EduTech Firm Creverse Reports 53.9% Jump in Q2 Operating Profit

EduTech firm Creverse has announced a significant boost in its financial performance, with a 53.9% year-on-year surge in operating profit for the second quarter of 2026. The company posted an operating profit of 2.4 billion won on consolidated operating revenue of 55.5 billion won.

This improved profitability is largely credited to strategic initiatives including the renewal of its flagship brand, 'The Open,' and ongoing efforts to strengthen its financial structure. Creverse has historically seen a dip in summer quarter (June-August) revenue due to the academic calendar, but this year experienced a rebound or maintained performance in its key brands during the summer term.

The English education division, spearheaded by Chungdahm Learning, has been a major contributor. The brand's recent renewal, 'The Open,' which caters to in-school, grammar, and college entrance exam needs, has resonated with evolving educational demands. Consequently, the total number of enrolled students in Chungdahm Learning's directly managed and affiliated branches increased by 880, or 4.9%, in June compared to the previous year.

In the Math division, CMS Yeongjaegwan has driven growth, with its second-quarter revenue climbing for the fourth consecutive year to 14.9 billion won in 2026, up from 10.6 billion won in 2023. This quarter alone saw a 14.7% increase in revenue and a 12.4% rise in student enrollment, totaling 892 students.

Creverse is also prioritizing shareholder returns, having executed an interim dividend of 500 won per share, totaling 4.2 billion won, in July. The company plans to maintain this tax-exempt dividend policy and has completed the incineration of 900,000 treasury shares in the first half of the year. Future plans include continuing to combine dividends and treasury share incineration to enhance per-share value.