In 2018, IGG Inc. achieved significant financial growth, reporting a 23% year-on-year revenue increase to US$748.8 million and a net profit of US$189.3 million. This performance was primarily anchored by the sustained global success of its flagship war strategy title, Lords Mobile, which accounted for over 80% of total revenue. The company maintained a robust liquidity position, ending the year with US$287.5 million in cash and no bank borrowings, while simultaneously executing a capital management strategy that included share repurchases totaling approximately US$75.7 million to enhance shareholder returns.
The company’s operational scope remained focused on the global development and distribution of mobile games, with a diversified customer base spanning Asia, North America, and Europe. To support this, IGG expanded its workforce to over 1,400 employees and continued to refine its corporate structure, including the restructuring of its Mainland China operations to ensure compliance with evolving foreign investment regulations. The firm also transitioned to updated International Financial Reporting Standards, specifically IFRS 9 and IFRS 15, which necessitated adjustments to financial asset classification and revenue recognition models.
Corporate governance and social responsibility remained central to the company’s 2018 strategy. IGG maintained a board of directors compliant with regulatory standards, supported by active audit, remuneration, and nomination committees. Beyond financial oversight, the company prioritized data privacy, intellectual property protection, and responsible gaming practices. Its commitment to sustainability and employee welfare was evidenced by the implementation of formal ESG management structures, charitable initiatives, and comprehensive professional development programs. By year-end, IGG solidified its market position as a top-tier global mobile publisher, characterized by disciplined financial management and a commitment to long-term operational transparency.
