EpicQuest Education Sees 29% Revenue Surge in H1 Fiscal 2025, Boosts Gross Margin to 64%

Reuters
08/22
EpicQuest Education Sees 29% Revenue Surge in H1 Fiscal 2025, Boosts Gross Margin to 64%

EpicQuest Education Group International Ltd. announced its financial results for the first half of fiscal year 2025, revealing a significant 29.1% increase in revenue to $5.37 million compared to $4.16 million in the same period of fiscal 2024. This growth was primarily attributed to a rise in enrollments in the company's international foundational and collaborative programs offered by Davis University and EduGlobal College, as well as domestic programs at these institutions. The company's gross profit also saw a substantial increase, reaching $3.42 million, up from $2.40 million in the first half of fiscal 2024, marking a 42.5% growth. This improvement was largely due to a relatively modest 10.8% increase in the costs of services, resulting in an enhanced gross margin of 63.7%, up from 57.7% in the previous year. The rise in gross profit was supported by cost reduction initiatives and a decrease in non-cash expenses related to share-based compensation. The company's expansion of international programs enabling students to commence their studies in their home countries contributed significantly to these positive financial outcomes. EpicQuest Education did not provide specific forward-looking guidance in this announcement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EpicQuest Education Group International Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL55574) on August 21, 2025, and is solely responsible for the information contained therein.

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