3P Learning (3PL) investor relations material

Executive summary

• Paid first dividend in 11 years, reflecting improved profitability, cash generation, and disciplined cost management.

• Transitioned from product investment to commercial execution, focusing on operational progress, AI-driven productivity, and restructuring into dedicated B2B and B2C units.

• Benefited from Digital Games Tax Offset (DGTO) in Australia, boosting reported profits and cash flows.

• Secured major wins in New Zealand and the U.S., including approval as a vendor for the NZ Ministry of Education and growth in the U.S. homeschool market.

Financial highlights

• Total revenue for FY 2026 was $112.9 million, up $3.8 million or 4% year-over-year, including $8.6 million DGTO other income.

• Underlying EBITDA rose 26% to $19.5 million, with margin improving to 17% and driven by cost savings and DGTO income.

• Statutory net profit after tax was $9.9 million, up from $0.2 million in FY25; underlying net profit after tax grew 54% to $13.1 million.

• Net cash at year-end was $15.7 million, up $4.1 million from last year, with no debt.

• Declared a partially franked dividend of 3.52 cents per share for FY 2026.

Outlook and guidance

• Expect stronger revenue momentum in the second half of FY 2026-2027 due to delayed revenue recognition.

• Disciplined cost management, targeted product development, and increased use of AI tools to continue.

• Anticipate increased school sales in New Zealand and growth in the U.S. homeschool market.

• Ongoing focus on blended digital and print solutions to meet market demand.