GOLFZON (A215000) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was ₩129.8 billion, with operating income of ₩26.8 billion and net income of ₩18.9 billion, reflecting a year-over-year decrease in both revenue and profit.

• Gross margin for Q1 2025 was ₩49.2 billion, with a gross margin rate of 37.9%.

• The company maintains a strong cash position with ₩153.0 billion in cash and cash equivalents at quarter-end.

Financial highlights

• Q1 2025 revenue: ₩129.8 billion, down from ₩182.1 billion in Q1 2024.

• Operating income: ₩26.8 billion, down from ₩61.9 billion year-over-year.

• Net income attributable to owners: ₩20.4 billion, compared to ₩20.1 billion in Q1 2024.

• Basic and diluted EPS for Q1 2025: ₩3,405.

• Total assets at quarter-end: ₩662.1 billion; total equity: ₩441.9 billion.

Outlook and guidance

• Management expects continued growth in online services and content-driven revenue.

• The company is focusing on R&D and product innovation to maintain market leadership.