Eeducation Albert Ab · OMXSTO:ALBERT
Eeducation Albert Ab — Q3 2026 Earnings Presentation
27 slides from Eeducation Albert Ab's earnings presentation, Oct 28, 2026
Slide 1: Interim Report January–September 2026
Interim Report January–September 2026
Slide 2: This is Albert Group
This is Albert Group The Albert Group develops and sells EdTech products for The consumer products are provided via apps for a fixed schools (B2B) and consumers (B2C). The company was annual or monthly fee, made available on the Apple App founded in 2015 with the goal of democratising education Store
Slide 3: CEO Comments: From reset to investment
CEO Comments From reset to investment. A year ago we were cutting. This year we are investing, and the core is responding. Net revenue for continuing operations grew year-on-year, invoiced sales rose, and ARR grew by 8 mSEK during the quarter. Adjusted nine-month EBITDA improved by 10 mSEK. We hold
Slide 4: Key figures
Key figures 2026 2025 2026 2025 2025 kSEK Jul-Sept Jul-Sept Jan-Sept Jan-Sept Jan-Dec Total Group ARR (Annual recurring revenue) 133,997 141,949 133,997 141,949 134,366 Net revenue 36,698 40,789 104,135 120,988 161,083 EBITDA 146 18,738 -1,272 1,618 3,802 EBITDA MARGIN (%) 0.4% 45.9% -1.2% 1.3% 2.4%
Slide 5: The quarter in brief
The quarter in brief 1 July – 30 September (Q3) 1 January – 30 September ● Annual recurring revenue (ARR) from subscriptions for ● Annual recurring revenue (ARR) from subscriptions was continuing operations was 133,997 (137,208) kSEK, which 133,997 (137,208) kSEK, which is a decrease of 2% is a decr
Slide 6: Q3 Financial KPIs
Q3 Financial KPIs Net revenue Quarterly Net revenue in MSEK, Q1 2023 to Q3 2026 Net revenue, Continuing Operations Quarterly Net revenue for Continuing Operations in MSEK, Q1 2023 to Q3 2026 eEducation Albert AB (publ) Interim Report January–September 2026 6
Slide 7: Q3 Financial KPIs (cont.)
Q3 Financial KPIs (cont.) EBITDA Quarterly EBITDA in MSEK, Q1 2023 to Q3 2026 EBITDA, Continuing Operations* Quarterly EBITDA for Continuing Operations in MSEK, Q1 2023 to Q3 2026 * Also adjusted for reversal of major Sumdog acquisition earn out in Q4 2023 eEducation Albert AB (publ) Interim Report
Slide 8: Q3 Financial KPIs (cont.)
Q3 Financial KPIs (cont.) Cash flow Quarterly Cash Flow in MSEK, Q1 2023 to Q3 2026 Cash Balance Quarterly Cash Balance in MSEK, Q1 2023 to Q3 2026 eEducation Albert AB (publ) Interim Report January–September 2026 8
Slide 9: Q3 Revenue Overview
Q3 Revenue Overview Albert had total net revenue of 36,698 (40,789) kSEK in the third quarter, corresponding to a decrease of 10%. Organic and acquired revenue ■ B2B revenue from other products 7% (18%). The decrease is mainly connected to the divestment of No acquisitions were made that impact the
Slide 10: Q3 Financial overview
Q3 Financial overview Third quarter Net revenue and results Amortisation of acquired intangible assets during the Invoiced sales for the continuing operations during the quarter amounted to 4,621 (4,621) kSEK, while quarter amounted to 34,590 (33,577) kSEK, an increase amortisation of goodwill durin
Slide 11: Q1-Q3 Financial overview
Q1-Q3 Financial overview January–September Net revenue and results Working capital Invoiced sales for continuing operations for the first three As of 30 September, working capital amounted to -66,410 quarters of the year amounted to 114,675 (115,420) kSEK, (-63,885) kSEK. The change is due to lower p
Slide 12: Other information
Other information Investments Transactions with related parties During the quarter, the Albert Group invested 1,207 (915) During the period, no related party transactions occurred kSEK in internally developed intangible assets, which other than customary remuneration to the Board of included develop
Slide 13: Content
Content Summary of Financial Reports 14 Consolidated income statement 15 Consolidated balance sheet 17 Consolidated changes in equity 18 Consolidated statement of cash flow 19 Parent Company income statement 20 Parent Company balance sheet Notes 22 Note 1 Accounting principles 22 Note 2 Estimates and
Slide 14: Income statement
GROUP Income statement Note 2026 2025 2026 2025 2025 kSEK Jul-Sept Jul-Sept Jan-Sept Jan-Sept Jan-Dec Net revenue 8 36,698 40,789 104,135 120,988 161,083 Capitalised work for own account 3 1,207 915 3,568 6,801 7,848 Other income 41 18,972 3,877 18,740 18,755 37,946 60,676 111,580 146,529 187,686 Op
Slide 15: Balance sheet
GROUP Balance sheet Note 2026 2025 2025 kSEK 30 Sep 30 Sep 31 Dec ASSETS Fixed assets Intangible assets Capitalised development costs and similar work 3, 4 11,287 22,555 18,603 Goodwill 3, 4 19,942 39,240 34,302 Concessions, patents, licences, brands as well as similar rights 3, 4 4,714 15,796 12,85
Slide 16: Balance sheet (cont.)
GROUP Cont. Balance sheet Note 2026 2025 2025 kSEK 30 Sep 30 Sep 31 Dec EQUITY AND LIABILITIES EQUITY Share capital 1,256 1,256 1,256 Other capital contributed 520,838 520,838 520,838 Retained earnings including profit/loss for the period -506,794 -466,541 -476,673 Shareholders' equity, attributable
Slide 17: Changes in equity
GROUP Changes in equity Retained earnings Other capital including profit/loss for kSEK Share Capital contributed the period Total Equity Opening equity 2025-01-01 1,256 520,838 -411,894 110,200 Result for the period - - -52,540 -52,540 Changes in equity Translation difference - - -2,804 -2,804 Employ
Slide 18: Cash flow statement
GROUP Cash flow statement 2026 2025 2026 2025 2025 kSEK Jul-Sept Jul-Sept Jan-Sept Jan-Sept Jan-Dec Operating activities Operating profit/loss -11,063 -9,196 -35,160 -54,781 -65,066 Adjustments for non-cash flow items Depreciation, amortisation and impairment 11,209 27,934 33,888 56,399 68,868 Gain/los
Slide 19: Parent Company income statement
PARENT COMPANY Income statement Note 2026 2025 2026 2025 2025 kSEK Jul-Sept Jul-Sept Jan-Sept Jan-Sept Jan-Dec Net revenue 17,061 16,586 47,095 47,736 63,060 Capitalised work for own account 451 332 1,703 3,020 3,602 Other income 1,556 2,221 7,153 10,926 12,861 Total operating income 19,068 19,139 5
Slide 20: Parent Company balance sheet
PARENT COMPANY Balance sheet Note 2026 2025 2025 kSEK 30 Sep 30 Sep 31 Dec ASSETS Fixed assets Intangible assets Capitalised development costs and similar work 4,577 8,196 6,883 Concessions, patents, licences, brands as well as similar rights 32 161 129 4,609 8,357 7,011 Financial assets Shares in g
Slide 21: Parent Company balance sheet (cont.)
PARENT COMPANY Cont. Balance sheet Note 2026 2025 2025 kSEK 30 Sep 30 Sep 31 Dec EQUITY AND LIABILITIES EQUITY Restricted equity Share capital 1,256 1,256 1,256 Development expenditure reserve 4,925 8,196 6,881 6,181 9,452 8,137 Non-restricted equity Share premium reserve 520,838 520,838 520,838 Ret
Slide 22: Notes
Notes Note 1. Accounting principles This interim report has been prepared in accordance with For 2026, the consolidated accounts include eEducation the Annual Accounts Act (1995:1554) and the accounting Albert AB (publ), eEducation Albert Invest AB, Ampd AB, principles set out in BFNAR 2012:1 Annual
Slide 23: Note 4 Discontinued Operations, Note 5 Equity
Note 4. Discontinued Operations During September 2025, the Group divested the net assets (business assets and liabilities) of the subsidiary Strawbees AB. The divestment involved the cessation of all operational activities. On 6 May 2026, Kids MBA (Holy Owly) entered judicial liquidation by the Comm
Slide 24: Note 6 Share-related compensation, Note 7 Events after period
Note 6. Share-related compensation As of 30 September 2026, the company has two employee The second, consisting of a total of 1,162,143 warrants in stock option programmes. The first, consisting of up to the company's incentive programme, Warrant Program 1,793,479 options, entitles the holders to sub
Slide 25: Key Figures – Definitions
Key Figures – Definitions Financial key figures Definition Motivation for users Net revenue Net revenue refers to income from the sale of Net revenue provides a clear and goods and services within the ordinary accurate picture of a company’s actual business. income from its core operations. Invoiced Sa
Slide 26: Key Figures – Definitions (cont.)
Cont. Key Figures – Definitions Financial key figures Definition Motivation for users Net cash (-)/debt (+) Interest-bearing liabilities minus Shows the company's total interest-bearing receivables and cash and cash indebtedness. equivalents. Working capital Current assets, excluding cash and cash Clar
Slide 27: Contact and Financial Calendar
The Board of Directors and the CEO ensure that the interim report provides a fair overview of the company’s operations, position and results and describes significant risks and uncertainties that the company faces. Signature of report Gothenburg, 28 October 2026 Björn Bengtsson Carl Kinell Fredrik Be