Ipsos Reports Second Quarter 2025 Financial Results

Ipsos has released its semi-annual financial report for the period ending June 30, 2025. The report is available on the company's website and has been filed with the AMF. The report provides financial information and analysis for the first half of the year.

EpicQuest Education Group International Limited (NASDAQ: EEIQ) has announced its first-half financial results for the six months ended March 31, 2025, revealing a robust 29% increase in revenue compared to the same period last year. The company's revenue for the first half of fiscal 2025 was $5.37 million, up from $4.16 million in the first half of fiscal 2024. This growth was driven by the expansion of international foundational and collaborative programs offered abroad, which enable students to begin their studies in their home countries to prepare for future study overseas [1].

The gross profit for the first half of fiscal 2025 was $3.42 million, representing a 42.5% increase from $2.40 million in the same period of 2024. This improvement was primarily due to the 29.1% increase in revenue and a 10.8% increase in costs of services. As a result, EpicQuest Education's gross margin increased to 63.7% from 57.7% in the prior year [1].

Operating expenses for the first half of fiscal 2025 were $5.38 million, down from $6.55 million in the same period of 2024, representing a 17.9% decrease. This reduction was primarily due to a 22.9% decrease in general and administrative expenses, which were offset by a 24.9% increase in selling expenses. The company's operating loss for the first half of fiscal 2025 was $1.96 million, a significant improvement of 52.7% from an operating loss of $4.14 million in the same period of 2024 [1].

EpicQuest Education's net loss for the first half of fiscal 2025 was $0.16 million, down from a net loss of $3.52 million in the same period of 2024, representing a 95.5% decrease. This improvement was due to higher revenue, lower costs of services relative to revenue, and reduced operating expenses. The net loss per basic and diluted share for the first half of fiscal 2025 was $0.02, down from $0.26 per share in the same period of 2024 [1].

As of March 31, 2025, EpicQuest Education had $0.33 million in cash and cash equivalents, a decrease of $0.82 million from $1.15 million as of September 30, 2024. The company's negative working capital was $3.96 million, and its current ratio was 0.57, indicating improved liquidity compared to the prior year [1].

The company's stockholders' equity as of March 31, 2025, was $5.35 million, an increase of $0.18 million from $5.17 million as of September 30, 2024. Net cash used in operating activities for the six months ended March 31, 2025, was $2.29 million, a decrease of $7.81 million from the same period of 2024. Net cash provided by investing activities was $1.50 million, an increase of $0.75 million from the same period of 2024. Net cash provided by financing activities was nil for the six months ended March 31, 2025, compared to $4.95 million for the same period of 2024 [1].

References:
[1] https://finance.yahoo.com/news/epicquest-education-announces-first-half-210000190.html