Trading Update on Autumn 2025 Intake

29 Sep 2025 07:30 CEST

Lumi Gruppen (the “Company”) today provides a trading update following the
conclusion of the autumn 2025 intake across its key segments.

Oslo Nye Høyskole (ONH)
The Company is pleased to report that its largest segment, ONH (the ONH segment
includes Oslo Nye Høyskole, Oslo Nye Fagskole and ONH Education), continues to
deliver strong growth, achieving a 14 per cent increase in revenue from new
contracts signed for the academic year 2025/26. This sustained double-digit
growth in student intake reflects the continued demand for the Company’s
programmes and further strengthens ONH’s position as a fast-growing leader in
online tertiary education.

Outlook for the academic year 2025/26 (1 July 2025 to 30 June 2026)
• New contracts, combined with recurring revenues, are expected to deliver total
revenue growth of approximately 14 per cent.
• Estimated revenue*: NOK 323–326 million (versus NOK 285 million in the prior
year).
• ONH expects to deliver an adjusted EBIT margin ahead of the 21.4 per cent
reported for the prior academic year, trending towards the financial ambitions
of an EBIT margin of 25-30 per cent, announced for the academic year 2026/27.


Sonans
Sonans (the Sonans segment includes Sonans and Realfagshjelpen) has continued
its positive development for the second consecutive year. Revenue growth for the
academic year 2025/26 is expected in the range of 6–8 per cent. The segment is
now on track to reach operating profit levels close to its stated ambition ahead
of the previously communicated recovery timeline, with adjusted EBIT margins
improving. This performance reflects both the impact of efficiency initiatives
already implemented and those still being rolled out, combined with
stabilisation in student volumes.

Outlook for the academic year 2025/26 (1 July 2025 to 30 June 2026)
• Revenue growth: 6–8 per cent.
• Estimated revenue*: NOK 198–202 million (versus NOK 187 million in the prior
year).
• Sonans expects to deliver an adjusted EBIT margin above the prior academic
year, moving towards the financial ambitions of an EBIT margin of ~15 per cent
announced for 2026/27.


* Revenue is defined as Operating Revenue in the Group’s financial statements.


Nina Vesterby, CEO of Lumi Gruppen, commented:

"The positive intake trend over recent weeks sets the stage for another academic
year of solid revenue growth across both our segments. This growth is combined
with efficiency initiatives driving margin improvements in line with our
medium-term financial ambitions.”

For further information please contact:

Martin Prytz, CFO and Head of Investor Relations E-mail: IR@lumigruppen.no
Mobile: +47 480 14 078

About Lumi: Lumi Gruppen is a leading Norwegian education provider founded in
1989. Today, Lumi Gruppen consists of two main divisions: Sonans and Oslo Nye
Høyskole. Sonans is the market leader in Norway within private candidate exam
preparation courses, and Oslo Nye Høyskole offers high quality bachelor’s
degrees within health, social sciences, psychology and business and
administration, both on campus and online.

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