• EEIQ Records 10% Year-over-Year Revenue Growth in a Challenging Market Environment
• Flagship Institution Davis University Achieves its First Year of Profitability

TOLEDO, Ohio, January 28, 2026 /GLOBE NEWSWIRE/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), (“EpicQuest Education”, “EEIQ” or the “Company”), a provider of comprehensive education solutions for domestic and international students seeking college and university degrees in the US, Canada and the UK, today announced its financial results for the twelve months ended September 30, 2025 and an operations update.

“We are pleased to report a year-over-year revenue increase of 10% for the 2025 fiscal year driven by the continued success of our two higher education institutions and the innovative foundational programs that we deliver with elite universities worldwide,” stated EpicQuest Education CEO Jianbo Zhang. “We are especially proud to announce that our flagship institution, Davis University, achieved its first year of profitability, a major milestone in our journey towards long-term growth and sustainability. This achievement underscores the strength of our dual strategy, providing career-focused programs aligned with today’s evolving job market and forging broad-based international collaborations and partnerships.”

“While many U.S. institutions face declining international enrollment, our innovative approach of building foundational and collaborative programs in students’ home countries has fueled solid growth. By developing foundational and joint programs within students’ home countries, we are able to provide our academic programming and pathways to higher education around the globe. This strategic approach not only diversifies revenue streams but also builds a robust enrollment pipeline for both Davis University and EduGlobal College.

“In recent news, we were honored with the CES Speed Award for Global Branding for excellence in global brand acceleration at CES 2026, the world’s largest global technology event held in Las Vegas. This achievement underscores the success of our internationalization efforts and our team’s unwavering dedication to our global expansion strategy. In addition, we are developing an AI-powered platform designed to enhance student engagement and tutoring through a unique integration of human interaction. We believe our personalized learning experiences offer exceptional value for students while driving sustainable long-term returns for our shareholders,” concluded CEO Jianbo Zhang.

Fiscal Year 2025 Financial Results Ended September 30, 2025

Revenues were $8.95 million for the fiscal year 2025 compared to $8.15 million for fiscal 2024, an increase of $0.79 million or 9.7%. The increase in revenue was mainly due to an increase in international student enrollment at Davis University as well as the Company’s new international foundational and collaborative programs that are offered by Davis University and EduGlobal College.

Gross profit was $5.93 million for the fiscal year 2025 compared to $5.31 million for fiscal 2024, an increase of $0.62 million or 11.7%. The increase was primarily due to the net effect of improved cost management that included cost synergies across our operations.

Operating Costs and Expenses were $10.11 million for the fiscal year 2025 compared to $12.74 million for fiscal 2024, a decrease of $2.63 million or 20.6%. The decrease was primarily due to the 22.0% decrease in general and administrative expenses to $8.74 million from $11.20 million in fiscal 2024 due to lower management fees charged by the Company’s business partners and reduced stock-based compensation expenses. 

Operating loss was $4.18 million for the fiscal year 2025 compared to an operating loss of $7.43 million for fiscal 2024, a decrease of $3.25 million or 43.7%. The decrease in operating loss was due to  higher revenues as well as lower operating costs and expenses in fiscal 2025 as compared to fiscal 2024.

Other income was $1.66 million for the fiscal year 2025 as compared to other income of $0.52 million for fiscal 2024, an increase of $1.14 million, or 219.2%. The increase in other income was due to a $1.2 million gain on the settlement of an accounts payable, and a $0.5 million gain from the sale of a property on the Middletown campus of Miami University. 

Net loss was $2.53 million for the fiscal year 2025 compared to a net loss of $6.57 million for fiscal 2024, a decrease of $4.04 million, or 61.5%, due to the factors discussed above.

Net Loss Per Basic and Diluted Share for the fiscal year 2025 was $0.16 compared to a net loss of $0.47 per basic and diluted share for fiscal 2024. The weighted average number of shares used in the computation of basic and diluted earnings per share for the fiscal year 2025 was 15,486,467 shares compared to 12,637,968 shares for basic and diluted earnings per share for fiscal 2024.

Financial Condition

As of September 30, 2025, the Company had $4.75 million in cash and cash equivalents, an increase of $3.60 million or 313.0% as compared to $1.15 million as of September 30, 2024. As of September 30, 2025, working capital was $7.41 million (current assets minus current liabilities) and the current ratio (current assets divided by current liabilities) was 1.83x, as compared to working capital of $2.03 million and a current ratio of 1.21x as of September 30, 2024. Shareholders’ equity as of September 30, 2025 was $8.81 million, an increase of $3.64 million or 70.4% as compared to shareholders’ equity of $5.17 million as of September 30, 2024. 

Liquidity and Capital Resources

Net cash used in operating activities for the twelve months ended September 30, 2025 was $2.95 million as compared to net cash used in operating activities of $9.48 million for the twelve months ended September 30, 2024. This decrease was primarily due to the changes in net income and other working capital balances. Changes in these balances are included in the changes in assets and liabilities presented in the consolidated statement of cash flows.  

Net cash provided from investing activities was $1.46 million for the twelve months ended September 30, 2025 as compared to net cash provided from investing activities of $0.72 million for the twelve months ended September 30, 2024. 

Net cash provided from financing activities was $5.11 million for the twelve months ended September 30, 2025 as compared to $4.95 provided from financing activities for the twelve months ended September 30, 2024. For the twelve months ended September 30, 2025, $5.11 million was raised through an equity financing.

EpicQuest Education – Operations Update

Our operations provide a diversified revenue stream that includes tuition and student service fees from our owned and operated colleges, Davis University and EduGlobal College, fees from our foundational programs located abroad, and revenue from our recruiting relationships with prominent universities. For fiscal 2025, approximately 25.0% of the Company’s revenue was attributable to the English Language Center at the Regional Campuses of Miami University, 4.0% of its revenue was attributable to the foreign language and college-level education offered by EduGlobal College, and 71.0% of its revenue was attributable to the academic coursework and professional training programs offered by Davis University.

We also provide academic pathways through articulation agreements with universities to provide additional options for our students. We believe we have a positive and effective business model where students can individualize their academic journeys which provides students with a solid return on their educational investment. 

Domestic Programs

Davis University (“Davis”) provides academic coursework and practical educational programs that meaningfully connects to students who see our programs as an effective way to reach their career goals. Davis University offers Certificate programs and Associate degrees in an array of career training disciplines, a Bachelor of Science in Business program, and we have been approved by the State of Ohio and the Higher Learning Commission to offer a Master of Science in Management degree program. 

As of September 30, 2025, Davis recorded an 85.0% increase in its international student enrollment in the first academic quarter of 2025 as compared to the same academic quarter in 2024. Davis enrolled 407 international students for the first academic quarter of 2025 compared with 220 international students that were enrolled in this same academic quarter in 2024. Further, this represents a 299% increase as compared to 102 international students who were enrolled at Davis in this same academic quarter in 2023. The substantial increase in international enrollment for the first academic quarter of 2025 includes 260 international students through agreements with Chongqing Technology and Business Institute, Guangdong Communications Polytechnic, and Shijiazhuang College of Applied Technology, as well as 147 international students through the Company’s foundational programs. 

EduGlobal College recruiting has been enhanced by its cooperative diploma programs. The co-op programs, which began for the Fall semester in September 2025, entail students alternating between attending academic semesters with working at paid, full-time jobs. We believe that this will enhance our domestic recruiting efforts since the co-op programs provide students with a great hybrid approach which helps students secure job offers upon graduation. 

Miami University English Language Center at the Miami Regional Campuses enrollment is expected to rise. The English Language Program at Miami University Regionals offers international students the opportunity to enroll in an elite U.S. university with world-class facilities and an outstanding academic faculty. We have a recruitment relationship with the Miami University Regionals that began in 2013 where we offer ‘one stop’ services that include student housing, dining, transportation and supervision services among other services. The English Language Program continues to be a popular option for international students as it offers a pathway for both a Bachelor’s degree and advanced university degrees. As of September 30, 2025, 55 students were enrolled in the program and as of January 20, 2026, 3 students have been confirmed to join the program.

International Foundational and Collaborative Programs:

Davis University’s foundational programs have 220 students enrolled for the 2025-2026 academic year as compared to 102 students for the 2024-2025 academic year.  We believe that Davis’ two-year foundational programs secures sustainable revenue because the retention rate of students from the first to the second year is usually close to 100%. In addition to this representing a unique revenue stream for the Company, the foundational programs also create a pool of students to attend our owned and operated schools.

Davis’ foundational program students are enrolled in elite universities. The foundational programs are currently offered on the main campuses of Peking University, Shanghai Jiao Tong University, the Beijing Institute of Technology, and the Shenzhen campus of the Chinese University of Hong Kong, all preeminent universities in China. The Company typically places its own instructors in these programs and collaborates on designing the academic programs for students.  

In December 2025, Davis entered into a non-binding Memorandum of Understanding with The Lyceum Campus located in Sri Lanka to offer Davis’ Masters of Science in Management Program. The arrangement opens doors to a key South Asia market that empowers students to earn Davis University degrees in their home country with greater affordability and flexibility, and marks a major milestone for Davis, opening up a new avenue for international expansion and fostering deeper academic exchange. 

In May 2025, Davis entered into an Agency Agreement with MSM Unify, a leading international student recruiter. The agreement is intended to augment our international students from China and India with new students from Africa and the Middle East. We believe that this is a cost-effective strategy since MSM Unify has both the infrastructure and know-how to reach students and families in these high growth regions. 

Davis’ agreement with The Center of Advanced Studies could lead to a substantial increase in international student enrollment. Its agreement with The Center of Advanced Studies, based in Tokyo, Japan, establishes a pathway for international students from five Southeast Asian and South American colleges and universities to complete associate and bachelor’s degrees in business at Davis University through the transfer of credits, which could start as soon as the Spring 2026 semester. It will also provide Davis with the opportunity to further expand its foundational programs which could create a sizeable international student recruiting pool.

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 and EduGlobal College, 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 prior to their attendance at our two institutions of higher learning. In addition, a vital component of EpicQuest Education’s strategic growth plan is to become increasingly involved with international collaborations in order to leverage our distinct academic programming and unique culture of learning. The Company’s mission is to achieve international expansion and establish EpicQuest Education 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 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. EpicQuest Education has also established a wholly owned subsidiary, Gilmore Inv LLC, 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, without limitation, statements regarding the Company’s future business plans, anticipated partnerships, expansion of educational programs, and expected outcomes of its activities. 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
CONSOLIDATED BALANCE SHEETS
AS OF SEPTEMBER 30, 2025 and 2024
(US$, except share data and per share data, or otherwise noted)

		September 30, 2025				September 30, 2024
		US$				US$
Assets
Current Assets
Cash and cash equivalents			4,754,522				1,150,042
Restricted cash			338,712				338,712
Accounts receivable, net			492,897				85,279
Other receivable			2,131,402				576,215
Prepaid expenses			590,443				1,202,991
Other prepaid for events			7,500,023				-
Inventory			46,381				48,470
Income tax receivable			450,000				889,766
Total current assets			16,304,380				4,291,475
Non-current assets
Property and equipment, net			433,677				1,597,823
Long-term prepaids			-				7,500,023
Intangible assets			4,243,423				4,464,226
Right-of-use assets			2,141,754				2,785,008
Goodwill			2,652,772				2,652,772
Total assets			25,776,006				23,291,327
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Current liabilities
Accounts payable and other liabilities			1,952,161				3,233,471
Loan payable			-				409,956
Income tax payable			4,074				4,294
Due to related party			140,000				140,000
Lease liabilities – current			752,429				641,254
Deferred revenue			6,042,639				5,332,194
Total current liabilities			8,891,303				9,761,169
Non-current liabilities
Loan payable			409,956				-
Lease liabilities – non current			1,582,108				2,181,769
Deferred income tax liabilities			472,942				470,468
Total liabilities			11,356,309				12,413,406
Commitments and contingencies
Shareholders’ equity
Common shares, US$0.0015873 par value, 970,000,000 ordinary shares and 10,000,000 preferred shares authorized, 23,396,667 and 13,113,173 ordinary shares issued and outstanding as of September 30, 2025 and 2024, respectively			37,137				20,814
Additional paid-in capital			26,207,879				20,142,071
Deficit			(17,387,799)				(14,958,678)
Accumulated other comprehensive loss			(49,545)				(35,803)
Total shareholders’ equity			8,807,672				5,168,404
Non-controlling interests			5,612,025				5,709,517
Total liabilities and shareholders’ equity			25,776,006				23,291,327

 

EPICQUEST EDUCATION GROUP INTERNATIONAL LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE YEARS ENDED SEPTEMBER 30, 2025, 2024 AND 2023
(US$, except share data and per share data, or otherwise noted) 

		September 30, 2025				September 30, 2024				September 30, 2023
		US$				US$				US$
Revenues			8,939,989				8,153,546				5,712,480
Costs of services			3,014,119				2,840,112				1,502,255
Gross profit			5,925,870				5,313,434				4,210,225
Operating costs and expenses:
Selling expenses			1,366,760				1,537,006				1,018,894
General and administrative			8,739,049				11,201,445				10,210,960
Total operating costs and expenses			10,105,809				12,738,451				11,229,854
Loss from operations			(4,179,939)				(7,425,017)				(7,019,629)
Other (income) expenses:
Other income			(1,619,373)				(495,276)				(186,137)
Interest income			(37,337)				(22,731)				(53,089)
Foreign exchange gain			-				-				(5)
Total other (income) expenses			(1,656,710)				(518,007)				(239,231)
Loss before provision for income taxes			(2,523,229)				(6,907,010)				(6,780,398)
Current income tax expense			910				18,186				11,590
Deferred income tax expense (recovery)			2,474				(354,012)				(277,874)
Income taxes expense (recovery)			3,384				(335,826)				289,464)
Net loss			(2,526,613)				(6,571,184)				(7,069,862)
Net loss attributable to non-controlling interest			(97,492)				(581,061)				(410,421)
Net loss attributable to common stockholders			(2,429,121)				(5,990,123)				(6,659,441)
Unrealized foreign currency translation adjustment			(13,742)				481				(7,345)
Comprehensive loss			(2,540,355)				(6,570,703)				(7,077,207)
Basic & diluted net loss per share			(0.16)				(0.47)				(0.57)
Weighted average number of ordinary shares-basic and diluted			15,486,467				12,637,968				11,655,642

 

EPICQUEST EDUCATION GROUP INTERNATIONAL LIMITED
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED SEPTEMBER 30, 2025, 2024 AND 2023 
(US$, except share data and per share data, or otherwise noted)

		September 30,				September 30,				September 30,
		2025				2024				2023
		US$				US$				US$
Cash Flows from Operating Activities:
Net loss			(2,526,613)				(6,571,184)				(7,069,862)
Adjustments for items not affecting cash:
Depreciation and amortization			409,899				425,763				407,013
Share-based compensation			972,879				1,977,187				2,061,810
Provision for accounts receivable			67,519				-				-
Net gain from disposal of fixed assets			(480,235)				(477,115)				-
Impairment of goodwill			-				-				14,038
Gain from settlement of student deposit refunds with Renda			(1,200,000)				-				-
Deferred income tax expense			2,474				(354,012)				277,874
Changes in operating assets and liabilities
Accounts receivable and other receivable			(2,030,324)				(414,866)				217,407
Prepaid expenses			612,548				1,020,250				(1,323,593)
Long-term prepaids			-				(7,500,023)				-
Operating lease – lease liabilities and right of use assets			154,768				25,064				(45,022)
Inventory			2,089				(7,285)				(21,170)
Accounts payable & accrued liabilities			(81,311)				1,112,423				(212,817)
Deferred revenue			710,445				1,274,677				233,493)
Income tax receivable			439,547				7,399				254,342
Student deposits			-				-				(46,040)
Net cash used in operating activities			(2,946,315)				(9,481,722)				(5,252,527)
Cash Flows from Investing Activities:
Purchase of property and equipment			(292,842)				(40,343)				(14,231)
Share buyback			-				-				(1,250,007)
Acquisition of additional interest in subsidiary			-				-				(187,505)
Net cash acquired from business acquisitions			-				-				574,108
Proceeds from sale of fixed assets			1,748,128				757,115				-
Net cash provided from (used in) investing activities			1,455,286				716,772				(877,635)
Cash Flows from Financing Activities:
Long term investment received for Gilmore			-				3,737,727				-
Share issuances, net of issuance costs			5,109,250				800,000				-
Proceeds borrowed from third party			-				409,956				-
Net cash provided from financing activities			5,109,250				4,947,683				-
Effect of exchange rate changes on cash and cash equivalents			(13,741)				470				(7,346)
Net increase/(decrease) in cash, cash equivalents			3,604,480				(3,816,797)				(6,137,508)
Cash and cash equivalents and restricted cash, beginning of year			1,488,754				5,305,551				11,443,059
Cash and cash equivalents and restricted cash, end of year			5,093,234				1,488,754				5,305,551
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
Interest paid
Income taxes paid			1,130				10,787				10,575
Non-cash investing activities – acquisition of operating lease right-of-used assets			120,773				2,267,597				561,247
Non-cash investing activities – assumption of operating lease obligation			120,759				2,238,099				572,564

The accompanying notes as filed in the Company’s 20-F for fiscal 2025 form an integral part of these consolidated 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 Award Recognizes the Company’s Internationalization Strategy that Exports its Academic Programs
and Pioneers Initiatives that Integrate AI into Higher Education 

TOLEDO, Ohio, January 9, 2026 /PRNewswire/ -- EpicQuest Education Group International Limited (Nasdaq: EEIQ), (“EpicQuest Education,” or the “Company”), a provider of higher education for domestic and international students in the US, Canada and the UK,  today announced that it has been awarded the CES Speed Award for Global Branding at CES 2026, the world’s largest global technology event held in Las Vegas. The award is a signature initiative presented by Attencity Marketing and SMG, CES’s exclusive China media partner.

“We are very pleased to receive the CES Speed Award that recognizes excellence in global brand acceleration for emerging international companies. The award is testament to our success in advancing our internationalization strategy by establishing a hybrid ‘global campus’ that enables students to seamlessly take courses offered by educational institutions the Company owns and operates, both online and in-person within their home countries,” said Zhenyu Wu, EpicQuest Education’s CFO. 

“Concurrently, we are developing an AI platform focused on student engagement and tutoring that uniquely integrates human interaction to ensure personalized support. These innovations serve as foundational steps toward EpicQuest’s ultimate objective: the creation of a comprehensive AI-based university,” he continued.

“Our innovative approach of building foundational and collaborative programs in student home countries has fueled strong company growth. This approach has empowered access to students around the world to our distinctive academic offerings and strengthened their pathways to higher education in the United States, Canada, and other regions. In turn, this allows us to diversify our revenue streams and build a robust enrollment pipeline for both Davis University and EduGlobal College,” Dr. Wu concluded.

EpicQuest Education’s Strategy of Internationalization

EpicQuest Education believes that its collaborative programs for Davis University and EduGlobal College, its two owned and operated institutions of higher learning, are a key element of its internationalization strategy to expand its student enrollment and academic programming. The Company’s strategy provides enhanced globalized learning and enriched multicultural experiences that can help students reach their full potential and better prepare them for careers in the global economy. Further, EpicQuest Education’s strategic growth plan has increased its international student enrollment in recent periods which can lead to strong and sustainable financial results.

About CES (a/k/a Consumer Electronics Show)

CES is an annual trade show organized by the Consumer Technology Association that is held in January at the Las Vegas Convention Center in Winchester, Nevada. The event typically hosts presentations of new products and technologies in the consumer electronics industry. CES is the world’s largest gathering for consumer technology and CES 2026 is expected to record attendance of over 140,000 people. For more information, please visit https://www.ces.tech/.

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 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. 

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. 

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

###

Davis University’s First Graduate Program to be Offered Internationally
with Potential to Generate Revenue of At Least $2 Million Over the Next Four Years

TOLEDO, Ohio, January 5, 2026 /PRNewswire/ -- 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 that Davis University (“Davis”) recently entered into non-binding Memorandum of Understanding (“MOU”) with The Lyceum Campus Private Limited  (“Lyceum”) located in Sri Lanka to offer Davis’ Masters of Science in Management Program. The MOU was signed on December 12, 2025, which will be in effect for four years, and it is renewable thereafter. 

“The global launch of Davis University’s Masters of Science program reflects our commitment to a truly global vision of education, and it is a central pillar of our internationalization strategy,” said Diane Brunner, President of Davis University. “By extending our academic footprint across continents, we are not only expanding access to world-class education but also strengthening our diverse global revenue base. Our relationship with Lyceum Campus opens doors to a key South Asia market that empowers students to earn Davis University degrees in their home country with greater affordability and flexibility. This MOU marks a major milestone for Davis, opening up a new avenue for international expansion and fostering deeper academic exchange.”

The MOU between Davis and Lyceum launches a strategic academic relationship to bring Davis’ Masters of Science in Management (MSM) program to students in Sri Lanka, expanding high-quality graduate management education in the region through online teaching. All MSM courses are fully accredited Davis courses, and Davis will remain the sole academic provider and degree-granting institution for the MSM program. Lyceum has agreed to reasonably strive to achieve a minimum annual number of 150 students in Year 1 (May 2026 – February 2027 intakes), to increase by 100 students each year, so that Year 4 (May 2029 – February 2030 intakes) constitutes 450 students. Upon agreement with Davis, Lyceum may provide services for offering additional Davis academic programs. 

About Lyceum Campus of Sri Lanka

Lyceum Campus of Sri Lanka (“Lyceum Campus”), located in a main suburb of Sri Lanka, provides students with state-of-the-art facilities with academic learning that meets international standards and where students can thrive for excellence by experiencing international education in a fully-fledged campus close to home. Its curriculum encompasses foundation programs in business, science, information technology and engineering, and Lyceum Campus also offers coursework and degrees in education and business studies. For more information, please visit https://lyceumcampus.lk/.

EpicQuest Education’s Strategy of Internationalization

EpicQuest Education believes that its collaborative programs for Davis University and EduGlobal College, its two owned and operated institutions of higher learning, are a key element of its internationalization strategy to expand its student enrollment and academic programming. The Company’s strategy provides enhanced globalized learning and enriched multicultural experiences that can help students reach their full potential and better prepare them for careers in the global economy. Further, EpicQuest Education’s strategic growth plan has increased its international student enrollment in recent periods which can lead to strong and sustainable financial results.

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 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 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 ability of Davis University to be successful in working with Lyceum Campus to achieve the goals as stated in the MOU, to enter into final agreements related to such goals, and to achieve the expected enrollment and estimated revenue over the next four years. 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.

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 press release include, without limitation, the Company’s estimates on the increase in student enrollment from the Agreement. 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

Davis University’s Global Academic Programs are Central to its Mission of
Internationalization and Results in Diversified Revenue Growth

TOLEDO, Ohio, October 29, 2025 /PRNewswire/ -- 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 that Davis University (“Davis”) recently entered into an amended Transfer Articulation Agreement (the “Agreement”) with The Center of Advanced Studies (“CAS”), that operates international study programs. The amended Agreement, which is contingent on Davis receiving accreditation to provide an Associate of Arts degree, establishes a pathway for international students to earn Bachelor of Science in Business and Associate degrees at EEIQ’s Davis University. Under the Agreement, students may transfer academic credits earned at SISINTEL, S.A., an educational institutional in Guayaquil and Cuenca, Ecuador, which partners with CAS’ International Studies Program. 

“Davis University’s programs around the world are a vital component of our internationalization strategy as it extends our academic reach and diversifies our growing revenue stream on a global basis,” commented Diane Brunner, President of Davis University. “The agreement with CAS enables us to place our programs in a key South American market which facilitates students being able to access our programs in their home country and achieve academic degrees in a cost-effective manner. This agreement represents another step forward in connecting global learners and fostering international collaboration in higher education.” 

The updated Agreement between Davis and CAS establishes a transfer pathway for students to enter into Davis programs held at the CAS’ International Studies Program at the SISINTEL, S.A. Advanced University Program International Institute located in Cuenca and Guayaquil, Ecuador. Additional CAS international studies program sites that may be added at a later time as per the Agreement include Nawaloka College of Higher Studies, in Colombo, Sri Lanka; The American University of Yangon, Yangon, Myanmar; and, Kanda Institute of Foreign Languages, in Tokyo, Japan. 

EpicQuest Education’s Strategy of Internationalization

EpicQuest Education believes that its collaborative programs for Davis University and EduGlobal College, its two owned and operated institutions of higher learning, are a key element of its internationalization strategy to expand its student enrollment and academic programming. The Company’s strategy provides enhanced globalized learning and enriched multicultural experiences that can help students reach their full potential and better prepare them for careers in the global economy. Further, EpicQuest Education’s strategic growth plan has increased its international student enrollment in recent periods which can lead to strong and sustainable financial results.

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 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 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 ability of Davis to receive accreditation for delivery of an Associate of Arts in Liberal Arts and Sciences degree and the ability of the Company to place students in its academic programs abroad. 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. 

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 press release include, without limitation, the Company’s estimates on the increase in student enrollment from the Agreement. 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