EVO Half Year Accounts And Report
| Stock | Embark Early Education Ltd (EVO.ASX) |
|---|---|
| Release Time | 28 Aug 2026, 8:36 a.m. |
| Price Sensitive | Yes |
Embark Early Education Ltd: Half-Year Financial Results
- Reported a statutory loss of $12.743 million for the half year ended 30 June 2026
- Centre EBITDA was $8.658 million, down from $10.807 million in the prior corresponding period
- Completed acquisition of an additional interest in Mayfield Childcare Limited, increasing ownership to 49.8%
- Recognized non-cash impairment charges against certain assets and investments
- Announced a $4.0 million placement to a US-based institutional investor
Embark Early Education Ltd reported a statutory loss after tax of $12.743 million for the half year ended 30 June 2026, compared to a profit after tax of $4.036 million in the prior corresponding period. The loss included non-cash impairment charges relating to certain right-of-use assets, goodwill, and the Group's investment in Mayfield Childcare Limited. Excluding these non-cash impairment charges and other non-recurring items, Centre EBITDA was $8.658 million, down from $10.807 million in the prior corresponding period. The reduction was primarily due to softer demand conditions across the Group's centres, partially offset by disciplined management of labour and support office costs. The company also completed the acquisition of an additional interest in Mayfield Childcare Limited, increasing its ownership to 49.8%. On 4 August 2026, the Company announced a $4.0 million placement to a single US-based institutional investor.
Centre EBITDA $8.658 million for the half year ended 30 June 2026
Management remains focused on strengthening centre performance, maintaining labour efficiency, and improving long-term earnings across the portfolio.