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KRAFTON (259960) investor relations material
KRAFTON Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record annual revenue in 2025, reaching KRW 3,326.6bn, up 22.8% year-over-year, driven by PUBG IP growth and new IP launches, with a strategic focus on franchise IPs and a five-year growth roadmap.
Expanded production leadership, diversified the game lineup, and initiated 15 new first-party publishing projects, laying groundwork for long-term value and platform transformation.
AI capabilities are being leveraged for internal efficiency, new business opportunities, and expansion into new technology domains.
Disciplined M&A and equity investments to secure mega IPs and expand the publishing lineup.
Financial highlights
Full-year 2025 revenue reached KRW 3.3266 trillion, up 22.8% year-over-year; Q4 revenue was KRW 919.7 billion, up 48.9% year-over-year.
Operating profit declined 10.8% year-over-year to KRW 1.0544 trillion due to increased development investment and one-off costs.
Net income for FY2025 was KRW 733.7 billion, down 43.7% year-over-year; Q4 recorded a net loss of KRW 22.7 billion due to non-operating losses and impairments.
Other revenue surged 963% year-over-year to KRW 358.5 billion, mainly from ADK consolidation.
Operating expenses for FY2025 rose 48.8% to KRW 2,272.2 billion, with significant increases in personnel and paid commissions.
Outlook and guidance
Plans to accelerate PUBG's platform transformation and content expansion in 2026, with continued investment in new IPs, AI-driven innovation, and resource allocation to new title development and M&A.
Targeting KRW 7 trillion in revenue and doubling corporate value within five years.
Shareholder return policy for 2026-2028 includes over KRW 1 trillion in buybacks and dividends, up 44% from prior policy.
Marketing expenses expected to increase in 2026 due to more title launches, but remain a mid-single digit percentage of revenue.
Paid commissions likely to rise in 2026 due to increased outsourcing and new title development.
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