MegaStudyEdu (215200) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 was ₩688.4 billion, down from ₩942.2 billion in the prior year, reflecting the divestiture of the public official business and changes in segment reporting.

• Operating income for the same period was ₩112.0 billion, compared to ₩123.6 billion year-over-year.

• Net income attributable to controlling interests was ₩82.8 billion, up from ₩81.0 billion in the prior year.

• The company completed several M&A and business restructuring activities, including the sale of the public official business and the acquisition of the UniStudy business.

Financial highlights

• Revenue: ₩688.4 billion for 2025 3Q YTD (down from ₩942.2 billion in 2024).

• Operating income: ₩112.0 billion (down from ₩123.6 billion in 2024).

• Net income: ₩88.7 billion (up from ₩65.0 billion in 2024).

• Basic and diluted EPS: ₩7,789 (up from ₩4,199 in 2024).

• Cash and cash equivalents at period end: ₩31.9 billion (down from ₩54.4 billion at 2024 year-end).

Outlook and guidance

• The company is focused on expanding its core education business and improving profitability through restructuring and targeted acquisitions.

• A shareholder return policy is in place to return 60% of net income over three years via dividends and share buybacks.