IMI Reports 2025 Revenue of ₩45.2 Billion and Operating Profit of ₩16.2 Billion

IMI, the operator of the online game item brokerage platform 'ItemMania,' disclosed in its audit report that it recorded ₩45.246 billion in operating revenue and ₩16.217 billion in operating profit for 2025. These figures represent a 5.9% decrease in revenue and a slight 0.3% increase in operating profit compared to the previous year's figures of ₩48.065 billion and ₩16.169 billion, respectively.

While revenue saw a slight decline, the notable takeaway lies elsewhere: the company successfully maintained an operating profit margin of 35.8% by significantly cutting operating expenses from ₩31.8 billion to ₩29 billion. In selling, general, and administrative expenses alone, the company saved approximately ₩2.6 billion, reducing costs from ₩30.4 billion to ₩27.8 billion. Reductions were observed across the board, including in salaries, sales promotion expenses, and R&D costs.

The most striking change is in the company's cash reserves. Cash and cash equivalents at the end of the year surged by 96.7%, from ₩12.2 billion the previous year to ₩24 billion. This was driven by the generation of ₩18.4 billion in cash from operating activities alone. With cash holdings now well exceeding its borrowings (₩9.9 billion), the company recorded a net debt of negative ₩14 billion, effectively entering a debt-free management phase.

In terms of capital, retained earnings grew from ₩28.8 billion to ₩39.9 billion, pushing total equity past the ₩39.9 billion mark. Total assets also grew from ₩72.2 billion to ₩81.4 billion. The fact that retained earnings increased by this margin despite a ₩3 billion dividend payout serves as proof of the company's robust profit-generating capability.

The scale of debt actually decreased, falling from ₩43.2 billion the previous year to ₩41.4 billion, while short-term borrowings were reduced from ₩11 billion to ₩9.9 billion. The debt ratio also showed significant improvement. The ratio of debt to total assets stands at 59.8%, similar to the previous year (59.9%), but the company's equity base has grown noticeably stronger.

A look at the revenue structure reveals that commission-based revenue accounts for over 97% of total operating revenue, with commission income for the period totaling ₩43.9 billion. Since its establishment in 2002, the company has focused on online game item brokerage as its core business, maintaining its headquarters in Jeonju and an office in Seoul. Currently, BNM Holdings Co., Ltd. holds a 100% stake in the company.

AI-translated from Korean by NC AI for timely global news. The Korean original prevails, and foreign quotes may vary from exact original wording. [Read Original]

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