NXC, the holding company of the Nexon Group, has released its 2025 consolidated audit report.

NXC's 37th consolidated revenue for 2025 reached approximately ₩5.1751 trillion, a 3.8% increase from ₩4.9862 trillion the previous year. Revenue from game software development and supply grew by approximately 11.9% to ₩4.4903 trillion, up from ₩4.0845 trillion. Revenue from other business segments, including infant goods and pet supplies, fell by nearly 30% to ₩684.7 billion, compared to ₩977.7 billion in the previous year.

By segment, the gaming division recorded an operating profit of ₩1.13 trillion, while the other business segment posted an operating loss of ₩169 billion, resulting in a combined operating profit of ₩960.9 billion. This represents a decrease of approximately 17.4% from the previous year's ₩1.163 trillion.

Consolidated net profit plummeted by approximately 96.2% year-on-year to ₩85.9 billion. However, this should not be interpreted solely as a decline in operating performance. The 2024 consolidated financial statements included a large one-time gain of approximately ₩1.4485 trillion from the disposal of subsidiaries, primarily attributed to the sale of the North American business of Whitebridge Pet Brands. With this one-time gain absent in 2025, total other income dropped significantly from ₩2.1066 trillion to ₩530.8 billion.

The divestment related to Bitstamp appears to be concluding in 2025. According to the audit report, Bitstamp Ltd. and nine of its subsidiaries were removed from the consolidated scope during the fiscal year. Bitstamp Ltd. was removed due to the sale of shares, while the others were removed due to a loss of control. In June 2025, Robinhood acquired the cryptocurrency exchange Bitstamp from NXC for $200 million. However, the holding entity, Bitstamp Holdings N.V., remains a consolidated subsidiary as of the end of the fiscal year, suggesting that the full liquidation process is still underway.

Additionally, newly established entities such as Nexon HQ and Nexon HQ Hong Kong Limited have been added to the list of consolidated subsidiaries.

The status of the virtual asset NXPC was also disclosed. NXPC is a utility token for the 'MapleStory Universe (MSU)' blockchain ecosystem, with a total of 1 billion tokens issued in 2025. Excluding 3,840,417 burned tokens, the supply stands at 996,159,583. The report explicitly notes risks, stating that nearly 76.6% of the total issued tokens are currently uncirculated. It warns that "if these tokens enter circulation through additional sales, they could act as a dilutive factor for the exchange price."

Meanwhile, the gaming business itself saw growth. Online and mobile revenue rose 34.5% to ₩3.0521 trillion, up from ₩2.2689 trillion the previous year. However, royalty revenue fell 18.1% to ₩1.3935 trillion. This decline appears to have been driven by a drop in revenue from an undisclosed company listed as a 'major client (Company A),' which fell from ₩1.2873 trillion the previous year to ₩892.8 billion.