Embark Early Education (EVO) H1 2025 earnings summary

Executive summary

• Profit after tax from continuing operations rose to $4.04m, up 62.2% year-over-year, driven by acquisitions and cost control.

• Revenue increased 43.5% to $49.41m compared to the same period last year, reflecting organic growth and new centre additions.

• One new centre was acquired in Queensland, adding 99 daily places to the group.

Financial highlights

• Revenue for the half-year was $49.41m, up from $34.43m in the prior year period.

• Net profit after tax reached $4.04m, compared to $2.49m year-over-year.

• Basic and diluted EPS remained at 2.20 cents, up from 1.56 cents in the prior year.

• Operating cash flow was $9.82m, up from $8.75m in the prior year.

• Fully franked interim and final dividends of 1.5 cents per share each were paid, totaling $5.51m.

Outlook and guidance

• Management expects continued benefits from acquisitions and operational efficiencies.