Netmarble Q1 2026 Revenue KRW 651.7B, Self-Share Cancellation and Enhanced Shareholder Return Policy to 40%

Q1 2026 consolidated revenue KRW 651.7B, operating profit KRW 53.0B, controlling net income KRW 209.7B (EPS KRW 2,559).
Completed cancellation of 3,993,131 treasury shares (~4.65% of total shares) on Feb 12, 2026. Treasury shares at quarter-end dropped to 106,800.
Enhanced shareholder return policy: up to 40% of adjusted controlling net income for dividends and buybacks/cancellation for 2026-2028 (up from 30%).
Sold 880,000 shares of HYBE for KRW 320.8B and entered into a Price Return Swap contract (liquidity purpose).
Pursuing stock exchange with Netmarble Neo (scheduled July 31, 2026), expected to increase stake.
Gwacheon G-TOWN development project ongoing: construction contract KRW 325B, PF loan credit enhancement commitment KRW 436.4B.
R&D expenditure KRW 143.1B (21.95% of revenue), continued investment in AI, blockchain, etc.
Key financial indicators: total assets KRW 8.32T, liabilities KRW 2.51T, equity KRW 5.81T, cash and cash equivalents KRW 756.4B.
Litigation risk: 6 lawsuits (claim amount ~KRW 1.7B), but management expects no material impact.
Regulatory risk: strengthening of probability item disclosure rules (multiple bills proposed).

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