Revenue Rises a Solid 17% Despite Industry Challenges;

New AI EdTech and Expansion Initiatives Position EEIQ for Future Growth

TOLEDO, Ohio, June 25, 2026 /Globe Newswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), (“EpicQuest Education”, “EEIQ” or the “Company”), a provider of comprehensive education and EdTech solutions for international and domestic students seeking college and university degrees in the US, Canada and the UK, today announced its first half financial results for the six months ended March 31, 2026.

“We are pleased to announce 17% revenue growth for the first half of fiscal 2026 driven by the continued expansion of our foundational and collaborative programs delivered in students’ home countries. These programs are designed to prepare students for academic study abroad and have proven to be tremendously successful. Our strategic focus on internationalization remains a powerful growth engine, further strengthened by agreements with leading universities worldwide,” commented Jianbo Zhang, CEO of EpicQuest Education.

“It is estimated that more than 100 colleges have closed or merged over the past two academic years due to financial pressures, shifting demographics and skepticism about the value of a college degree. However, EpicQuest Education has bucked the trend, having grown its first half year-over-year revenue 51% since fiscal 2024. Our mission is to deliver results-driven, globally accessible learning experiences that empower students to earn Bachelor’s and Master’s degrees to secure high-quality careers.”

“Looking ahead, we are exploring new partnerships in the US and key international markets to broaden our academic pathways for our students. At the same time, we are pursuing new business initiatives that we believe will propel our growth and become sources of future revenue. This includes the development of an AI-powered platform to enhance student engagement and tutoring through the essential integration of human interaction with AI technology. We are also progressing on plans to establish Davis University branch campuses beginning in the US to expand enrollment and provide more options for our international students. We believe that our unique value proposition delivers highly positive outcomes for students as well as long-term returns for our shareholders.” 

 

First Half 2026 Financial Results Ended March 31, 2026

Revenues were $6.27 million for the first half of fiscal 2026 compared to $5.37 million for the first half of fiscal 2025, an increase of $0.90 million, or 16.8%. The rise in revenue was mainly due to the increase in the international foundational and collaborative programs that are offered by Davis University, and the resulting increase in international student enrollment.

Gross profit was $3.63 million for the first half of fiscal 2026 compared to $3.42 million for the same period of 2025, an increase of $0.22 million, or 6.3%. The increase was primarily due to the 16.8% increase in revenue in the current period which was offset by the increase in costs of services of 35.2% for the first half of fiscal 2026 compared to the same period of 2025. This margin contraction was primarily due to lower student occupancy rates within dormitory services which reduced fixed-cost absorption, as well as higher agent recruiting fees incurred to launch a new academic program.

Operating Expenses were $6.08 million for the first half of fiscal 2026 compared to $5.38 million for the same period of 2025, an increase of $0.70 million, or 13.0%. The increase was due to a 12.7% increase in general and administrative expenses to $5.08 million in the current period from $4.51 million for the same period of 2025, and a 14.7% increase in selling expenses in the current period to $1.00 million from $0.87 million for the same period of 2025. The increase in general and administrative expenses was mainly due to non-cash expenses attributable to share-based compensation granted to directors, officers and employees. Selling expenses include student recruitment commissions paid to agents who provide student recruitment services and expenses related to business development.

Operating loss was $2.45 million for the first half of fiscal 2026 compared to an operating loss of $1.96 million for the same period of 2025, representing an increase of $0.49 million, or 24.8%. The increase in operating loss was primarily due to the 35.2% increase in costs of services in the current period as compared to the same period of 2025.

Net loss was $3.16 million for the first half of fiscal 2026 compared to a net loss of $0.16 million for the same period of 2025 due to the factors discussed above and the following events: (1) an expense of $0.6 million in the current period attributable to an expected reduction in revenue from soccer matches; and (2) a $1.9 million gain from the sale of fixed assets in the year-ago period.

Net Loss Per Basic and Diluted Share for the first half of fiscal 2026 was $1.92 compared to a net loss of $0.28 per basic and diluted share for the same period of 2025. The weighted average number of shares used in the computation of basic and diluted earnings per share for the first half of 2026 was 1,470,812 shares compared to 827,060 shares for basic and diluted earnings per share in the prior year period. All share and per share information has been retroactively adjusted to give effect to the 1-for-16 reverse stock split effected on February 17, 2026. 

 

Financial Condition

As of March 31, 2026, the Company had $0.31 million in cash and cash equivalents, a decrease of $4.45 million as compared to $4.75 million as of the fiscal year end of September 30, 2025. Subsequent to the end of the first six months of fiscal 2026, the Company raised $0.6 million less offering expenses (for more information, see ‘Subsequent Event’ below). As of March 31, 2026, working capital was $5.59 million (current assets minus current liabilities) and the current ratio (current assets divided by current liabilities) was 1.91, as compared to working capital of $7.41 million and a current ratio of 1.83 as of September 30, 2025. Stockholders’ equity as of March 31, 2026 was $7.25 million, a decrease of $1.56 million as compared to $8.81 million as of September 30, 2025.

 

Liquidity and Capital Resources

Net cash used in operating activities for the six months ended March 31, 2026 was $4.09 million, compared to net cash used in operating activities of $2.29 million for the six months ended March 31, 2025, representing a $1.80 million increase in the net cash outflow. This increase was primarily due to the $3.00 million increase in net cash outflow resulting primarily from the net loss of $3.16 million for the six months ended March 31, 2026 as compared to a net loss of $0.16 million for the comparable year-ago period.

Net cash used in investing activities was $0.02 million for the six months ended March 31, 2026, which was for the purchase of furniture and fixtures. Net cash generated in investing activities was $1.50 million for the six months ended March 31, 2025, which represented the proceeds from the sale of a real estate property.

Net cash used by financing activities was $0.35 million for the six months ended March 31, 2026 which represented the loan repayment to a third-party; for the six months ended March 31, 2025, the Company had net cash provided by financing activities of $nil.

 

New EpicQuest Education Initiatives

High School Acceleration and Pathway Programs. Davis University recently entered into agreements with four Canadian high schools where students can enter into accelerated university pathway programs by enrolling in Davis’ first-year online Bachelor of Science in business courses. This is a new revenue stream for the Company, and it also represents a recruitment pool for its full-time Davis degree programs. We believe that experiencing the rigor of college-level academics and the ability to transfer college credits to Davis’ partner universities represents a compelling opportunity for the high school student cohort. We will continue to engage with high schools in the US, Canada, and abroad to further develop this new growth segment for the Company.

New EdTech Capabilities Harnessing the Power of AI.  We are committed to be a leader in AI and its application for higher education since we believe that AI can empower student achievement. However, we firmly believe that this has to be a blended approach of both AI and traditional teaching since the human connection is extremely important with AI. We are currently beta-testing advanced AI capabilities that will provide 24/7 personalized tutoring, specific coursework support, and language assistance. A key to our AI model is to proactively understand how each individual student learns and to customize our generative AI model based on each student’s learning behavior. Importantly, we are designing our AI model with policies that are aligned with our education values which include data privacy, wide integration capabilities, and mandatory training. We plan to launch our AI learning tool for the Fall 2026 semester.

Extending our Academic Reach through Branch Campuses. We plan to develop branch campuses of Davis University in different cities in the US and abroad. These campuses will offer select academic programs, maintain its academic standards and will award the University’s degrees. We believe that this will increase our overall enrollment while reaching underserved areas with our unique approach to providing a broad spectrum of career-oriented courses and individualized academic journeys for students. Further, the increasing success of our foundational programs abroad prioritizes the development of a US branch campus in order to increase options for international students to study in the US. We plan to launch our first US branch campus for the Spring 2027 semester.

 

Subsequent Event

On May 6, 2026, the Company closed on a private placement with certain accredited investors for the sale of (i) 150,000 ordinary shares, and (ii) warrants to purchase up to an aggregate of 600,000 ordinary shares. The combined purchase price of one ordinary share and the accompanying warrants was $4.00. Subject to certain ownership limitations, the warrants are exercisable into one ordinary share at a price of $4.80 which will expire in one year from the date of issuance.

 

EpicQuest Education’s Strategy of Internationalization

Our strategic plan is to achieve sustainable growth through our strategy of internationalization which is a key element of our strategic growth plan. EpicQuest Education’s owned and operated colleges, Davis University in Toledo and Davis Academy in Vancouver, have become increasingly focused on international recruiting and enrollment as it provides enhanced globalized learning to its students as well as pathways to achieve university degrees. The Company’s foundational programs essentially export our academic programming at an affordable cost for students since they study in their home countries to gain the skills needed for study abroad while earning course credits needed for attendance at our two institutions of higher learning as well as top universities. A vital component of EpicQuest Education’s strategic growth plan is to become increasingly involved with international collaborations in order to leverage our academic programming and unique culture of learning. Through its strategy of internationalization expansion, EpicQuest Education is establishing itself as a renowned international service provider of higher learning. 

 

About EpicQuest Education Group International Limited 

EpicQuest Education Group International Limited (“EpicQuest Education” or the “Company”) provides comprehensive education solutions for domestic and international students seeking university and college degrees in the US, Canada and the UK. The Company owns and operates Davis Academy a/k/a EduGlobal College, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training college located in Toledo, Ohio. In addition, the Company has a recruiting relationship with the Miami University Regional campuses, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University. The Company is also a recruiting agent for the University of the West of Scotland (through The Education Group (London) Ltd) and Coventry University, both of which are located in the UK. For more information, please visit www.epicquesteducation.com/.

 

Safe Harbor Statement

Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, the ability of the Company to achieve the enrollment goals outlined and the ability of the Company to achieve meaningful future revenue increases. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our most recent Form 20-F and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

 

- FINANCIAL TABLES FOLLOW -

 

ePICQUEST EDUCATION GROUP international LIMITED

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF MARCH 31, 2026 AND SEPTEMBER 30, 2025

(US$, except share data and per share data, or otherwise noted)

 

		March 31, 2026				September 30, 2025
		US$				US$
		(Unaudited)
Assets
Current Assets
Cash and cash equivalents			306,941				4,754,522
Restricted cash			338,712				338,712
Accounts receivable, net of credit loss allowance of $nil and $nil			133,415				492,897
Other receivable			1,701,385				2,131,402
Prepaid expenses			1,517,070				590,443
Other prepaid for events			7,200,023				7,500,023
Inventory			43,248				46,381
Income tax receivable			450,000				450,000
Total current assets			11,690,794				16,304,380
Non-current assets
Property and equipment, net			357,910				433,677
Intangible assets			4,130,211				4,243,423
Right-of-use assets			2,087,637				2,141,754
Goodwill			2,652,772				2,652,772
Total assets			20,919,324				25,776,006
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Current liabilities
Accounts payable and other liabilities			3,014,128				1,952,161
Loan payable			59,956				-
Income tax payable			4,074				4,074
Due to related party			140,000				140,000
Lease liabilities – current			629,693				752,429
Deferred revenue			2,257,873				6,042,639
Total current liabilities			6,105,724				8,891,303
Non-current liabilities
Loan payable			-				409,956
Lease liabilities – non current			1,698,150				1,582,108
Deferred income tax liabilities			584,524				472,942
Total liabilities			8,388,398				11,356,309
Shareholders’ equity
Common shares, US$0.0256 par value, 60,625,000 ordinary shares and 625,000 preferred shares authorized, 1,496,623 and 1,462,271 ordinary shares issued and outstanding as of March 31, 2026 and September 30, 2025, respectively*			38,010				37,137
Additional paid-in capital			27,466,043				26,207,879
Accumulated Deficit			(20,217,930)				(17,387,799)
Accumulated other comprehensive loss			(36,275)				(49,545)
Total shareholders’ equity			7,249,848				8,807,672
Non-controlling interests			5,281,078				5,612,025
Total equity			12,530,926				14,419,697
Total liabilities and equity			20,919,324				25,776,006

 *All share and per share information presented herein has been retroactively adjusted to give effect to the reverse stock split effected on February 17, 2026.

 

ePICQUEST EDUCATION GROUP international LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

FOR THE SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(US$, except share data and per share data, or otherwise noted)

 

		March 31, 2026				March 31, 2025
		US$				US$
		(Unaudited)				(Unaudited)
Revenues			6,270,951				5,367,405
Costs of services			2,638,887				1,951,235
Gross profit			3,632,064				3,416,170
Operating costs and expenses:
Selling expenses			997,560				869,378
General and administrative			5,083,391				4,509,893
Total operating costs and expenses			6,080,951				5,379,271
Loss from operations			(2,448,887)				(1,963,101)
Other (income) expenses:
Other (income) expenses			606,857				(1,890,840)
Interest income			(6,248)				(2,673)
Total other (income) expenses			600,609				(1,893,513)
Loss before provision for income taxes			(3,049,496)				(69,588)
Current income tax expense			-				8,570
Deferred income tax expense			111,582				78,001
Income taxes expense			111,582				86,571
Net loss			(3,161,078)				(156,159)
Net income (loss) attributable to non-controlling interest			(330,947)				75,783
Net loss attributable to common stockholders			(2,830,131)				(231,942)
Unrealized foreign currency translation adjustment			13,270				(18,844)
Comprehensive loss			(3,147,808)				(175,003)
Basic & diluted net loss per share*			(1.92)				(0.28)
Weighted average number of ordinary shares-basic and diluted*			1,470,812				827,060

* All share and per share information presented herein has been retroactively adjusted to give effect to the reverse stock split effected on February 17, 2026.  

 

ePICQUEST EDUCATION GROUP international LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(US$, except share data and per share data, or otherwise noted)

 

		March 31,				March 31,
		2026				2025
		US$				US$
		(Unaudited)					(Unaudited)
Cash Flows from Operating Activities:
Net loss			(3,161,078)					(156,159)
Adjustments for items not affecting cash:
Depreciation and amortization			205,953					201,635
Share-based compensation			1,259,037					430,356
Net gain from disposal of fixed assets			-					(665,389)
Gain from settlement of student-deposit refunds with Renda			-					(1,200,000)
Impairment loss on football match			600,000						-
Deferred income tax expense			111,582					78,001
Changes in operating assets and liabilities
Accounts receivable and other receivable			789,499					(85,400)
Prepaid expenses			(926,627)					751,507
Operating lease – lease liabilities and right of use assets			47,421					90,190
Inventory			3,133					3,739
Accounts payable & accrued liabilities			761,967					1,238,366
Deferred revenue			(3,784,766)					(3,338,565)
Income tax receivable			-					356,862
Net cash used in operating activities			(4,093,879)					(2,294,857)
Cash Flows from Investing Activities:
Purchase of property and equipment			(16,974)					-
Proceeds from sale of fixed assets			-					1,498,000
Net cash (used in) provided from investing activities			(16,974)					1,498,000
Cash Flows from Financing Activities:
Loan repayment to third party			(350,000)					-
Net cash used in financing activities			(350,000)					-
Effect of exchange rate changes on cash and cash equivalents			13,272					(18,844)
Net decrease in cash, cash equivalents			(4,447,581)					(815,701)
Cash and cash equivalents and restricted cash, beginning of year			5,093,234					1,488,754
Cash and cash equivalents and restricted cash, end of period			645,653					673,053
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
Non-cash investing activities - modification of operating lease right-of-use asset			18,814					-
Non-cash investing activities - modification of operating lease obligation			18,814					-
Non-cash investing activities – acquisition of operating lease right-of-use assets			347,970					-
Non-cash investing activities – assumption of operating lease obligation			347,970					-

For additional information, please see Form 6-K as filed with the SEC as the accompanying notes form an integral part of these condensed financial statements.

 

Contacts: 

EpicQuest Education Group International Limited
+1 513-649-8350
This email address is being protected from spambots. You need JavaScript enabled to view it. 

 

Investor Relations:

Precept Investor Relations LLC

David Rudnick
+1 646-694-8538
This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Source: EpicQuest Education Group International Limited

The Live Webcast is Scheduled for June 11, 2026 at 9:00 am ET

TOLEDO, Ohio, June 4, 2026 /Globe Newswire/ --  EpicQuest Education Group International Limited (Nasdaq: EEIQ), (“EpicQuest Education”, “EEIQ” or the “Company”), a provider of higher education for domestic and international students in the US, Canada and the UK, announced today that it will be presenting via video webcast at the Emerging Growth Conference.

Zhenyu Wu, Chief Financial Officer, and Craig Wilson, independent Board Member, will be presenting on behalf of the Company. EpicQuest Education is scheduled to present via video webcast on Thursday, June 11, 2026 at 9:00 AM. To register for the online, live event, please click on the following link:

https://goto.webcasts.com/starthere.jsp?ei=1757504&tp_key=cc5c9b4321&sti=eei

There will be a live question and answer session following the presentation, and attendees can also submit their questions in advance to This email address is being protected from spambots. You need JavaScript enabled to view it.. If attendees are not able to join the event live on the day of the conference, an archived webcast will be made available on EmergingGrowth.com and on the Emerging Growth YouTube Channel at http://www.YouTube.com/EmergingGrowthConference.

About the Emerging Growth Conference

The Emerging Growth Conference provides public companies a robust platform to present and communicate to the investment community in a time effective manner. The Conference focus and coverage includes companies in a wide range of growth sectors, and its audience includes potentially tens of thousands of individual and institutional investors, as well as investment advisors and analysts. Conference presentations will be conducted through video webcasts and will take place in the Eastern Time Zone.

About EpicQuest Education Group International Limited

EpicQuest Education Group International Limited ("EpicQuest Education" or the "Company”) provides comprehensive education solutions for domestic and international students seeking university and University degrees in the US, Canada and the UK. The Company owns and operates Davis Academy a/k/a EduGlobal College, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training university located in Toledo, Ohio. In addition, the Company has a recruiting relationship with the Miami University Regional campuses, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University. The Company is also a recruiting agent for the University of the West of Scotland (through The Education Group (London) Ltd) and Coventry University, both of which are located in the UK. For more information, please visit www.epicquesteducation.com/.

Safe Harbor Statement

Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our most recent Form 20-F and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contacts:

EpicQuest Education Group International Limited
+1 513-649-8350
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations:

Precept Investor Relations LLC

David Rudnick
+1 646-694-8538
This email address is being protected from spambots. You need JavaScript enabled to view it.

Source: EpicQuest Education Group International Limited

TOLEDO, Ohio, May 13, 2026 /Globe Newswire/ -- EpicQuest Education Group International Limited (Nasdaq: EEIQ), (“EpicQuest Education”, “EEIQ” or the “Company”), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced a Letter to Shareholders from its Chairman and CEO.

“We are proud to be a next-generation higher educational company, delivering results-driven learning experiences to students worldwide,” stated EpicQuest Education Chairman and CEO Jianbo Zhang. “By fostering a culture of innovation and a collaborative work environment, we have adapted to an evolving education landscape shaped by online learning and the transformative power of AI.”

“For those of you who are new to our Company, we began by recruiting for the English Language Center of Miami University of Ohio, where we continue to provide comprehensive, one-stop education solutions for students interested in study-abroad programs in the US. We leveraged this experience to acquire two institutions of higher learning, Davis University in Toledo and EduGlobal College in Vancouver which is being renamed Davis Academy to strategically align with the joint initiatives of our two schools.

“These acquisitions are core to our strategic plan of internationalization which calls for expanding our educational services across the globe. As a result, we now collaborate with renowned universities in Asia, Europe, the Middle East and the Americas, advancing our mission to export our academic programs worldwide.

“Our innovative approach of building global pathways to higher education both diversifies our current revenue stream and creates a powerful enrollment pipeline. For example, students can complete a two-year foundational program and then apply their course credits toward a four-year bachelor’s degree at our Davis University or transfer pathways to top universities with whom we have articulation agreements. We are especially pleased that Davis University has achieved its first year of profitability, a major milestone in our journey toward long-term growth and sustainability.

“We have come a long way since our IPO in March of 2021. We are energized by the growth opportunities ahead and are confident in our ability to execute upon our internationalization strategy. We believe that the strength of our value proposition will gain increasing recognition in the public markets as we are uniquely positioned in the higher education market to create value and deliver strong returns for both our students and our shareholders.”

EpicQuest Education’s Strategic Achievements

The Company’s Collaborations. EpicQuest Education has entered into a large number of strategic collaborations that export our academic programming globally. This has resulted in the generation of high margin revenue as we expand into high growth markets. This initiative also plays an important role in supporting students to pursue meaningful and well‑paying careers, a central tenet of our mission. Examples of our recent initiatives include:

• A Memorandum of Understanding (MOU) with MSM Unify to recruit and offer Davis University’s Master of Science in Management Program in an online format.
• An MOU with Veritas Global Uni (Pvt) Ltd. to recruit and offer Davis University’s online Masters of Science in Management Program and its Graduate Foundational Program in China, Hong Kong, Singapore, the Middle East and Southeast Asia.
• Agreements with four Canadian high school for their students to enter into a university pathway program by taking Davis Universtity’s online Bachelor of Science in Business courses.

Davis University’s Global Programs. Davis University’s foundational program students operate in elite universities around the world. Its foundational programs currently have 220 students enrolled for the 2025-2026 academic year, a 115% increase year-over-year. Davis University’s two-year foundational programs secure sustainable revenue since the retention of students from the first to the second year is close to 100%. In addition to this representing a unique revenue for the Company, the foundational programs also create a pool of students to potentially attend our owned and operated schools.

Master’s Certificate Program. Starting the 2025-2026 academic year, Davis University and Davis Academy began working together to offer a Master’s Certificate Program which helps students prepare for Master’s degree programs at top universities in the US and Canada. This program has been well received by the international markets, and it contributes a new revenue stream to the Company.

International Student Enrollment. The Company’s collaborations and foundational programs lead to greater international enrollment. For the first academic quarter of 2025-2026 academic year, Davis University’s international student enrollment was 407 students, an 85% increase year-over-year. Further, this represents a 299% increase in international student enrollment as compared to 2023 enrollment levels.

Our Vision for the Future

The Higher Education Sector. There are many challenges currently facing higher education in the US. The decline in undergraduate enrollment, exacerbated by economic challenges and falling college-age demographics, portend a continued difficult period ahead. Further, tuition and living costs are high, and rising student debt and the economic value of a college education have come into question.

In contrast, the current climate for higher education in some other regions around the world remain highly positive. There is more focus on expanding access to fuel GDP growth and to create innovation by building an educated workforce to create new jobs. Further, in developing countries there are favorable demographics, plans to train and supply skilled workers to align with global value chains, and a conviction that higher education reduces poverty while increasing earnings.

An Increase in the Exporting of Our Educational Programming into Home Countries. The Company’s innovative approach to export its foundational and degree programs to students’ home countries capitalizes upon regional and country demand for higher education in certain regions and countries. We are in dialogue with numerous potential collaborators that would help recruit and administer our higher education programs that leverage our infrastructure to realize substantial revenue at marginal cost to the Company.

Adoption of AI. We see immediate benefits to integrating AI into a wide spectrum of our business activities and believe that AI will revolutionize the way that institutions of higher learning function. We believe that future AI platforms will increase in sophistication and become increasingly collaborative for both students and teachers. EpicQuest Education plans to be a leader in the adoption of AI in the education sector; among many of the activities that it would potentially improve are:

• The streamlining of business operations including core business functions like budgeting, finance and accounting, marketing and sales, human resources, and day-to-day administrative activities

• The use of targeting algorithms to bolster recruiting, enrollment and admissions

• Improved student success via AI-powered tutoring and learning platforms to provide adaptive learning, real-time feedback and 24/7 availability

• Targeted learning feedback using a blended model of both AI and traditional tutors with human connection and mentorship

• AI analytics on student performance and course effectiveness, which can enable early intervention to improve graduation rates.

Branch Campuses. We plan upon developing branch campuses for Davis University in different cities in the US and abroad. These campuses will offer select academic programs, maintain its academic standards and will award the University’s degrees. We believe that this will increase our overall enrollment while reaching underserved areas with our unique approach to providing a broad spectrum of career-oriented courses and options for students. Further, we anticipate increased visibility and partnerships that will benefit communities and students alike.

Certificate Training Programs. We plan upon expanding our Professional Career Training courses and Associate Degree programs to prioritize career placement to align with today’s job market. We will further enhance our blended career options, online programs, externships and flexible schedules to customize specific educational options for each student for a high return on investment.

EpicQuest Education’s Business Model

Our business model centers around an internationalization strategy that involves a broad spectrum of higher education activities resulting in a diversified revenue stream:

• International Students Studying in North America: Students from foreign countries that are enrolled in Davis University in Toledo and Davis Academy in Vancouver.

• International Students Studying in their Home Countries: Students enrolled in the Company’s foundational programs that enable students to acquire the skills needed for admission into Davis University’s degree programs, and which has resulted in a dynamic inflow of international students onto its residential campus.

• Domestic Students: Students enrolled in career training and academic programs at Davis University and Davis Academy designed to secure good, well-paying jobs.

• Student Services: Residential and other fees from on-campus student attendance at the Company’s owned and operated schools in both the US and Canada.

About Davis University

Davis University (“Davis”) was founded in 1858 and is a private career-training University located in Toledo, Ohio. Davis offers a specialized professional career training curriculum in numerous fields, and its mission is to provide marketable skills that enhance the employability of its graduates. Davis offers coursework flexibility to ensure program success as well as externship opportunities that provide its student population with real-world skill sets prior to graduation. In addition to offering numerous associates degrees, and a bachelor’s degree in business, Davis has agreements with several four-year US universities for ‘transfer pathways’ that pave the way for its associate degree students to gain admission with the ability to transfer earned course credits. It also has articulation agreements with several international schools for the transfer of credits to attend Davis. Davis is accredited by The Higher Learning Commission and the Ohio State Board of Career Colleges and Schools with programs authorized by the Ohio Board of Higher Education. For more information, please visit www.davisuniversity.edu/.

About Davis Academy, a/k/a EduGlobal College

Davis Academy is the transitioning operating name for EduGobal College in order to strategically align with joint initiatives with its sister school, Davis University. Davis Academy is a private college located in the Metro Vancouver area, British Columbia, that provides English language programs for international students who are seeking academic and career advancement and specializes in English for Academic Purposes (EAP) programs; these programs focus on helping international students acquire the advanced competencies in academic English necessary for them to complete their degree programs. In tandem with its EAP program, Davis Academy offers first-year university courses and a Master’s Academic Preparation Program to help prepare international students who have completed a bachelor’s degree and aspire to pursue graduate studies at a Canadian university. Davis Academy also offers students an innovative model for bridging the gap between private and public sector post-secondary education in Canada through its pathway programs. The school's legal entity is DavisU Canada Inc., and all regulatory approvals remain intact. EduGlobal College is approved by The Private Training Institutions Branch (PTIB) of the Ministry of Advanced Education and Skills Training in the Province of British Columbia. The name change transition aligns the Vancouver school more closely with its sister institution, Davis University, and during this period, both names may appear on student documents and website communications. For more information, please visit https://davisacademy.ca/.

About EpicQuest Education Group International Limited

EpicQuest Education Group International Limited ("EpicQuest Education" or the "Company”) provides comprehensive education solutions for domestic and international students seeking university and University degrees in the US, Canada and the UK. The Company owns and operates Davis Academy a/k/a EduGlobal College, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training university located in Toledo, Ohio. In addition, the Company has a recruiting relationship with the Miami University Regional campuses, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University. The Company is also a recruiting agent for the University of the West of Scotland (through The Education Group (London) Ltd) and Coventry University, both of which are located in the UK. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC (“Gilmore”), in Ohio, that will offer international educational programs related to kinesiology and recreation education. The Company also established a Company in Ohio, SouthGilmore LLC that has been formed to organize sports-related entertainment projects, which is 40% owned by Gilmore. For more information, please visit www.epicquesteducation.com/. 

Safe Harbor Statement

Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this release include, without limitation, the Company's plans to develop branch campuses for Davis University domestically and internationally, the anticipated benefits of AI adoption across the Company's business and academic operations, the expected growth in international student enrollment, the expansion of certificate and career training programs, and the ability of Davis University to be successful in working with its collaborators, including MSM Unify and Veritas Global Uni, to achieve the goals set forth in the respective MOUs and to achieve expected enrollment and revenue growth.  Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our most recent Form 20-F and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

 

Contacts:

EpicQuest Education Group International Limited
+1 513-649-8350
This email address is being protected from spambots. You need JavaScript enabled to view it. 

Investor Relations:

Precept Investor Relations LLC

David Rudnick           
+1 646-694-8538
This email address is being protected from spambots. You need JavaScript enabled to view it.

Source: EpicQuest Education Group International Limited

TOLEDO, Ohio--(Newsfile Corp. - May 11, 2026) - EpicQuest Education Group International Limited (Nasdaq: EEIQ), (“EpicQuest Education”, “EEIQ” or the “Company”), a provider of higher education for domestic and international students in the US, Canada and the UK, announced today that it will be participating in the 16th Annual LD Micro Invitational at the Luxe Sunset Boulevard Hotel in Los Angeles, CA, May 18th and 19th, 2026.

EpicQuest Education is scheduled to present on Monday, May 18, 2026 at 1:00 PM. Zhenyu Wu, Chief Financial Officer, will be presenting on behalf of the company.

Event: LD Micro Invitational XVI
Date: Monday, May 18, 2026
Time: 1:00 PM PDT
WEBCAST LINK

Summary of LD Micro Invitational XVI

The 2026 LD Micro Invitational XVI will take place May 18th and 19th, 2026 at the Luxe Hotel Sunset Boulevard Hotel in Los Angeles.

• The 2026 LD Micro Invitational XVI will take place May 18th and 19th, 2026 at the Luxe Hotel Sunset Boulevard Hotel in Los Angeles.
• Registration will begin at 5:30 PM PT on May 17th in conjunction with a welcome reception.
• Presentations will take place from 9:00 AM PT - 5:00 PM PT on the 18th, followed by panels and keynote speakers.
• Presentations will take place from 9:00 AM PT - 5:00 PM PT on the 19th, followed by the LD Micro Moneyball Afterparty.

This two-day event will feature micro and small-cap companies across all sectors, presenting in half-hour increments, and attending private meetings with investors. To register, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it..

 

About LD Micro

LD Micro, a wholly owned subsidiary of Freedom US Markets, was founded in 2006 with the sole purpose of being an independent resource in the micro-cap space. Through its dynamic, investor-driven conferences and curated company exposure, LD has served as an invaluable asset to all those interested in discovering the next generation of great companies. For more information on LD Micro, visit www.ldmicro.com.

About EpicQuest Education Group International Limited

EpicQuest Education Group International Limited ("EpicQuest Education" or the "Company”) provides comprehensive education solutions for domestic and international students seeking university and University degrees in the US, Canada and the UK. The Company owns and operates Davis Academy a/k/a EduGlobal College, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training university located in Toledo, Ohio. In addition, the Company has a recruiting relationship with the Miami University Regional campuses, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University. The Company is also a recruiting agent for the University of the West of Scotland (through The Education Group (London) Ltd) and Coventry University, both of which are located in the UK. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC (“Gilmore”), in Ohio, that will offer international educational programs related to kinesiology and recreation education. The Company also established a Company in Ohio, SouthGilmore LLC that has been formed to organize sports-related entertainment projects, which is 40% owned by Gilmore. For more information, please visit www.epicquesteducation.com/.

Safe Harbor Statement

Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our most recent Form 20-F and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contacts:

EpicQuest Education Group International Limited
+1 513-649-8350
This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Investor Relations:

Precept Investor Relations LLC

David Rudnick
+1 646-694-8538
This email address is being protected from spambots. You need JavaScript enabled to view it.

Source: EpicQuest Education Group International Limited