EDC swings to FY26 profit of $2.33 million; net revenues fall 33% to $22.91 million

• EDC swung to a net profit of $2.33 million as net revenues fell 33% to $22.91 million.
• Earnings before income taxes turned to $5.35 million, helped by other income of $14 million tied to a $12.4 million gain on the sale of the Hilti Complex.
• PaperPie net revenues dropped 35.5% to $19.34 million as the average number of active Brand Partners fell 52.8% to 5,800.
• Publishing net revenues declined 16.3% to $3.57 million, while the company said it obtained a $2 million line of credit after year-end to fund short-term cash flow needs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EDC - Educational Development Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-26-001927), on May 19, 2026, and is solely responsible for the information contained therein.