Q2 2025 Consolidated Operating Results: South Korea

DevSisters reported Q2 FY2025 consolidated operating results in South Korea, showing a 68.8 % year‑over‑year sales increase to KRW 91.98 billion and an operating profit rise of 104.4 % to KRW 10.11 billion, driven largely by the CookieRun IP and expanded non‑gaming revenue streams. Game sales accounted for 96 % of total sales, with overseas game revenue surging 176.7 % YoY to KRW 68.25 billion, while domestic game sales fell 26.9 % to KRW 20.52 billion, reflecting a strategic shift toward international markets. Merchandise, royalty and other sales grew 84.4 % YoY to KRW 3.21 billion, contributing significantly to the overall profit margin.

Cost analysis revealed operating costs increased 65.3 % YoY, largely due to higher service and advertising expenses (68.2 % and 334.9 % YoY, respectively). Labor costs remained stable, rising only 8.1 % YoY. The company’s net profit rose 63.7 % YoY to KRW 10.33 billion, with a modest QoQ growth of 1.7 %. Net income per share increased accordingly, reinforcing the company’s profitability trajectory.

Financial position improved with total assets rising from KRW 274.98 billion in Q1 FY2025 to KRW 291.28 billion in Q2, driven by a significant increase in cash and equivalents (KRW 16.36 billion) and long‑term financial assets. Total liabilities grew to KRW 115.41 billion, while equity expanded to KRW 175.87 billion, reflecting retained earnings growth of KRW 11.07 billion.

The report covers South Korean operations for Q2 FY2025, using K‑IFRS consolidated financial statements. No external audit has yet verified the figures; management cautions that results may adjust pending audit review. The company attributes performance gains to successful title updates, strategic marketing, and diversification into non‑gaming segments, positioning DevSisters as a leading global IP developer.