Gamers at Heart: 2024 Annual Report

The 2024 Annual Report for IGG details a period of significant financial recovery and strategic diversification. The company reported a substantial year-on-year increase in net profit, rising to HK$582.6 million from HK$73.1 million in 2023, on total revenue of HK$5.74 billion. This growth was underpinned by the sustained performance of the flagship title Lords Mobile and the successful scaling of newer games, specifically Doomsday: Last Survivors and Viking Rise. Furthermore, the company’s APP business emerged as a critical revenue pillar, contributing HK$1.1 billion and reaching 62 million monthly active users, effectively diversifying the firm’s income streams beyond traditional gaming.

Operationally, IGG has integrated artificial intelligence across its research, development, and user acquisition processes to optimize costs and maintain a competitive edge in a market characterized by rising marketing expenses. The company maintains a robust liquidity position, holding HK$2.25 billion in cash and cash equivalents as of year-end, with no interest-bearing borrowings beyond lease liabilities. Shareholder returns remained a priority, with the company declaring total dividends of HK14.9 cents per share and executing share repurchases totaling HK$47 million.

Corporate governance and regulatory compliance remain central to the company’s global operations. IGG continues to utilize structured contracts to manage its PRC-based entities, ensuring operational control while navigating foreign investment restrictions. The board maintains a focus on diversity, succession planning, and rigorous internal risk management, including strict anti-corruption policies and data security protocols. Despite potential regulatory uncertainties regarding its Chinese operations, the company’s financial position remains stable, supported by a diversified portfolio of private equity investments and a commitment to environmental, social, and governance (ESG) standards. The report concludes that the company is well-positioned for 2025, with plans to launch three new titles and continue the optimization of its APP platform.