EVO H1 2026 Financial Report

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Embark Early Education Limited APPENDIX 4D HALF-YEAR REPORT 1 Company Details Name of Entity Embark Early Education Limited ABN 52 667 611 752 Current Financial Period Ended 30-Jun-26 Previous Corresponding Reporting Period 30-Jun-25 Results for Announcement to the Market June 2026 $'000 June 2025 $'000 Percentage Change Up or (Down) Revenue from ordinary activities 47,250 49,410 (4.4%) Profit/(loss) from ordinary activities after tax attributable to members (12,743) 4,036 (415.7%) Profit/(loss) for the period attributable to members (12,743) 4,036 (415.7%) Net Tangible Assets June 2026 June 2025 Net Tangible Assets (Liabilities) per Security (0.06) (0.05) Earnings Per Share (cents) June 2026 June 2025 Basic Earnings per Share (6.26) 2.20 Diluted Earnings per Share (6.26) 2.20 Dividends Amount per Security (cents) Franked amount per security (cents) Interim dividend for the year ended 31 December 2025 paid on 23 March 2026 1.5 1.5 Final dividend for the year ended 31 December 2025 paid on 15 June 2026 1.5 1.5 Brief explanation of any figures reported above necessary to enable the figures to be understood Refer to attached interim financial report. Compliance Statement This report is based on the interim financial report that has been reviewed by our external auditors. Hamish Stevens Chair Embark Early Education Limited

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Embark Early Education Limited CONTENTS 2 Directors' Report 3 Auditor’s Independence Declaration 5 Consolidated Statement of Comprehensive Income 6 Consolidated Statement of Changes in Equity 7 Consolidated Statement of Financial Position 8 Consolidated Statement of Cash Flows 9 Notes to the Consolidated Interim Financial Statements 1. Material Accounting Policies 10 2. Critical accounting judgements, estimates and assumptions 11 3. Revenue 11 4. Property, Plant and Equipment 12 5. Right-of-Use Assets and Lease Liabilities 12 6. Goodwill 13 7. Investment in Associate 13 8. Trade and Other Payables 14 9. Employee Entitlements 14 10. Dividends 14 11. Related Party Transactions 14 12. Subsequent Events 15 Directors’ Declaration 16 Auditor's Report 17

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Embark Early Education Limited DIRECTORS’ REPORT 3 The Directors present their report for Embark Early Education Limited (Embark) (ASX:EVO) and the entities it controlled at the end of, or during, the half-year ended 30 June 2026. Directors The following persons were Directors of Embark Early Education Limited during the relevant period:  Hamish Stevens (Chair)  Christopher Scott (Managing Director)  Kim Campbell  Renita Garard  Michelle Thomsen Principal Business The principal business of Embark during the half-year was related to the operation of early education centres owned by an Embark subsidiary. There was no significant change for the continuing operations of the Embark business during the half-year ended 30 June 2026. Review of operations Embark reported a statutory loss after tax of $12.743 million for the half year ended 30 June 2026, compared with a profit after tax of $4.036 million in the prior corresponding period. The statutory result 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, compared with $10.807 million in the prior corresponding period. The reduction primarily reflected softer demand conditions across the Group’s centres during the period, partially offset by disciplined management of labour and support office costs. The early childhood education sector continued to experience softer demand conditions in a number of markets, together with increased supply of childcare places. Management remains focused on strengthening centre performance, maintaining labour efficiency and improving long-term earnings across the portfolio. Reconciliation of statutory results to Centre EBITDA: Half Year 30 June 2026 Half Year 30 June 2025 Note $'000 $'000 Profit/(loss) after income tax attributable to shareholders of the company (12,743) 4,036 Income tax expense 793 2,035 AASB 16 interest 5,183 5,313 Net finance expenses1 222 80 AASB 16 depreciation 5a 2,324 2,303 Depreciation and amortisation2 417 413 AASB 16 rent add back3 (5,433) (5,085) Impairment - right-of-use assets 5a 823 - Impairment - goodwill 6 3,042 - Impairment - investment in associate (Mayfield Childcare Limited) 11,399 - Mayfield Childcare Limited investment adjustments4 7 725 4 Acquisition expenses - 126 Redomiciling costs including wind up of NZ entity5 - (263) Underlying EBITDA 6,752 8,962 Support office costs6 1,294 1,289 Corporate costs7 612 556 Centre EBITDA 8,658 10,807 1. Net finance expense excluding AASB 16 lease interest, comprising interest income on bank deposits and interest expense on acquisition facility borrowings. 2. Depreciation and amortisation as per the Consolidated Statement of Comprehensive Income less AASB 16 depreciation (above) 3. Included under building occupancy expenses on the Consolidated Statement of Comprehensive Income

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Embark Early Education Limited DIRECTORS’ REPORT 4 4.Includes transaction costs associated with increasing the Group's investment in Mayfield Childcare Limited (including ASX, share registry, brokerage and legal fees) together with the fair value loss recognised on remeasurement of the previously held investment upon obtaining significant influence. 5. Costs associated with redomiciling and the wind up of the NZ entities included under other expenses on the Consolidated Statement of Comprehensive Income 6. Support office costs included under employee benefits expense, building occupancy expenses, centre operations expenses and other expenses on the Consolidated Statement of Comprehensive Income 7. Corporate/public company costs included under employee benefits expense, centre operations expenses and other expenses on the Consolidated Statement of Comprehensive Income C entre EBITDA is a non-IFRS financial measure used by management to assess the underlying operating performance of the Group's childcare centres. It should not be considered in isolation or as an alternative to statutory measures prepared in accordance with Australian Accounting Standards. Significant changes in the state of affairs During the half year, Embark completed the acquisition of an additional interest in Mayfield Childcare Limited, increasing its ownership to 49.8%. From the date significant influence was obtained, the investment has been accounted for as an associate. The Group also recognised non-cash impairment charges against certain right-of-use assets, goodwill and its investment in Mayfield Childcare Limited following impairment assessments performed at 30 June 2026. Events subsequent to the end of the half-year On 4 August 2026, the Company announced a $4.0 million placement to a single US-based institutional investor. Subsequent to period end, the Group also subscribed for its full entitlement under Mayfield Childcare Limited’s entitlement offer for approximately $1.5 million. Further details are provided in Note 12 to the interim financial statements. Other than the matters described above, no other matter or circumstance has arisen since 30 June 2026 that has significantly affected, or may significantly affect, the Group's operations, results or state of affairs in future financial periods. Rounding amounts The Company is of a kind referred to in ASIC Corporations (Rounding in Financial/Directors' Reports) Instrument 2026/183, relating to the "rounding off" of amounts in the financial reports. In certain instances, amounts in the financial statements have been rounded off in accordance with that Instrument to the nearest thousand dollars unless otherwise stated. Auditor's independence declaration A copy of the Auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out immediately after the Directors’ Report. This report is made in accordance with a resolution of Directors. Hamish Stevens Chair Embark Early Education Limited 27 August 2026

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Embark Early Education Limited Consolidated Statement of Comprehensive Income FOR THE SIX MONTHS ENDED 30 JUNE 2026 6 Consolidated Statement of Comprehensive Income Half Year 30 June 2026 Half Year 30 June 2025 Note $'000 $'000 Revenue 47,250 49,410 Total Revenue 3 47,250 49,410 Expenses Employee benefits expenses (28,348) (28,910) Building occupancy expenses (859) (813) Centre operations expenses (5,035) (4,772) Depreciation and amortisation (2,740) (2,716) Impairment of associate 7 (11,399) - Impairment of goodwill & ROU assets 5a & 6 (3,865) - Acquisition expenses - (126) Other expenses (1,549) (609) Total expenses (53,795) (37,946) Profit/(loss) before net finance expense and income tax (6,545) 11,464 Finance income 126 207 Finance costs (5,531) (5,600) Net finance expense (5,405) (5,393) Profit/(loss) before income tax (11,950) 6,071 Income tax expense (793) (2,035) Profit/(loss) after income tax attributable to the shareholders of the Company (12,743) 4,036 Other comprehensive income - - Total comprehensive income/(loss) attributed to the (12,743) 4,036 shareholders of the Company Earnings per share Cents Cents Basic earnings per share (6.26) 2.20 Diluted earnings per share (6.26) 2.20 The above Consolidated Statement of Comprehensive Income should be read in conjunction with the accompanying notes.

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Embark Early Education Limited Consolidated Statement of Changes in Equity FOR THE SIX MONTHS ENDED 30 JUNE 2026 7 Issued Share Capital Foreign Currency Translation Reserve Accumulated Losses Total Note $'000 $'000 $'000 $'000 Balance at 1 January 2025 259,656 (1,912) (162,170) 95,574 Profit/(loss) after income tax - - 4,036 4,036 Other comprehensive income - - - - Total comprehensive income (loss) - - 4,036 4,036 Dividends declared 10 - - (5,507) (5,507) Transfer from Foreign Currency Translation Reserve on windup of subsidiary - 1,912 (1,912) - As at 30 June 2025 259,656 - (165,553) 94,103 Note $'000 $'000 $'000 $'000 Balance at 1 January 2026 271,003 - (164,384) 106,619 Profit/(loss) after income tax - - (12,743) (12,743) Other comprehensive income - - - - Total comprehensive income (loss) - - (12,743) (12,743) Issue of ordinary shares net of transaction costs 88 - - 88 Dividends declared 10 - - (6,108) (6,108) As at 30 June 2026 271,091 - (183,235) 87,856 The above Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying notes.

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Embark Early Education Limited Consolidated Statement of Financial Position AS AT 30 JUNE 2026 8 Statement of Financial Position 30 June 2026 31 December 2025 Note $'000 $'000 Cash and cash equivalents 6,292 20,660 Trade and other receivables 5,189 4,999 Total current assets 11,481 25,659 Property, plant and equipment 4 2,618 2,430 Investment in associate 7 6,762 - Financial assets at fair value through profit or loss - 7,280 Deferred tax asset 8,983 8,218 Right-of-use assets 5a 94,875 97,292 Goodwill 6 99,999 103,041 Total non-current assets 213,237 218,261 Trade and other payables 8 2,125 2,015 Current income tax liabilities 503 1,132 Contract liabilities 556 508 Employee entitlements 9 6,675 7,048 Other current liabilities 2,230 2,227 Lease liabilities - current 5b 10,430 10,393 Total current liabilities 22,519 23,323 Borrowings - non-current 6,410 6,410 Employee entitlements - non-current 9 480 558 Lease liabilities - non current 5b 107,453 107,010 Total non-current liabilities 114,343 113,978 Net assets 87,856 106,619 Issued share capital 271,091 271,003 Accumulated losses (183,235) (164,384) Total equity 87,856 106,619 The above Consolidated Statement of Financial Position should be read in conjunction with the accompanying notes.

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Embark Early Education Limited Consolidated Statement of Cash Flows FOR THE SIX MONTHS ENDED 30 JUNE 2026 9 Half Year 30 June 2026 Half Year 30 June 2025 Note $'000 $'000 Cash flows from operating activities Receipts from customers 46,067 48,390 Payments to suppliers and employees (34,744) (33,917) Interest paid (337) (291) Interest received 126 207 Income tax paid (2,187) (4,568) Net cash provided by operating activities 8,925 9,821 Cash flows from investing activities Purchase of property, plant and equipment (604) (496) Consideration paid for the acquisition of childcare centres - (2,060) Transaction costs associated with the acquisition of childcare centres - (126) Investment in Mayfield Childcare Limited (11,166) - Net cash (used in) investing activities (11,770) (2,682) Cash flows from financing activities Drawdown from borrowings - 2,060 Share issue transaction costs (2) - Dividend paid (6,108) (5,507) Repayment of leases (5,413) (5,099) Net cash (used in) financing activities (11,523) (8,546) Net change in cash and cash equivalents held (14,368) (1,407) Cash and cash equivalents at beginning of period 20,660 13,348 Cash and cash equivalents at end of period 6,292 11,941 The above Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes.

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Embark Early Education Limited Notes to the Consolidated Interim Financial Statements EMBARK EARLY EDUCATION LIMITED 10 1. Material Accounting Policies (a) Material accounting policy information These general purpose financial statements for the interim half-year reporting period ended 30 June 2026 have been prepared in accordance with Australian Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Act 2001, as appropriate for for-profit oriented entities. Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS 34 'Interim Financial Reporting'. These general purpose financial statements do not include all the notes of the type normally included in annual financial statements. Accordingly, these financial statements are to be read in conjunction with the annual report for Embark Early Education Limited for the year ended 31 December 2025 and any public announcements made by Embark Early Education Limited during the interim reporting period in accordance with the continuous disclosure requirements of the Listing Rules. The accounting policies adopted are consistent with those followed in the preparation of the Group's annual report for the year ended 31 December 2025, unless otherwise stated. (b) New or amended Accounting Standards and Interpretations adopted Embark Early Education Limited has adopted all the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') that are mandatory for the current reporting period. Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. (c) Rounding of amounts The Company is a company of the kind referred to in ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2026/183, dated 27 March 2026, and in accordance with that Corporations Instrument amounts in the half-year financial report are rounded off to the nearest $1,000, unless otherwise indicated. (d) Functional and Presentation Currency Items included in the financial statements of each of the Group's entities are measured using the currency of the primary economic environment in which the entity operates ("the functional currency"). The consolidated financial statements are presented in Australian Dollars ($), which is the Company’s functional currency and Group's presentation currency. (e) Comparatives The comparative period is the six months ended 30 June 2025 for the Statement of Comprehensive Income and Statement of Cash Flows, and 31 December 2025 for the Statement of Financial Position. (f) Segment Information An operating segment is a component of an entity that engages in business activities from which it may earn and incur expenses. The operating results of a segment are regularly reviewed by the entity’s Chief Operating Decision Maker to make decisions about resources to be allocated to the segment and assess its performance, for which discrete financial information is available. The Chief Operating Decision Maker, who is responsible for allocating resources and assessing performance of the Group, has been identified as the Managing Director (“Group MD”). The Group considers the business as one Group of centres and therefore has identified one operating segment of which the principal activity is the operation of childcare centres. The Group currently operates in one geographical segment in Australia.

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Embark Early Education Limited Notes to the Consolidated Interim Financial Statements EMBARK EARLY EDUCATION LIMITED 11 1. Material Accounting Policies (continued) (g) Investment in associates Associates are entities over which the Group has significant influence but not control or joint control. Investments in associates are accounted for using the equity method. Under the equity method, investments in associates are initially recognised at cost and subsequently adjusted for the Group's share of the associate's post-acquisition profits or losses and other comprehensive income. Dividends received or receivable from associates reduce the carrying amount of the investment. Goodwill relating to an associate is included in the carrying amount of the investment and is neither amortised nor separately tested for impairment. When the Group's share of losses in an associate equals or exceeds its interest in the associate, the Group does not recognise further losses unless it has incurred obligations or made payments on behalf of the associate. The Group discontinues the use of the equity method when it ceases to have significant influence over the associate. Any retained interest is remeasured to fair value, with any resulting difference recognised in profit or loss. 2. Critical accounting judgements, estimates and assumptions The preparation of the interim financial statements requires management to make judgements and estimates consistent with those applied in the Group’s annual financial statements. During the half year, management performed impairment assessments over the Group’s right-of-use assets, goodwill and investment in associate. These assessments required judgement regarding forecast cash flows, discount rates and other assumptions used in determining recoverable amounts. Changes in these assumptions may result in different impairment outcomes. Following the increase in the Group’s ownership interest in Mayfield Childcare Limited to 49.8%, management assessed whether the Group controls Mayfield in accordance with AASB 10. Management concluded that the Group does not have control, having regard to its voting rights, the absence of unilateral decision-making authority over the relevant activities of Mayfield and the absence of contractual arrangements providing control. Accordingly, the Group has significant influence over Mayfield and the investment is accounted for as an associate. 3. Revenue Half Year 30 June 2026 Half Year 30 June 2025 $'000 $'000 Revenue from continuing operations recognised over time: Childcare fees - Parent 13,501 13,790 Childcare fees - Government Funding 33,650 35,550 Other revenue 99 70 Total Revenue 47,250 49,410 (a) Childcare Fees Revenues are recognised over time when the Group satisfies its performance obligations by providing early childhood education services to customers. (b) Government Funding Australian Government funding relates to fees paid under the Child Care Subsidy and are recognised over time when there is reasonable assurance that the funding will be received. Australian Government funding is received in arrears.

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Embark Early Education Limited Notes to the Consolidated Interim Financial Statements EMBARK EARLY EDUCATION LIMITED 12 4. Property, Plant and Equipment Plant and Equipment Leasehold Improvements Motor Vehicles Total $'000 $'000 $'000 $'000 Cost Balance as at 31 December 2025 2,594 2,555 121 5,270 Additions/transfers 188 371 57 616 Disposals - (11) - (11) Balance as at 30 June 2026 2,782 2,915 178 5,875 Depreciation and impairment Balance as at 31 December 2025 (1,582) (1,237) (21) (2,840) Depreciation charge for period (248) (160) (9) (417) Disposals - - - - Balance as at 30 June 2026 (1,830) (1,397) (30) (3,257) Carrying amounts as at 31 December 2025 1,012 1,318 100 2,430 Carrying amount at 30 June 2026 952 1,518 148 2,618 Property, plant and equipment are stated at historical cost less accumulated depreciation. 5. Right-of-Use Assets and Lease Liabilities a) Right-of-Use Assets Leased properties Total $'000 $'000 Opening net book value as at 31 December 2025 97,292 97,292 Additions 730 730 Acquisition of childcare centres - - Disposals - - Depreciation (2,324) (2,324) Impairment (823) (823) Closing net book value as at 30 June 2026 94,875 94,875 Cost 116,683 116,683 Accumulated depreciation (19,042) (19,042) Accumulated impairment (2,766) (2,766) As at 30 June 2026 94,875 94,875 b) Lease Liabilities 30 June 2026 31 December 2025 $'000 $'000 Current lease liabilities 10,430 10,393 Non-current lease liabilities 107,453 107,010 Total lease liabilities 117,883 117,403

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Embark Early Education Limited Notes to the Consolidated Interim Financial Statements EMBARK EARLY EDUCATION LIMITED 13 6. Goodwill Total $'000 Gross carrying amount Balance at 31 December 2025 103,041 Additions - Balance at 30 June 2026 103,041 Amortisation and impairment Balance at 31 December 2025 - Amortisation and impairment 3,042 Balance at 30 June 2026 3,042 Carrying amounts as at 31 December 2025 103,041 Carrying amount at 30 June 2026 99,999 Impairment The Group performed impairment assessments at 30 June 2026 in response to impairment indicators identified during the period. Recoverable amounts were determined for individual cash-generating units (CGUs) using value-in-use calculations. These calculations were based on actual trading results to 30 June 2026 and revised forecasts for the remainder of the forecast period. The updated forecasts reflected changes in the expected trading performance since the Group’s impairment assessment at 31 December 2025, including revised occupancy expectations for certain centres. The key assumptions used in determining recoverable amounts included forecast occupancy and fee growth, wage growth, discount rates and terminal growth rates. As a result of the assessments, impairment losses of $3.865 million were recognised in respect of three CGUs, comprising $3.042 million against goodwill and $0.823 million against right-of-use assets. The methodology and key assumptions applied were otherwise consistent with those used in the Group’s 31 December 2025 impairment assessment, updated where appropriate for current forecasts. The impairment assessment is most sensitive to changes in forecast revenue and wage growth. Sensitivity analysis was performed by applying reasonably possible changes to these assumptions across the individual CGUs, while holding all other assumptions constant. A 2% reduction in forecast revenue growth would increase the aggregate impairment to approximately $6.0 million, while a 2% increase in forecast wage growth would increase the aggregate impairment to approximately $4.8 million. 7. Investment in Associate On 5 March 2026, the Group obtained significant influence over Mayfield Childcare Limited following the acquisition of an additional interest, increasing its ownership interest to 49.8%. From that date the investment has been accounted for using the equity method. At 30 June 2026, the carrying amount of the investment was $6.8 million (31 December 2025: financial asset at fair value through profit or loss of $7.3 million). During the period the Group recognised an impairment loss of $11.4 million in relation to the investment.

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Embark Early Education Limited Notes to the Consolidated Interim Financial Statements EMBARK EARLY EDUCATION LIMITED 14 8. Trade and Other Payables 30 June 2026 31 December 2025 $'000 $'000 Goods and services tax payable 48 - Other payables 359 458 State Government Subsidy 1,718 1,557 Total trade and other payables 2,125 2,015 Trade payables are unsecured and are usually paid within 30 days of recognition. The carrying amount of trade and other payables are the same as their fair value, due to their short-term nature. 9. Employee Entitlements 30 June 2026 31 December 2025 $'000 $'000 Accrued wages and salaries 1,784 2,295 Employee leave provisions - current 4,891 4,753 Total employee entitlements - current 6,675 7,048 30 June 2026 31 December 2025 $'000 $'000 Employee leave provisions - non-current 480 558 Total employee entitlements - non-current 480 558 10. Dividends CPS Total dividend $'000 Financial year 2026 Fully franked dividend for the year ended 31 December 2025 (paid on 23 March 2026) 1.5 3,051 Fully franked dividend for the year ended 31 December 2025 (paid on 15 June 2026) 1.5 3,057 Franked dividend paid during the half-year ended 30 June 2026 6,108 Financial year 2025 Fully franked dividend for the year ended 31 December 2024 (paid on 19 March 2025) 1.5 2,754 Fully franked dividend for the year ended 31 December 2024 (paid on 17 June 2025) 1.5 2,753 Franked dividend paid during the half-year ended 30 June 2025 5,507 11. Related Party Transactions a) Parent entity The Parent entity within the Group is Embark Early Education Limited. b) Identity of Related Parties Related parties of the Group are:  The Board of Directors comprising Hamish Stevens, Kim Campbell, Christopher Scott, Renita Garard and Michelle Thomsen.

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Embark Early Education Limited Notes to the Consolidated Interim Financial Statements EMBARK EARLY EDUCATION LIMITED 15 12. Subsequent Events On 4 August 2026, the Group announced that it had received a binding commitment from a single institutional investor to subscribe for 10,000,000 fully paid ordinary shares at an issue price of $0.40 per share, raising gross proceeds of $4.0 million before costs. The new shares were allotted on 10 August 2026. The proceeds from the placement will be used to partly fund future asset acquisition opportunities and the transaction costs of the placement. Subsequent to 30 June 2026, Mayfield Childcare Limited announced a non-renounceable pro-rata entitlement offer. The Group subscribed for its full entitlement of 15,025,804 additional shares at $0.10 per share, for total consideration of approximately $1.5 million. Other than the matters described above, no other matter or circumstance has arisen since 30 June 2026 that has significantly affected, or may significantly affect, the Group’s operations, results or state of affairs in future financial periods.

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Embark Early Education Limited Directors’ Declaration EMBARK EARLY EDUCATION LIMITED 16 In the directors’ opinion:  The attached financial statements and notes comply with the Corporations Act 2001, Australian Accounting Standard AASB 134 ‘Interim Financial Reporting’, the Corporations Regulations 2001 and other mandatory professional reporting requirements;  The attached financial statements and notes give a true and fair view of the consolidated entity’s financial position as at 30 June 2026 and of its performance for the financial half-year ended on that date; and  There are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable. Signed in accordance with a resolution of directors made pursuant to section 303(5)(a) of the Corporations Act 2001. On behalf of the directors Hamish Stevens Chair Embark Early Education Limited 27 August 2026

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Grant Thornton Audit Pty Ltd King George Central Level 18 145 Ann Street Brisbane QLD 4000 GPO Box 1008 Brisbane QLD 4001 T +61 7 3222 0200 grantthornton.com.au ACN-130 913 594 Grant Thornton Audit Pty Ltd ACN 130 913 594 a subsidiary or related entity of Grant Thornton Australia Limited ABN 41 127 556 389 ACN 127 556 389. Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton Australia Limited is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 ACN 127 556 389 and its Australian subsidiaries and related entities. Liability limited by a scheme approved under Professional Standards Legislation. I ndependent Auditor’s Review Report To the Members of Embark Early Education Limited Report on the half-year financial report Conclusion We have reviewed the accompanying half-year financial report of Embark Early Education Limited (the Company) and its subsidiaries (the Group), which comprises the consolidated statement of financial position as at 30 June 2026, and the consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the half year ended on that date, including material accounting policy information, other selected explanatory notes, and the directors’ declaration. Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the accompanying half-year financial report of Embark Early Education Limited does not comply with the Corporations Act 2001 including: a giving a true and fair view of the Group’s financial position as at 30 June 2026 and of its performance for the half year ended on that date; and b complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001. Basis for Conclusion We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity. Our responsibilities are further described in the Auditor’s Responsibilities for the Review of the Financial Report section of our report. We are independent of the Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) that are relevant to our audit of the annual financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

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Grant Thornton Audit Pty Ltd. Directors’ responsibility for the half-year financial report The Directors of the Company are responsible for the preparation of the half-year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the Directors determine is necessary to enable the preparation of the half-year financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. Auditor’s responsibility for the review of the financial report Our responsibility is to express a conclusion on the half-year financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity, in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the half year financial report is not in accordance with the Corporations Act 2001 including giving a true and fair view of the Group’s financial position as at 30 June 2026 and its performance for the half-year ended on that date, and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001. A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. G rant Thornton Audit Pty Ltd Chartered Accountants CDJ Smith Partner – Audit & Assurance Brisbane, 27 August 2026

Interim report