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 holds 8% of the global gaming market, ranking fourth worldwide.

Company overview

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

• Ownership is diversified among retail, domestic, foreign, and institutional investors.

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

• Revenue CAGR of 32% since 1998, driven by successful MMORPG launches and global expansion.

Financial highlights

• FY2025 revenue was KRW 1,506.9 billion, down 5% YoY; operating income at KRW 16.1 billion.

• Net income surged to KRW 347.4 billion, up 269% YoY, due to a one-time real estate sale.

• Q4 2025 revenue rose 12% QoQ to KRW 404.2 billion; operating income turned positive.