This need not split. As an example, take $0 \to 2\mathbb{Z} \hookrightarrow \mathbb{Z} \to \mathbb{Z}/2\mathbb{Z} \to 0$. More generally, split short exact sequences are precisely those that admit a decomposition $M \approx N \oplus M/N$, which need not be true in general.
This need not split. As an example, take $0 \to 2\mathbb{Z} \hookrightarrow \mathbb{Z} \to \mathbb{Z}/2\mathbb{Z} \to 0$. More generally, split short exact sequences are precisely those that admit a decomposition $M \approx N \oplus M/N$, which need not be true in general.