Netmarble cancels 4.9% of outstanding shares, raises shareholder return limit to 40%, and returns to profitability, boosting shareholder value
Netmarble completed the cancellation of 4,018,931 treasury shares (approx. 4.9% of outstanding shares) in February 2026, and plans to buy back and cancel an additional 82.8 billion KRW worth of shares to prevent dilution from a stock exchange.
In 2025, consolidated revenue reached 2.835 trillion KRW, operating profit 352.5 billion KRW, and net profit 230.8 billion KRW, marking a significant turnaround from the previous year.
The 2025 dividend was 876 won per share (total 71.8 billion KRW). The new shareholder return policy (2026-2028) increases the payout limit to 40% of adjusted controlling net profit, combining dividends and share buybacks/cancellations.
The board maintains a transparent governance structure with a majority of independent directors and five committees. Improvements include the introduction of cumulative voting (from Sep 2026) and enhanced dividend predictability.
[AI Summary]Netmarble's massive share cancellation (4.9%) and strengthened shareholder return policy (40% cap) directly boost EPS and protect against dilution, significantly enhancing long-term shareholder value. The return to profitability and solid governance improvements further support a positive outlook.