Netmarble 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	Mar '26 Mar 31, 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	2,862,924	2,835,074	2,663,783	2,502,056	2,673,408	2,506,906
Revenue Growth (YoY)	5.95%	6.43%	6.46%	-6.41%	6.64%	0.89%
Cost of Revenue	1,048	1,131	1,059	969.7	566.48	925.48
Gross Profit	2,861,877	2,833,943	2,662,725	2,501,086	2,672,842	2,505,981
Selling, General & Admin	2,368,538	2,341,671	2,283,074	2,374,697	2,542,287	2,197,251
Research & Development	73.9	83.75	22.15	30.33	67.09	82.35
Amortization of Goodwill & Intangibles	84,317	83,629	100,927	128,887	178,286	106,553
Other Operating Expenses	7,506	8,023	8,960	9,100	5,980	6,840
Operating Expenses	2,517,041	2,493,927	2,454,784	2,599,145	2,795,753	2,374,712
Operating Income	344,836	340,016	207,941	-98,059	-122,911	131,269
Interest Expense	-64,925	-72,482	-107,428	-146,706	-112,780	-36,223
Interest & Investment Income	20,549	18,895	24,528	29,442	24,209	24,460
Earnings From Equity Investments	360,810	95,297	243,534	423,130	79,022	209,122
Currency Exchange Gain (Loss)	-6,570	-8,929	-7,056	-34,139	-122,579	31,792
Other Non Operating Income (Expenses)	4,378	100,064	-23,142	-45,177	66,468	4,604
EBT Excluding Unusual Items	659,078	472,861	338,376	128,492	-188,572	365,024
Gain (Loss) on Sale of Investments	-1,657	-1,825	-3,693	-1,617	-5,956	6,142
Gain (Loss) on Sale of Assets	-5,730	-871.63	32,798	30,899	-38,347	-2,259
Asset Writedown	-125,901	-125,889	-291,186	-316,377	-708,599	-19,425
Other Unusual Items	-7.34	1,900	-	-	-	1,695
Pretax Income	525,781	346,175	76,295	-158,604	-941,474	351,178
Income Tax Expense	164,274	115,356	73,079	145,282	-55,116	101,999
Earnings From Continuing Operations	361,508	230,819	3,216	-303,885	-886,358	249,178
Minority Interest in Earnings	-2,378	-5,785	22,424	48,214	67,175	-8,934
Net Income	359,130	225,033	25,640	-255,671	-819,182	240,244
Net Income to Common	359,130	225,033	25,640	-255,671	-819,182	240,244
Net Income Growth	253.32%	777.65%	-	-	-	-23.23%
Shares Outstanding (Basic)	82	82	82	82	82	82
Shares Outstanding (Diluted)	84	84	85	82	82	82
Shares Change (YoY)	-2.93%	-0.98%	4.10%	-	-	0.07%
EPS (Basic)	4383.62	2746.50	312.94	-3120.43	-9998.01	2932.66
EPS (Diluted)	4295.67	2665.00	0.31	-3120.43	-9998.01	2932.00
EPS Growth	370.42%	864623.50%	-	-	-	-23.29%
Free Cash Flow	240,977	258,523	188,930	-136,305	-448,957	7,793
Free Cash Flow Per Share	2882.14	3061.19	2215.11	-1663.58	-5479.46	95.11
Dividend Per Share	876.000	876.000	-	-	-	-
Gross Margin	99.96%	99.96%	99.96%	99.96%	99.98%	99.96%
Operating Margin	12.04%	11.99%	7.81%	-3.92%	-4.60%	5.24%
Profit Margin	12.54%	7.94%	0.96%	-10.22%	-30.64%	9.58%
Free Cash Flow Margin	8.42%	9.12%	7.09%	-5.45%	-16.79%	0.31%
EBITDA	475,293	471,499	362,315	87,362	109,472	281,822
EBITDA Margin	16.60%	16.63%	13.60%	3.49%	4.09%	11.24%
D&A For EBITDA	130,457	131,484	154,374	185,422	232,384	150,553
EBIT	344,836	340,016	207,941	-98,059	-122,911	131,269
EBIT Margin	12.04%	11.99%	7.81%	-3.92%	-4.60%	5.24%
Effective Tax Rate	31.24%	33.32%	95.78%	-	-	29.04%
Advertising Expenses	-	573,590	470,263	486,876	524,342	400,035