Neptune Co

Neptune Co

KKRX:217270
2,245.00
KRW
-45.00
(-1.97%)
-1,275.77EPS
106.48BMarket Cap
Nov 18Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1,097.01
5,536.03
1,094.47
909.93
814.46
841.89
657.68
850.99
2,236.03
2,687.97
2,729.75
2,556.54
Basic EPS, GAAP
335
-1,090
1,808
-1,683
-799
1,982
2,518
-4,679
-352
43
-895
-1,230.31
Free Cash Flow per Basic Share
279.4
142.74
-293.54
-684.41
-280.06
-361.4
-765.31
-906.42
21.42
455.6
174.1
222.65
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
29,816.12
2,289.16
4,479.88
3,400.62
2,953.22
4,918.84
12,410.96
8,628.17
8,233.48
8,204.64
7,035.65
7,056.83
Tangible Book Value per Share
4,191.6
329.12
2,737.07
2,384.43
2,353.72
4,386.52
11,352.96
4,635.43
4,394.18
4,943.15
4,027.9
4,105.78
Basic Weighted Avg Shares
9
3
19
20
22
23
31
35
45
45
45
45
Sales/Revenue/Turnover
10,001
18,336
20,528
18,174
18,037
19,640
20,287
29,467
99,747
121,601
122,531
114,794
Operating Margin (%)
28.45
-17.01
-41.97
-101.06
-56.1
-44.14
-121.29
-97.21
2.16
7.93
2.03
-0.22
Depreciation Expense
298
1,583
2,210
2,336
3,096
2,344
2,604
4,058
7,026
8,342
8,007
7,610
Net Income, GAAP
3,054
-3,610
33,912
-33,615
-17,695
46,237
77,671
-162,019
-15,702
1,945
-40,174
-55,244
Effective Tax Rate (%)
14.3
- -
25
- -
- -
20.32
27.01
- -
- -
41.27
- -
- -
Profit Margin (%)
30.54
-19.69
165.19
-184.96
-98.1
235.42
382.86
-549.83
-15.74
1.6
-32.79
-48.12
Working Capital
5,084
6,863
5,606
-30,411
-24,827
11,273
19,931
27,727
38,551
52,439
32,530
35,486
LT Debt
320
1,644
6,887
2,375
1,098
1,073
7,542
4,292
3,474
3,409
2,934
13,168
Total Equity
30,339
38,942
82,454
68,807
62,003
108,603
387,297
379,646
364,226
370,415
315,951
315,699
Return on Invested Capital (%)
- -
- -
-9.69
- -
- -
-5.97
-6.62
- -
- -
1.49
- -
- -
Return on Capital (%)
- -
- -
53.78
- -
- -
43.45
32.02
- -
- -
-0.15
- -
- -
Return on Common Equity (%)
- -
-10.2
54.16
-42.69
-25.05
49.96
30.49
-41.67
-4.17
0.53
-11.74
-15.76

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
12,814
13,681
3,257
LT Borrowings
- -
- -
- -
LT Finance Leases
2,934
14,722
13,168
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
45
45
45
Market Capitalization
230,474
180,606
106,476

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
68,193
71,421
61,818
Cash, Cash Equivalents & STI
44,967
44,433
37,160
Accounts Receivable, Net
18,627
20,990
19,164
Inventories
105
101
84
Total Current Liabilities
35,664
38,864
26,332
Payables & Accruals
- -
- -
- -
ST Debt
12,814
13,681
3,257
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
42.64%
47.52%
-14.7%
Free Cash Flow
88.8%
420.9%
-62.08%
Net Income, GAAP
-447.39%
-521.7%
-2,165.21%
Sales/Revenue/Turnover
40.17%
61.94%
0.76%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
24,567
26,832
38,279
31,923
121,601
2025
31,587
34,161
29,672
27,111
122,531
2026
31,409
26,601
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
480
243
539
-1,217.03
43
2025
148
205
-518.27
-729.29
-895
2026
136.65
-119
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Yul-Bin Kang
Full Time Employees
125
Sector
Technology services
Industry
Packaged software
Address
Seoul South Korea
IPO Date
Jun 18, 2015
Business
Neptune Co., Ltd. is a South Korea-based digital entertainment and technology company primarily engaged in the development, publishing, and servicing of mobile, PC, and multi-platform video games, as well as digital advertising and ad-tech solutions. Founded in 2012 and headquartered in Seongnam-si, Gyeonggi-do, South Korea, the company operates as a consolidated subsidiary of Kakao Games Corp. Neptune Co., Ltd. organizes its operations across two primary business segments: Game Software Development and Publishing, and Ad-Tech and Digital Marketing Platforms. The Game Software Development and Publishing segment develops and operates a diverse portfolio of video game titles across genres, including PC multiplayer battle royale and MOBA games, exemplified by its flagship title Eternal Return developed by subsidiary Nimble Neuron; mobile puzzle and casual arcade games, such as LINE Puzzle TanTan; mobile idle simulation and management titles, including Cat Snack Bar and Office Cat: Idle Tycoon developed by subsidiary Triplela; mobile idle role-playing games (RPGs) and strategy titles through subsidiaries EK Games and PlayHard; and social casino games. The Ad-Tech and Digital Marketing Platforms segment provides digital advertising optimization and programmatic ad mediation services through its proprietary MobX platform and ad mediation technology inherited via the integration of AdX, enabling mobile application developers to maximize advertising monetization, performance marketing campaigns, and user acquisition analytics. In addition, through its specialized subsidiary OnMind, the company develops real-time virtual humans, 3D digital avatars, and artificial intelligence-driven interactive content for the entertainment, metaverse, and live-streaming sectors. The company distributes its products and services domestically across South Korea and internationally across key markets including North America, Europe, Japan, Taiwan, and Southeast Asia via digital distribution platforms such as Steam, Google Play, and the Apple App Store. In recent developments, Neptune Co., Ltd. has executed significant strategic and operational reorganizations to streamline its core business lines, focusing heavily on profitable game operations and high-margin ad-tech infrastructure. The company completed the full structural integration of its ad-tech subsidiary AdX, establishing its ad monetization platform as a primary recurring revenue engine alongside its gaming businesses. Within its gaming division, subsidiary Nimble Neuron officially launched the full 1.0 commercial version of Eternal Return on Steam alongside multi-season competitive content updates, driving substantial global player base and revenue growth, while mobile studio Triplela expanded its international footprint through the worldwide release of new idle management titles including Office Cat: Idle Tycoon. Furthermore, the company has divested non-core assets and non-performing ventures to strengthen its operating cash flows, enhanced strategic collaboration with parent company Kakao Games for global title distribution and cross-platform publishing, and advanced the commercial deployment of real-time AI virtual humans via subsidiary OnMind following strategic equity investments from industry partners including Krafton and SK Square.