Annual Report 24 - 42 Portugal : simplebooklet.com

A WORDFROM THEFOUNDERPedro Santa ClaraFounderDear Readers,We are proud to present the 42 Portugal2024 Annual Report, showcasing ourmilestones, achievements, and vision for thefuture. Since its inception, 42 Portugal hasfostered a transformative learningenvironment, empowering individuals with theskills to excel in the digital world.Over the years, we have celebrated keysuccesses, including the impact of thePiscines, strengthened our community,embraced technological advancements, andexpanded our reach. This year has been oneof change, growth, and innovation,reinforcing our commitment to enhancinglearning experiences and creating newopportunities.Through collaboration, resilience, and ashared vision, we have built a strongfoundation that allows our students to pushboundaries and redefine what is possible inthe ever-evolving tech landscape. Thededication and passion of our students, staffand partners continue to inspire us as westrive to provide a world-class educationalexperience rooted in creativity, problem-solving, and inclusivity.Looking ahead, we remain dedicated todeepening our impact, fostering newcollaborations, and strengtheningpartnerships that support our mission ofmaking high-quality, accessible educationavailable to all. As we reflect on ourjourney so far, we extend our sinceregratitude to everyone who has contributedto our success.Your belief in our mission fuels our drive toinnovate and expand, ensuring that 42 inPortugal remains a leader in education anda catalyst for meaningful change. We inviteyou to explore this report as we continueshaping the future of education together,embracing new challenges, seizingopportunities, and empowering the nextgeneration of tech pioneers.Sincerely,5

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Vanessa ZdanowskiCEO 42 PortugalDear Partners, Supporters, and Friends of42 Portugal,I am delighted to share reflections on our incrediblejourney as we mark our fourth year at 42 Portugal.First and foremost, I want to extend my deepestgratitude to our esteemed partners. Your unwaveringsupport and collaboration have been the cornerstoneof our success, and I am truly grateful for our sharedcommitment to excellence in coding education.I also want to sincerely thank our applicants andstudents, who have chosen to prioritize qualitylearning and education. Your dedication to personaland professional growth is remarkable, and we arehonored to support you on your journey.A special thank you goes to our dedicated staff,whose passion and commitment make everything wedo possible. Their hard work behind the scenes—mentoring students, organizing events, and ensuringthe smooth operation of our campuses—plays a vitalrole in our success. Their belief in our mission andtireless efforts continue to drive 42 Portugal forward,and for that, I am incredibly grateful.A WORD FROM42 PORTUGALThis annual report highlights the keymilestones and events of the past year—notonly from the perspective of the 42 Portugalteam but, most importantly, through the eyesof our students. Their influence in shaping theschool is invaluable.Looking ahead, we remain committed topushing the boundaries of coding educationin Portugal. With your continued support andcollaboration, I am confident that we willmake even greater strides in the world oftechnology.Thank you for your trust, partnership, andbelief in our mission.Warm Regards,7

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PEOPLE OF 42 IN PORTUGAL We owe a debt of gratitude to our incredible team. Thank you for your tireless dedication,passion, and hard work. You have helped us achieve great success, and we could not havedone it without you. Your commitment to our mission and your unwavering support havebeen invaluable. We are honored to have you on our team and look forward to continuingto work together to achieve even greater heights. Ana Roque Dantas, Public Funding &CertificationsAna CharruaCorporate Funding &Advance Programs Ana CondutoHead of Architecture Beatriz Cardoso Fernandes COOCarolina FulcherCMOFrancisco MartinsCFOCarlota Campos42 Lisboa Facilities &Workplace ManagerDiogo MoreiraMarketing & CommunicationSpecialistFilipa Dinis da SilvaSchool PsychologistGuilherme MachadoStudents OperationsSupportLuís OliveiraFinancial Controller Jacinta Alves-AlmeidaPeople Specialist Joana FonsecaStudent Affairs Manager Liliana TavaresAccounting ManagerLuísa Castelo BrancoHead of People 12

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42 Porto at Central da Picaria With full rent support from our benefactor MEO, 42 Porto relocated to a new campus at Central daPicaria, a historic building in downtown Porto, this year in March.Since opening our doors in June 2022 at the former Palácio dos Correios - provided by foundingpartner Critical Techworks - 42 Porto has experienced rapid growth. This new space enables 42 tosignificantly expand its presence in Porto and the North of the country, meeting the increasingdemand for the course from both Portuguese and international students.With nearly 400 students, 500 candidates per Piscine season, and a growing number ofpedagogical initiatives and advanced programs, we now have an incredible space to thrive andaccommodate our ambitious growth plans.YEAR OF CHANGE16

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42 Lisboa at Factory Lisbon42 Lisboa moved in August from its first address in a former printing house in Penha de França toFactory Lisbon, at the Beato Innovation District. Our campus now occupies 1,200 square meterswithin a dynamic hub that hosts various startups and scaleups.Factory Lisbon embodies everything that 42 aspires to: innovation, creativity, and entrepreneurship.Our ambition is to provide our students with a vibrant working environment, surrounded by techcompanies, startups, and a constant stream of creative initiatives and cultural events.We sincerely thank BA Glass, Mercedes-Benz.io, NTT DATA, Porto Innovation Hub, and Sonae forwarmly welcoming our students to study in their offices during our transition to our new homes.During this period, our students had the opportunity to attend talks, take on coding challenges, andexperience different working environments. Your support has been invaluable in making thistransition enriching and smooth.17

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By the end of 2024, since its launch in 2020, 42 in Portugal had receivedover 60,000 applications. These numbers reflect the tremendous effort tobuild awareness of the 42 brand, resulting in a consistently high volume ofapplications across both campuses over the years.From 2020 to 2024, 29 Piscines were held, welcoming over 4,500 high-potential candidates, with a conversion rate of approximately 35% (~1,700enrolled students).In 2025, with growing interest in 42 Portugal, each campus will now hostfour Piscines per year - half in winter and half in summer - welcoming 200 to250 participants per selecting session. This means we expect between 1,500and 2,000 new pisciners during the year.Beyond numbers, 42 Portugal has continuously enhanced the learningexperience through structural and pedagogical initiatives. A key focus hasbeen increasing gender diversity and the proportion of students aged 18 to25, as they are more likely to commit full-time to the program.To boost female participation, targeted marketing efforts led to a significantrise in female pisciners from 20% in 2020 to nearly 25% in 2024. Attracting high school students, parents, and educators has also been apriority. Since 2022, participation in career fairs like Futurália, open houseevents, and geolocated social media campaigns has helped increase thepercentage of 18–25-year-old pisciners in Lisboa that currently representmore than half of total candidates. However, in Porto, efforts continue toreach the desired numbers (38%).THE PISCINES+60 KApplications4.5 KPisciners29Piscines19

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Male83.4%Female16.3%Other0.4%0% 5% 10% 15% 20% 25% 30%18-2122-2526-2930-3334-37+3817%27%23%18%7%8%OUR STUDENTSAt 42 in Portugal, we believe that diversity is not just a value - it’s a force that drivesinnovation, creativity, and personal growth. With students from over 30 nationalities of 4continents, our community thrives on the richness of different perspectives and experiences.This cohort has people from all backgrounds, each contributing their unique experience andskill sets. By working together, they resolve challenges in ways that reflect their experiences,from a fashion designer learning to write code to a media manager applying creativeproblem-solving in technology.The school welcomes students who don’t follow the traditional education path, whetherbecause the conventional model doesn’t suit them or because they need to work while learningthe skills needed for the job market. By not requiring prerequisites, we make educationaccessible to everyone, no matter their background. This approach gives people the chance tolearn at their own pace and gain the skills that matter most in today’s world.Gender AgeAverage27.7Country of origin817 STUDENTS20

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Working32%Unemployed or Gap Year31%Other or N/D17%Full-time Student10%Studying elsewhere7%Both studying elsewhere and working3%A little47%Some24%None20%N/A5%A lot4%5044808669703746676755467624Current Status Previous Experience with Coding1/2studentsdedicate tosomethingelse 2/3none to littlecodingexperienceStudents Progress399 318 100Graduates2025 Graduates(estimated)Milestone 1 Milestone 2 Milestone 3 Milestone 4 Milestone 5 Milestone 6Internship or42 AdvanceAt 42, progress in the Common Core journey is measured by the completion of six milestones.Each milestone consists of multiple projects, exams, and tasks designed to develop essential skillsand knowledge. These milestones mark significant achievements and key progress points.Students are expected to complete three milestones in their first year and three in their secondyear. Based on this timeline, we anticipate around 300 graduates in 2025, adding to the first100 students who have already completed the Common Core.21

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Since December 2022, 42 in Portugal has been conducting a biannual student satisfactionsurvey to gain valuable insights into the student experience. The results allow us to celebrateour successes while continuously identifying opportunities for growth. In 2024, we are proudto see that over 90% of students who participated in the survey would recommend 42 to theirpeers. This result demonstrates the effectiveness of our learning model and the trust studentsplace in the program.At the same time, the survey highlights areas where we can evolve to better meet studentneeds. One of the most important findings is the growing number of students balancing theirstudies with other commitments, particularly work. In Lisbon, almost half of the studentsbalance 42 with other studies or employment. In Porto, this percentage is even higher, with asubstantial number holding full-time or part-time jobs. This reality shapes their experience at42, influencing their engagement, participation, and progression through the curriculum. With such a diverse student body, expectations around time commitment and flexibility remaina key discussion point. While 42’s peer-learning model offers a unique level of freedom, thedata confirms that students who dedicate less than 20 hours per week face a significantlyhigher risk of dropping out. To help students succeed, we continue to reinforce clearcommunication from the very beginning of their journey—whether as candidates, pisciners, oractive students—ensuring they fully understand the commitment required to succeed at 42.More than just developing technical skills, students are developing autonomy andresponsibility, essential skills that prepare them for real-world challenges.INSIGHTS FROM STUDENTS22

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Beyond the academic experience, we recognize the importance of a strong, connectedcommunity. The latest survey revealed that while students appreciate the events and initiativesin place, participation levels remain lower than expected. Many students express difficulty inattending activities due to scheduling conflicts, particularly those who work during traditionalbusiness hours. To address this, we are developing more flexible scheduling options andinitiatives that allow for interactions across cohorts and campuses.Another central theme in the surveys was career support. As students progress in their studies,they naturally look ahead to their next steps in the job market. Some students feel that jobopportunities that are presented to them do not always align with their technical level. Inresponse, we are expanding our career services team and increasing the number of career-focused workshops and networking events to ensure students are not only well-prepared butalso well-connected to industry opportunities, to ensure a smooth transition to their desiredcareer. 23

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BUILDING A STRONG COMMUNITYThroughout 2024, 42 in Portugal has remained committed to providing a diverse range ofinitiatives designed to boost student engagement, development, and skill-building. Our focushas been on building an inclusive community where students are encouraged to connect,collaborate, and grow.This diversity not only enriches the learning environment but also positions our community tomake a meaningful impact on the tech sector in the future. The synergy between individualsfrom different backgrounds enables an environment of continuous learning, where eachinteraction brings new ideas and mutual respect. This atmosphere helps students navigatechallenges, preparing them to become adaptable professionals with a global perspective.Both campuses prioritised empowering students to take ownership of their campus life throughsupport for their Student Associations and Student Clubs. These groups played an essential rolein shaping the campus experience, organising events, and building a sense of community.Clubs like the English Club, Entrepreneurship Club, Hardware Club, and Game DevelopmentClub provided spaces for students to connect, explore their interests, and collaborate onprojects aligned with their passions.Building on the success of the previous editions of the Ford Program, which connects newstudents with experienced peers, we continue to encourage the sharing of knowledge,particularly around the unique responsibilities and challenges at 42. Looking ahead to 2025,we are excited to launch a new mentorship program, pairing students with alumni and industryleaders in a more structured way. This initiative aims to offer tailored career support, givingstudents the chance to gain insights from professionals in the tech industry and better navigatetheir career paths.We also continued our efforts to reduce gender inequality in the tech sector. Through strategicpartnerships with organizations such as As Raparigas do Código and Women in TechPortugal, and through targeted social media and email marketing campaigns, we worked toengage and support female candidates. Additionally, we were represented at major eventslike the Women in Tech Porto Summit, where we highlighted the role of women in technology.As part of our global network, 42 students had access to remote events such as Fireside Chatswith 42 Alumni, Talks & Masterclasses on various topics, and International CodingChallenges, connecting them with an international tech ecosystem. At the core of our student engagement efforts were the monthly community meetings, wherestudents received updates, shared experiences, and celebrated milestones. These gatheringsallowed students to connect with peers and staff, stay informed about campus life, andpromote a stronger sense of belonging within the 42 Portugal community. Milestones werecelebrated by offering new badges to students for each completed milestone, recognizing theirachievements along the way. Over one-third of our students subscribed to participate in atleast one monthly community meeting.24

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As part of our commitment to student well-being, Student Counselors at the 42 Lisboa andPorto campuses have played a key role in supporting student mental health and success.Taking into consideration significant campus changes and the challenges of our teachingmodel, they have consistently provided vital support, promoting emotional well-being. They’vealso offered basic mental and physical first aid training to help students manage campusemergencies. Additionally, they’ve organized team-building activities to strengthen thecommunity and encourage collaboration. Through these efforts, we continue to prioritizemental health as a key factor in student successOur relationships with 42 supporting companies were further strengthened in 2024, providingstudents with increased opportunities for access to highly qualifies professionals,internships/job offers and networking. These collaborations offered real-world experiences thatenriched students' learning and development. For 2025, we are committed to maintaining ouremployability targets at near full capacity by actively supporting students in securinginternships and job placements after graduation.As part of our strong relationships, a major highlight of the year was the organization of 7Hackathons and coding challenges, engaging over 100 students in solving real-worldchallenges in collaboration with industry partners, including BA Glass, Axians, Google Cloud,Vicaima, and CaetanoBus. One standout moment was when the team from 42 Porto won theGoogle Cloud Hackathon: Leveraging AI for Portugal, underscoring the exceptional talent andinnovation within our student community. Competing against five other universities, andsecuring first place made the victory even more special.In addition, more than 30 workshops and masterclasses with industry professionals providestudents with valuable insights into current trends and best practices. Initiatives like 42 Talksand the new Tech Steps Series, led by industry representatives and subject matter experts, hadtremendous positive feedback.Looking ahead, we are excited to launch new partnerships and expand our internshipprograms, (e.g. ASTRA Program), potentializing job offers with our current ones, providingmore real-world experiences for our students.25

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During the year 2024, we saw a big improvement in the digital presence of 42 Lisboa and 42Porto in terms of community growth and variety of used digital platforms such as Instagram,LinkedIn, or YouTube with a growth of more than 14,000 followers online.In terms of digital content for Instagram and LinkedIn, we have endeavored to invest increating content that not only explains and informs, but also shares testimonies from studentsand donors. Regarding the students’ testimonies, we created different social media campaignssuch as Piscine Portraits, in which we tell the story of different candidates who carry out thePiscine, or the Your42Project section, in which we share several of the projects created by ourstudents. Besides our social media presence, 2024 saw the birth of 42's first periodical newsletter inPortugal. Our monthly newsletter had 10 editions this year in which we created acommunication channel to bring us closer to the community by sharing our partners' initiatives,showcasing members of our staff team and our graduating students, showcasing our project'sgreat achievements or the latest news on campus life. The monthly newsletter that we started inMarch already counts with a database of almost 2000 subscribers. In addition, we launched anew website, with a simpler and clearer design, where one can find all the informationregarding what is 42, how to apply and how can someone become a donor.Last but not least, 42 garnered significant media attention, with over 50 mentions acrossvarious platforms, including articles, podcasts, and press releases. These features helpedamplify our presence, reaching a broad audience and reinforcing our impact in the educationand technology industries.ONLINE & MEDIA PRESENCE26

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In 2024, the 42 Porto campus relocated between February and March, while the 42 Lisboacampus moved between July and August. As a result, 42 Porto now has an installed capacityof 200 computers, and 42 Lisboa has 262 computers. According to 42 references, thisprovides us with the capacity to accommodate over 1,200 enrolled students, offering amplespace and room for further growthSignificant strides were made in education and technology to align with the rapidly evolvingdigital world. The final common-core project underwent an important update, ensuring itaccurately reflects the evolution of modern technological trends. This revision aimed to equipstudents with skills that meet the current demands of a tech-driven society, bridging the gapbetween theoretical knowledge and practical application in real-world scenarios.Another major highlight of the year was the implementation of five dedicated projects focusedon enhancing cybersecurity within Windows platforms. These initiatives were designed toaddress growing security concerns and ensure the protection of sensitive data in anincreasingly connected environment. Each project introduced innovative solutions, fosteringgreater awareness and strengthening defenses against cyber threats, reinforcing theimportance of cybersecurity in both educational and professional settings.With the fast-paced growth of the school and the AI spread there also were several reviews ofcheating and peer review policies, alongside the testing of a proprietary anti-cheating tool.In October, we launched the first edition of the Piscine Reloaded, a week-long refresher beforeKick-off, with over 200 participants. Designed to reinforce key concepts and fostercollaboration, this initiative will continue in 2025, supporting future cohorts in their transition tothe core program.IT & PEDAGO UPDATES27

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Skills and Leaming PathSEA:ME attracts a diverse group of students, including those with engineering backgrounds, aswell as professionals transitioning into the mobility and software industries.The program accommodates both full-time students and those balancing work and study.The majority of participants have completed the common core of 42, with the rest on trackto finish by the end of Q1 2025.Among the 28 participants, 3 are employees of Critical Techworks, highlighting the strongindustry connection.SEA:MEParticipants ProfileShaping the Future of Mobility In November 2024, a new project was launched at 42 Porto: SEA:ME - Software Engineeringin Automotive and Mobility Ecosystems. This cutting-edge program is designed to train the nextgeneration of highly skilled software engineers for the mobility sector. Originally developed at42 Wolfsburg, in the heart of Europe's mobility industry, SEA:ME has been adapted to thePortuguese ecosystem to address the latest technological challenges in software-definedvehicles and mobility solutions. SEA:ME integrates the 42 methodology - project-based, self-directed learning - with industryexpertise from leading automotive and mobility companies. The program provides a uniqueopportunity for students to engage with real-world challenges, working alongside experts fromboth academia and industry. Thanks to the support of Critical Techworks and Brisa, SEA:ME isa fully funded program, ensuring accessibility to all students through scholarships.“With this support for SEA:ME, we hope to find new ideas and solutions thatpromote efficiency and sustainability, two of the Brisa Group's priorities”Nationalities18 Portuguese8 Brazilian2 FrenchAge32 years oldFrom 20 to 58Gender24 men4 womenEduardo Ramos,Brisa28

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Expansion and Industry Collaboration The SEA:ME program continues to strengthen its ties with industry leaders and academicinstitutions, ensuring its curriculum remains at the forefront of technological advancements. Bycollaborating with partners such as Critical Techworks and Brisa, SEA:ME is bridging the gapbetween education and industry, providing students with access to real-world projects andmentorship. The partnership with Eclipse Foundation further enhances our alignment with open-source and industry-driven software development initiatives.Cutting-Edge Learning Approach Leveraging the innovative pedagogy of 42, SEA:ME fosters a peer-learning environment wherestudents tackle complex challenges in software engineering for mobility. The program's project-based methodology ensures that participants develop problem-solving skills, technicalexpertise, and the ability to work in agile, interdisciplinary teams, preparing them for thedemands of a rapidly evolving industry.New Focus Areas: Al and Safety-Critical Systems To meet the needs of the industry, SEA:ME is expanding its curriculum to incorporate keyemerging technologies. Artificial intelligence is now embedded across multiple projects,allowing students to explore Al-driven mobility solutions. Additionally, safety-critical systemswill be introduced as a dedicated module, addressing the growing need for secure andreliable software in autonomous and connected vehicles.Future Outlook and Global Engagement With its success in Portugal, SEA:ME is positioning itself as a global reference in mobility-focused software engineering education. Plans are underway to expand the program into newmobility ecosystems (including railway and aviation) and industry automation. Our commitment to continuous innovation and partners alignment ensures that SEA:MEgraduates will be well-equipped to shape the future of mobility and industryworldwide.“Our mentors will bring valuable industry insights into the classroom,sharing their experiences and helping future engineers in addressing thecomplexities of the real world.”29Critical Techworks

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I joined 42 for the opportunity of learning how to code, from the total basicsto a deeper and more advanced understanding, at my own pace. Also, I wasnot so sure if programming would be the way I wanted to go with my life, butthe fact that the school was totally free of charge encouraged me to sign upas I had nothing to lose, and in the end, it ended up being one of the bestdecisions in my life.Right now I’m working at Nokia, in the 5G and 6G area, more specifically inthe Layer 1 department, where we develop software that deals with thetransition of digital information into radio waves.At the end of 2024, we proudly achieved a fantastic milestone of 100 graduates.We are committed to supporting our graduates in their career pursuits and will workdiligently to place them in the most desirable employment opportunities. Our goal is toensure that our graduates have the necessary skills and knowledge to excel in theirchosen fields and make significant contributions to their respective industries. We areconfident that our graduates will be highly sought after by employers, and we will spareno effort in assisting them in securing rewarding and fulfilling careers.Afonso CarvalhoGraduated 42 LisboaWorks at NOKIAMárcia MotaGraduated 42 Lisboa Works at Study. netBefore joining 42, I worked as a graphic designer in the communicationsdepartment of a college in Lisbon. I applied to 42 Lisboa because it wasexactly the opportunity I was looking for. I had already researched otherprogramming courses and boot camps, but I didn't have the financialcapacity to attend them. 42's free and flexible model removed any doubtsI still had about making this career change.31

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Previously I was studying at university in the Sound and Imageprogramme. I joined the school because technology has always beenan area of interest and 42's methodology made me very curious andenthusiastic. I'm currently working at Celfinet, a telecoms consultancythat was recently taken over by an Indian national - Cyient. I work as aJava Software Developer in a team developing an internal product. Inthe future I'd like to have a start-up. Where I would have the space toimplement and approach new ideas that are difficult to implement in amore ‘corporate’ world.I joined 42 because I wanted to make a career change into the ITsector. Being free and part of a global network, 42 Lisboa seemed tome by far the best option in an ocean of either overpriced or unproveneducational programs. Also, I was very interested in trying the school’speer-learning approach, as classical education wasn’t geared towardmy learning style.Right as I finished the Common Core, I started working as an Android Developer at Critical TechWorks. Being one of the school’s sponsors,CTW is committed to betting on new talents, and as such I’ve had theamazing opportunity to undergo two months of in-house training withsome of the best minds in the business.My aspiration is simple: to continue growing as a developer and makean impact on the people around me. Being involved in software thatcan be used worldwide, as I am right now, makes me feel I’m on theright track. And it’s all thanks to 42!I joined 42 because I wanted to learn software engineeringand fully embrace the 42 learning method and proposal. Theself-paced structure and peer-to-peer approach wereundoubtedly the biggest selling points.João Aiveca CaseiroGraduated 42 Lisboa Works at Critical TechWorksMário HenriquesGraduated 42 PortoWorks at CelfinetNuno CarvalhoGraduated 42 PortoWorks at EXADS32

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Before joining 42, I was a Distribution Driver in a launderette. I decidedto join 42 because I realised that it wasn't the path I wanted to follow forthe rest of my life. I've always enjoyed programming and solvingproblems, and 42 seemed like the best choice for developing those skills.Right now I'm working at Sonae MC as a PL/SQL developer. My biggestinspiration is using technology to improve people's lives. I believe thattechnology has the potential to make a positive impact on society. Fromcreating innovative solutions to solve everyday problems to developingsystems that promote sustainability and make the world more sustainable.I was at university studying engineering with computer science. It wasCovid time and I was very unmotivated by online learning. One day Isaw an advert on instagram about a new programming school called 42that stood out for its peer-to-peer learning method. I decided to sign upand the rest is history. One of the things that motivates me most abouttechnology is the fact that it's constantly developing. The continuoustechnological evolution guarantees that I will never stop learning newthings, and that I will never get bored or stagnate professionally. I canimagine myself working in different areas of technology, because so farit's rare for me to pick up something I don't like. What I really aspire to isusing technological innovation to make a positive contribution to society.I was a computer technician and spent seven years as a full-timevolunteer in social work. I joined the school because I studiedprogramming as a teenager and really enjoyed it, but as I didn'thave the opportunity to go into the field, I became a technician.For me, the school was an attempt to find out if I still likedprogramming.Maria SottomayorGraduated 42 Lisboa Works at 42 PortoBruno CostaGraduated 42 PortoWorks at Sonae MCWalter CruzGraduated 42 PortoWorks at RTE S.A33

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At 42, we believe that education should be accessible to everyone, regardless of theirbackground or financial means. This is why we offer our programs for free to students inany of our 50+ campuses worldwide. We owe this achievement to our patrons - bothcorporate and individual - who have generously invested in our mission of providingexcellent education and creating opportunities for anyone to develop their talents and skills.We are incredibly grateful for the support of our amazing partners at 42 Lisboa and 42Porto in 2024: Each of these contributions represents a beacon of hope and a belief in the potential offuture generations. We are honored and privileged to have such incredible partners whoshare our vision of a world where education is accessible to all.GRATITUDE TO OUR BENEFACTORSJoão NunoMacedo Silva35

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Câmara Municipal do PortoPorto City Council supports Escola 42 for its innovativeteaching model, which promotes hands-on learning -without classrooms, schedules or teachers - as well asinclusion, talent and 100% employability in the area oftechnology. Our partnership has been extremely positive, contributingto the development of essential skills for the digital futureof the city and the region. 42 Portugal has a real impacton empowering young people and creating opportunities,strengthening Porto's technological ecosystem andcompetitiveness.Fernando PauloCouncillor for Educationand Social CohesionFundação GalpThe Galp Foundation's investment in 42 Lisboa is alignedwith our axis of access to education, namely through thedevelopment of skills for the future, with a focus onreskilling and upskilling in the digital area. Our aim is to contribute to the successful development ofthe program, with the ambition of achieving diversitygoals and bringing students closer to new opportunities inthe job market. The collaborative experience has beenvery enriching, with several knowledge-sharing initiativesalready underway, and the aim is to further strengthen thepartnership in 2025.Georgios PapadimitriouBoard Member36

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Fundação SantanderThere is an urgent need to maximize the social andeducational impact on our society. School 42 is anexample of how to make a difference, using innovativeand differentiating teaching methods: as well as creatingnew skills in its students, it goes further, cultivating valuesin each future professional: dedication, perseverance,teamwork, achieving goals, an objective, an end, often toa new beginning. Santander is a strong supporter ofSchool 42, walking alongside its objectives, recognizingand capturing human value in all its dimensions.Inês Rocha de GouveiaAdministratorMEOFor MEO, supporting 42 Portugal is not only an investmentin education, but also a way of strengthening the nationaltechnological ecosystem, empowering future generationswith the skills to lead innovative projects and contribute toPortugal's competitiveness on the global stage. Project 42is aligned with MEO's vision, which advocates training asan essential driver for digital transformation and talentempowerment, and with its corporate social responsibilityprogram based on partnerships with an impact on thecommunity. The experience has been extremely enrichingand rewarding. We have worked together on initiativesthat promote innovation, such as hackathons or mentoringprograms, strengthening the link between the academicworld and the job market.Madalena AlbuquerqueChief Human ResourcesOfficer | Non-ExecutiveBoard Member37

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OTIIMAAt OTIIMA, we believe that innovation comes from the desire tochallenge what we have, forcing us to find new solutions and newanswers. It is this DNA that leads us to support 42 Porto. It's not justa commitment to education - it's a way of boosting the future,investing in talent and ensuring that innovation, critical thinking andexcellence become the pillars of future generations of professionals.João SimõesCEOSONAEThe partnership with School 42 reinforces our commitment totraining people for the challenges of the future, through aninnovative and accessible technological training model. Together,we promote reskilling and the development of key skills in aconstantly evolving world.João Günther AmaralCDOBA GLASSAt BA Glass, we believe in the transformative power of educationand its role in developing future-ready skills. Our collaboration with42 Portugal has been rewarding due to its innovative, hands-onapproach that develops not only technical expertise but alsoessential skills such as teamwork, problem-solving, andadaptability. Through our support, we believe we are empoweringstudents to enhance their academic and personal development,bridging the gap between education and the job market, andpreparing them for the future. It's a pleasure to be part of it!Isabel MonteiroCPO38

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The public recognition of the 42 program is growing steadily, reflected both in the officialcertifications it has received and in the public funding supporting its development andimpact.In France, 42 is certified by the Répertoire National des Certifications Professionnelles(RNCP), an official system that recognizes professional qualifications and ensures theiralignment with national and international standards. This certification allows 42 students toobtain baccalaureate (IT Solutions Designer and Developer - level 6) and master (ITArchitecture Expert - level 7) diplomas, facilitating access to employment opportunities andcareer advancement in various technology sectors.In Portugal, 42 is recognized by DGERT (Direção-Geral do Emprego e das Relações deTrabalho) as a high-quality professional training program. This certification validates 42’sindustry-relevant education, ensuring students gain skills that enhance their employability inthe tech sector.For the first time this year, 42 Lisboa and 42 Porto received public funding through thePortugal Inovação Social Program, recognizing their social impact and transformative role.This competitive program unites public, private, and social sector partners to scale impactfulprojects, with social investors co-financing the initiative. In Porto, the project is supported bySonae and Amorim, while in Lisbon, partners include Fundação Santander and VanguardProperties.In 2024, 42 Portugal was once again nominated for the Marketeer Annual Awards in theEducation Institution category. Looking ahead to 2025, the goal is to solidify 42 asPortugal’s leading software engineering learning institution, paving the way for newchallenges and growth opportunities.42 ranks 6th in the WURI (World University Rankings for Innovation), a global universityranking that assesses innovation and real-world impact. 42 holds this position amongprestigious universities such as MIT, Stanford, Berkeley, and CalTech.42 Portugal is part of the STUDIES-DIG consortium, a European project funded by HorizonEurope under the Marie Skłodowska-Curie Research and Innovation Staff Exchange program.This project brings together 14 international partners, including universities, public andprivate organizations, and non-governmental representatives from Europe, Asia, and Africato identify innovative models and digital tools that can support the transformation of highereducation, fostering its sustainable and effective adaptation to the digital age.PUBLIC RECOGNITION39

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We are proud to report that our cost per student is €1,873 (excluding rent and CAPEX as isthe standard for education projects). This figure reflects our commitment to provide high-quality education to our students while keeping our costs reasonable and sustainable. The majority of our OPEX are related to staff costs, summing €696,844. These relate withstaff from all functional areas needed to successfully run both campus, includingmanagement, operations, IT, career services & placement, communication and sharedservices (finance, HR, legal, ...)Rental costs in Lisbon and Porto represent another significant expenditure, amounting to€456,691. We strongly believe that providing high-quality facilities is essential for creating asafe, comfortable, and productive environment for both our staff and students.Facilities services in Lisbon and Porto also represent a considerable investment, totaling€153,169. These costs cover essential services such as security, cleaning, and utilities,ensuring our spaces remain well-maintained and fully operational.Development costs in Lisbon and Porto total €307,500. This investment is essential to theschool’s operations, supporting the content and resources provided to students throughouttheir learning journey, with royalties per student paid to 42 Central representing a significantportion of this amount.Operational costs amount to €132,584, an essential expense to guarantee the best possiblestudent experience within the school, as well as all the necessary administrative costsassociated with running the operation of 42 Portugal.Communication services total €52,334. A strong communication strategy is fundamental toattracting and engaging students, ensuring the continued growth and success of ourprograms.Lastly, CAPEX—covering construction, technology and fit-out investments—amounts to€812,276. This figure was particularly high in 2024 due to the relocation of both 42 Portoand 42 Lisboa to new campus. CAPEX31.3%Staff26.6%Rent17.4%Development11.7%Facilities5.9%Operation5.1%2,6M€41

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THE NEXT CHAPTERIn 2025, 42 Portugal is committed to reinforcing its impact through five key priorities. First, we aim to strengthen our brand, positioning 42 as the top choice for aspiring softwaredevelopers while enhancing recognition among students, alumni, sponsors, and recruiters. Aspart of this, we are focused on achieving recognition of the 42 diploma as a higher educationqualification in Portugal, further validating the skills acquired at 42.Second, we are focused on maximizing our impact in the job market by going after 100%employability rate and reaching 300 graduates annually. Expanding the ASTRA Program,having part-time students already experience tech-related jobs in the middle of the course andensuring high participation in 42 Advance will help students specialize and secure top industrypositions.Inclusion remains a core value, and our third priority is to expand social accessibility. We willimplement targeted strategies to support underrepresented groups, including students fromdiverse racial and ethnic backgrounds, neurodivergent individuals, refugees, and those withdisabilities, fostering a more diverse and equitable learning environment.Financial sustainability is also crucial to our long-term success. Strengthening relationships withour benefactors through additional services such as recruiting, training programs, hackathons,and discovery piscines will be key. We will also launch donation campaigns and develop astructured Alumni Program to maintain strong ties with our graduates.Finally, enhancing the student experience is at the heart of our mission. We will refine ourselection process to attract top candidates, improve engagement to ensure steady academicprogress and promote mental health initiatives. Career services and job placement support willbe reinforced, alongside a strong pedagogical focus on both hard and soft skills, equippingstudents for the challenges ahead.By driving these five priorities forward, 42 Portugal is not just shaping the future of techeducation—it is redefining it. We are committed to empowering the next generation ofdevelopers, breaking barriers to access, and ensuring our students thrive in an ever-evolvingindustry. Through innovation, inclusion, and excellence, we will cement our position as atransformative force in Portugal’s tech ecosystem, creating lasting impact for our students,partners, and the broader community.43

Annual Report 24 - 42 Portugal

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