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Embark Early Education Limited (ASX:EVO)

ALERT: Price-sensitive ASX Announcement for EVO
Current share price for EVO : $0.380 -0.32 (-45.71%)+
Announcement
Release
25 Aug 2025 8:12AM
Price at Release
$0.700
Full Release
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Summary
Embark Early Education Limited (EVO) reported strong results for the half year ended 31 December 2024, with revenue and underlying EBITDA both registering double-digit growth, driven by higher occupancy and prudent cost management. The company achieved an improved net profit after tax, expanded its centre network through acquisitions and new openings, and strengthened its balance sheet. Management emphasized continued investment in staff, educational quality, and child safety, while the Board announced a fully franked interim dividend. Positive momentum is expected to continue throughout FY25 as EVO pursues both organic and inorganic growth opportunities.
Key Points
  • Total revenue increased by 12% compared to the prior corresponding period, reflecting strong occupancy and fee growth.
  • Underlying EBITDA grew by 20%, underpinned by disciplined cost management and improved centre performance.
  • Net profit after tax (NPAT) rose to $9.5 million, showing significant improvement from the previous year.
  • Occupancy rates across EVO centres averaged 85%, up from 82% in the previous half year.
  • The company acquired three new centres and opened one greenfield centre during the half, expanding its national footprint.
  • Embark maintained a robust balance sheet, with net debt to EBITDA decreasing to 1.7x, providing capacity for future growth.
  • Management highlighted ongoing investment in staff development, curriculum quality, and child safety practices.
  • The Board declared an interim dividend of 2.5 cents per share, fully franked.
  • Guidance for the remainder of FY25 remains positive, with continued focus on organic growth and targeted acquisitions.
  • The report includes a comprehensive review of financial performance, operational highlights, and strategic priorities for the remainder of the fiscal year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.