating to acquisition and integration costs. Acquisitions, divestments, new establishments, and discontinued operation During the quarter, AcadeMedia acquired the Dutch school operator Florencius, with three units, and the Dutch preschool group Kindernet, with 40 units. The acquisition of the Polish preschool operator Kids&Co., with 34 units, was completed on 1 October. In the graph, the EBITA margin is presented excl. IFRS 16. Summary of the fourth quarter by segment Number of students (average) Net sales, SEK m Adj. EBITA, SEK m Adj. EBITA margin EBIT, SEK m EBIT margin 2026/27 2025/26 2026/27 2025/26 2026/27 2025/26 2026/27 2025/26 2026/27 2025/26 2026/27 2025/26 Preschool & International 40,510 36,371 1,961 1,583 32 0 1.6% 0.0% 21 -3 1.1% -0.2% Compulsory School 34,375 30,236 1,065 904 63 49 5.9% 5.4% 63 49 5.9% 5.4% Upper Secondary School 46,551 46,476 1,212 1,193 50 65 4.1% 5.4% 49 64 4.0% 5.4% Adult Education -1 -1 442 421 85 79 19.2% 18.8% 82 77 18.6% 18.3% Group OH and adj. - - 0 0 -15 -12 - - -15 -12 - - Impact from IFRS 162 - - - - - - - - 143 117 - - Total 121,436 113,083 4,679 4,101 215 182 4.6% 4.4% 343 292 7.3% 7.1% 1 Adult education volume is not measured by the number of participants as the length of the programmes varies from single occas ions to academic years. 2 Please see note 2 for information on how application of IFRS 16 impact the financial reports.

Page 5

Q1 Interim Report 2026/27 5 Cash flow and financial position In the cash flow analysis below, lease payments attributable to property leasing are reported as part of operating activities. According to IFRS 16, lease payments are reported as part of the financing activities. Please see note 2 for reconciliation with the financial reports. Cash flow adjusted for lease payments First Quarter R12 Full Year SEK m 2026/27 2025/26 Oct 25 – Sep 2026 2025/26 Cash flow from operating activities before changes in working capital 233 236 1,631 1,634 Cash flow from changes in working capital 107 -258 287 -78 Cash flow from operating activities 340 -22 1,918 1,556 Investments related to existing operations1 -145 -90 -345 -290 Investments related to expansion2 -186 -5 -1,320 -1,139 Cash flow from investing activities -332 -95 -1,665 -1,429 Cash flow from financing activities3 -51 137 -153 35 CASH FLOW FOR THE PERIOD -43 20 100 162 Free cash flow4 195 -111 1,572 1,266 Cash flow from operating activities before changes in working capital amounted to SEK 233 million (236) in the first quarter. Cash flow from changes in working capital was SEK 107 million (-258), primarily attributable to the reversal of a receivable related to acquisitions in the Netherlands at the beginning of the quarter. Taxes paid amounted to SEK -107 million (-85). Cash flow from operating activities for the quarter was SEK 340 million (-22). Investments in existing operations¹ amounted to SEK -145 million (-90), resulting in free cash flow before expansion investments⁴ of SEK 195 million (-111). Expansion investments² for the period amounted to SEK -186 million (-5), mainly consisting of payments for acquisitions completed during the quarter. Cash flow from investing activities was SEK -332 million (-95). Cash flow from financing activities³ amounted to SEK -51 million (137). Overall, cash flow for the quarter amounted to SEK -43 million (20). 1 Investments related to existing operations include leasehold improvements, investments in equipment, investments in intangible non-current assets, investments in non-current financial assets, and divestment of non-current financial assets. 2 Expansion investments include acquisitions and investments in owned buildings, as well as divestments of such assets. During the quarter, investments in owned buildings amounted to SEK -16 million (-5). 3 Cash flow from financing activities includes leasing payments of computers amounting to -36 million (-41), and for the financial year to SEK -36 million (-180). 4 Free cash flow before expansion investments consists of cash flow from operating activities less investments in existing operations.

Page 6

Q1 Interim Report 2026/27 6 Financial position1 Including IFRS 16 Excluding IFRS 16 SEK m 2026-09-30 2025-09-30 2026-06-30 2026-09-30 2025-09-30 2026-06-30 Net debt 14,605 12,486 13,952 2,102 1,244 1,918 Property-related leasing liabilities 12,504 11,242 12,033 - - - Net debt/ adjusted EBITDA 3.2 3.0 3.2 1.0 0.7 0.9 Debt ratio (%) 56.6% 55.3% 57.0% 14.6% 10.1% 14.2% Equity/asset-ratio (%) 26.8% 28.7% 27.6% 51.8% 56.1% 53.5% Buildings* 1,650 1,155 1,580 1,650 1,155 1,580 Consolidated interest-bearing net debt1 including property-related leasing liabilities amounted to SEK 14,605 million (12,486), of which property-related leasing liabilities amounted to SEK 12,504 million (11,242). The increase compared to the previous year is due to expansion and the commencement of new lease agreements, the expiration and renewal of existing contracts, as well as indexation of current agreements. Financial expenses increased to SEK -212 million (-186) as a result of the increased leasing liabilities and higher interest rates. Interest expenses related to leasing of properties were SEK -181 million (-157, and interest expenses excluding leasing agreements were SEK -26 million (-16). Consolidated interest-bearing net debt1 excluding property-related leasing liabilities amounted to SEK 2,102 million (1,244) as of September 30, 2026. Property loans increased by SEK 291 million over the past 12 months to SEK 903 million (612). Adjusted for currency effects, property loans increased by SEK 230 million. During the same period, buildings increased by SEK 495 million to SEK 1,650 million (1,155). Net debt in relation to adjusted EBITDA1 (rolling 12 months) amounted to 1.0 (0.7), which meets the Group’s financial target of net debt in relation to adjusted EBITDA being lower than 3.0. Net debt in relation to adjusted EBITDA including IFRS 16 (rolling 12 months) amounted to 3.2 (3.0). *Implementation of IFRS 16 had a significant effect on AcadeMedia’s financial statements. By excluding the effects of IFRS 16, continuity is achieved in the KPIs above. See pages 34 and 35 for definitions. 2 266 1 797 1 222 987 825 1 020 953 1 918 2 102 2,4 1,7 0,9 0,7 0,6 0,6 0,5 0,9 1,0 0,0 0,5 1,0 1,5 2,0 2,5 3,0 0 500 1 000 1 500 2 000 2 500 18/19 19/20 20/21 21/22 22/23 23/24 24/25 25/26 26/27 Q1 Net debt exkl IFRS 16 Net debt exkl IFRS 16/ Adj. EBITDA

Page 7

Q1 Interim Report 2026/27 7 Preschool and International • Net sales increased by 23.9 percent and amounted to SEK 1,961 million (1,583), positively affected by acquisitions. Currency changes had a positive impact of 2.5 percent and the organic growth was 7.8 percent. • Adjusted EBITA increased to SEK 32 million (0). AcadeMedia’s Preschool and International Segment runs operations in Sweden, Norway, Finland, Germany, the Netherlands and UK. The segment had 578 units in the quarter whereof 103 preschools in Sweden, 106 preschools and 8 adult learning centres in Norway,119 preschools in Finland, 107 preschools, 7 compulsory schools, 7 upper secondary schools and adult education in Germany,86 preschools and 13 compulsory- and upper secondary schools, as well as an adult education campus in The Netherlands, and 21 preschools in the UK. Outcome for the fourth quarter The average number of children increased by 11.4 percent compared with the previous year and amounted to 40,510 (36,371). The increase was mainly driven by continued strong organic growth in Germany and acquisitions in the Netherlands as well as the UK. Net sales increased by 23.9 percent to SEK 1,961 million (1,583), of which acquisitions contributed 13.6 percent and organic growth was 7.8 percent. Currency changes had a positive impact of 2.5 percent. Adjusted EBITA was SEK 32 million (0) and the margin was 1.6 percent (-). The result was positively impacted by acquisitions, temporarily lower personnel costs due to higher vacation utilisation, and improved efficiency in the Swedish preschool operations. Items affecting comparability Items affecting comparability during amounted to SEK - 8 million (-), relating to acquisition and integration costs. Quarter MSEK 2026/27 2025/26 Acquisition and integration costs (preschool, (Psch. & Int.) -8 - Total -8 - Acquisitions, divestments, new establishments, and discontinued operation During the quarter, AcadeMedia acquired the Dutch school operator Florencius, with three units, and the Dutch preschool group Kindernet, with 40 units. The acquisition of the Polish preschool operator Kids&Co., with 34 units, was completed on 1 October. Financial overview1 First Quarter R12 Full Year SEK m 2026/27 2025/26 Change Oct 25 – Sep 26 2025/26 Net sales 1,961 1,583 23.9% 8,251 7,874 EBITA 24 0 -% 517 493 Items affecting comparability -8 - n.a. -15 -7 Adjusted EBITA 32 0 -% 532 500 Adjusted EBITA margin, % 1.6% - 1.6, p.p. 6.4% 6.4% Number of children and students 40,510 36,371 11.4% 39,412 38,378 Number of children and students 578 485 19.2% n.m. 500 The segments report property leasing in accordance with previous accounting practice (IAS 17). This entails that property lea se payments are recognised as rent and not as finance lease. 1 Additional financial information per segment is presented on pages 29-31.

Page 8

Q1 Interim Report 2026/27 8 Compulsory School • Net sales increased by 17.8 percent to SEK 1,065 million (904). • Adjusted EBITA was SEK 63 million (49). AcadeMedia's Compulsory School segment runs compulsory schools and integrated preschools in many municipalities in Sweden under the brands Innovitaskolorna, Montessori Mondial, Noblaskolorna, Pops Academy, Snitz, Vittra and Prolympia. Operations are based entirely on the school voucher system. The segment had 132 units during the quarter, where of 41 integrated preschools. Outcome for the fourth quarter The average number of students increased by 13.7 percent compared with the previous year and amounted to 34,375 (30,236). The acquisition of Prolympia contributed 14.6 percent to the increase in the number of students during the quarter. Adjusted for acquisitions and units under discontinuation, the number of students decreased by 0.9 percent, which was a better than the corresponding figure for Sweden as a whole. Net sales increased by 17.8 percent and amounted to SEK 1,065 million (904), mainly driven by the annual school voucher adjustment. Adjusted EBITA was SEK 63 million (49), corresponding to a margin of 5.9 percent (5.4). The quarterly result was positively impacted by the school voucher adjustment, acquisitions, higher vacation utilisation resulting in lower personnel costs, and the timing of material purchases. Our targeted initiatives in reading and language development to strengthen students’ progress have continued. Items affecting comparability There were no items affecting comparability during the period (-). Acquisitions, divestments, new establishments, and discontinued operation No acquisitions, divestments, new establishments or closures during the quarter. Financial overview1 First Quarter R12 Full Year MSEK 2026/27 2025/26 Change Oct 25 - sep26 2025/26 Net sales 1,065 904 17.8% 4,865 4,704 EBITA 63 49 28.6% 371 357 Items affecting comparability - - n.a. -5 -5 Adjusted EBITA 63 49 28.6% 376 362 Adjusted EBITA margin, % 5.9% 5.4% 0.5, p.p. 7.7% 7.7% Number of children and students 34,375 30,236 13.7% 32,080 31,045 Number of units 132 122 8.2% n.m. 125 The segments report property leasing excluding IFRS 16. This entails that property lease payments are recognised as rent and not as finance lease. 1 Additional financial information per segment is presented on pages 29–31.

Page 9

Q1 Interim Report 2026/27 9 Upper Secondary School • Net sales increased by 1.6 percent to SEK 1,212 million (1,193). • Adjusted EBITA was SEK 50 million (65). AcadeMedia's Upper Secondary School Segment provides upper secondary education throughout Sweden under 15 different brands, offering both academic and vocational programmes. The schools operate entirely based on the school voucher system. The segment had 145 units during the quarter. Outcome for the fourth quarter The number of students increased by 0.2 percent compared with the same period last year, amounting to 46,551 (46,476). Net sales increased by 1.6 percent to SEK 1,212 million (1,193), as a result of the annual school voucher revision and continued growth in student numbers. Adjusted EBITA amounted to SEK 50 million (65), representing a margin of 4.1 percent (5.4). The result was was negatively impacted by higher costs related to relocations to newly renovated premises and newly opened campuses, as well as quality initiatives introduced during the previous school year. Higher capacity utilisation had a positive impact on the result. Items affecting comparability There were no items affecting comparability during the period (-). Acquisitions, divestments, new establishments, and discontinued operation No acquisitions, divestments, new establishments or closures during the quarter. Financial overview1 First Quarter R12 Full Year SEK m 2026/27 2025/26 Change oct 25 – Sep 26 2025/26 Net sales 1,212 1,193 1.6% 5,906 5,886 EBITA 50 65 -23.1% 475 490 Items affecting comparability - - n.a. -13 -13 Adjusted EBITA 50 65 -23.1% 488 503 Adjusted EBITA margin, % 4.1% 5.4% -1.3, p.p. 8.3% 8.5% Number of children and students 46,551 46,476 0.2% 45,866 45,847 Number of units 145 145 - n.m. 145 The segments report property leasing excluding IFRS 16. This entails that property lease payments are recognised as rent and not as finance lease. 1 Additional financial information per segment is presented on pages 29–31.

Page 10

Q1 Interim Report 2026/27 10 Adult Education • Net sales increased by 5.0 percent to SEK 442 million (421). • Adjusted EBITA increased to SEK 85 million (79). AcadeMedia's Adult Education Segment is Sweden's largest provider of adult education with a presence in about 150 locations in the country. The segment works in three main customer groups: Municipal Higher Education (34 percent of net sales in the quarter), Higher Vocational Education (47) and Labour Market Services (13). Outcome for the fourth quarter Net sales increased by 5.0 percent and amounted to SEK 442 million (421). The increase is attributable to higher volumes within all business areas. Sales in Higher Vocational Education increased by 3 percent. In Municipal Adult Education, sales increased by 3 percent. Sales in Labour Market Services grew by 30 percent compared to the previous year, driven by increased volumes. Adjusted EBITA rose to SEK 85 million (79), corresponding to a margin of 19.2 percent (18.8). The improvement in results was mainly due to increased volumes in Higher Vocational Education and Labour Market Services. Operational changes and market development During the first quarter, the Swedish economy showed clearer signs of recovery following a prolonged economic downturn, although the labour market remained weak. The rise in unemployment has come to a halt, but the picture remains mixed, with no clear decline yet evident in broader labour market statistics. The National Institute of Economic Research’s September assessment and the compilation of forecasts from various forecasting institutions indicate that unemployment is expected to decline gradually through to 2028, although the decrease is projected to be somewhat smaller than in previous forecasts. The recovery has so far been driven primarily by productivity gains, meaning that the labour market is lagging behind. Skills mismatches persist, contributing to a continued need for education and training initiatives that support career transitions and help meet skills supply requirements. During the quarter, several initiatives continued to strengthen the links between economic activity, education and employment. At the same time, demands for quality, follow-up and labour market relevance in vocational education and training are increasing, while opportunities for adults to transition to new careers are expanding through greater use of transition study support. Overall, demand for vocational adult education, combined education and training programmes, and work-oriented skills development is expected to remain. Items affecting comparability There were no items affecting comparability during the period (-). Financial overview1 First Quarter R12 Full Year SEK m 2026/27 2025/26 Change Oct 25 – Sep 26 2025/26 Net sales 442 421 5.0% 1,916 1,895 EBITA 85 79 7.6% 265 260 Items affecting comparability - - n.a. - - Adjusted EBITA 85 79 7.6% 265 260 Adjusted EBITA margin, % 19.2% 18.8% 0.4, p.p. 13.8% 13.7% The segments report property leasing excluding IFRS 16. This entails that property lease payments are recognised as rent and not as finance lease. 1 Additional financial information per segment is presented on pages 28–30.

Page 11

Q1 Interim Report 2026/27 11 Quality AcadeMedia’s vision is to lead the development of the education of the future. To achieve this, one of our goals is to be a leader in learning, with our key indicator being “100% – everyone should succeed”. This can only be achieved by delivering the highest educational quality across all the areas in which the Group operates. At AcadeMedia, we therefore work systematically and purposefully to ensure and improve quality. We have a common quality management model, and our scale provides a strong foundation for driving development initiatives and facilitating the exchange of experience on a large scale. We are a learning organisation that is constantly evolving. “All AcadeMedia’s operations are part of a clear structure, with a common framework and a culture focused on continuous improvement, making us stronger together. We shall deliver high-quality teaching and strong goal attainment, both in terms of our core educational mission and our business objectives.” AcadeMedia’s Roadmap 2030. Ongoing Analysis of This Year’s Quality Results Compilations and analyses of quality results for the past academic year are ongoing. The findings will be presented in quality reports prepared at both school/unit and governing body levels, as well as in the Group’s quality report, which will be published in autumn 2026. Quality Results for the First Quarter No new quality results were compiled during the first quarter. However, at the end of September, the Swedish National Agency for Education (Skolverket) published national statistics on Year 9 compulsory school grades for the 2025/26 academic year. The national statistics show that the proportion of students in Sweden who achieved passing grades in all subjects remained unchanged at 71.9%, while the proportion eligible for upper secondary education decreased by 0.6 percentage points, from 84.1% to 83.5%. At the same time, the national average merit rating increased from 228.5 to 229.7. AcadeMedia’s grade results continue to be significantly above the national averages. The proportion of students achieving passing grades in all subjects increased from 79.9% to 81.2%, while the proportion eligible for upper secondary education decreased from 90.0% to 89.3%. AcadeMedia’s average merit rating also increased slightly, from 242.4 to 242.8. Although this year’s national test results cannot yet be compared with the national averages, AcadeMedia’s internal analysis of grades shows that the alignment between grades awarded and results in national tests decreased marginally in Swedish and English, and somewhat more in mathematics, during the 2025/26 academic year. National comparison data on the alignment between national test results and grades awarded will be available in November, when the Swedish National Agency for Education publishes the statistics for national tests for the 2025/26 academic year. Corresponding results for upper secondary schools will be published by the Swedish National Agency for Education at the end of November.

Page 12

Q1 Interim Report 2026/27 12 Employees For the full year 2025/26, the Group had an average headcount of 24,814 employees (23,934), an increase of 3.7 percent. The average number of full-time employees in the Group during the full year amounted to 17,745 (16,812), an increase of 5.5 percent. Women represented 74.6 percent (75.0) of the Group’s average FTE during the full year. Employee turnover in the Group was 14.3 percent for July–June, compared with 16.3 percent in the previous year. A comparable aggregated sick-leave rate is not available at Group level due to differences in reporting methods and coverage between operations. Parent Company Net sales during the year amounted to SEK 4 million (11). Operating profit (EBIT) amounted to SEK -5 million (-0) and profit after tax was SEK -5 million (3). The Parent Company’s assets essentially consist of participations in Group companies and intercompany receivables. Equity in the Parent Company as of 30 September 2026 was SEK 820 million (1,400). The Parent Company’s interest-bearing debt as of 30 September 2026 amounted to SEK 1,226 million (506). Owners and share capital AcadeMedia AB (publ) is a public limited company listed on Nasdaq Stockholm since 2016. As of 30 September 2026, share capital was SEK 109 989 748,81685 and the number of shares amounted to a total of 96,314,863 shares distributed among 95,866,206 ordinary shares and 448,657 Class C-shares, where the C-shares are held by AcadeMedia AB. The quota value is SEK 1.14 per share. Mellby Gård AB is the largest shareholder in AcadeMedia with 24.64 percent of the capital as of 30 September 2026. Significant events after the end of the reporting period On 12 October, AcadeMedia’s Nomination Committee published its proposal to elect Annie Lööf and Fredrik Rågmark as new members of the Board of Directors. Financial Targets Sales growth 5–7% AcadeMedia’s target for sales growth is 5–7 percent annually for the Group, excluding major acquisitions. Profitability 7–8% AcadeMedia’s profitability target for EBITA excluding items affecting comparability and the effects of IFRS 16, is to amount to 7 to 8 percent of revenue over time. Capital structure <3,0x AcadeMedia’s target is to for net interest-bearing debt to be no more than three times operating profit before depreciation and amortisation (EBITDA) excluding items affecting comparability and IFRS 16. During brief periods, however, deviation from this target may occur, such as in the case of major acquisitions.

Page 13

Q1 Interim Report 2026/27 13 Other Group items Risks and uncertainties AcadeMedia categorises its risks as operational risks, external risks, and financial risks, which are described in detail in the 2025/26 Annual Report. All risks are assessed based on probability, consequence, and the company’s management capabilities, enabling prioritisation of group-wide key risks that are closely monitored by Group Management and the Board. The main operational risks include, among others, the supply of qualified employees, quality and compliance with agreements, demographic changes, information security, and matters related to premises and procurement. External risks primarily include political and regulatory changes, as well as IT and cyber risks. Financial risks mainly relate to liquidity, refinancing, and interest rate risks, as well as risks associated with decisions regarding student funding, which are managed through stable financial planning and clear governance processes. In line with the EU’s new sustainability reporting standards (CSRD), AcadeMedia has conducted a double materiality analysis to identify the company’s most significant impacts, risks, and opportunities (IROs). Work on these is integrated into regular risk management and is not monitored separately but as a natural part of existing processes and governance. A detailed description of AcadeMedia’s risks and the work to manage them can be found on pages 29–31 and in the sustainability statement on pages 42–69 of the 2025/26 Annual Report. Seasonal variations AcadeMedia’s four segments show different seasonal variations. The three school segments show recurring seasonal variations, in which the first half of the year, July to December, typically reports weaker sales and earnings. This is mainly due to school holidays, annual leave, and the annual salary review. The second half, January to June, is stronger, as sales typically rise because of the annual school voucher funding reviews and higher numbers of children and students. The Adult Education segment shows more irregular seasonal variations and major contractual changes or changes in public initiatives can have a large effect. The seasonal variations are described in more detail in AcadeMedia AB’s annual report for 2025/26. Outlook AcadeMedia does not publish any forecasts. Annual General Meeting 2025 Annual General Meeting 2026 AcadeMedia's Annual General Meeting will take place on 2 December 2026 in Stockholm.

Page 14

Q1 Interim Report 2026/27 14 Calendar 2 December 2026 Annual General Meeting 2026 1 February 2027 Interim report, Q2 3 May 2027 Interim report, Q3 30 August 2027 Year-end report 2026/27 For further information, please visit https://corporate.academedia.se The Board of Directors and the Chief Executive Officer certify that the interim report gives a true and fair view of the Parent Company's and Group's operations, their financial position and results of operations, and describes significant risks and uncertainties facing the Parent Company and other companies in the Group. Stockholm 2 November 2026 Marcus Strömberg Chief Executive Officer This report has not been reviewed by the company’s auditors. AcadeMedia AB (publ) Corp. reg. no. 556846-0231 Box 213, 101 24 Stockholm tel. +46-8-794 42 00 www.academedia.se For more information, please contact: Petter Sylvan, CFO Telefon: +46-8-794 43 40 E-post: petter.sylvan@academedia.se Ludvig Andersson, Head of Investor Relations Telefon: +46-738-755-726 E-post: ludvig.andersson@academedia.se This information is information that AcadeMedia AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07:00 CET on 2 November 2026.

Page 15

Q1 Interim Report 2026/27 15 Consolidated income statement First Quarter R12 Full Year MSEK Not 2026/27 2025/26 Oct 25 – Sep 26 2025/26 Net Sales 3 4,679 4,101 20,939 20,360 Cost of services -423 -383 -1,832 -1,792 Other external expenses -470 -420 -1,921 -1,872 Personnel expenses -2,803 -2,434 -12,677 -12,308 Depreciation/amortisation -633 -571 -2,473 -2,410 Items affecting comparability 1) -8 - -39 -31 TOTAL OPERATING EXPENSES -4,337 -3,808 -18,941 -18,413 OPERATING INCOME (EBIT) 343 292 1,998 1,947 Financial income 6 41 1 80 40 Financial expenses 6 -212 -186 -795 -770 Net financial items -171 -186 -715 -730 INCOME BEFORE TAX 172 106 1,283 1,217 Tax 7 -46 -25 -283 -262 PROFIT FOR THE PERIOD 126 82 1,000 955 Profit for the period attributable to: Owners of the parent company 126 82 1,000 955 Basic earnings per share (SEK) 1.31 0.82 10.52 9.73 Diluted earnings per share (SEK) 1.31 0.82 10.51 9.72 Earnings per share based on number of shares outstanding (SEK) 1.31 0.82 10.75 9.97 1 Items affecting comparability are specified on page 4. Key performance indicator definitions are on pages 33 to 34. Please see note 2 for information on how application of IFRS 16 impact the financial reports.

Page 16

Q1 Interim Report 2026/27 16 Consolidated statement of comprehensive income First Quarter Full Year SEK m Not 2025/26 2024/25 2025/26 2024/25 PROFIT FOR THE PERIOD 126 82 1,000 955 Other comprehensive income Items that will not be reclassified to profit/loss Actuarial gains and losses -21 -7 -3 11 Deferred tax relating to actuarial gains and losses 5 2 1 -2 -17 -5 -3 9 Items that may be reclassified to profit/loss Translation differences 53 -2 84 29 Other comprehensive income for the period 36 -7 82 38 COMPREHENSIVE INCOME FOR THE PERIOD 162 74 1,081 993 Comprehensive income for the period attributable to: Owners of the parent company 162 74 1,081 993

Page 17

Q1 Interim Report 2026/27 17 Consolidated statement of financial position in summary SEK m Not 30 Sep 2026 30 Sep 2025 30 Jun 2026 ASSETS Intangible non-current assets 5 9,141 7,761 8,818 Buildings 1,650 1,155 1,580 Right-of-use assets 9 12,006 10,923 11,475 Other property, plant, and equipment 1,234 1,108 1,146 Other non-current assets 219 193 157 Total non-current assets 24,251 21,139 23,177 Current receivables 1,569 1,438 1,313 Cash and cash equivalents1 935 793 948 Total current assets 2,505 2,231 2,261 TOTAL ASSETS 26,755 23,370 25,438 EQUITY AND LIABILITIES Total equity 7,181 6,700 7,018 Non-current liabilities to credit institutions 1,501 1,164 1,416 Long-term lease liabilities 11,031 10,014 10,548 Provisions and other non-current liabilities 298 336 245 Total non-current liabilities 12,830 11,514 12,208 Current interest-bearing liabilities 1,241 530 1,240 Short-term lease liabilities 1,768 1,566 1,696 Other current liabilities 3,735 3,060 3,275 Total current liabilities 6,744 5,156 6,212 TOTAL EQUITY AND LIABILITIES 26,755 23,370 25,438 1 Cash includes Cash restricted for payroll tax withholdings with SEK 0 million (SEK 0 million per 30 June 2026). Summary of consolidated statement of changes in equity Equity attributable to the owners of the Parent Company Jul - Sep Jul - Sep Full Year SEK m 2026/27 2025/26 2025/26 Adjusted Opening balance 7,018 6,626 6,626 Profit for the period 126 81 955 Other comprehensive income for the period 36 -7 38 Consolidated statement of comprehensive income 162 74 993 Dividend paid - - -223 Share redemption programme - - -380 Other transactions with owners1 1 - 2 Closing balance 7,181 6,324 7,018 1 Transactions with owners during the current year amounted to SEK 0.7 million and included proceeds from issued warrants of SEK 0. 7.

Page 18

Q1 Interim Report 2026/27 18 Consolidated cash flow statement First Quarter Full Year SEK m 2026/27 2025/26 2025/26 Operating profit (EBIT) 343 292 1,947 Depreciation/amortisation 633 571 2,410 Adjustment for other non-cash items 1 19 -44 Tax paid -107 -85 -321 Cash flow from operating activities before changes in working capital 870 798 3,993 Cash flow from changes in working capital 126 -251 -63 Cash flow from operating activities 996 547 3,930 Acquisition of subsidiaries -170 - -1,036 Investments in buildings -16 -5 -103 Leasehold improvements -67 -35 -120 Investments in equipment -78 -50 -154 Investments in intangible non-current assets -1 -6 -13 Investments in non-current financial assets -0 - -4 Cash flow from investing activities -332 -95 -1,429 Interest received (+) and paid (-) -28 -18 -93 Interest paid, lease liabilities -183 -161 -669 Dividends to shareholders - - -223 New issue/share redemption - - -380 Issue of warrants - - 2 Increase (+)/decrease (-) of interest-bearing liabilities 16 196 912 Repayment of lease liabilities -511 -448 -1,888 Cash flow from financing activities -707 -432 -2,339 CASH FLOW FOR THE PERIOD -43 20 162 Cash and cash equivalents at beginning of period 948 777 777 Exchange-rate differences in cash and cash equivalents 30 -4 9 Cash and cash equivalents at end of period 935 793 948 Please see note 2 for information on how application of IFRS 16 impact the financial reports .

Page 19

Q1 Interim Report 2026/27 19 Notes and accounting policies The interim report includes pages 1 to 34 and pages 1 to 14 are an integrated part of this financial report. NOTE 1: ACCOUNTING POLICIES This Interim Report for the Group is prepared in accordance with IAS 34 Interim Financial Reporting, as well as applicable stipulations in the Annual Accounts Act. The Interim report for the Parent Company is prepared in accordance with chapter 9 Interim report in the Annual Accounts Act. The accounting policies and basis of calculation applied are the same as those described in AcadeMedia's 2025/26 Annual Report, which was prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the EU. New and amended accounting standards applied from 1 July 2026 New and amended standards and interpretations applicable from 1 July 2026 have had no impact on the financial statements.

Page 20

Q1 Interim Report 2026/27 20 NOTE 2: FINANCIAL STATEMENTS WITH EFFECT OF IFRS 16 LEASING Below, the effects on the financial reports from implementation of IFRS 16 Leasing are disclosed. Consolidated income statement First Quarter 26/27 First Quarter 25/26 Full year 25/26 SEK m IFRS 16 effect Excl. IFRS 16 IFRS 16 effect Excl. IFRS 16 IFRS 16 effect Excl. IFRS 16 Net Sales 4,679 - 4,679 4,101 - 4,101 20,360 - 20,360 Cost of services -423 - -423 -383 - -383 -1,792 - -1,792 Other external expenses -470 637 -1,107 -420 562 -982 -1,872 2,359 -4,230 Personnel expenses -2,803 - -2,803 -2,434 - -2,434 -12,308 - -12,308 Depreciation/amortisation -633 -494 -139 -571 -444 -127 -2,410 -1,868 -543 Items affecting comparability -8 - -8 - - - -31 - -31 TOTAL OPERATING EXPENSES -4,337 143 -4,480 -3,808 117 -3,926 -18,413 491 -18,904 OPERATING INCOME (EBIT) 343 143 200 292 117 175 1,947 491 1,456 Financial income 41 - 41 1 - 1 40 - 40 Financial expenses -212 -181 -31 -186 -157 -29 -770 -656 -114 Net financial items -171 -181 10 -186 -157 -29 -730 -656 -74 INCOME BEFORE TAX 172 -38 210 106 -40 146 1,217 -165 1,382 Tax -46 9 -55 -25 9 -34 -262 38 -300 PROFIT FOR THE PERIOD 126 -29 155 82 -30 112 955 -127 1,082 Other comprehensive income for the period 36 - 36 -7 - -7 38 - 38 COMPREHENSIVE INCOME FOR THE PERIOD 162 -29 191 74 -30 105 993 -127 1,120 Earnings per share basic (SEK) 1.31 -0.30 1.61 0.82 -0.31 1.13 9.73 -1.29 9.73 Earnings per share basic/diluted (SEK) 1.31 -0.30 1.61 0.82 -0.31 1.13 9.72 -1.29 9.72 Earnings per share based on number of shares outstanding (SEK) 1.31 -0.30 1.61 0.82 -0.31 1.13 9.97 -1.32 9.97

Page 21

Q1 Interim Report 2026/27 21 Consolidated statement of financial position in summary 30 Sep 2026 30 Sep 2025 SEK m IFRS 16 effect Excl. IFRS 16 IFRS 16 effect Excl. IFRS 16 ASSETS Intangible non-current assets 9,141 - 9,141 7,761 - 7,761 Buildings 1,650 - 1,650 1,155 - 1,155 Right-of-use assets 12,006 11,719 287 10,923 10,593 330 Other property, plant, and equipment 1,234 - 1,234 1,108 - 1,108 Other non-current assets 219 81 138 193 57 136 Total non-current assets 24,251 11,800 12,451 21,139 10,650 10,489 Current receivables 1,569 -357 1,926 1,438 -338 1,776 Cash and cash equivalents 935 - 935 793 - 793 Total current assets 2,505 -357 2,862 2,231 -338 2,569 TOTAL ASSETS 26,755 11,443 15,312 23,370 10,312 13,058 EQUITY AND LIABILITIES Total equity 7,181 -747 7,929 6,700 -622 7,323 Non-current liabilities to credit institutions 1,501 - 1,501 1,164 - 1,164 Long-term lease liabilities 11,031 10,884 146 10,014 9,842 173 Provisions and other non-current liabilities 298 -195 493 336 -179 515 Total non-current liabilities 12,830 10,690 2,141 11,514 9,663 1,851 Current interest-bearing liabilities 1,241 - 1,241 530 - 530 Short-term lease liabilities 1,768 1,619 149 1,566 1,400 166 Other current liabilities 3,735 -119 3,854 3,060 -129 3,189 Total current liabilities 6,744 1,500 5,243 5,156 1,271 3,885 TOTAL EQUITY AND LIABILITIES 26,755 11,443 15,312 23,370 10,312 13,058 Consolidated cash flow statement First Quarter 26/27 First Quarter 25/26 SEK m IFRS 16 effect Excl. IFRS 16 IFRS 16 effect Excl. IFRS 16 Operating profit/loss (EBIT) 343 143 200 292 117 175 Depreciation/amortisation 633 494 139 571 444 127 Adjustment for other non-cash items 1 - 1 19 - 19 Tax paid -107 - -107 -85 - -85 Cash flow from operating activities before changes in working capital 870 637 233 798 562 236 Cash flow from changes in working capital 126 19 107 -251 7 -258 Cash flow from operating activities 996 656 340 547 568 -22 Cash flow from investing activities -332 - -332 -95 - -95 Cash flow from financing activities -707 -656 -51 -432 -568 137 CASH FLOW FOR THE PERIOD -43 - -43 20 - 20

Page 22

Q1 Interim Report 2026/27 22 NOTE 3: NET SALES First Quarter Full Year SEK m 2026/27 2025/26 2025/26 Education-related income 4,501 3,951 19,620 State subsidies 91 90 436 Products 29 25 103 Other income 59 35 201 Net Sales 4,679 4,101 20,360 Education-related income consists of school vouchers and participant fees. Tuition fees are recognised as net sales and allocated in line with the degree of completion over the period during which the education is provided, including time for planning and grading of student learning. Net sales for preschool operations are recognised based on the same fundamental principles. Net sales for services sold is recognised upon delivery to students. Net sales in the adult education operation are based on the same fundamental principles but also considers the empirical estimate of the number of participants not completing the programme started, as well as estimates of compensation received based on the number of participants completing the programme. State subsidies include State subsidies for the primary school initiative, smaller classes, skills development and before and after school care initiatives. State subsidies are recognised at fair value in the case that there is reasonable certainty that they will be received and that AcadeMedia will meet the conditions attached to the grant. Subsidies received to cover costs are recognised as an expense reduction for the relevant expense item, for example teacher salary premiums, head teacher premiums and other salary subsidies. Products comprise products and services for the education market. Other income refers to income not directly related to education. NOTE 4: TRANSACTIONS WITH RELATED PARTIES Related party transactions are described in the Annual Report 2025/26. Transactions with related parties are conducted on an arm's length basis. There were no significant related party transactions during the quarter. NOTE 5: ACQUISITIONS Acquiring company Acquired company Acquisition date Segment AcadeMedia Nederland BV Participatie Kindernet B.V. 01-jul-26 Preschool & int. Winford College BV Florencius BV 30-jul-26 Preschool & int. Winford College BV Florencius Pre-schools BV 30-jul-26 Preschool & int. The purchase price allocations are preliminary one year from the acquisition date. The acquisitions above represent a combined value of less than 5 percent of the Group. Voting rights amount to 100 percent. The purchase consideration was in the form of cash. Details of the net assets and goodwill acquired are given below. Goodwill attributed to company value exceeding net assets is not tax deductible whereas goodwill attributed to assets in asset-based acquisitions is tax deductible. No part of this years’ additional goodwill is tax deductible. The adjustment relates to adjustments attributable to acquisitions completed in previous periods. Acquisition effects of acquisitions made (SEK m) Adjustment Acquisitions Total Purchase consideration including transaction expenses and interest compensation 2 207 209 Purchase consideration excluding transaction expenses and including interest compensation 0 201 201 Valuation of earnout relating to acquisitions made in prior years 0 Fair value of acquired net assets excluding goodwill 12 20 32 Total goodwill 12 222 234

Page 23

Q1 Interim Report 2026/27 23 Fair values acquired (SEK m) Adjustment Acquisitions Total Intangible non-current assets 0 0 Property, plant, and equipment -2 16 14 Right-of-use assets 3 20 22 Financial non-current assets 1 1 Current assets -9 3 -6 Cash and cash equivalents 0 10 10 Interest bearing liabilities 0 Interest bearing liabilities – IFRS 16 -3 -20 -22 Non-interest-bearing liabilities 0 -50 -50 Current tax liability -1 -1 -2 Deferred tax liability 1 1 Net assets acquired -12 -20 -32 Goodwill that has arisen in connection with acquisitions consists in part of synergies with existing businesses for example within recruitment, personnel development, and with service organisation, which can be streamlined as a result of the acquisitions, and in part of acquired resources which are not valued such as staff and the future sales development. The purchase consideration not settled in cash as at the balance sheet date, as presented in the table below, relates to contingent consideration. The conditions associated with the contingent consideration are linked to the achievement of earnings targets. Impact of the acquisitions on the Group’s cash and cash equivalents (SEK million) Adjustment Acquisitions Total Purchase consideration excluding transaction expenses and including interest 201 201 Less purchase consideration that has not been settled in cash as of period end -21 -21 Cash and cash equivalents at time of acquisition -10 -10 Impact on the Group’s cash and cash equivalents 170 170 Contribution of acquisitions to consolidated profit (SEK million) Acquisitions Total Net sales 63 63 Adjusted EBITA 5 5 Operating profit (EBIT) 5 5 If the units had been included in consolidated profit for the entire financial year the contribution would have been (SEK million) Acquisitions Total Net sales 67 67 Adjusted EBITA 6 6 Operating profit (EBIT) 6 6

Page 24

Q1 Interim Report 2026/27 24 NOTE 6: FINANCIAL INCOME AND EXPENSES First Quarter Full year SEK m 2026/27 2025/26 Oct 25 – Sep 26 2025/26 Financial income Interest income 1 1 1 6 Exchange rate gains 41 - 41 32 Other - 0 - 2 Interest income and similar items 41 1 41 40 Financial expenses Interest expense excl. lease liability -26 -16 -26 -64 Borrowing costs 1 -0 -0 -0 -2 Interest expense on the lease liability -183 -161 -183 -670 Exchange rate losses - -6 - -24 Other -2 -3 -2 -10 Interest expense and similar items -212 -186 -212 -770 Interest expense on the lease liability properties -181 -157 -181 -656 1 Acquisition costs for loans are expensed over the term of the loan. The financial expenses are somewhat higher than previous year, following increased property-related leasing liabilities as the operations grow and higher interest rates. NOTE 7: TAX EXPENSE The tax expense for the period amounted to SEK -46 (-25) million, corresponding to an effective tax rate of 26.9 percent (23.4). The increase in the effective tax rate compared with the same quarter last year was primarily due to geographical distribution. NOTE 8: FINANCIAL INSTRUMENTS AcadeMedia's financial instruments consist of accounts receivable, other receivables, accrued income, cash and cash equivalents, accounts payable, accrued expenses, interest-bearing liabilities, and deferred consideration. Since loans to credit institutions are at variable interest, which essentially are deemed to correspond to current market interest rates, the carrying amount excluding loan expenses is considered to correspond to fair value. Other financial assets and liabilities have short terms. It is therefore deemed that the fair values of all the financial instruments are approximately equal to their carrying amounts. NOTE 9: RENTAL COMMITMENTS In addition to the lease agreements reported in the balance sheet, AcadeMedia has entered into lease agreements that have not yet entered into force. The total nominal commitment for these contracts amounts to SEK 2,795 million as of 30 September 2026 (3,440 as of 30 September 2026). SEK 1,300 million of the total commitment is attributable to the German preschool operations. Approximately SEK 1,100 million of this is expected to be reimbursed by the municipalities as part of the statutory reimbursement model.

Page 25

Q1 Interim Report 2026/27 25 Parent company – financial reports Parent company income statement in summary First Quarter Full Year SEK m 2026/27 2025/26 2025/26 Net sales 4 11 26 Operating expenses -8 -11 -40 OPERATING PROFIT -5 -0 -14 Interest income and similar items 39 39 143 Interest expense and similar items -40 -35 -125 Net financial items -1 4 17 Appropriations - - 30 PROFIT BEFORE TAX -6 3 34 Tax 1 -1 -7 PROFIT FOR THE PERIOD -5 3 27 Parent company other comprehensive income First Quarter Full Year SEK m 2026/27 2025/26 2025/26 Profit/loss for the period -5 3 27 Other comprehensive income for the period - - - COMPREHENSIVE INCOME FOR THE PERIOD -5 3 27 Parent company balance sheet in summary SEK m 30 Sep 2026 30 Sep 2025 30 Jun 2026 ASSETS Participations in Group companies 3,263 3,261 3,263 Total non-current assets 3,263 3,261 3,263 Current receivables 6,465 5,339 6,082 Cash and cash equivalents 0 - - Total current assets 6,465 5,339 6,082 TOTAL ASSETS 9,728 8,601 9,345 EQUITY AND LIABILITIES Restricted equity 110 109 110 Non-restricted equity 710 1,291 714 Total equity 820 1,400 823 Non-current liabilities - - - Current liabilities 8,909 7,201 8,521 TOTAL EQUITY AND LIABILITIES 9,728 8,601 9,345 Parent company statement of changes in equity Jul -Sep Jul -Sep Full Year SEK m 2026/27 2025/26 2025/26 Opening balance 823 1,398 1,398 Profit for the period -5 3 27 Other comprehensive income for the period - - - Total profit for the period -5 3 27 Dividend 0 0 -223 Share redemption programme 0 0 -380 Other transactions with owners1 1 0 2 Closing balance 820 1,400 823 1 Transactions with owners during the current year amounted to SEK 0.7 million and included proceeds from issued warrants of SEK 0.7.

Page 26

Q1 Interim Report 2026/27 26 Multi-year review SEK m, unless otherwise stated First Quarter Full year 2026/27 2025/26 2025/26 2024/25 2023/24 2022/23 2021/22 2020/21 PROFIT/LOSS ITEMS Net sales 4,679 4,101 20,360 19,021 17,332 15,539 14,339 13,340 Items affecting comparability -8 - -31 -27 -17 -45 -64 -7 EBITDA 976 863 4,358 4,105 3,649 3,194 2,980 2,754 Depreciation/impairment of tangible assets -626 -564 -2,381 -2,319 -2,130 -1,902 -1,739 -1,567 EBITA 350 299 1,976 1,786 1,519 1,292 1,241 1,187 Amortisation/impairment of intangible assets -8 -7 -29 -34 -29 -22 -16 -14 EBIT 343 292 1,947 1,752 1,490 1,270 1,224 1,174 Net financial items -171 -186 -730 -710 -665 -511 -441 -402 Profit/loss for the period before tax 172 106 1,217 1,042 825 759 784 772 Profit/loss for the period after tax 126 82 955 821 632 578 605 599 BALANCE SHEET ITEMS Non-current assets 24,251 21,139 23,177 20,184 20,430 18,111 17,024 15,773 Current receivables and inventories 1,569 1,438 1,313 1,055 964 840 704 662 Cash and cash equivalents 935 793 948 777 1,316 967 1,137 966 Non-current interest-bearing liabilities 1,501 1,168 1,416 1,188 1,666 1,430 747 1,850 Long-term lease liabilities 11,031 10,014 10,548 9,012 9,408 8,203 7,464 6,495 Non-current non-interest-bearing liabilities 298 331 245 314 384 175 187 162 Current interest-bearing liabilities 1,241 530 1,240 315 446 167 1,207 195 Short-term lease liabilities 1,768 1,566 1,696 1,593 1,574 1,309 1,180 1,077 Current non-interest-bearing liabilities 3,735 3,060 3,275 2,967 2,967 2,501 2,323 2,319 Equity 7,181 6,700 7,018 6,626 6,265 6,134 5,758 5,305 Total assets 26,755 23,370 25,438 22,015 22,709 19,918 18,864 17,401 Capital employed 10,966 9,360 10,603 8,947 9,105 8,322 8,181 7,705 Net debt including IFRS 16 14,605 12,486 13,952 11,332 11,778 10,142 9,460 8,650 Net debt, excluding IFRS 16 2,102 1,244 1,918 953 1,020 825 987 1,222 Property adjusted net debt, excl IFRS 16 1,199 632 1,053 324 327 97 237 526 KEY RATIOS Net sales 4,679 4,101 20,360 19,021 17,332 15,539 14,339 13,340 Organic growth incl. Bolt-on acquisitions, % 4.8% 6.4% 5.8% 5.8% 7.3% 6.0% 5.2% 8.1% Acquired growth, larger acquisitions, % 8.3% 1.3% 2.1% 4.7% 4.4% 1.9% 1.6% 1.6% Change in currency, % 1.0% -1.0% -0.8% -0.7% -0.1% 0.5% 0.8% -1.1% Operating margin (EBIT), % 7.3% 7.1% 9.6% 9.2% 8.6% 8.2% 8.5% 8.8% Adjusted EBIT 207 175 1,487 1,281 1,097 964 1,001 939 Adjusted EBIT margin, % 4.4% 4.3% 7.3% 6.7% 6.3% 6.2% 7.0% 7.0% Adjusted EBITA 215 182 1,516 1,315 1,127 987 1,017 952 Adjusted EBITA margin, % 4.6% 4.4% 7.4% 6.9% 6.5% 6.4% 7.1% 7.1% Adjusted EBITDA 346 302 2,030 1,802 1,600 1,422 1,398 1,295 Adjusted EBITDA margin, % 7.4% 7.4% 10.0% 9.5% 9.2% 9.2% 9.7% 9.7% Return on capital employed, %, (12 months) 15.0% 14.0% 15.3% 14.4% 12.8% 11.8% 12.6% 12.6% Return on equity, % (12 months) 14.7% 12.8% 14.5% 13.0% 11.1% 10.7% 12.0% 13.3% Equity/assets ratio, %, incl IFRS 16 26.8% 28.7% 27.6% 30.1% 27.6% 30.8% 30.5% 30.5% Equity/assets ratio, %, excl IFRS 16 51.8% 56.1% 53.5% 57.5% 53.0% 57.9% 55.3% 53.3% Interest coverage ratio, times 18.5 13.8 19.6 12.8 10.5 15.6 31.6 27.9 Net debt/Adjusted EBITDA (12 m) incl IFRS 16 3.2 3.0 3.2 2.7 3.2 3.1 3.1 3.1 Net debt/Adjusted EBITDA (12 m) 1.0 0.7 0.9 0.5 0.6 0.6 0.7 0.9 Debt ratio, incl IFRS 16 56.6% 55.3% 57.0% 53.4% 55.1% 53.5% 53.4% 52.6% Debt ratio, excl. IFRS 16 14.6% 10.1% 14.2% 8.1% 8.9% 8.0% 10.1% 13.0% Free cash flow 195 -111 1,266 1,109 1,124 792 922 1,117 Cash flow from investing activities -332 -95 -1,429 -678 -871 -481 -536 -437 Number of full-time employees* 13,878 17,073 17,745 16,812 15,428 14,459 13,829 13,360 *Preliminary figures for the current quarter

Page 27

Q1 Interim Report 2026/27 27 Quarterly data, Group Quarterly data 2026/27 2025/26 2024/25 SEK m, unless otherwise stated Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Net sales 4,679 5,658 5,371 5,231 4,101 5,118 5,037 5,025 3,842 EBITDA 976 1,292 1,163 1,040 863 1,167 1,083 1,006 849 Depreciation and amortisation -633 -626 -624 -590 -571 -589 -583 -604 -577 Operating income (EBIT) 343 666 539 450 292 578 499 402 272 Total financial items -171 -173 -171 -200 -186 -157 -195 -179 -179 Income before taxes 172 493 368 250 106 421 304 223 93 Tax for the current period -46 -108 -78 -51 -25 -101 -63 -45 -13 Profit/loss for the period 126 385 290 199 82 321 241 179 80 Number of children/students, schools 121,436 119,430 115,393 113,176 113,083 113,530 111,603 110,744 109,281 Number of full-time employees* 18,490 18,726 17,366 17,191 16,918 17,427 16,676 16,604 16,198 Number of education units 855 792 781 752 752 757 729 728 724 Key ratios Operating margin (EBIT), % 7.3% 11.8% 10.0% 8.6% 7.1% 11.3% 9.9% 8.0% 7.1% Adjusted EBIT 207 544 430 338 175 467 377 280 157 Adjusted EBIT, % 4.4% 9.6% 8.0% 6.5% 4.3% 9.1% 7.5% 5.6% 4.1% Adjusted EBITA 215 552 438 345 182 475 386 289 166 Adjusted EBITA, % 4.6% 9.8% 8.2% 6.6% 4.4% 9.3% 7.7% 5.8% 4.3% Adjusted EBITDA 346 685 570 474 302 598 510 415 280 Adjusted EBITDA, % 7.4% 12.1% 10.6% 9.1% 7.4% 11.7% 10.1% 8.3% 7.3% Net margin, % 2.7% 6.8% 5.4% 3.8% 2.0% 6.3% 4.8% 3.6% 2.1% Return on equity, % (12 months) 1 14.7% 14.5% 14.3% 13.1% 12.8% 13.0% 12.7% 12.5% 11.3% Return on capital employed, % (12 Months) 1 15.0% 15.3% 15.0% 15.2% 14.0% 14.4% 13.6% 13.4% 12.3% Equity/assets ratio, %1 51.8% 53.5% 53.6% 58.5% 56.1% 57.5% 54.5% 53.6% 52.8% Net debt/Adjusted EBITDA (12 months) 1 1.0 0.9 0.9 0.4 0.7 0.5 0.7 0.6 0.9 Interest coverage ratio1 18.5 19.6 18.9 16.2 13.8 12.8 10.9 10.3 10.2 Other Items affect comparability -8 -15 -3 -13 - -13 -16 2 - Free cash flow 195 354 288 735 -111 532 186 615 -225 Cash flow from operating activities 340 438 337 803 -22 598 236 691 -128 Cash flow from investing activities -332 -572 -623 -139 -95 -276 -127 -105 -170 1 Net debt/EBITDA and interest coverage ratio, as well as equity ratio, return on equity and return on capital employed, are key performance in dicators in AcadeMedia’s operations and, from 1 July 2019, are calculated adjusted for the effect of IFRS 16 Leases in order to ref lect a measure comparable with the KPIs of previous periods. *Preliminary figures for the current quarter

Page 28

Q1 Interim Report 2026/27 28 Quarterly data, segment SEK m, unless otherwise stated 2026/27 2025/26 2024/25 Preschool and International (SE, NO, DE, NL, FL) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Number of children/students (average) 40,510 40,873 39,415 36,852 36,371 37,797 35,404 34,233 33,683 Net sales 1,961 2,276 2,081 1,933 1,583 1,962 1,871 1,825 1,452 of which Sweden 287 392 387 375 283 393 386 371 278 of which Norway 586 771 689 643 491 650 657 629 475 of which Finland 236 329 318 302 227 318 318 307 228 of which Germany 554 587 553 498 479 483 442 454 419 of which Netherlands 231 197 134 116 104 117 67 65 53 Of which UK 66 - - - - - - - - EBITDA 66 251 201 148 33 189 149 104 25 EBITDA margin, % 3.4% 11.0% 9.7% 7.7% 2.1% 9.6% 8.0% 5.7% 1.7% Depreciation/impairment of tangible assets -42 -38 -35 -32 -32 -30 -29 -31 -32 Amortisation/impairment of intangible assets -3 -3 -3 -3 -3 -4 -4 -4 -4 Depreciation of right-of-use assets -0 -0 -0 -0 -0 -0 -0 -0 -0 EBITA 24 213 166 115 0 159 119 72 -7 EBITA margin, % 1.2% 9.4% 8.0% 5.9% - 8.2% 6.4% 4.0% -0.4% Operating profit/loss (EBIT) 21 209 163 112 -3 156 115 68 -11 EBIT margin, % 1.1% 9.2% 7.8% 5.8% -0.2% 8.0% 6.1% 3.7% -0.8% Items affecting comparability -8 -4 -3 - - -13 -6 - - Adjusted EBITA 32 216 169 115 0 173 125 72 -7 Adjusted EBITA margin, % 1.6% 9.5% 8.1% 5.9% - 8.8% 6.7% 3.9% -0.5% Adjusted EBIT 28 213 166 112 -3 169 121 68 -11 Adjusted EBIT margin, % 1.4% 9.4% 8.0% 5.8% -0.2% 8.6% 6.5% 3.7% -0.8% Number of preschool units - 515 514 485 485 484 456 454 450 SEK m, unless otherwise stated 2026/27 2025/26 2024/25 Compulsory School (Sweden) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Number of children/students (average) 34,375 33,353 30,357 30,236 30,236 30,795 30,796 30,648 29,486 Net sales 1,065 1,351 1,221 1,228 904 1,197 1,181 1,193 860 EBITDA 97 157 127 119 77 141 102 105 67 EBITDA margin, % 9.1% 11.6% 10.4% 9.7% 8.5% 11.8% 8.6% 8.8% 7.8% Depreciation/impairment of tangible assets -24 -23 -21 -21 -21 -21 -20 -19 -18 Amortisation/impairment of intangible assets -0 -0 -0 -0 -0 -0 -0 -0 -0 Depreciation of right-of-use assets -10 -10 -10 -11 -7 -6 -6 -6 -5 EBITA 63 124 96 88 49 114 76 80 44 EBITA margin, % 5.9% 9.2% 7.9% 7.2% 5.4% 9.5% 6.4% 6.7% 5.1% Operating profit/loss (EBIT) 63 123 96 88 49 114 76 80 44 EBIT margin, % 5.9% 9.1% 7.9% 7.2% 5.4% 9.5% 6.4% 6.7% 5.1% Items affecting comparability - -5 0 -0 - - -10 2 - Adjusted EBITA 63 129 96 88 49 114 86 77 44 Adjusted EBITA margin, % 5.9% 9.5% 7.9% 7.2% 5.4% 9.5% 7.3% 6.5% 5.1% Adjusted EBIT 63 128 96 88 49 114 85 77 44 Adjusted EBIT margin, % 5.9% 9.5% 7.9% 7.2% 5.4% 9.5% 7.2% 6.5% 5.1% Number of education units 132 132 122 122 122 126 126 126 126

Page 29

Q1 Interim Report 2026/27 29 SEK m, unless otherwise stated 2026/27 2025/26 2024/25 Upper Secondary School (Sweden) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Number of children/students (average) 46,551 45,205 45,620 46,088 46,476 44,938 45,403 45,863 46,112 Net sales 1,212 1,552 1,572 1,569 1,193 1,505 1,519 1,515 1,139 EBITDA 102 255 190 162 121 246 205 174 125 EBITDA margin, % 8.4% 16.4% 12.1% 10.3% 10.1% 16.3% 13.5% 11.5% 11.0% Depreciation/impairment of tangible assets -28 -28 -28 -28 -27 -28 -28 -27 -26 Amortisation/impairment of intangible assets -1 -1 -1 -1 -1 -1 -1 -1 -1 Depreciation of right-of-use assets -24 -30 -34 -34 -29 -34 -38 -38 -29 EBITA 50 197 127 101 65 185 139 109 70 EBITA margin, % 4.1% 12.7% 8.1% 6.4% 5.4% 12.3% 9.2% 7.2% 6.1% Operating profit/loss (EBIT) 49 196 126 99 64 184 138 107 68 EBIT margin, % 4.0% 12.6% 8.0% 6.3% 5.4% 12.2% 9.1% 7.1% 6.0% Items affecting comparability - - - -13 - - - - - Adjusted EBITA 50 197 127 114 65 185 139 109 70 Adjusted EBITA margin, % 4.1% 12.7% 8.1% 7.3% 5.4% 12.3% 9.2% 7.2% 6.1% Adjusted EBIT 49 196 126 113 64 184 138 107 68 Adjusted EBIT margin, % 4.0% 12.6% 8.0% 7.2% 5.4% 12.2% 9.1% 7.1% 6.0% Number of education units 145 145 145 145 145 147 147 148 148 SEK m, unless otherwise stated 2026/27 2025/26 2024/25 Adult Education (Sweden) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Net sales 442 478 495 501 421 454 465 492 391 EBITDA 87 50 70 70 83 40 58 67 74 EBITDA margin, % 19.7% 10.5% 14.1% 14.0% 19.7% 8.8% 12.5% 13.6% 18.9% Depreciation/impairment of tangible assets -2 -2 -2 -3 -3 -3 -2 -3 -3 Amortisation/impairment of intangible assets -3 -3 -3 -2 -2 -3 -3 -3 -3 Depreciation of right-of-use assets -0 -0 -0 -0 -0 -0 -0 -0 -0 EBITA 85 47 67 67 79 37 56 63 70 EBITA margin, % 19.2% 9.8% 13.5% 13.4% 18.8% 7.9% 11.8% 12.6% 17.6% Operating profit/loss (EBIT) 82 44 64 64 77 34 53 60 67 EBIT margin, % 18.6% 9.2% 12.9% 12.8% 18.3% 7.5% 11.4% 12.2% 17.1% Items affecting comparability - - - - - -0 - - -0 Adjusted EBITA 85 47 67 67 79 37 56 63 70 Adjusted EBITA margin, % 19.2% 9.8% 13.5% 13.4% 18.8% 8.1% 12.0% 12.8% 17.9% Adjusted EBIT 82 44 64 64 77 34 53 60 67 Adjusted EBIT margin, % 18.6% 9.2% 12.9% 12.8% 18.3% 7.5% 11.4% 12.2% 17.1% SEK m, unless otherwise stated 2026/27 2025/26 2024/25 Group-OH and adjustments Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Net sales 0 0 0 0 0 0 1 0 0 EBITDA 623 579 574 541 550 550 569 557 558 Depreciation -495 -485 -485 -454 -445 -459 -451 -470 -454 EBITA 128 94 90 86 105 91 117 87 103 Operating profit/loss (EBIT) 128 94 90 86 105 91 117 87 103 Items affecting comparability - -7 - - - - - - - Adjusted EBITA -15 -37 -22 -38 -12 -33 -21 -33 -12 Adjusted operating profit/loss (EBIT) -15 -37 -22 -38 -12 -33 -21 -33 -12

Page 30

Q1 Interim Report 2026/27 30 SEK m, unless otherwise stated 2026/27 2025/26 2024/25 Group Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Number of children/students (average) 121,436 119,430 115,393 113,176 113,083 113,530 111,603 110,744 109,281 Net sales 4,679 5,658 5,371 5,231 4,101 5,118 5,037 5,025 3,842 EBITDA 976 1,292 1,163 1,040 863 1,167 1,083 1,006 849 EBITDA margin, % 20.9% 22.8% 21.7% 19.9% 21.0% 22.8% 21.5% 20.0% 22.1% Depreciation/impairment of tangible assets -96 -92 -87 -83 -83 -82 -80 -81 -79 Amortisation/impairment of intangible assets -8 -8 -7 -7 -7 -8 -9 -9 -9 Depreciation of right-of-use assets -530 -526 -530 -499 -481 -499 -495 -514 -489 EBITA 350 674 546 457 299 586 508 411 281 EBITA margin, % 7.5% 11.9% 10.2% 8.7% 7.3% 11.4% 10.1% 8.2% 7.3% Operating profit/loss (EBIT) 343 666 539 450 292 578 499 402 272 EBIT margin, % 7.3% 11.8% 10.0% 8.6% 7.1% 11.3% 9.9% 8.0% 7.1% Items affecting comparability -8 -15 -3 -13 - -13 -16 2 - Effect of IFRS 16 on operating profit 143 137 112 125 117 124 139 120 115 Adjusted EBITA 215 552 438 345 182 475 386 289 166 Adjusted EBITA margin, % 4.6% 9.8% 8.2% 6.6% 4.4% 9.3% 7.7% 5.8% 4.3% Adjusted EBIT 207 544 430 338 175 467 377 280 157 Adjusted EBIT margin, % 4.4% 9.6% 8.0% 6.5% 4.3% 9.1% 7.5% 5.6% 4.1% Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Net financial items -171 -173 -171 -200 -186 -157 -195 -179 -179 Profit/loss after financial items 172 493 368 250 106 421 304 223 93 Tax -46 -108 -78 -51 -25 -101 -63 -45 -13 Profit/loss for the period 126 385 290 199 82 321 241 179 80 Number of full-time employees (period)* 18,490 18,726 17,180 17,162 16,918 17,427 16,676 16,604 16,198 Number of units 855 792 779 749 749 757 729 728 724 *Preliminary figures for the current quarter

Page 31

Q1 Interim Report 2026/27 31 Reconciliation of alternative key performance indicators The table below presents the data from which the alternative key performance indicators used in the report are calculated. See definitions for more information. SEK m, unless otherwise stated First Quarter Full Year 2026/27 2025/26 2025/26 2024/25 2023/24 2022/23 2021/22 2020/21 Adjusted EBIT Operating profit (EBIT) 343 292 1,947 1,752 1,490 1,270 1,224 1,174 - Items affecting comparability 8 - 31 -27 -17 -45 -64 -7 - IFRS 16 impact -143 -117 -491 -498 -410 -350 -288 -243 = Adjusted EBIT 207 175 1,487 1,281 1,097 964 1,001 939 Adjusted EBIT margin Adjusted EBIT 207 175 1,487 1,281 1,097 964 1,001 939 Divided by /Net sales 4,679 4,101 20,360 19,021 17,332 15,539 14,339 13,340 = Adjusted EBIT margin 4.4% 4.3% 7.3% 6.7% 6.3% 6.2% 7.0% 7.0% Adjusted EBITA Adjusted EBIT 207 175 1,487 1,281 1,097 964 1,001 939 Depreciation and impairment of intangible assets 8 7 29 -34 -29 -22 -16 -14 = Adjusted EBITA 215 182 1,516 1,315 1,127 987 1,017 952 Adjusted EBITA margin Adjusted EBITA 215 182 1,516 1,315 1,127 987 1,017 952 Divided by /Net sales 4,679 4,101 20,360 19,021 17,332 15,539 14,339 13,340 = Adjusted EBITA margin 4.6% 4.4% 7.4% 6.9% 6.5% 6.4% 7.1% 7.1% Adjusted EBITDA Adjusted EBIT 207 175 1,487 1,281 1,097 964 1,001 939 - Depreciation excluding depreciation relating to property rental agreements 139 127 543 -521 -503 -458 -398 -357 = Adjusted EBITDA 346 302 2,030 1,802 1,600 1,422 1,398 1,295 Net debt Non-current interest-bearing liabilities 12,532 11,183 11,963 10,199 11,073 9,633 8,211 8,344 + Current interest-bearing liabilities 3,009 2,096 2,936 1,909 2,020 1,476 2,386 1,272 - Interest-bearing receivables - - - - - - - - - Cash and cash equivalents 935 793 948 777 1,316 967 1,137 966 = Net debt including IFRS 16 14,605 12,486 13,952 11,332 11,778 10,142 9,460 8,650 - IFRS 16 Non-current and current lease liabilities 12,504 11,242 12,033 10,379 10,758 9,317 8,474 7,428 = Net debt excluding IFRS 16 2,102 1,244 1,918 953 1,020 825 987 1,222 Property-adjusted net debt Net debt (as described above) 2,102 1,244 1,918 953 1,020 825 987 1,222 - non-current property loans 883 591 824 609 663 698 722 671 - current property loans 20 21 41 21 30 30 28 25 = Property adjusted net debt excluding IFRS 16 1,199 632 1,053 324 327 97 237 526 Return on capital employed %, 12 months Adjusted EBIT 1,520 1,299 1,487 1,281 1,097 964 1,001 939 + Interest income 6 13 6 17 22 9 1 0 divided by Average equity 6,941 6,512 6,822 6,445 6,199 5,946 5,531 5,047 + average non-current interest-bearing liabilities 11,857 11,344 11,081 10,636 10,353 8,922 8,277 8,302 + average current interest-bearing liabilities 2,552 2,136 2,423 1,964 1,748 1,931 1,829 1,276 - IFRS 16 average equity -685 -579 -655 -548 -451 -349 -256 -165 - IFRS 16 average non-current and current lease liabilities 11,873 11,205 11,206 10,568 10,038 8,896 7,951 7,321 = Return on capital employed excluding IFRS 16, % 15.0% 14.0% 15.3% 14.4% 12.8% 11.8% 12.6% 12.6%

Page 32

Q1 Interim Report 2026/27 32 Return on equity %, 12 months Profit/loss after tax 1,000 822 955 821 632 578 605 599 - IFRS 16 profit/loss after tax -125 -87 -127 -87 -108 -97 -88 -95 divided by Average equity 6,941 6,512 6,822 6,445 6,199 5,946 5,531 5,047 - IFRS 16 average equity -685 -579 -655 -548 -451 -349 -256 -165 = Return on equity, % 12 months 14.7% 12.8% 14.5% 13.0% 11.1% 10.7% 12.0% 13.3% Debt ratio, incl IFRS 16 Net debt incl IFRS 16 14,605 12,486 13,952 11,332 11,778 10,142 9,460 8,650 divided by Total assets 26,755 23,370 25,438 22,015 22,709 19,918 18,864 17,401 -cash and cash equivalents 935 793 948 777 1,316 967 1,137 966 =Debt ratio incl IFRS 16 56.6% 55.3% 57.0% 53.4% 55.1% 53.5% 53.4% 52.6% Debt ratio, excl IFRS 16 Net debt excl IFRS 16 2,102 1,244 1,918 953 1,020 825 987 1,222 divided by Total assets 15,312 13,058 14,451 12 543 12,761 11,289 10,951 10,353 -cash and cash equivalents 935 793 948 777 1,316 967 1,137 966 =Debt ratio excl IFRS 16 14.6% 10.1% 14.2% 8,1% 8.9% 8.0% 10.1% 13.0% 2026/27 2025/26 2024/25 SEK m., unless otherwise stated Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Interest coverage ratio Adjusted operating profit EBIT (12 months) 1,520 1,487 1,411 1,358 1,299 1,281 1,229 1,179 1,103 + Interest income (12 months) 6 6 8 10 13 17 20 23 24 + Other financial income (12 months) 74 34 29 15 22 22 6 25 18 divided by Interest expense (12 months) -766 -734 -711 -702 -711 -715 -732 -729 -694 - Interest expense (12 months) IFRS 161 -679 -656 -634 -617 -614 -611 -617 -610 -582 = Interest coverage ratio (excl. IFRS 16) 18.5 19.6 18.9 16.2 13.8 12.8 10.9 10.3 10.2 1 Amounts relate to adjustments and reclassifications made to reverse the adjustments associated with implementation of the acc ounting standard, IFRS 16 Leases, to reflect an accounting practice applied in previous accounting periods (IAS 17).

Page 33

Q1 Interim Report 2026/27 33 Definitions of key performance indicators Implementation of IFRS16 has a major impact on AcadeMedia in that all leases must be capitalised as lease assets and liabilities, respectively. Several important key performance indicators have the same definition as previously and are not affected by IFRS 16. KPIs Definition Purpose1 Number of children/students Average number of children/students enrolled during the specified period. Adult education participants are not included in the Group's total figures for number of children/students. The number of children/students is the most important driver for revenue. Number of education units Refers to the number of preschools, compulsory schools and/or upper secondary schools operating in the period. Integrated units where preschools and compulsory schools are combined are counted as two units as they each hold their own permit. The number of education units indicates how the Company grows over time through new establishments and acquisitions minus discontinued units. Number of full- time employees Average number of full-time employees during the period, full-time equivalent (FTE). The number of employees is the main cost driver for the Company. Return on equity2 Profit/loss for the most recent 12-month period according to IAS 17 i.e., excluding the effects of the implementation of IFRS16, divided by average equity applying IAS 17 (opening balance + closing balance)/2. Return on equity is a profitability measure used to set profit (loss) in relation to shareholders’ paid-in and earned capital. Return on capital employed2 Adjusted operating profit/loss (EBIT) for the most recent 12 -month period plus interest income, divided by average capital. Adjusted return on capital employed is used to set adjusted operating profit/loss in relation to total tied up capital regardless of type of financing. EBITDA Operating profit/loss before depreciation/amortisation and impairment of non-current assets and right-of-use assets. This KPI is only used for monitoring the segments which accounts for leasing of properties in accordance with IAS 17. EBITDA is used to measure profit (loss) from operating activities, regardless of depreciation/amortisation. EBITDA margin EBITDA as a percentage of net sales. EBITDA margin is used to set EBITDA in relation to sales. Equity excl. IFRS162 Equity according to IAS 17 i.e., excluding the effects of the implementation of IFRS16. Equity excluding IFRS16 is used to be able to calculate return on equity consistently. Net financial items Financial income less financial expenses. The measure Net financial items is used to illustrate the outcome of the Company’s financial activities. Free cash flow2 Cash flow from operating activities and changes in working capital inclusive of property lease payments less investments in operating activities. Investments in operating activities relate to all investments in property, plant and equipment and intangible assets except buildings and acquisitions. This measure shows how much cash flow the business generates after the necessary investments have been made. This cash flow can be used for purposes such as expansion, amortisation, or dividends. Acquired growth Increase of net sales due to larger acquisitions during the last 12 months. Indicates growth generated from acquisitions in contrast to organic growth and currency effects. Adjusted EBITDA2 Operating profit/loss according to the previous standard IAS 17 i.e., excluding the effects of IFRS16 and before amortisation/depreciation of intangible assets and property, plant, and equipment, and excluding items affecting comparability. Adjusted EBITDA is used to measure underlying profit from operating activities, excluding depreciation/amortisation and items affecting comparability. Adjusted EBITDA margin2 Adjusted EBITDA as a percentage of net sales. Adjusted EBIT margin sets underlying operating profit excluding amortisation in relation to sales. Adjusted net debt2 Net debt less real estate-related Adjusted net debt shows the portion of loans that finance the business, while property loans are linked to a building asset that can be separated off and sold. Adjusted net debt/Adjusted EBITDA2 Adjusted net debt divided by adjusted EBITDA for the past 12 months Net debt/adjusted EBITDA is a theoretical measure of how many years it would take, with current earnings (adjusted EBITDA), to pay off the Company's liabilities, including property-related loans. It shows the loan-to- value ratio of the business excluding real assets such as real estate. Adjusted EBITA² Adjusted EBITA excluding amortisation and impairment of intangible assets and items affecting comparability, calculated excluding IFRS 16 effects. In other words, the measure includes lease expenses. The measure is used to provide a fair representation of the underlying operational profitability and to enable comparisons over time and between periods, independent of leasing effects and non-recurring items. Adjusted EBITA margin² Adjusted EBITA as a percentage of net sales. The adjusted EBITA margin relates the underlying operating profit before amortisation to net sales. Adjusted EBIT2 Operating profit/loss (EBIT) according to the previous standard IAS 17 i.e., excluding the effects of the implementation of IFRS 16, adjusted for items affecting comparability. Adjusted EBIT is used to get a better picture of the underlying operating profit. Adjusted EBIT margin2 Adjusted EBIT as a percentage of net sales. Adjusted EBIT margin sets underlying operating profit in relation to sales. Items affecting comparability Items affecting comparability are income and cost of an irregular nature such as larger (>SEK 5 million) retroactive income related to prior financial years, to property-related items such as capital gains, major property damage not covered by insurance, advisory costs relating to larger acquisitions or fundraising, major integration costs resulting from acquisitions or reorganisations according to plan, as well as costs arising from strategic decisions and major restructuring that result in closing units. Items affecting comparability are used to illustrate the profit/loss items that are not included in ongoing operating activities, to obtain a clearer picture of the underlying profit trend.

Page 34

Q1 Interim Report 2026/27 34 Net debt2 Interest-bearing debt excluding property-related lease liabilities net of cash and cash equivalents and interest-bearing receivables. Net debt is used to illustrate the size of the debt less current cash and cash equivalents (which in theory could be used to repay loans). Net debt/ Adjusted EBITDA2 Net debt (closing balance for the period) divided by adjusted EBITDA for the past 12 months. . Net debt/EBITDA is a theoretical measure of how many years it would take, with current earnings (EBITDA), to pay off the Company's liabilities, including property- related loans. Organic growth incl. smaller bolt- on acquisitions Increase of net sales excluding larger acquisitions and changes in currency. The Company’s growth target is to increase net sales including smaller bolt-on acquisitions by 5-7 percent per year. The purpose of the key performance indicator is thus to follow up on this target. Employee turnover The average number of employees who left the company during the year, in relation to the average number of employees. (Number of permanent and probationary employees who quit) / (Average number of permanent and probationary employees) Calculated on an aggregated basis over the reporting period. Employee turnover is used to measure the proportion of employees who leave the company and who must be replaced every year. Earnings per share Profit/loss for the period in SEK, divided by the average number of shares outstanding, basic/diluted calculated according to IAS 33. The key performance indicator is affected by IFRS16 because net profit is affected by elimination of rent and the addition of amortisation and interest expense related to right-of-use assets. Earnings per share is used to clarify the amount of profit for the period to which each share is entitled. Interest coverage ratio2 Adjusted EBIT for the past 12 months plus financial income, in relation to interest expense excluding interest expense attributable to property -related leasing liabilities. Interest coverage ratio is used to measure the Company's ability to pay interest costs. Operating margin (EBIT margin) Operating profit/loss as a percentage of net sales. The operating margin shows the percentage of sales remaining after operating expenses, which can be allocated to other purposes. Operating profit/loss (EBIT) Operating profit/loss before net financial items and tax. Operating profit/loss (EBIT) is used to measure operating profit before financing and tax. Operating profit/loss (EBITA) Operating profit/loss before financial items, tax, and amortisation or impairment of intangible assets. EBITA is used to measure the operating result before financing and tax. Absence due to illness Short-term and long-term absence due to illness recalculated to full-time divided by the number of full-time employees (FTE). Calculated as an average over the reporting period. Absence due to illness is used to measure employee absence and provide indications as to employee health. Equity/assets ratio2 Equity according to IAS 17 i.e. excluding the effects of the implementation of IFRS16 in percent of total assets excluding property-related right of use assets. The equity/assets ratio shows the proportion of the Company's total assets financed by shareholders’ equity. A high equity/assets ratio is a measure of financial strength. Capital employed excl. IFRS162 Total assets, less non-interest-bearing current liabilities, provisions, and deferred tax liabilities adjusted for property-related lease liabilities. Or: Equity plus interest-bearing liabilities but excluding property-related lease liabilities. Capital employed indicates how much capital is needed to run the business regardless of type of financing (borrowed or equity). By excluding the IFRS16 effect, continuity can be achieved in the return figure. General All amounts in tables are in SEK million unless otherwise stated. All figures in parentheses () are comparative figures for t he same period in the previous year, unless otherwise stated. Totals of amounts in whole figures do not always match reported total s due to rounding. The reported total amounts are correct. 1According to ESMA guidelines on performance measures, each performance measure must be motivated. 2The key indicator was calculated applying IAS 17 i.e., excluding effects from implementing IFRS 16, as the implementation had a significant impact on assets and liabilities as well as items in the income statement. By excluding the IFRS 16 effects continuit y is achieved.

Interim report

Page 1

Page 2

Page 3

Page 4

Page 5

Page 6

Page 7

Page 8

Page 9

Page 10

Page 11

Page 12

Page 13

Page 14

Page 15

Page 16

Page 17

Page 18

Page 19

Page 20

Page 21

Page 22

Page 23

Page 24

Page 25

Page 26

Page 27

Page 28

Page 29

Page 30

Page 31

Page 32

Page 33

Page 34

Sign in to continue

Interim report

Page 1

Page 2

Page 3

Page 4

Page 5

Page 6

Page 7

Page 8

Page 9

Page 10

Page 11

Page 12

Page 13

Page 14

Page 15

Page 16

Page 17

Page 18

Page 19

Page 20

Page 21

Page 22

Page 23

Page 24

Page 25

Page 26

Page 27

Page 28

Page 29

Page 30

Page 31

Page 32

Page 33

Page 34

Sign in to continue