Mgame Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	90,183	91,740	83,425	81,633	73,654	55,705
Revenue Growth	-3.01%	9.97%	2.20%	10.83%	32.22%	31.40%
Cost of Revenue	4,958	4,520	4,223	3,110	367.2	282
Gross Profit	85,226	87,220	79,202	78,524	73,287	55,423
Selling, General & Admin	51,444	50,349	46,729	42,323	31,625	27,576
Research & Development	16,558	16,231	17,358	13,318	10,155	8,203
Amortization of Goodwill & Intangibles	246.08	520.08	563.37	562.03	563.46	561.34
Operating Expenses	71,235	69,665	66,364	57,176	43,171	35,440
Operating Income	13,990	17,555	12,839	21,347	30,116	19,983
Interest Expense	-43.36	-28.14	-33.78	-15.95	-5.58	-21.02
Interest & Investment Income	2,541	2,426	3,071	2,705	837.15	904.41
Earnings From Equity Investments	1,135	1,135	843.33	1,181	-	-
Currency Exchange Gain (Loss)	2,926	346.88	1,313	-229.55	451.51	869.86
Other Non Operating Income (Expenses)	1,810	1,886	4,008	7.51	16.62	71.63
EBT Excluding Unusual Items	22,358	23,321	22,041	24,995	31,415	21,808
Gain (Loss) on Sale of Investments	-2,224	-356.97	863.24	559.93	-217.83	49.52
Gain (Loss) on Sale of Assets	-188.53	19.13	-17.14	13.74	-121.22	3,318
Asset Writedown	-950.03	-	-	-492.49	-2,372	89.1
Pretax Income	18,996	22,983	22,887	25,076	28,705	25,265
Income Tax Expense	5,082	6,985	7,228	3,308	6,128	3,768
Earnings From Continuing Operations	13,913	15,999	15,659	21,769	22,576	21,497
Minority Interest in Earnings	25.75	28.94	6.18	94.98	72.35	-56.76
Net Income	13,939	16,028	15,665	21,864	22,649	21,440
Net Income to Common	13,939	16,028	15,665	21,864	22,649	21,440
Net Income Growth	-12.31%	2.31%	-28.35%	-3.47%	5.64%	215.60%
Shares Outstanding (Basic)	19	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19	19
Shares Change	1.38%	-1.59%	-1.01%	-1.91%	2.44%	-0.84%
EPS (Basic)	737.07	860.83	828.00	1143.91	1162.41	1127.19
EPS (Diluted)	737.07	860.83	828.00	1143.91	1162.41	1127.19
EPS Growth	-13.50%	3.96%	-27.62%	-1.59%	3.12%	218.26%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	17,294	3,963	5,648	24,860	36,049	15,508
Free Cash Flow Per Share	914.50	212.86	298.53	1300.67	1850.14	815.34
Dividend Per Share	-	-	-	150.000	-	-
Dividend Growth	-	-	-	-	-	-
Gross Margin	94.50%	95.07%	94.94%	96.19%	99.50%	99.49%
Operating Margin	15.51%	19.13%	15.39%	26.15%	40.89%	35.87%
Profit Margin	15.46%	17.47%	18.78%	26.78%	30.75%	38.49%
Free Cash Flow Margin	19.18%	4.32%	6.77%	30.45%	48.94%	27.84%
EBITDA	17,434	20,796	15,456	23,114	31,726	21,708
EBITDA Margin	19.33%	22.67%	18.53%	28.31%	43.07%	38.97%
D&A For EBITDA	3,444	3,241	2,618	1,767	1,610	1,725
EBIT	13,990	17,555	12,839	21,347	30,116	19,983
EBIT Margin	15.51%	19.13%	15.39%	26.15%	40.89%	35.87%
Effective Tax Rate	26.76%	30.39%	31.58%	13.19%	21.35%	14.91%
Advertising Expenses	-	1,672	4,317	1,869	1,607	1,140