Learnd Se Class A · XETR:LRND
Learnd Se Class A — H1 2025 Earnings Presentation
12 slides from Learnd Se Class A's earnings presentation, Oct 1, 2025
Slide 1: learnd SE 2025 Half-Year Interim Results Presentation
learnd SE 2025 Half-Year Interim Results Presentation 1 This is 01/10/2025 the footer
Slide 2: Safe Harbor Statement
Safe Harbor Statement The information included in this presentation is being provided for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to purchase, securities of learnd SE. No public market exists for the securities of learnd SE in the United St
Slide 3: Contents
Contents 1 Interim Results - Executive Summary - Summary Financials - learnd Financials 2 Sale of a majority stake in learnd Ltd. - Transaction Rational - Pre- and Post-Transaction Structure - Management and Supervisory Board changes 3 Appendix 3
Slide 4: Executive Summary
Executive Summary • While revenues grew strongly, gross profit increased only slightly due to higher employment costs from UK government measures, resulting in only a modest improvement in adjusted EBITDA and a slightly lower profit: Metric (kEUR2) H1 20251 H1 20241 Delta Delta % Revenue 35.236 29.9
Slide 5: learnd Financials
learnd Financials Income Statement (kEUR 2) H1 20251 H1 20241 Delta Assets and Liabilities (kEUR2) 30 Jun 20251 31 Dec 20241 Delta Revenue 35.236 29.921 5.315 Non-current assets 28.873 29.347 -473 Cost of sales -23.506 -18.447 -5.059 Current assets 25.797 24.636 1.161 Gross profit 11.730 11.473 256
Slide 6: Contents
Contents 1 Interim Results - Executive Summary - Summary Financials - learnd Financials 2 Sale of a majority stake in learnd Ltd. - Transaction Rational - Pre- and Post-Transaction Structure - Management and Supervisory Board changes 3 Appendix 6
Slide 7: Transaction Rational
Transaction Rational The transaction was initiated in particular for the following reasons: • The current structure is overly complex and costly, particularly given the strategic shift towards growing the business in the UK and Ireland, where there are much greater synergies and a broad range of pot
Slide 8: Pre- and Post-Transaction Structure
Pre- and Post-Transaction Structure1 Following the transaction, learnd SE will retain an indirect minority stake of 49.5% in learnd UK and Ireland Group, while the Founders will hold the majority with 50.5%. learnd SE shareholders Founders learnd SE shareholders Founders 89% 11% 100% 100% learnd SE
Slide 9: New Appointment to the Management Board and changes in the Supervisory Board
New Appointment to the Management Board and changes in the Supervisory Board • Immediately prior to the Transaction, John Clifford and Simon Wood have resigned from the management board of learnd SE to avoid conflicts of interest. • The supervisory board of learnd SE has appointed Gisbert Rühl, the
Slide 10: Contents
Contents 1 Interim Results - Executive Summary - Summary Financials - learnd Financials 2 Sale of a majority stake in learnd Ltd. - Transaction Rational - Pre- and Post-Transaction Structure - Management and Supervisory Board changes 3 Appendix 10
Slide 11: Exchange rates
Exchange rates Exchange Rates H1 20251 H1 20241 Average rate EUR-GBP 0,8423 0,8547 Half-Year-end spot rate EUR-GBP 0,8555 0,8464 (1) Aligned to Consolidated Financial Statements – note 2.3 11
Slide 12: Investor Relations
Investor Relations Investor Relations Website http://ir.learnd.eu Investor Relations Contact [email protected] Company Publications https://ir.learnd.eu/publications/ 12