NCsoft FY 2025 Annual Report
Beta

Filed: March 18, 2026· period ending December 31, 2025DART

NCsoft annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 18, 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).

NCsoft FY 2025 Annual Report Analysis

Business Overview

  • Game revenue KRW 1.51T in FY2025, 38% from overseas including royalties in Asia, North America, Europe
  • MMORPG AION2 released Nov 19, 2025, achieved KRW 160B cumulative revenue within 3 months

Risk Factors

  • USD 10% move → ±KRW 85.5B pre-tax impact; JPY 10% move → ±KRW 16.6B pre-tax impact on foreign currency monetary items
  • Equity securities fair value KRW 281.9B at FY2025 end, down from KRW 307.6B prior year; 5% stock price rise → KRW 14.1B OCI increase

NCsoft FY 2025 Key Financial Metrics
DART

Total Assets

KRW 4.33T

+9.6% YoY

Operating Cash Flow

KRW 162.0B

+51.3% YoY

CapEx

KRW 103.5B

+22.9% YoY

Source: KIFRS consolidated financial data from NCsoft 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