IGG Inc 2025 Interim Results

IGG Inc’s 2025 interim results highlight the company’s strategic transition toward a diversified portfolio of mobile games and application-based businesses. Operating as a global developer with a presence in over 200 countries, the group maintains a workforce of over 2,100 employees, with approximately 60% dedicated to research and development. The primary thesis centers on leveraging long-term operational expertise and AI integration to sustain mature titles while scaling newer growth engines, such as the APP Business, to ensure stable profitability.

Financial performance for the first half of 2025 shows consolidated revenue of HK$2,721 million, remaining relatively flat compared to the previous year. While revenue from core strategy titles like Lords Mobile experienced a 14% decline, this was offset by growth in newer titles such as Doomsday: Last Survivors and Viking Rise, which grew by 6% and 18% respectively. Notably, the APP Business emerged as a significant growth driver, recording a 30% revenue increase to HK$530 million. The group achieved a net profit of HK$325 million, with a net profit margin of 14%, reflecting improved operational efficiency and a gross profit margin increase to 83%.

The group’s operational strategy emphasizes the integration of AI technology across game design, art production, and targeted marketing to optimize R&D efficiency and user acquisition. With a strong liquidity position—holding approximately HK$2,500 million in cash and cash equivalents—the company continues to prioritize shareholder returns. In the first half of 2025, dividend payouts and share repurchases accounted for 61% of interim profit. Looking forward, the group intends to capitalize on the projected growth of the global mobile gaming market, which is expected to reach US$103.1 billion in 2025, by further diversifying its IP portfolio and expanding its application-based service offerings.