Embark Early Education Balance Sheet

Financials in millions AUD. Fiscal year is January - December.

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	11.94	13.35	26.84	16.2	44.78	55.17
Cash & Short-Term Investments	11.94	13.35	26.84	16.2	44.78	55.17
Cash Growth	-4.35%	-50.27%	65.66%	-63.82%	-18.83%	45.82%
Accounts Receivable	4.77	3.59	1.85	1.9	1.59	1
Other Receivables	0.43	-	-	0.81	-	-
Receivables	5.2	3.59	1.85	2.71	1.59	1
Prepaid Expenses	-	1.22	0.84	0.96	1.35	1.33
Other Current Assets	-	-	-	-	2.8	-
Total Current Assets	17.15	18.16	29.53	19.87	50.52	57.51
Property, Plant & Equipment	101.04	97.98	62.91	64.27	180.42	166.09
Long-Term Investments	-	-	2.46	8.57	4.8	3.79
Goodwill	103.13	101.07	60.9	60.9	148.04	106.82
Other Intangible Assets	-	-	-	0.04	3.02	2.97
Long-Term Deferred Tax Assets	6.86	6.19	4.95	3.37	13.23	12.15
Total Assets	228.17	223.4	160.75	157.02	400.03	349.33
Accounts Payable	0.18	0.02	0.7	0.91	0.99	1.69
Accrued Expenses	5.73	5.33	3.18	4.93	12.11	9.03
Short-Term Debt	6.38	4.26	-	-	-	-
Current Portion of Leases	10.32	9.8	6.28	6.13	7.25	7.49
Current Income Taxes Payable	-	1.43	2.4	0.01	1.68	1.88
Current Unearned Revenue	1.87	0.51	0.54	0.01	7.29	4.33
Other Current Liabilities	2.97	4.77	1.97	2.69	10.49	2.3
Total Current Liabilities	27.45	26.11	15.07	14.68	39.8	26.71
Long-Term Debt	-	-	-	-	34.09	33.71
Long-Term Leases	106.15	101.23	66.95	65.8	202.01	186.75
Other Long-Term Liabilities	0.47	0.49	0.3	-	-	-
Total Liabilities	134.06	127.82	82.32	80.48	275.9	247.17
Common Stock	259.66	259.66	242.43	242.43	244.73	222
Retained Earnings	-165.55	-162.17	-161.27	-165.48	-120.21	-119.83
Comprehensive Income & Other	-	-1.91	-2.72	-0.41	-0.39	-0.01
Shareholders' Equity	94.1	95.57	78.44	76.54	124.13	102.15
Total Liabilities & Equity	228.17	223.4	160.75	157.02	400.03	349.33
Total Debt	122.85	115.29	73.22	71.93	243.34	227.95
Net Cash (Debt)	-110.91	-101.94	-46.38	-55.73	-198.56	-172.78
Net Cash Per Share	-0.57	-0.56	-0.29	-0.35	-1.29	-1.23
Filing Date Shares Outstanding	183.48	183.48	159.55	159.55	159.55	139.83
Total Common Shares Outstanding	183.48	183.48	159.55	159.55	159.55	139.83
Working Capital	-10.3	-7.95	14.46	5.19	10.72	30.8
Book Value Per Share	0.51	0.52	0.49	0.48	0.78	0.73
Tangible Book Value	-9.02	-5.49	17.54	15.61	-26.93	-7.64
Tangible Book Value Per Share	-0.05	-0.03	0.11	0.10	-0.17	-0.05
Machinery	2.42	2.06	1.29	1.56	9.83	8.84
Construction In Progress	-	-	-	0	0.3	0.27
Leasehold Improvements	2.42	2.28	1.85	1.22	9.61	8.14

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.