MegaStudyEdu (215200) Q1 2026 earnings summary

Executive summary

• Report covers Q1 2026, with consolidated and separate financials prepared under K-IFRS, and an unqualified audit opinion for the period.

• The company operates across pre-school, elementary, high school, university, employment, and other segments, offering online/offline education, publishing, and related services.

• Recent significant M&A activity includes multiple subsidiary mergers, business transfers, and acquisitions to streamline operations and enhance synergies.

Financial highlights

• Q1 2026 consolidated revenue: KRW 236.5 billion, nearly flat year-over-year (Q1 2025: KRW 237.7 billion).

• Operating income: KRW 26.0 billion, down slightly from KRW 26.2 billion in Q1 2025.

• Net income attributable to owners: KRW 22.6 billion, up from KRW 21.4 billion in Q1 2025.

• Basic EPS: KRW 2,178 (Q1 2025: KRW 1,986).

• Cash and cash equivalents at period end: KRW 111.8 billion, up from KRW 66.3 billion at 2025 year-end.

Outlook and guidance

• The company targets a 60% payout ratio (dividends and share buybacks) of separate net income over 2024–2026.

• Ongoing focus on digital transformation, AI-based education, and expansion in lifelong and vocational training.