GRAVITY CO., LTD. | |||||
By: |
/s/ Heung Gon Kim |
||||
Name: |
Heung Gon Kim |
||||
Title: |
Chief Financial Officer |
||||
Exhibit No. |
Description |
|||||||||||||
99. 1 |
||||||||||||||
99. 2 |
||||||||||||||
99. 3 |
||||||||||||||
Category |
2025 |
2024 |
2023 |
|||||||||||||||||
Current assets |
458,043,585 |
388,828,361 |
320,313,123 |
|||||||||||||||||
• Quick assets |
458,043,585 |
388,828,361 |
320,313,123 |
|||||||||||||||||
Non-current assets |
81,595,914 |
73,268,527 |
56,133,360 |
|||||||||||||||||
• Investment asset |
49,236,515 |
49,376,747 |
35,451,234 |
|||||||||||||||||
• Property and Equipment, net |
4,083,804 |
5,344,496 |
4,179,602 |
|||||||||||||||||
• Intangible asset |
6,284,550 |
6,765,893 |
5,989,596 |
|||||||||||||||||
• Other non-current asset |
14,529,957 |
6,277,319 |
5,279,592 |
|||||||||||||||||
Total assets |
539,639,499 |
462,096,888 |
376,446,483 |
|||||||||||||||||
Current liabilities |
34,186,669 |
36,037,103 |
41,707,393 |
|||||||||||||||||
Non-current liabilities |
3,978,361 |
7,406,050 |
3,977,710 |
|||||||||||||||||
Total liabilities |
38,165,030 |
43,443,153 |
45,685,103 |
|||||||||||||||||
Share capital |
3,474,450 |
3,474,450 |
3,474,450 |
|||||||||||||||||
Capital surplus |
27,482,683 |
27,482,683 |
27,482,683 |
|||||||||||||||||
Other components of equity |
- |
- |
- |
|||||||||||||||||
Retained earnings |
470,517,336 |
387,696,602 |
299,804,247 |
|||||||||||||||||
Total equity |
501,474,469 |
418,653,735 |
330,761,380 |
|||||||||||||||||
Revenues |
186,120,945 |
179,302,825 |
242,775,498 |
|||||||||||||||||
Operating income |
43,022,077 |
44,190,431 |
70,755,035 |
|||||||||||||||||
Net income before income tax |
98,145,363 |
102,345,511 |
92,062,740 |
|||||||||||||||||
Net income |
82,820,734 |
87,892,355 |
70,169,563 |
|||||||||||||||||
Classification |
Location |
|||||||
Head Office |
(Nuritkum Square R&D Tower) 15F, 396 World Cup buk-ro, Mapo-gu, Seoul 121-795, Korea |
|||||||
Game Development Facilities |
(Nuritkum Square R&D Tower) 15F, 396 World Cup buk-ro, Mapo-gu, Seoul 121-795, Korea |
|||||||
Total number of shares authorized |
Total number of shares issued |
Total number of shares unissued |
||||||||||||
40,000,000 shares |
6,948,900 shares |
33,051,100 shares |
||||||||||||
Type |
Number of shares |
Total par value |
% |
|||||||||||||||||
Registered common stock |
6,948,900 shares |
KRW 3,474,450,000 |
100 % |
|||||||||||||||||
Shareholder |
Shares Owned |
% |
Transaction with the Company |
|||||||||||||||||
GungHo Online Entertainment, Inc. |
4,121,737 |
59.31 |
- |
|||||||||||||||||
Others |
2,827,163 |
40.69 |
- |
|||||||||||||||||
Total |
6,948,900 |
100.00 |
- |
|||||||||||||||||
Companies |
Relationship with the Company |
|||||||||||||||||||||||||||||||||||||
Name |
Location |
Common Stock |
Main business |
Shares owned |
% |
Relationship |
||||||||||||||||||||||||||||||||
Gravity Interactive, Inc. |
California, USA |
USD 10,540,000 |
Online and Mobile Game Service |
290,000 |
100.00 % |
Subsidiary |
||||||||||||||||||||||||||||||||
Gravity NeoCyon, Inc. |
Seoul, Korea |
KRW 6,990,985,000
|
Mobile game development |
1,398,197 |
100.00 % |
Subsidiary |
||||||||||||||||||||||||||||||||
Gravity Communications Co., Ltd |
Taipei, Taiwan |
NTD 155,100,000 |
Online and Mobile Game Service |
15,510,000 |
100.00 % |
Subsidiary |
||||||||||||||||||||||||||||||||
PT Gravity Game Link |
Jakarta, Indonesia |
IDR 43,221,000,000 |
Online and Mobile Game Service |
3,025,470 |
70.00 % |
Subsidiary |
||||||||||||||||||||||||||||||||
Gravity Game Tech Co., Ltd. |
Bangkok, Thailand |
THB 188,049,960 |
Online and Mobile Game Service |
18,804,994 |
100.00 % |
Subsidiary |
||||||||||||||||||||||||||||||||
Gravity Game Arise Co., Ltd. |
Tokyo, Japan |
JPY 100,000,000 |
Online and Mobile Game Service |
220,000 |
100.00 % |
Subsidiary |
||||||||||||||||||||||||||||||||
Gravity Game Hub PTE., Ltd. |
Singapore |
SGD 6,819,991 |
Online and Mobile Game Service |
691,500 |
100.00 % |
Subsidiary |
||||||||||||||||||||||||||||||||
Gravity Game Vision., Ltd. |
Hong Kong |
HKD 3,900,001 |
Online and Mobile Game Service |
39,001 |
100.00 % |
Subsidiary |
||||||||||||||||||||||||||||||||
Gravity Game Unite SDN. BHD. |
Kuala Lumpur,
Malaysia
|
MYR
2,250,000
|
Online and Mobile Game Service |
22,500 |
100.00 % |
Subsidiary |
||||||||||||||||||||||||||||||||
Name |
Company |
|||||||||||||||||||
Name |
Position |
Responsibility |
||||||||||||||||||
Hyun Chul Park |
Gravity Co., Ltd. |
CEO |
Overall management |
|||||||||||||||||
Gravity NeoCyon, Inc. |
Executive Director |
Chief Operating Officer |
||||||||||||||||||
Gravity Interactive, Inc. |
President |
- |
||||||||||||||||||
Yoshinori Kitamura |
Gravity Co., Ltd. |
Executive Director |
Chief Operating Officer
Chief Compliance Officer
|
|||||||||||||||||
Gravity Interactive, Inc. |
CEO |
Overall management |
||||||||||||||||||
Gravity NeoCyon, Inc. |
CEO |
Overall management |
||||||||||||||||||
Gravity Communications Co., Ltd. |
CEO |
Overall management |
||||||||||||||||||
PT Gravity Game Link |
CEO |
Overall management |
||||||||||||||||||
Gravity Game Tech Co., Ltd. |
CEO |
Overall management |
||||||||||||||||||
Gravity Game Arise Co., Ltd. |
CEO |
Overall management |
||||||||||||||||||
Gravity Game Hub PTE., Ltd. |
CEO |
Overall management |
||||||||||||||||||
Gravity Game Vision., Ltd. |
CEO |
Overall management |
||||||||||||||||||
Gravity Game Unite Sdn. Bhd. |
CEO |
Overall management |
||||||||||||||||||
Heung Gon Kim |
Gravity Co., Ltd. |
Executive Director |
Chief Financial Officer |
|||||||||||||||||
Gravity NeoCyon, Inc. |
Executive Director |
Chief Financial Officer |
||||||||||||||||||
Gravity Interactive, Inc. |
Vice President |
- |
||||||||||||||||||
Gravity Communications Co., Ltd. |
Executive Director |
Chief Financial Officer |
||||||||||||||||||
PT Gravity Game Link |
Executive Director |
- |
||||||||||||||||||
Gravity Game Tech Co., Ltd. |
Executive Director |
- |
||||||||||||||||||
Gravity Game Arise Co., Ltd. |
Executive Director |
- |
||||||||||||||||||
Gravity Game Hub PTE., Ltd. |
Executive Director |
Chief Financial Officer |
||||||||||||||||||
Gravity Game Vision., Ltd. |
Executive Director |
Chief Financial Officer |
||||||||||||||||||
Gravity Game Unite Sdn. Bhd. |
Executive Director |
Chief Financial Officer |
||||||||||||||||||
Nature |
Related Companies |
2025 |
2024 |
|||||||||||||||||||||||
Sales |
Purchases |
Sales |
Purchase |
|||||||||||||||||||||||
Parent company |
GungHo Online Entertainment, Inc. |
21,496,477 |
16,764 |
16,550,535 |
15,946 |
|||||||||||||||||||||
Related company |
GungHo Online Entertainment America |
7,241 |
10,093 |
559 |
184,657 |
|||||||||||||||||||||
Subsidiaries |
Gravity Interactive, Inc. |
43,197,718 |
228,889 |
8,492,456 |
793,643 |
|||||||||||||||||||||
Gravity NeoCyon, Inc. |
1,007,282 |
9,471,132 |
373,127 |
8,299,769 |
||||||||||||||||||||||
Gravity Communications Co., Ltd.(*1) |
10,862,929 |
3,966,471 |
15,425,660 |
3,311,719 |
||||||||||||||||||||||
PT Gravity Game Link |
279,574 |
85,167 |
136,995 |
81,750 |
||||||||||||||||||||||
Gravity Game Tech Co., Ltd. (*1) |
15,697,644 |
— |
18,717,621 |
— |
||||||||||||||||||||||
Gravity Game Arise Co., Ltd. |
169,003 |
13,321,111 |
751,800 |
3,520,167 |
||||||||||||||||||||||
Gravity Game Hub PTE., Ltd. (*1) |
20,506,269 |
10,565 |
9,830,668 |
— |
||||||||||||||||||||||
Gravity Game Vision Limited (*1) |
32,480,048 |
— |
41,073,877 |
— |
||||||||||||||||||||||
Gravity Game Unite SDN.BHD |
1,767 |
— |
— |
— |
||||||||||||||||||||||
Total |
145,705,952 |
27,110,192 |
111,353,298 |
16,207,651 |
||||||||||||||||||||||
Nature |
Related Companies |
2025 |
2024 |
|||||||||||||||||||||||||||||
Receivables |
Payables |
Receivables |
Payables |
|||||||||||||||||||||||||||||
Parent company |
GungHo Online Entertainment, Inc. |
1,462,997 |
2,700 |
3,240,472 |
2,755 |
|||||||||||||||||||||||||||
Related company |
GungHo Online Entertainment America |
1,016 |
773 |
573 |
97,210 |
|||||||||||||||||||||||||||
Subsidiaries |
Gravity Interactive, Inc. |
4,265,138 |
43,555 |
2,210,555 |
154,346 |
|||||||||||||||||||||||||||
Gravity NeoCyon, Inc. |
654,894 |
1,135,081 |
245,600 |
1,617,933 |
||||||||||||||||||||||||||||
Gravity Communications Co., Ltd. |
766,117 |
1,173,556 |
684,193 |
889,384 |
||||||||||||||||||||||||||||
PT Gravity Game Link |
17,494 |
21,483 |
65,658 |
19,385 |
||||||||||||||||||||||||||||
Gravity Game Tech Co., Ltd. |
2,089,413 |
365,130 |
3,764,723 |
194,022 |
||||||||||||||||||||||||||||
Gravity Game Arise Co., Ltd. |
3,365,026 |
2,140,529 |
104,986 |
490,422 |
||||||||||||||||||||||||||||
Gravity Game Hub PTE., Ltd. |
1,226,749 |
19,491 |
1,377,730 |
4,213 |
||||||||||||||||||||||||||||
Gravity Game Vision Limited |
4,534,036 |
60,408 |
5,711,693 |
921 |
||||||||||||||||||||||||||||
Gravity Game Unite SDN.BHD |
81,355 |
883 |
- |
- |
||||||||||||||||||||||||||||
Total |
18,464,235 |
4,963,589 |
17,406,183 |
3,470,591 |
||||||||||||||||||||||||||||
Category |
Directors & Officers |
Developers |
Marketing/Operating |
Finance/Administration |
Total |
|||||||||||||||||||||||||||
Employees |
18 |
246 |
130 |
43 |
437 |
|||||||||||||||||||||||||||
Name |
Position |
Main work |
Transaction with the Company |
|||||||||||||||||
Hyun Chul Park |
CEO |
Chief Executive Officer |
- |
|||||||||||||||||
Yoshinori Kitamura |
Executive Director |
Chief Operating Officer
Chief Compliance Officer
|
- |
|||||||||||||||||
Heung Gon Kim |
Executive Director |
Chief Financial Officer |
- |
|||||||||||||||||
Kazuki Morishita |
Executive Director |
- |
- |
|||||||||||||||||
Kazuya Sakai |
Executive Director |
- |
- |
|||||||||||||||||
Koji Yoshida |
Executive Director |
- |
- |
|||||||||||||||||
Chung Lew |
Independent Director |
Member of audit committee |
- |
|||||||||||||||||
Yong Seon Kwon |
Independent Director |
Member of audit committee |
- |
|||||||||||||||||
Kee Woong Park |
Independent Director |
Member of audit committee |
- |
|||||||||||||||||
Hyo Eun Lim |
Independent Director |
- |
- |
|||||||||||||||||
Geum Ok Sim |
Independent Director |
- |
- |
|||||||||||||||||
December 31, 2025 |
December 31, 2024 |
||||||||||||||||
Assets |
|||||||||||||||||
Current assets |
698,512,474 |
653,609,789 |
|||||||||||||||
Cash and cash equivalents |
203,599,414 |
228,898,026 |
|||||||||||||||
Short-term financial instruments |
415,033,514 |
324,304,040 |
|||||||||||||||
Accounts receivable, net |
56,318,021 |
81,152,458 |
|||||||||||||||
Other receivable, net |
2,904,339 |
1,572,182 |
|||||||||||||||
Prepaid expenses |
13,765,956 |
8,115,292 |
|||||||||||||||
Other current financial assets |
4,332,769 |
6,601,519 |
|||||||||||||||
Other current assets |
2,558,461 |
2,966,272 |
|||||||||||||||
Non-current assets |
44,149,389 |
32,849,153 |
|||||||||||||||
Property and equipment, net |
10,770,421 |
9,957,086 |
|||||||||||||||
Intangible assets, net |
7,156,933 |
7,056,548 |
|||||||||||||||
Other non-current financial assets |
3,811,881 |
1,766,588 |
|||||||||||||||
Other non-current assets |
15,201,009 |
8,451,443 |
|||||||||||||||
Deferred tax assets |
7,209,145 |
5,617,488 |
|||||||||||||||
Total assets |
742,661,863 |
686,458,942 |
|||||||||||||||
Liabilities |
|||||||||||||||||
Current liabilities |
96,030,316 |
108,648,807 |
|||||||||||||||
Account payables |
61,926,877 |
67,929,911 |
|||||||||||||||
Deferred revenue |
21,500,469 |
26,760,732 |
|||||||||||||||
Withholdings |
1,654,977 |
1,587,759 |
|||||||||||||||
Accrued expenses |
2,596,933 |
2,651,426 |
|||||||||||||||
Income tax payable |
4,633,281 |
6,507,227 |
|||||||||||||||
Other current liabilities |
3,717,779 |
3,211,752 |
|||||||||||||||
Non-current liabilities |
9,264,786 |
9,446,676 |
|||||||||||||||
Long-term account payables |
622,745 |
220,108 |
|||||||||||||||
Long-term deferred revenue |
409,752 |
2,571,862 |
|||||||||||||||
Other non-current liabilities |
6,495,937 |
5,361,025 |
|||||||||||||||
Deferred tax liabilities |
1,736,352 |
1,293,681 |
|||||||||||||||
Total liabilities |
105,295,102 |
118,095,483 |
|||||||||||||||
Equity attributable to owners of the parent company |
636,858,430 |
567,672,221 |
|||||||||||||||
Share capital |
3,474,450 |
3,474,450 |
|||||||||||||||
Common shares |
3,474,450 |
3,474,450 |
|||||||||||||||
Capital surplus |
26,979,361 |
26,979,361 |
|||||||||||||||
Other components of equity |
25,523,046 |
23,800,551 |
|||||||||||||||
Retained earnings |
580,881,573 |
513,417,859 |
|||||||||||||||
Non-controlling interest |
508,331 |
691,238 |
|||||||||||||||
Total equity |
637,366,761 |
568,363,459 |
|||||||||||||||
Total liabilities and equity |
742,661,863 |
686,458,942 |
|||||||||||||||
2025 |
2024 |
||||||||||||||||
Revenues |
560,547,445 |
500,845,120 |
|||||||||||||||
Online games |
90,338,734 |
76,989,131 |
|||||||||||||||
Mobile games |
455,234,899 |
405,675,976 |
|||||||||||||||
Other revenue |
14,973,812 |
18,180,013 |
|||||||||||||||
Cost of revenues |
364,267,566 |
306,903,066 |
|||||||||||||||
Gross profit |
196,279,879 |
193,942,054 |
|||||||||||||||
Selling, general and administrative expenses |
117,250,377 |
107,753,364 |
|||||||||||||||
Operating Profit |
79,029,502 |
86,188,690 |
|||||||||||||||
Non-operating income and expenses |
11,909,161 |
20,158,344 |
|||||||||||||||
Financial income |
24,598,991 |
30,888,989 |
|||||||||||||||
Financial costs |
(11,056,235) |
(9,925,670) |
|||||||||||||||
Other non-operating income |
312,765 |
788,898 |
|||||||||||||||
Other non-operating expenses |
(1,946,360) |
(1,593,873) |
|||||||||||||||
Profit before income tax expense |
90,938,663 |
106,347,034 |
|||||||||||||||
Income tax expense |
23,629,334 |
21,444,826 |
|||||||||||||||
Profit for the year |
67,309,329 |
84,902,208 |
|||||||||||||||
Owners of the parent company |
67,463,714 |
84,919,277 |
|||||||||||||||
Non-controlling interests |
(154,385) |
(17,069) |
|||||||||||||||
Other comprehensive income |
1,693,971 |
19,849,638 |
|||||||||||||||
Items that may be subsequently reclassified to profit or loss |
1,670,895 |
19,825,684 |
|||||||||||||||
Foreign currency translation adjustments |
1,705,016 |
19,768,017 |
|||||||||||||||
| Non-controlling interest of foreign currency translation adjustments | (34,121) |
57,667 |
|||||||||||||||
Items that will never be reclassified to profit or loss |
23,076 |
23,954 |
|||||||||||||||
Remeasurement of defined benefit liabilities |
17,478 |
15,999 |
|||||||||||||||
Non-controlling interest of remeasurement of defined benefit liabilities |
5,598 |
7,955 |
|||||||||||||||
Total comprehensive income for the year |
69,003,300 |
104,751,846 |
|||||||||||||||
Owners of the parent company |
69,186,208 |
104,703,293 |
|||||||||||||||
Non-controlling interests |
(182,908) |
48,553 |
|||||||||||||||
Earnings per share attributable to the equity holders of the parent company |
|||||||||||||||||
Basic earnings per share |
9,709 |
12,221 |
|||||||||||||||
Diluted earnings per share |
9,709 |
12,221 |
|||||||||||||||
|
|
Share capital |
Capital surplus |
Other components of equity |
Retained Earnings |
Total |
Non-controlling
interest
|
Total
Equity
|
||||||||||||||||||||||||||||||||||
Balance at January 1, 2024 |
3,474,450 |
27,098,264 |
4,016,535 |
428,498,582 |
463,087,831 |
640,131 |
463,727,962 |
||||||||||||||||||||||||||||||||||
Total comprehensive income for the year |
|||||||||||||||||||||||||||||||||||||||||
Profit for the year |
- |
- |
— |
84,919,277 |
84,919,277 |
(17,069) |
84,902,208 |
||||||||||||||||||||||||||||||||||
Defined benefit obligation adjustments |
- |
- |
15,999 |
- |
15,999 |
7,955 |
23,954 |
||||||||||||||||||||||||||||||||||
Gain on overseas operations translation |
- |
- |
19,768,017 |
- |
19,768,017 |
57,667 |
19,825,684 |
||||||||||||||||||||||||||||||||||
| Transaction with owners | |||||||||||||||||||||||||||||||||||||||||
| Subsidiaries paid-in capital increase | - |
(13,001) |
— |
- |
(13,001) |
(3,008) |
(16,009) |
||||||||||||||||||||||||||||||||||
| Non-controlling interest exchange | - |
(105,902) |
— |
- |
(105,902) |
5,562 |
(100,340) |
||||||||||||||||||||||||||||||||||
Balance at December 31, 2024 |
3,474,450 |
26,979,361 |
23,800,551 |
513,417,859 |
567,672,221 |
691,238 |
568,363,459 |
||||||||||||||||||||||||||||||||||
Balance at January 1, 2025 |
3,474,450 |
26,979,361 |
23,800,551 |
513,417,859 |
567,672,221 |
691,238 |
568,363,459 |
||||||||||||||||||||||||||||||||||
Total comprehensive income for the year |
|||||||||||||||||||||||||||||||||||||||||
Profit for the year |
- |
- |
— |
67,463,714 |
67,463,714 |
(154,385) |
67,309,329 |
||||||||||||||||||||||||||||||||||
Defined benefit obligation adjustments |
- |
- |
17,479 |
- |
17,479 |
5,598 |
23,077 |
||||||||||||||||||||||||||||||||||
Gain on overseas operations translation |
- |
- |
1,705,016 |
- |
1,705,016 |
(34,120) |
1,670,896 |
||||||||||||||||||||||||||||||||||
Balance at December 31, 2025 |
3,474,450 |
26,979,361 |
25,523,046 |
580,881,573 |
636,858,430 |
508,331 |
637,366,761 |
||||||||||||||||||||||||||||||||||
2025 |
2024 |
||||||||||||||||
Cash flows from operating activities |
76,092,217 |
78,555,174 |
|||||||||||||||
Cash flows generated from operating activities |
86,073,208 |
95,574,035 |
|||||||||||||||
Profit for the year |
67,309,329 |
84,902,208 |
|||||||||||||||
Adjustments |
24,140,164 |
14,492,995 |
|||||||||||||||
Changes in operating assets and liabilities |
(5,376,285) |
(3,821,168) |
|||||||||||||||
Interest received |
16,550,426 |
15,053,915 |
|||||||||||||||
Interest paid |
(271,969) |
(130,027) |
|||||||||||||||
Income tax paid |
(26,259,448) |
(31,942,749) |
|||||||||||||||
Cash flows from investing activities |
(96,651,663) |
(47,034,392) |
|||||||||||||||
Cash inflow from investment activities |
54,047 |
21,836 |
|||||||||||||||
Proceeds from disposal of property and equipment |
1,503 |
6,673 |
|||||||||||||||
Decrease in other current financial assets |
8,333 |
6,667 |
|||||||||||||||
Decrease in other non-current financial assets |
44,211 |
8,496 |
|||||||||||||||
Cash outflow from investment activities |
(96,705,710) |
(47,056,228) |
|||||||||||||||
Increase in short-term financial instruments |
(89,633,165) |
(42,264,550) |
|||||||||||||||
Purchase of property and equipment |
(1,055,422) |
(613,947) |
|||||||||||||||
Purchase of intangible assets |
(5,266,047) |
(4,147,357) |
|||||||||||||||
Increase in other non-current financial assets |
(751,076) |
(30,374) |
|||||||||||||||
Cash flows from financing activities |
(4,514,664) |
(4,641,636) |
|||||||||||||||
Cash inflow from financing activities |
- |
- |
|||||||||||||||
Cash outflow from financing activities |
(4,514,664) |
(4,641,636) |
|||||||||||||||
Repayment of lease liabilities |
(4,514,664) |
(4,525,288) |
|||||||||||||||
Expense on subsidiaries share issuance |
- |
(16,009) |
|||||||||||||||
Acquisition of non-controlling interest |
- |
(100,339) |
|||||||||||||||
Effects of exchange rate changes on cash and cash equivalents |
(224,502) |
17,937,065 |
|||||||||||||||
Net increase (decrease) in cash and cash equivalents |
(25,298,612) |
44,816,211 |
|||||||||||||||
Cash and cash equivalents at beginning of the year |
228,898,026 |
184,081,815 |
|||||||||||||||
Cash and cash equivalents at end of the year |
203,599,414 |
228,898,026 |
|||||||||||||||
December 31, 2025 |
December 31, 2024 |
||||||||||||||||
Assets |
|||||||||||||||||
Current assets |
458,043,585 |
388,828,361 |
|||||||||||||||
Cash and cash equivalents |
30,553,616 |
64,263,198 |
|||||||||||||||
Short-term financial instruments |
389,000,000 |
278,000,000 |
|||||||||||||||
Accounts receivable, net |
28,536,382 |
35,651,270 |
|||||||||||||||
Other receivable, net |
3,420,324 |
3,409,219 |
|||||||||||||||
Prepaid expenses |
1,409,245 |
1,226,672 |
|||||||||||||||
Other current financial assets |
3,945,138 |
5,897,585 |
|||||||||||||||
Other current assets |
1,178,880 |
380,417 |
|||||||||||||||
Non-current assets |
81,595,914 |
73,268,527 |
|||||||||||||||
Investments in subsidiaries |
49,236,515 |
49,376,747 |
|||||||||||||||
Property and equipment, net |
4,083,804 |
5,344,496 |
|||||||||||||||
Intangible assets, net |
6,284,550 |
6,765,893 |
|||||||||||||||
Other non-current financial assets |
3,342,526 |
1,999,836 |
|||||||||||||||
Other non-current assets |
14,529,957 |
6,277,319 |
|||||||||||||||
Deferred tax assets |
4,118,562 |
3,504,236 |
|||||||||||||||
Total assets |
539,639,499 |
462,096,888 |
|||||||||||||||
Liabilities |
|||||||||||||||||
Current liabilities |
34,186,669 |
36,037,103 |
|||||||||||||||
Accounts payables |
22,950,035 |
22,597,276 |
|||||||||||||||
Deferred income |
5,589,150 |
6,027,907 |
|||||||||||||||
Withholdings |
595,152 |
829,430 |
|||||||||||||||
Accrued expenses |
1,109,202 |
1,277,685 |
|||||||||||||||
Income tax payable |
2,604,736 |
3,435,351 |
|||||||||||||||
Other current liabilities |
1,338,394 |
1,869,454 |
|||||||||||||||
Non-current liabilities |
3,978,361 |
7,406,050 |
|||||||||||||||
Long-term account payables |
622,745 |
220,108 |
|||||||||||||||
Long-term deferred revenue |
409,752 |
2,571,862 |
|||||||||||||||
Other non-current liabilities |
2,945,864 |
4,614,080 |
|||||||||||||||
Total liabilities |
38,165,030 |
43,443,153 |
|||||||||||||||
Equity |
|||||||||||||||||
Share capital |
3,474,450 |
3,474,450 |
|||||||||||||||
Common shares |
3,474,450 |
3,474,450 |
|||||||||||||||
Capital surplus |
27,482,683 |
27,482,683 |
|||||||||||||||
Retained earnings |
470,517,336 |
387,696,602 |
|||||||||||||||
Total equity |
501,474,469 |
418,653,735 |
|||||||||||||||
Total liabilities and equity |
539,639,499 |
462,096,888 |
|||||||||||||||
2025 |
2024 |
||||||||||||||||
Revenues |
186,120,945 |
179,302,825 |
|||||||||||||||
Online games |
37,920,178 |
36,477,961 |
|||||||||||||||
Mobile games |
146,024,476 |
142,121,659 |
|||||||||||||||
Other revenue |
2,176,291 |
703,205 |
|||||||||||||||
Cost of revenues |
78,629,202 |
79,520,828 |
|||||||||||||||
Gross profit |
107,491,743 |
99,781,997 |
|||||||||||||||
Selling, general and administrative expenses |
64,469,666 |
55,591,566 |
|||||||||||||||
Operating Profit |
43,022,077 |
44,190,431 |
|||||||||||||||
Non-operating income and expenses |
55,123,286 |
58,155,080 |
|||||||||||||||
Financial income |
17,972,941 |
20,047,120 |
|||||||||||||||
Financial costs |
(5,683,538) |
(5,048,084) |
|||||||||||||||
Other non-operating income |
57,115,565 |
44,145,625 |
|||||||||||||||
Other non-operating expenses |
(14,281,682) |
(989,581) |
|||||||||||||||
Profit before income tax |
98,145,363 |
102,345,511 |
|||||||||||||||
Income tax expense |
15,324,629 |
14,453,156 |
|||||||||||||||
Profit for the year |
82,820,734 |
87,892,355 |
|||||||||||||||
Other comprehensive income |
- |
- |
|||||||||||||||
Total comprehensive income for the year |
82,820,734 |
87,892,355 |
|||||||||||||||
2025 |
2024 |
||||||||||||||||
|
Confirmed disposition date:
March 27, 2026
|
Confirmed disposition date:
March 31, 2025
|
||||||||||||||||
Retained earnings before appropriation |
470,517,336 |
387,696,602 |
|||||||||||||||
Unappropriated retained earnings carried over from prior year |
387,696,602 |
299,804,247 |
|||||||||||||||
Profit for the year |
82,820,734 |
87,892,355 |
|||||||||||||||
Appropriation of retained earnings |
- |
- |
|||||||||||||||
Unappropriated retained earnings to be carried forward |
470,517,336 |
387,696,602 |
|||||||||||||||
|
|
Share capital |
Capital Surplus |
Other components of equity |
Retained Earnings |
Total |
||||||||||||||||||||||||
Balance at January 1, 2024 |
3,474,450 |
27,482,683 |
- |
299,804,247 |
330,761,380 |
||||||||||||||||||||||||
Profit for the year |
- |
- |
- |
87,892,355 |
87,892,355 |
||||||||||||||||||||||||
Balance at December 31, 2024 |
3,474,450 |
27,482,683 |
- |
387,696,602 |
418,653,735 |
||||||||||||||||||||||||
Balance at January 1, 2025 |
3,474,450 |
27,482,683 |
- |
387,696,602 |
418,653,735 |
||||||||||||||||||||||||
Profit for the year |
- |
- |
- |
82,820,734 |
82,820,734 |
||||||||||||||||||||||||
Balance at December 31, 2025 |
3,474,450 |
27,482,683 |
- |
470,517,336 |
501,474,469 |
||||||||||||||||||||||||
2025 |
2024 |
||||||||||||||||
Cash flows from operating activities |
87,541,372 |
80,267,527 |
|||||||||||||||
Cash flows generated from operating activities |
48,658,160 |
45,606,597 |
|||||||||||||||
Profit for the year |
82,820,734 |
87,892,355 |
|||||||||||||||
Adjustments |
(31,553,425) |
(35,637,197) |
|||||||||||||||
Changes in operating assets and liabilities |
(2,609,149) |
(6,648,561) |
|||||||||||||||
Interest received |
11,999,254 |
10,086,534 |
|||||||||||||||
Dividend received |
44,937,205 |
43,120,174 |
|||||||||||||||
Interest paid |
(145,197) |
(77,204) |
|||||||||||||||
Income tax paid |
(17,908,050) |
(18,468,574) |
|||||||||||||||
Cash flows from investing activities |
(119,963,144) |
(46,474,806) |
|||||||||||||||
Cash inflow from investment activities |
9,720 |
7,469 |
|||||||||||||||
Decrease in other current financial assets |
8,333 |
6,667 |
|||||||||||||||
Disposal of property and equipment |
1,387 |
802 |
|||||||||||||||
Cash outflow from investment activities |
(119,972,864) |
(46,482,275) |
|||||||||||||||
Acquisition of subsidiaries shares |
(2,682,618) |
(13,925,514) |
|||||||||||||||
Increase in short-term financial instruments |
(111,000,000) |
(29,000,000) |
|||||||||||||||
Increase in other non-current financial assets |
(600,000) |
— |
|||||||||||||||
Purchase of property and equipment |
(532,207) |
(207,306) |
|||||||||||||||
Purchase of intangible assets |
(5,158,039) |
(3,349,455) |
|||||||||||||||
Cash flows from financing activities |
(1,873,674) |
(2,069,495) |
|||||||||||||||
Cash inflow from financing activities |
— |
— |
|||||||||||||||
Cash outflow from financing activities |
(1,873,674) |
(2,069,495) |
|||||||||||||||
Repayment of lease liabilities |
(1,873,674) |
(2,069,495) |
|||||||||||||||
Effects of exchange rate changes on cash and cash equivalents |
585,864 |
382,881 |
|||||||||||||||
Net increase (decrease) in cash and cash equivalents |
(33,709,582) |
32,106,107 |
|||||||||||||||
Cash and cash equivalents at the beginning of the year |
64,263,198 |
32,157,091 |
|||||||||||||||
Cash and cash equivalents at the end of the year |
30,553,616 |
64,263,198 |
|||||||||||||||