MegaStudyEdu (215200) Q4 2025 earnings summary

Executive summary

• Achieved consolidated revenue of KRW 884.9 billion in FY2025, a 6.1% decrease year-over-year, with operating income of KRW 121.0 billion, down 2.1% from the previous year. Net income surged 85.3% to KRW 92.9 billion, mainly due to a low base effect from prior-year non-recurring losses.

• Total assets increased by 2.0% to KRW 896.2 billion, while liabilities decreased by 8.7% to KRW 375.6 billion, and equity rose by 11.5% to KRW 520.6 billion.

Financial highlights

• Gross profit margin remained robust at 56.7% (KRW 501.8 billion gross profit on KRW 884.9 billion revenue).

• Selling, general, and administrative expenses decreased 7.2% year-over-year, reflecting cost control efforts.

• Basic and diluted EPS were KRW 8,072, nearly doubling from KRW 4,199 in the prior year.

• Dividend per share increased to KRW 3,000, with a payout ratio of 36.4%.

Outlook and guidance

• Management expects continued focus on operational efficiency and cost control, with ongoing investments in digital and AI-based education services.

• The company plans to maintain a shareholder return policy targeting 60% of separate net income over 2024–2026 through dividends and share buybacks.