NC (036570) Q1 2026 earnings summary

Executive summary

• Q1 FY2026 revenue reached KRW 557.4 billion, up 55% YoY and 38% QoQ, driven by AION 2, Lineage Classic launch, and new Mobile Casual business contributions.

• Operating income was KRW 113.3 billion, up 3,389% QoQ and 2,070% YoY, with a 20% margin.

• Net income reached KRW 152.4 billion, up 563% QoQ and 499% YoY, benefiting from foreign exchange gains.

• Record-breaking PC segment performance, driven by AION 2 and Lineage Classic, with strong billings and user engagement.

• Mobile casual revenue grew with Lihuhu and Springcomes consolidation; JustPlay's integration expected to further boost growth.

Financial highlights

• Revenue: KRW 557.4 billion (+38% QoQ, +55% YoY).

• Operating income: KRW 113.3 billion (+3,389% QoQ, +2,070% YoY), margin 20%.

• Net income: KRW 152.4 billion (+563% QoQ, +499% YoY).

• PC revenue reached KRW 318.4 billion (+69% QoQ, +210% YoY); mobile revenue was KRW 182.8 billion; mobile casual contributed KRW 35.5 billion.

• JustPlay Q1 revenue grew 70% YoY to KRW 98.3 billion, with operating profit up 138% YoY to KRW 13.6 billion.

Outlook and guidance

• Confident in achieving annual revenue guidance of KRW 2.5 trillion for FY2026, with internal targets set higher.

• Expecting continued YoY and QoQ revenue and operating profit growth each quarter.

• Long-term revenue guidance of KRW 5 trillion by 2030, supported by a pipeline of 20 titles.