This financial report is an extract from the audited financial statements for the Foundation for Young Australians (including YLab) for the year ended 31 December 2025. The full audited financial statements and Directors’ Report are available here.
| In Australian dollars | 2025 | 2024 |
|---|---|---|
| ASSETS | ||
| Current assets | 3,647,84 | 3,047,708 |
| Non-current assets | 58,405,679 | 59,420,199 |
| Total Assets | 62,053,528 | 62,467,907 |
| LIABILITIES | ||
| Current liabilities | 988,631 | 920,371 |
| Non-current liabilities | 283,373 | 617,814 |
| Total liabilities | 1,272,00 | 1,538,185 |
| Net assets | 60,781,524 | 60,929,722 |
| ACCUMULATED FUNDS | ||
| Retained earnings | 60,781,524 | 60,929,722 |
| Total accumulated funds | 60,781,524 | 60,929,722 |
| Retained earnings | Total funds | |
|---|---|---|
| BALANCE AT 1 JAN 2024 | 59,584,206 | 59,584,206 |
| Comprehensive income | ||
| Profit for the year | 1,345,516 | 1,345,516 |
| Total comprehensive income | 1,345,516 | 1,345,51 |
| BALANCE AT 31 DEC 2024 | 60,929,722 | 60,929,722 |
| Comprehensive income | ||
| Loss for the year | -148,198 | -148,198 |
| Total comprehensive income | -148,198 | -148,198 |
| BALANCE AT 31 DECEMBER 2025 | 60,781,524 | 60,781,524 |
