Kangwon Land FY 2025 Annual ReportBeta
Kangwon Land annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 23, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).
Kangwon Land FY 2025 Annual Report Analysis
Business Overview
- • Casino business accounts for 89% of total revenue in FY2025, dominated by table games (202 units) and machine games (1,362 units)
- • New foreigner-only gaming area approved May 30, 2025; 2 foreigner-only machine games licensed Sep 2025, operational from Jan 2026
Management Discussion & Analysis
- • Revenue KRW 1.4767T (+3.5% YoY); operating profit KRW 235.3B (-17.7% YoY); net income KRW 318.2B (-30.4% YoY)
- • Casino segment revenue KRW 1.3077T (+5.0% YoY), driven by membership system overhaul and customer service improvements
Risk Factors
- • No quantified foreign exchange exposure or sensitivity disclosed in FY2025 risk section
- • No new derivative trades, debt covenants, or regulatory risks added in FY2025 filing
Kangwon Land FY 2025 Key Financial MetricsDART
Total Assets
KRW 4.85T
▲ +3.1% YoY
Operating Cash Flow
KRW 294.5B
▼ -39.5% YoY
CapEx
KRW 115.9B
▲ +7.8% YoY
Source: KIFRS consolidated financial data from Kangwon Land annual report on DART. All figures in KRW.
Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding