NEW HORIZONS TRAVEL

ver contributions from other qualified retirement plans are also accepted, including rollover contributions categorized as Roth contributions, provided certain conditions are met. Employer matching contributions are made to participants who have completed one year of service. For the year ended December 31, 2022, the Company contributed an amount equal to 25% of the participants’ contributions on up to 8% of the participants’ eligible compensation. The Company may also make additional discretionary contributions to participants under the terms of the Plan. No such discretionary contributions were made during the plan year ended December 31, 2022. Vesting Employees are immediately vested in their own contributions and related earnings. Company contributions to participants and earnings ther

ionary contributions to participants under the terms of the Plan. No such discretionary contributions were made during the plan year ended December 31, 2022. Vesting Employees are immediately vested in their own contributions and related earnings. Company contributions to participants and earnings thereon are 20% vested after the second year of employment and vest 20% each year thereafter, such that a participant is 100% vested after six years of continued employment. A vested year is one in which a participant works a minimum of 1,000 hours between January 1st and December 31st. In addition, an active participant’s entire account balance becomes 100% vested and payable upon the participant’s normal retirement (as defined in the Plan), disability, or death. Participant Accounts Individual

,179 DEDUCTIONS Net depreciation in fair value of investments 65,074,474 Benefits paid to participants 24,552,202 Deemed distributions of notes receivable from participants 79,261 Administrative expenses 631,525 Total deductions 90,337,462 NET DECREASE IN NET ASSETS (53,833,283) NET ASSETS AVAILABLE FOR BENEFITS Beginning of year 392,035,260 End of year $ 338,201,977 See accompanying notes to financial statements. 5 Table of Contents BRIGHT HORIZONS 401(k) PLAN NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 1. DESCRIPTION OF THE PLAN The following description of the Bright Horizons 401(k) Plan (the “Plan”) is provided for general information purposes only. Participants should refer to the Plan document, as amended, for more complete information. General The Plan is a defined-contribution

ompetitive base pay (with variable pay programs to reward outstanding performance), bonus programs, long-term incentive programs, benefits programs, retirement savings options and matching contributions, paid time off for sick, vacation and volunteer work, a global employee stock purchase plan and protected leave time for medical and family care, of which both medical and bonding leaves are paid. As part of our continuous effort to cultivate a better workplace, we solicit feedback from all global colleagues regularly through engagement and pulse surveys. These surveys focus on a variety of different areas, including engagement and alignment with our GBT behaviors. In the most recent annual engagement survey performed in November 2025, we achieved an 82% participation rate. We had an overal

hange increase/(decrease) (in $ millions except percentages) 2025 2024 $ % General and administrative $ 290 $ 308 $ (18) (6) % 61 For the year ended December 31, 2025, general and administrative expenses decreased by $18 million, or 6%, due to (i) a $17 million decrease resulting from cost saving initiatives, (ii) a $15 million decrease in employee incentives , (iii) a $10 million decrease in mergers and acquisitions costs, and (iv) a $4 million decrease in integration costs, partially offset by (v) $24 million of incremental expenses resulting from the CWT acquisition and (vi) $4 million increase in head office and other corporate costs. Restructuring and Other Exit Charges For the year ended December 31, 2025, restructuring charges of $52 million primarily related to restructuring action