Core Viewpoint - EpicQuest Education Group International Limited has announced an Agency Agreement with Veritas Global Uni (Pvt) Ltd to recruit students for Davis University's online graduate programs, aiming to enhance accessibility to higher education for diverse regions [1][2]. Group 1: Agreement Details - The Agreement allows Veritas to act as a non-exclusive recruitment agent for Davis University's online Masters of Science in Management and Graduate Foundational programs [1][2]. - Target regions for recruitment include China, Hong Kong, Singapore, the Middle East, and Southeast Asia, excluding Sri Lanka due to an existing agreement with another party [2]. Group 2: Strategic Importance - The collaboration is part of EpicQuest Education's internationalization strategy, which aims to expand student enrollment and academic offerings [3]. - The initiative is designed to support students in pursuing meaningful careers by providing flexible online education options that enhance employability [2][3]. Group 3: About Davis University - Davis University, founded in 1858, is a private career-training institution in Toledo, Ohio, offering specialized professional training and flexible coursework [4]. - The university has agreements with several four-year US universities for transfer pathways and articulation agreements with international schools [4]. Group 4: About EpicQuest Education - EpicQuest Education provides comprehensive education solutions for students seeking degrees in the US, Canada, and the UK, and owns EduGlobal College in British Columbia [5]. - The company has established a wholly owned subsidiary, Gilmore Inv LLC, to offer international educational programs related to kinesiology and recreation education [6].

Core Insights - EpicQuest Education Group International Limited reported a year-over-year revenue increase of 10% for the fiscal year 2025, reaching $8.95 million, driven by the success of its higher education institutions and innovative programs [2][4] - The flagship institution, Davis University, achieved its first year of profitability, marking a significant milestone in the company's growth strategy [2][10] - The company has adopted a dual strategy focusing on career-oriented programs and international collaborations, which has led to increased enrollment despite challenges in the U.S. education market [2][16] Financial Performance - Revenues for fiscal year 2025 were $8.95 million, an increase of $0.79 million or 9.7% from $8.15 million in fiscal 2024 [4] - Gross profit rose to $5.93 million, up by $0.62 million or 11.7% compared to $5.31 million in fiscal 2024, attributed to improved cost management [5] - Operating costs decreased by 20.6% to $10.11 million from $12.74 million in fiscal 2024, primarily due to a reduction in general and administrative expenses [6] - The operating loss narrowed to $4.18 million, a decrease of 43.7% from a loss of $7.43 million in fiscal 2024 [7] - Net loss was $2.53 million, down 61.5% from a net loss of $6.57 million in fiscal 2024 [9][11] Cash and Liquidity - As of September 30, 2025, the company had $4.75 million in cash and cash equivalents, an increase of 313.0% from $1.15 million in the previous year [12] - Working capital improved to $7.41 million with a current ratio of 1.83x, compared to $2.03 million and a current ratio of 1.21x in the prior year [12] - Net cash used in operating activities decreased to $2.95 million from $9.48 million in fiscal 2024, reflecting improved financial performance [13] Enrollment and Programs - Davis University saw an 85.0% increase in international student enrollment in the first academic quarter of 2025, with 407 international students compared to 220 in the same quarter of 2024 [19] - The company’s foundational programs enrolled 220 students for the 2025-2026 academic year, up from 102 the previous year, indicating strong demand for these offerings [23] - EduGlobal College's cooperative diploma programs, which started in Fall 2025, are expected to enhance domestic recruiting efforts by providing students with work experience [21] Strategic Initiatives - The company was awarded the CES Speed Award for Global Branding, highlighting its success in international brand acceleration [3] - EpicQuest Education is developing an AI-powered platform to enhance student engagement and tutoring, aiming to provide personalized learning experiences [3] - The company has entered into various agreements to expand its international reach, including a partnership with The Lyceum Campus in Sri Lanka and an agency agreement with MSM Unify to recruit students from Africa and the Middle East [25][26]

Core Insights - Davis University has signed a non-binding Memorandum of Understanding (MOU) with The Lyceum Campus in Sri Lanka to offer its Masters of Science in Management program internationally, with the potential to generate at least $2 million in revenue over the next four years [1][2] Company Overview - EpicQuest Education Group International Limited operates Davis University, which focuses on providing higher education for both domestic and international students in the US, Canada, and the UK [1][7] - Davis University, founded in 1858, is a private career-training institution located in Toledo, Ohio, offering specialized professional training and flexible coursework to enhance employability [5][6] Strategic Initiatives - The MOU with Lyceum is part of Davis University's internationalization strategy, aimed at expanding access to education and strengthening its global revenue base [2][4] - The partnership is expected to attract a minimum of 150 students in the first year, increasing by 100 students annually, reaching a target of 450 students by the fourth year [2] Educational Offerings - The Masters of Science in Management program will be delivered through online teaching, ensuring that all courses are fully accredited by Davis University [2] - Lyceum Campus provides state-of-the-art facilities and a curriculum that meets international standards, offering students the opportunity to earn degrees in their home country [3]

Core Insights - EpicQuest Education Group International Limited is focusing on international student recruitment as a key element of its strategic growth plan, particularly through its Davis University Associate Degree programs [2][5] - The enrollment of international students at Davis University has shown significant growth, with a 5x increase from 51 students in 2023 to 267 students in 2025 [2][3] - The number of educational institutions collaborating with Davis University has increased from one to three, with expectations to reach five in the next academic year, potentially doubling international student enrollment for 2026 [3] Enrollment Metrics - For the 2023 academic year, Davis University enrolled 51 international students, which increased to 101 for 2024, and further to 267 for 2025, indicating a rapid growth trajectory [2] - The growth rate in international Associate Degree student enrollment is 500% over two years [2] Strategic Collaborations - The number of collaborating educational institutions for Davis University's Associate Degree programs has expanded from one to three, with plans to increase to five in the upcoming year [3] - This strategic collaboration is aligned with the US government's support for career-oriented education, which emphasizes the need for education to meet modern workforce demands [3] Company Overview - EpicQuest Education provides comprehensive education solutions for both domestic and international students seeking higher education in the US, Canada, and the UK [6] - The company operates Davis University, a career training institution in Toledo, Ohio, and EduGlobal University in British Columbia, Canada [7]