225570 - Nexon Games

225570 Summary

Games

Stock Price & Overview

₩11,600 +420 (+3.76%) Close · Sep 4, 2026 KST

KOSDAQ | ₩KRW | Close: ₩11,600 ≈ US$8 · Market cap ₩0.8tn (≈ $546m)

225570 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Total Revenue	179.3	256.1	193.3	132.4	63.1	81.4
Operating Income	-60.2	38.7	12.0	5.2	-4.0	25.5
Finance Income	8.4	10.4	6.4	3.0	0.8	0.6
Finance Costs	5.8	5.7	3.0	1.8	0.6	0.6
Pretax Income	-57.9	43.8	15.7	6.1	-3.8	25.6
Income Tax Expense	3.9	12.3	4.4	0.1	4.2	-0.5
Net Income	-61.8	31.4	11.3	6.0	-8.0	26.1
Total Comprehensive Income	-61.8	31.4	11.3	6.0	-8.0	26.0

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Total Assets	404.5	487.2	366.9	325.5	126.8	94.4
Current Assets	214.5	292.0	237.3	204.0	107.7	75.4
Cash & Cash Equivalents	56.2	59.7	111.5	114.9	58.7	18.9
Trade Receivables	29.3	30.1	29.8	27.2	18.4	12.3
Non-current Assets	190.0	195.2	129.6	121.5	19.1	19.0
Property, Plant & Equipment	82.1	87.7	58.9	50.3	14.8	13.1
Intangible Assets	35.1	35.6	35.5	36.3	0.7	1.2
Total Liabilities	149.6	174.5	104.0	88.5	65.2	28.0
Current Liabilities	45.5	60.9	66.2	59.7	51.3	14.1
Non-current Liabilities	104.1	113.6	37.9	28.8	13.8	13.9
Total Equity	254.9	312.7	262.8	237.0	61.6	66.4
Share Capital	32.9	32.9	32.9	32.9	14.4	14.4
Retained Earnings	122.8	184.7	153.2	-8.1	-12.4	-4.4

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Cash from Operating Activities	-42.7	66.5	36.9	29.1	28.8	22.7
Cash from Investing Activities	65.8	-117.8	-36.7	35.9	12.6	-11.3
Purchase of Property, Plant & Equipment	3.5	6.3	3.8	0.9	0.9	0.4
Cash from Financing Activities	-25.9	-1.3	-2.5	-7.7	-1.5	-1.3
Net Change in Cash	-2.8	-52.6	-2.3	57.3	39.8	10.0

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Revenue	41.5	41.5	39.3	50.2	38.6	51.3	48.3	111.5	43.6	52.6
Operating Income	10.7	-21.1	-23.1	-10.5	-21.8	-4.9	-2.1	46.8	-8.4	2.5
Finance Income	1.4	2.5	1.5	1.7	2.0	3.2	3.4	3.5	1.6	1.9
Finance Costs	1.1	1.1	1.7	0.8	2.0	1.4	1.2	-1.2	3.2	2.6
Pretax Income	10.9	-19.9	-23.2	-10.1	-21.6	-3.0	0.2	51.6	-9.9	1.9
Income Tax Expense	2.3	1.9	3.9	1.0	1.7	-2.7	-2.7	11.9	1.1	2.1
Net Income	8.7	-21.8	-27.1	-11.1	-23.2	-0.3	2.9	39.7	-11.0	-0.2
Total Comprehensive Income	8.7	-21.8	-27.1	-11.1	-23.2	-0.3	2.9	39.7	-11.0	-0.2

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Assets	363.2	385.7	404.5	426.3	444.0	476.2	487.2	494.0	442.7	434.7
Current Assets	174.3	191.3	214.5	238.0	252.5	282.6	292.0	298.8	245.8	243.9
Cash & Cash Equivalents	92.5	83.0	56.2	75.8	68.2	53.8	59.7	123.9	100.4	91.8
Trade Receivables	36.3	29.6	29.3	23.5	23.0	28.7	30.1	52.9	44.7	35.9
Non-current Assets	188.9	194.4	190.0	188.3	191.5	193.6	195.2	195.2	196.9	190.9
Property, Plant & Equipment	83.3	87.3	82.1	81.5	84.6	85.7	87.7	89.8	91.1	94.3
Intangible Assets	34.9	35.0	35.1	35.2	35.3	35.5	35.6	35.2	35.3	35.4
Total Liabilities	147.3	149.4	149.6	148.2	148.6	159.3	174.5	189.0	182.0	167.1
Current Liabilities	43.4	41.0	45.5	41.9	38.8	48.7	60.9	72.7	72.6	71.4
Non-current Liabilities	103.9	108.4	104.1	106.3	109.8	110.6	113.6	116.3	109.3	95.7
Total Equity	215.9	236.3	254.9	278.1	295.4	316.9	312.7	305.0	260.8	267.6
Share Capital	32.9	32.9	32.9	32.9	32.9	32.9	32.9	32.9	32.9	32.9
Retained Earnings	109.7	101.0	122.8	150.0	161.1	184.3	184.7	181.7	142.0	153.0

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Cash from Operating Activities	-15.9	-20.6	-21.1	-3.8	-14.9	-2.9	18.3	43.9	3.2	1.1
Cash from Investing Activities	28.5	49.2	5.3	23.3	36.7	0.5	-80.5	-22.8	-10.1	-4.4
Purchase of Property, Plant & Equipment	0.4	0.7	0.9	0.6	0.9	1.2	1.3	1.3	1.8	1.9
Cash from Financing Activities	-3.3	-2.9	-3.3	-12.3	-6.6	-3.6	-1.8	-1.6	17.2	-15.0
Net Change in Cash	9.3	25.7	-19.2	7.2	15.2	-6.0	-64.1	19.5	10.3	-18.3

Consolidated (CFS), from DART. 6 fiscal years and 10 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

225570 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	179.3	-30.0%	+10.6%	+17.1%	—
Operating income	-60.2	—	—	—	—
Net income	-61.8	—	—	—	—
EPS	₩-939	—	—	—	—
Operating cash flow	-42.7	—	—	—	—
Shareholders' equity	254.9	-18.5%	+2.4%	+30.9%	—

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

225570 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Operating margin	-33.6%	15.1%	6.2%	3.9%	-6.3%	31.3%
Net margin	-34.5%	12.3%	5.8%	4.6%	-12.6%	32.1%
Return on equity	-21.8%	10.9%	4.5%	4.1%	-12.4%	39.3%
Return on assets	-13.9%	7.4%	3.3%	2.7%	-7.2%	27.6%
Operating cash flow / revenue	-23.8%	26.0%	19.1%	22.0%	45.6%	27.8%
Capex / revenue	1.9%	2.5%	2.0%	0.7%	1.4%	0.5%

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

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What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.