Financial Performance Exceeds Expectations
Pearson delivered a financial performance in line with market expectations, growing sales by 3% and profits by 10%, with an EBIT margin of 16.9% and strong free cash flow generation.
Strategic Partnerships with AWS and Microsoft
Pearson announced a partnership with AWS, following a similar strategic partnership with Microsoft, to enhance tech transformation and expand business relations in Enterprise Learning and Skills.
AI Integration Across Products
Pearson scaled the application of AI across a wide range of products and services, enhancing their educational offerings and operational efficiencies.
English Language Learning Growth
Despite a challenging market, Pearson's PTE sales grew, and new AI-powered products for English students and teachers were launched, providing a strong basis for future growth.
Successful Contract Renewals and Expansions
Pearson VUE achieved a customer retention rate of 99%, successfully renewing key contracts in U.S. student assessments and scaling their qualifications business internationally.
Strong Free Cash Flow and Shareholder Returns
Operating cash conversion was 110%, and free cash flow conversion was 117%, enabling a 6% increase in dividends and a new £350 million share buyback.