Embark Early Education Cash Flow Statement

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
Net Income	10.71	9.04	8.28	-40.25	0.7
Depreciation & Amortization	5.5	3.76	3.27	4.32	2.42
Loss (Gain) From Sale of Assets	0	-	0.01	1.02	-0.01
Loss (Gain) From Sale of Investments	0.23	-	-	-	-
Stock-Based Compensation	-	-	-	-	0.24
Provision & Write-off of Bad Debts	-	-	0.25	-	-
Other Operating Activities	10.32	7.75	6.17	16.21	13.11
Change in Accounts Receivable	-0.34	-1.11	0.41	-0.58	-
Change in Accounts Payable	-0.22	-1.08	-0.18	5.11	6.01
Change in Unearned Revenue	-	-	-	-9.9	3.2
Change in Income Taxes	-0.3	-1.13	2.35	-1.86	-0.21
Change in Other Net Operating Assets	1.7	0.94	-1.48	1.16	1.54
Operating Cash Flow	25.57	16.92	17.72	19.22	38.47
Operating Cash Flow Growth	51.07%	-4.49%	-7.82%	-50.03%	19.96%
Capital Expenditures	-0.91	-0.92	-0.45	-3.72	-3.08
Sale of Property, Plant & Equipment	-	-	-	29.2	0.07
Cash Acquisitions	-1.84	-35.93	-0.06	-5.02	-37.52
Investment in Securities	-7.51	2.46	6.09	-3.8	-0.97
Investing Cash Flow	-10.26	-34.38	5.58	16.67	-41.5
Long-Term Debt Issued	2.06	4.26	-	-	-
Total Debt Issued	2.06	4.26	-	-	-
Long-Term Debt Repaid	-10.39	-7.58	-6.27	-55.68	-7.59
Total Debt Repaid	-10.39	-7.58	-6.27	-55.68	-7.59
Net Debt Issued (Repaid)	-8.33	-3.32	-6.27	-55.68	-7.59
Issuance of Common Stock	12	18.19	-	-	22.14
Common Dividends Paid	-11.01	-9.94	-6.39	-	-
Other Financing Activities	-0.65	-0.96	-	-2.67	-20.62
Financing Cash Flow	-8	3.97	-12.66	-64.27	-6.07
Foreign Exchange Rate Adjustments	-	-0	-0	-0.23	-1.78
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-
Net Cash Flow	7.31	-13.49	10.64	-28.61	-10.88
Free Cash Flow	24.65	16.01	17.27	15.5	35.39
Free Cash Flow Growth	54.02%	-7.29%	11.37%	-56.19%	21.23%
Free Cash Flow Margin	23.50%	19.61%	27.35%	28.47%	85.43%
Free Cash Flow Per Share	0.13	0.09	0.11	0.10	0.23
Cash Interest Paid	-	-	-	2.67	19.02
Cash Income Tax Paid	6.97	5.95	1.74	4.23	2.46
Levered Free Cash Flow	12.75	10.58	9.48	-22.57	6.44
Unlevered Free Cash Flow	19.76	15.52	13.35	-17.37	11.04
Change in Working Capital	-1.19	-3.62	-0.25	-6.07	10.53

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