Pearson reports Q1 underlying sales growth of 4%

Assessment & Qualifications sales were down 1%, as expected. Growth in Pearson (PSO) Professional Assessments was driven by continued momentum from new contracts launched last year, partially offset by headwinds in PDRI. Clinical Assessment grew due to the continued traction of our products, particularly in International markets, pricing, and digital product growth. US Student Assessment won a new statewide assessment contract in Wyoming in the period, but sales declined impacted by the previously disclosed loss of the New Jersey contract. UK & International Qualifications declined slightly due to delivery phasing, reversing in Q2. Virtual Learning sales grew 21%, reflecting strong enrolment momentum within 2025/2026 academic year with enrolment growth increasing to 15%, alongside funding upside that phased earlier than last year, and favourable mix. Enrolment performance continues to be supported by ongoing investment in marketing and strong execution. Higher Education sales were up 2%, driven by continued solid performance in our core US Courseware business, partially offset by challenging trading conditions in mature International markets. In the quarter, there was growth of 19% in Inclusive Access and 2% in US digital subscriptions. English Language Learning sales increased 2%, driven by Institutional. Pearson Test of English declined slightly due to a continued tough market backdrop. Enterprise Learning & Skills sales were up 8%. Vocational Qualifications grew well, in part benefitting from revenue phasing. Enterprise Solutions grew strongly, driven by the monetisation of strategic partnerships, including Salesforce.