NC (036570) Investor presentation summary

Industry overview

• Global gaming market projected to reach $196 billion in 2026, with a 3% CAGR from 2025–2028.

• Mobile, console, and PC gaming segments all forecast positive growth, with console leading at 5% CAGR.

• Korea is the fourth largest gaming market, representing 8% of global share.

Company overview

• Board consists of 7 members, emphasizing independence, diversity, and expertise.

• Ownership is diversified among management, retail, domestic/foreign institutions, and strategic partners.

• Development and publishing network spans Korea, North America, Europe, and Asia.

• Revenue growth driven by successful MMORPG launches and global expansion.

Financial highlights

• Q3 2025 sales were KRW 360.0 billion, down 6% QoQ and 10% YoY, with an operating loss of KRW 7.5 billion.

• Full-year 2024 sales reached KRW 1,578.1 billion, down 11% YoY, with an operating loss of KRW 109.2 billion.

• Net income in Q3 2025 was KRW 347.4 billion, boosted by one-time property sales and FX gains.