EpicQuest Education Announces a Record Number of Students Enrolled in its Foundational Programs

Enrollment Increased 218% over Two Years with the Programs Expected to Provide Revenue of Over $5 Million for the 2025-2026 Academic Year

TOLEDO, Ohio, Oct. 9, 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 a record number of students are enrolled in its overseas foundational programs. Enrollment increased to 175 students for the Fall 2025 semester, an increase of 52% as compared to the Fall 2024–2025 academic year, and 218% over the last two years. EpicQuest Education's foundational programs are a key component of its core mission of internationalization.

"Foundational programs enable international students to study in their home countries to prepare for overseas study abroad while earning course credits they can use at our Davis University as well as at other top schools in the US," commented Zhenyu Wu, CFO of EpicQuest Education. "These programs provide high margin revenue to the Company, and we estimate that our current foundational programs will provide an annual revenue stream of at least $5 million for the 2025–2026 academic year."

Enrollment in Davis University's foundational programs grew to 175 students in the Fall of 2025, up from 115 students in the Fall of 2024, and 55 students in the Fall of 2023 — representing a 218% increase over the past two years. Foundational programs are a course of study for international students to acquire the skills needed to ensure their success at colleges and universities. The Company believes that Davis University's foundational programs represents sustainable revenue since the retention rate of students is close to 100%. In addition to this being a unique revenue stream for EpicQuest Education, the foundational programs creates a potential pool of future students to attend its owned and operated schools.

Davis University's foundational program students are enrolled in elite universities. The foundational programs are currently placed on the main campuses of  Shanghai Jiao Tong University and The Chinese University of Hong Kong (Shenzhen), both of which are preeminent universities in China. A total of 131 students are enrolled into these two programs, and 44 students are enrolled through the collaboration between Davis University and Immersion Academy. The Company typically places its own instructors in these programs and collaborates on academic programming for students.  

EpicQuest Education's Mission of Internationalization

The Company believes that internationalization is a key element of its strategic growth plan. EpicQuest Education's growth plan is to have its operated colleges, Davis University and EduGlobal College, become increasingly focused on international recruiting and enhanced globalized learning to its students as well as pathways to achieve university degrees. The Company's strategic growth plan is to achieve international expansion and establish EpicQuest Education as a truly 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 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, 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 the Company to achieve the expected annual revenue stream of at least $5 million in the 2025-2026 academic year. 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
[email protected]

Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
[email protected]

Source: EpicQuest Education Group International Limited

SOURCE EpicQuest Education Group International Limited