Embark Early Education Balance Sheet

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

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	20.66	13.35	26.84	16.2	44.78
Cash & Short-Term Investments	20.66	13.35	26.84	16.2	44.78
Cash Growth	54.78%	-50.27%	65.66%	-63.82%	-18.83%
Accounts Receivable	3.51	3.59	1.85	1.9	1.59
Other Receivables	0.06	-	-	0.81	-
Receivables	3.56	3.59	1.85	2.71	1.59
Prepaid Expenses	1.44	1.22	0.84	0.96	1.35
Other Current Assets	-	-	-	-	2.8
Total Current Assets	25.66	18.16	29.53	19.87	50.52
Property, Plant & Equipment	99.72	97.98	62.91	64.27	180.42
Long-Term Investments	7.28	-	2.46	8.57	4.8
Goodwill	103.04	101.07	60.9	60.9	148.04
Other Intangible Assets	-	-	-	0.04	3.02
Long-Term Deferred Tax Assets	8.22	6.19	4.95	3.37	13.23
Total Assets	243.92	223.4	160.75	157.02	400.03
Accounts Payable	-	0.02	0.7	0.91	0.99
Accrued Expenses	7.05	5.33	3.18	4.93	12.11
Short-Term Debt	-	4.26	-	-	-
Current Portion of Leases	10.39	9.8	6.28	6.13	7.25
Current Income Taxes Payable	1.13	1.43	2.4	0.01	1.68
Current Unearned Revenue	0.51	0.51	0.54	0.01	7.29
Other Current Liabilities	4.24	4.77	1.97	2.69	10.49
Total Current Liabilities	23.32	26.11	15.07	14.68	39.8
Long-Term Debt	6.41	-	-	-	34.09
Long-Term Leases	107.01	101.23	66.95	65.8	202.01
Other Long-Term Liabilities	0.56	0.49	0.3	-	-
Total Liabilities	137.3	127.82	82.32	80.48	275.9
Common Stock	271	259.66	242.43	242.43	244.73
Retained Earnings	-164.38	-162.17	-161.27	-165.48	-120.21
Comprehensive Income & Other	-	-1.91	-2.72	-0.41	-0.39
Shareholders' Equity	106.62	95.57	78.44	76.54	124.13
Total Liabilities & Equity	243.92	223.4	160.75	157.02	400.03
Total Debt	123.81	115.29	73.22	71.93	243.34
Net Cash (Debt)	-103.15	-101.94	-46.38	-55.73	-198.56
Net Cash Per Share	-0.56	-0.56	-0.29	-0.35	-1.29
Filing Date Shares Outstanding	203.48	183.48	159.55	159.55	159.55
Total Common Shares Outstanding	203.48	183.48	159.55	159.55	159.55
Working Capital	2.34	-7.95	14.46	5.19	10.72
Book Value Per Share	0.52	0.52	0.49	0.48	0.78
Tangible Book Value	3.58	-5.49	17.54	15.61	-26.93
Tangible Book Value Per Share	0.02	-0.03	0.11	0.10	-0.17
Machinery	2.71	2.06	1.29	1.56	9.83
Construction In Progress	-	-	-	0	0.3
Leasehold Improvements	2.56	2.28	1.85	1.22	9.61

Source: S&P Global Market Intelligence. Standard template. Financial Sources.