Pearl Abyss FY 2025 Annual Report
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Filed: March 19, 2026· period ending December 31, 2025DART

Pearl Abyss annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 19, 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).

Pearl Abyss FY 2025 Annual Report Analysis

Business Overview

• Game revenue KRW 353.2B (96.6% of total) in FY2025, driven by global PC, console, mobile 'Black Desert' and 'EVE' IPs
• 'Crimson Desert' flagship title release date announced March 20, 2026; global showcases at GDC 2025, PAX East, Gamescom, Tokyo Game Show

Management Discussion & Analysis

• Revenue KRW 36.56B (+6.8% YoY), operating loss KRW 1.48B (loss widened 20.5%), net loss KRW 841M (loss reversal from profit)
• Game segment revenue KRW 35.32B (96.6% of total), stable from sustained "Black Desert" IP performance; operating loss due to increased new title development and marketing costs

Risk Factors

• USD 5% exchange rate move impacts pre-tax comprehensive income by ±KRW 14.54B, largest FX sensitivity exposure
• Financial liabilities due within 1 year total KRW 21.12B, slightly increased YoY from KRW 21.10B

Pearl Abyss FY 2025 Key Financial Metrics
DART

Total Assets

KRW 1.15T

▲ +0.5% YoY

Operating Cash Flow

KRW 23.9B

▲ +544.2% YoY

CapEx

KRW 2.6B

▼ -15.9% YoY

Source: KIFRS consolidated financial data from Pearl Abyss 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