Evolve Education Group Limited (ASX/NZX: EVO) has released its audited full year results for the year ended 31 December 2021, showing total revenue of $158.0m, with a net profit after tax of $0.7m.
Underlying EBITDA for the financial year was $12.6m, with a significant contribution from its Australian operations.
The result was impacted by government mandated lockdowns and restrictions in New Zealand, resulting in a more than $6m loss of parent revenue.
EVO held $47m in cash at 31 December 2021.
Guidance for FY22 was provided subject to there being no material Covid 19 related issues.
Centre acquisition process in Australia was put on hold during NZ Covid-19 lockdowns.
Further guidance for FY22 has been withdrawn due to uncertainty caused by the Omicron variant of Covid 19.
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