MegaStudyEdu's 1Q26 consolidated net profit at KRW 22.5bn... shareholder return policy continues

Consolidated 1Q26: Revenue KRW 236.5bn (-0.5% YoY), Operating profit KRW 26.0bn (-0.8% YoY), Net profit attr. to parent KRW 22.5bn (+12.3% YoY)
Maintains 3-year (2024-2026) cumulative shareholder return policy of 60% of separate net income (dividends + share buyback/cancellation)
Treasury share cancellation completed for 3 consecutive years (2023-2025); total shares outstanding at end-Mar 2026: 10,365,216
Restructured portfolio: divested loss-making civil service exam business for KRW 11.4bn (Dec 2024), acquired 'Unistudy' for KRW 3.5bn (May 2025)
Continued efficiency improvements via mergers and asset transfers among subsidiaries (MegaC&S, Hyeonhyeon Education, MegaCareerLab, IvyKimYoung, etc.)
Employment/IT education segment continued operating loss of KRW 0.9bn; High school segment contributed 73.6% of total operating profit
Debt-to-equity ratio: 91.1% (vs 72.2% at end-2025), mainly due to increased liabilities from business transfers
Investments in associates: KRW 18.6bn; guarantees provided to related parties: KRW 2.45bn (Saeisol)
Imposed corrective order and fine of KRW 250mn by Fair Trade Commission (Jan 2025, for false advertising; fully paid)