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    Electronic Gaming & Multimedia
Netmarble Corporation

Netmarble Corporation

251270.KS
Netmarble CorporationKR flagKorea Exchange
37,550.00
KRW
-700.00
- -
3.08TMarket Cap
Netmarble Corporation
251270.KS
(Korea Exchange)

Recent

price

37,550.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
18,256.08
23,450.68
30,586.37
23,771.04
26,300.61
30,385.57
30,605.4
32,628.56
30,533.05
32,517.68
34,595.41
34,941.93
Revenue per Share
2,051
2,720
3,908
2,230
1,883
3,827
2,933
-9,998
-3,120
313
2,746
4,383.17
Basic EPS, GAAP
3,395.02
1,567.97
5,934.61
2,288.89
3,339.1
1,645.73
440.07
-6,651.83
-1,825.7
2,929.23
3,349.19
3,138.39
Free Cash Flow per Basic Share
53.24
60.37
- -
359.87
1.58
- -
1,916.44
640.17
26.51
1.09
503.45
2.28
Dividend per Share
2,087.23
4,700.66
7,712.65
9,049.94
11,143.15
15,100.35
27,386.31
16,917.18
13,875.93
14,088.38
16,427.06
13,172.36
Book Value per Share
12,474.56
12,042.69
40,724.41
38,010.32
39,408.94
53,303.1
23,302.1
24,723.04
22,579.49
27,206.22
32,144.57
34,592.36
Tangible Book Value per Share
59
64
79
85
83
82
82
82
82
82
82
82
Basic Weighted Avg Shares
1,072,921
1,500,016
2,424,755
2,021,273
2,178,678
2,484,765
2,506,906
2,673,408
2,502,056
2,663,783
2,835,074
2,862,924
Sales/Revenue/Turnover
21
19.71
21.02
11.99
9.3
10.95
6.02
-4.07
-2.74
8.09
12.43
12.43
Operating Margin (%)
22,678
30,597
64,742
80,024
118,163
111,721
150,553
232,384
185,422
154,374
131,484
130,457
Depreciation Expense
120,538
173,984
309,809
189,619
155,983
312,951
240,244
-819,182
-255,671
25,640
225,033
359,130
Net Income, GAAP
26.32
24.07
23.46
26
22.27
28.78
29.04
- -
- -
95.78
33.32
31.24
Effective Tax Rate (%)
11.23
11.6
12.78
9.38
7.16
12.59
9.58
-30.64
-10.22
0.96
7.94
12.54
Profit Margin (%)
252,995
300,246
2,417,145
2,003,621
1,895,544
187,217
-1,093,638
-1,296,648
-1,033,986
-233,423
-644,114
-613,338
Working Capital
- -
- -
- -
85,277
235,083
350,656
739,785
533,932
443,350
1,056,585
424,934
286,784
LT Debt
1,180,703
1,310,354
4,465,269
4,551,536
4,648,341
5,650,596
6,007,659
5,621,808
5,079,045
5,473,860
5,492,483
5,811,716
Total Equity
- -
16.46
12.93
3.88
3.28
3.28
1.36
- -
- -
0.13
3.26
3.4
Return on Invested Capital (%)
- -
36.17
43.01
18.39
12.28
15.08
6.78
- -
- -
1.76
9.06
15.13
Return on Capital (%)
- -
82.2
67.93
27.46
18.43
29.01
13.81
-45.14
-20.27
2.24
18
31.58
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
999,386
1,165,657
1,068,995
LT Borrowings
352,157
363,498
223,900
LT Finance Leases
65,306
61,435
62,884
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
82
82
82
Market Capitalization
5,056,160
3,953,966
4,031,142

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,119,088
1,256,531
1,341,848
Cash, Cash Equivalents & STI
761,752
855,945
964,759
Accounts Receivable, Net
257,887
280,634
259,936
Inventories
1,704
1,522
1,505
Total Current Liabilities
1,770,127
1,900,645
1,955,186
Payables & Accruals
- -
- -
- -
ST Debt
999,386
1,165,657
1,068,995
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.57%
-0.33%
0.34%
Free Cash Flow
-175.23%
-400.76%
14.38%
Net Income, GAAP
30.11%
26.92%
777.65%
Sales/Revenue/Turnover
12.07%
2.8%
6.43%
Total Cash Common Dividend
- -
33,094.13%
46,226.07%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
585,387
782,087
647,311
648,999
2,663,783
2025
623,877
717,641
695,955
797,601
2,835,074
2026
651,727
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-5
2,069
274
- -
313
2025
922
1,957.23
457.5
- -
2,746
2026
2,559.14
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.09
2025
- -
- -
2.28
- -
503.45
2026
- -
- -
- -
- -
- -
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Business
Netmarble Corporation (KRX: 251270) develops and publishes mobile, PC and console games worldwide, with a focus on role-playing games (RPGs), strategy titles, action games, casual games, simulation games and social casino games; key products include Marvel Future Fight, Lineage 2: Revolution, Seven Knights and its sequel Seven Knights 2, Seven Deadly Sins: Grand Cross, Ni no Kuni: Cross Worlds, Solo Leveling: Arise, Game of Thrones: Kingsroad, Jackpot World from its SpinX Games subsidiary, and upcoming titles such as RF Project and Shangri-La Frontier. Founded in 2000 and headquartered in Seoul, South Korea, the company operates globally across more than 120 countries through subsidiaries including North American studios Jam City and Kabam, Netmarble Japan, Netmarble Joybomb in Taiwan, Netmarble Thailand and SpinX Games in Hong Kong. Netmarble Neo, Netmarble Monster, Netmarble Nexus and Netmarble F&C serve as primary internal development studios, while major shareholders include founder Bang Jun-hyuk, CJ ENM and Tencent. Recent developments include the 2021 acquisition of SpinX Games for approximately KRW 2 trillion to expand its social casino portfolio, which prompted debt repayment efforts using its HYBE stake; in 2025, the company canceled a planned KRW 2.5 trillion exchangeable bond issuance backed by HYBE shares amid stock volatility from an owner risk scandal, after reducing SpinX-related debt from KRW 1.6 trillion to the mid-KRW 200 billion range, and announced plans for seven new title launches in the second half of 2025 alongside a global release of its dark fantasy MMORPG Raven 2 on October 22.