EpicQuest Education Group International Ltd
For the period ended Mar 31, 2026. Filed Jun 25, 2026.
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Mar 31, 2026 · Filed Jun 25, 2026
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Contents
EX-99.1 · 15. Segment Reporting
15. Segment Reporting
The Company’s chief operating decision maker has been identified as the Chief Executive Officer who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. The Company uses the management approach to determine the operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making decisions, allocating resources and assessing performance. The chief operating decision maker uses revenue to assess segment profitability and allocate resources effectively. There are inter-segment revenue transactions including marketing service and management service. Reconciliation of total segment revenues to consolidated revenues excludes inter-segment revenue. The accounting policies of the segments are the same as those used by the Company.
During the six months ended March 31, 2026 and 2025, the Company operated inthree primary reportable segments, representing its operating subsidiaries QHI, DC, and DU. Other business activities that are currently not classified as a reportable segment is combined in the category of “Other”, which includes the results of HHI, Skyward, Gilmore and SouthGilmore..
A summary of segment information for the six months ended March 31, 2026:
| - QHI - | - DC - | -DU- | Other | Total | |
|---|---|---|---|---|---|
| US$ | US$ | US$ | US$ | US$ | |
| Revenue | 642,828 | 962,919 | 4,665,204 | - | 6,270,951 |
| Cost of services | 90,041 | 455,705 | 2,093,141 | - | 2,638,887 |
| Selling expenses and general administrative | 1,478,909 | 668,206 | 2,309,070 | 159,776 | 4,615,961 |
| Segmented loss /(income) | 926,122 | 160,992 | (262,993) | 159,776 | 983,897 |
| Depreciation expense | 205,953 | ||||
| Stock-based compensation expense | 1,259,037 | ||||
| Other expenses/(income) | 606,857 | ||||
| Interest income | (6,248) | ||||
| Loss before income taxes | 3,049,496 | ||||
| Income taxes expense | 111,582 | ||||
| Net loss | 3,161,078 | ||||
A summary of segment information for the six months ended March 31, 2025:
| - QHI - | - DC - | -DU- | Other | Total | |
|---|---|---|---|---|---|
| US$ | US$ | US$ | US$ | US$ | |
| Revenue | 1,550,559 | 24,304 | 3,792,542 | - | 5,367,405 |
| Cost of services | 325,438 | 35,600 | 1,590,197 | - | 1,951,235 |
| Selling expenses and general administrative | 2,618,426 | 241,497 | 1,533,770 | 353,587 | 4,747,280 |
| Segmented loss/(income) | 1,393,305 | 252,793 | (668,575) | 353,587 | 1,331,110 |
| Depreciation expense | 201,635 | ||||
| Stock-based compensation expense | 430,356 | ||||
| Other income | (1,890,840) | ||||
| Interest income | (2,673) | ||||
| Loss before income taxes | 69,588 | ||||
| Income taxes expense | 86,571 | ||||
| Net loss | 156,159 | ||||
As at March 31, 2026, total assets located in the U.S. and Canada were $7,733,480 or 84%, and $1,495,050 or 16% of the Company’s total assets.
As at September 30, 2025, long-term assets located in the U.S. and Canada were $8,212,099 or 87%, and $1,259,527 or 13% of the Company’s total long-term assets.
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