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% year-over-year to KRW 92.9 billion, mainly due to a low base effect from non-recurring losses in the prior year.

• Total assets increased by 2.0% to KRW 896.2 billion, while total liabilities decreased by 8.7% to KRW 375.6 billion.

• Equity rose 11.5% to KRW 520.6 billion, driven by higher retained earnings.

Financial highlights

• Gross profit was KRW 501.8 billion, down 5.9% year-over-year.

• Selling, general, and administrative expenses decreased by 7.2% to KRW 380.3 billion.

• Basic and diluted EPS were KRW 8,072, up 92.2% year-over-year.

• Cash and cash equivalents at year-end were KRW 66.3 billion, up from KRW 54.4 billion.

• 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.

• Strategic divestiture of the underperforming civil service business and acquisition of Unistudy are expected to improve profitability and expand market share in higher education.