Strong Financial Performance
Sales grew by 3% and profits by 10% with an EBIT margin of 16.9% and strong free cash flow generation. Adjusted EPS increased by 7% to 62.1p.
Successful Contract Renewals
Pearson VUE achieved a customer retention rate of 99% and successfully renewed key contracts in U.S. student assessments.
Partnerships and Technological Advancements
New partnerships with AWS and Microsoft, focusing on leveraging AI and expanding enterprise learning solutions.
Enterprise Learning and Skills Growth
Workforce Skills division turned profitable and is set to grow high single digits with new contracts with ServiceNow, Microsoft, and AWS.
Dividend and Share Buyback
Increased dividend by 6% and announced a £350 million share buyback due to strong free cash flow.