MegaStudyEdu (215200) Q2 2025 earnings summary

Executive summary

• Delivered consolidated revenue of KRW 438.7 billion for H1 2025, down 5.4% year-over-year, with operating income of KRW 58.9 billion and net income of KRW 46.6 billion, reflecting a challenging education market and business restructuring.

• Major business events included the sale of the public official education division, acquisition of the Unistudy business, and several intra-group mergers to enhance operational efficiency.

• The company maintained a strong balance sheet with total assets of KRW 882.8 billion and equity of KRW 485.7 billion as of June 2025.

Financial highlights

• H1 2025 consolidated revenue: KRW 438.7 billion (down from KRW 463.8 billion in H1 2024).

• Operating income: KRW 58.9 billion (down from KRW 123.6 billion in FY2024).

• Net income attributable to owners: KRW 44.4 billion (down from KRW 46.2 billion in H1 2024).

• Basic EPS: KRW 4,139 for H1 2025.

• Cash and cash equivalents at period end: KRW 13.1 billion (down from KRW 54.4 billion at FY2024 year-end).

Outlook and guidance

• The company expects continued growth in the high school and university segments, with a focus on digital content and premium offline services.

• Ongoing restructuring and portfolio optimization are expected to improve profitability and operational efficiency.