Embark Early Education (EVO) H2 2025 earnings summary

Executive summary

• Revenue grew 29% year-over-year to $104.9 million, driven by operational efficiency and a new centre acquisition.

• Underlying EBITDA increased 18% to $21.3 million, with Centre EBITDA up 16% to $25.1 million.

• Profit before net finance costs and income tax rose 32% to $26.1 million year-over-year.

• Underlying EPS reached 9.04 cents, up 14% year-over-year; statutory EPS was 5.81 cents, up 18%.

• Four dividends of $0.015 each were paid throughout the year.

Financial highlights

• Revenue: $104.9 million, up from $81.6 million in 2024.

• Underlying NPAT: $16.6 million.

• Centre EBITDA: $25.1 million, up from $21.6 million.

• Underlying EBITDA: $21.3 million, up from $18.0 million.

• Profit after income tax: $10.7 million, up from $9.0 million.

Outlook and guidance

• Institutional placement raised $12 million in December to fund the Mayfield Childcare Limited takeover bid.

• Strong balance sheet with $20.7 million in cash at year-end supports future growth initiatives.