Netmarble
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Netmarble (251270) investor relations material

Netmarble Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary5 Feb, 2026

Executive summary

  • Achieved record-high annual revenue of KRW 2,835.1bn in FY2025, up 6.4% year-over-year, driven by multiple hit game titles and global expansion.

  • EBITDA for FY2025 reached KRW 484.0bn, up 30.8% year-over-year, with a margin of 17.1% due to ongoing cost optimization.

  • 4Q25 revenue was KRW 797.6bn, up 14.6% sequentially and 22.9% year-over-year; EBITDA was KRW 148.9bn, up 21.7% sequentially and 102.9% year-over-year.

Financial highlights

  • Operating profit for 4Q25 was KRW 110.8bn, with a solid margin of 13.9%.

  • Net loss for 4Q25 was KRW 35.9bn, mainly due to impairment losses on intangible assets.

  • FY2025 operating income was KRW 353bn (margin 12.4%), and net profit (controlling) was KRW 239bn (margin 8.4%).

  • Cash and cash equivalents at year-end were KRW 688bn.

Outlook and guidance

  • Eight new game titles, including StoneAge: Idle Adventure and The Seven Deadly Sins: Origin, are scheduled for release in 2026, targeting global markets.

  • Shareholder return policy for FY2026-2028 aims to expand returns up to 40% of adjusted net profit (controlling) via dividends and buybacks.

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Frequently asked questions

Netmarble Corporation is a South Korea-based company engaged in the development and publishing of mobile and online games. The company produces a wide range of game titles across genres such as role-playing, strategy, and casual games, often in collaboration with global entertainment franchises. Netmarble distributes its games both domestically and internationally through digital platforms and app stores. The company also invests in emerging technologies such as blockchain and the metaverse to expand its gaming ecosystem. Netmarble Corporation is headquartered in Seoul, South Korea, and its shares are listed on the KRX.

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