Mgame Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	91,740	83,425	81,633	73,654	55,705
Revenue Growth (YoY)	9.97%	2.20%	10.83%	32.22%	31.40%
Cost of Revenue	4,520	4,223	3,110	367.2	282
Gross Profit	87,220	79,202	78,524	73,287	55,423
Selling, General & Admin	50,349	46,729	42,323	31,625	27,576
Research & Development	16,231	17,358	13,318	10,155	8,203
Amortization of Goodwill & Intangibles	520.08	563.37	562.03	563.46	561.34
Operating Expenses	69,665	66,364	57,176	43,171	35,440
Operating Income	17,555	12,839	21,347	30,116	19,983
Interest Expense	-28.14	-33.78	-15.95	-5.58	-21.02
Interest & Investment Income	2,426	3,071	2,705	837.15	904.41
Earnings From Equity Investments	1,135	843.33	1,181	-	-
Currency Exchange Gain (Loss)	346.88	1,313	-229.55	451.51	869.86
Other Non Operating Income (Expenses)	1,886	4,008	7.51	16.62	71.63
EBT Excluding Unusual Items	23,321	22,041	24,995	31,415	21,808
Gain (Loss) on Sale of Investments	-356.97	863.24	559.93	-217.83	49.52
Gain (Loss) on Sale of Assets	19.13	-17.14	13.74	-121.22	3,318
Asset Writedown	-	-	-492.49	-2,372	89.1
Pretax Income	22,983	22,887	25,076	28,705	25,265
Income Tax Expense	6,985	7,228	3,308	6,128	3,768
Earnings From Continuing Operations	15,999	15,659	21,769	22,576	21,497
Minority Interest in Earnings	28.94	6.18	94.98	72.35	-56.76
Net Income	16,028	15,665	21,864	22,649	21,440
Net Income to Common	16,028	15,665	21,864	22,649	21,440
Net Income Growth	2.31%	-28.35%	-3.47%	5.64%	215.60%
Shares Outstanding (Basic)	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19
Shares Change (YoY)	-1.61%	-1.01%	-1.91%	2.44%	-0.84%
EPS (Basic)	861.00	828.00	1143.91	1162.41	1127.19
EPS (Diluted)	861.00	828.00	1143.91	1162.41	1127.19
EPS Growth	3.99%	-27.62%	-1.59%	3.12%	218.26%
Free Cash Flow	3,963	5,648	24,860	36,049	15,508
Free Cash Flow Per Share	212.90	298.53	1300.67	1850.14	815.34
Dividend Per Share	-	-	150.000	-	-
Gross Margin	95.07%	94.94%	96.19%	99.50%	99.49%
Operating Margin	19.13%	15.39%	26.15%	40.89%	35.87%
Profit Margin	17.47%	18.78%	26.78%	30.75%	38.49%
Free Cash Flow Margin	4.32%	6.77%	30.45%	48.94%	27.84%
EBITDA	20,796	15,456	23,114	31,726	21,708
EBITDA Margin	22.67%	18.53%	28.31%	43.07%	38.97%
D&A For EBITDA	3,241	2,618	1,767	1,610	1,725
EBIT	17,555	12,839	21,347	30,116	19,983
EBIT Margin	19.13%	15.39%	26.15%	40.89%	35.87%
Effective Tax Rate	30.39%	31.58%	13.19%	21.35%	14.91%
Advertising Expenses	1,672	4,317	1,869	1,607	1,140

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.