
DRX Corporation's net profit for 2025 fell to less than ₩10 million, a significant decline from the ₩100 million recorded the previous year. While revenue increased, operating expenses rose in tandem.
According to the 2025 audit report released on the 16th, DRX posted ₩12.8 billion in revenue, a slight increase from ₩11.3 billion the year prior. Notably, team operation revenue saw a substantial jump from ₩4.1 billion to ₩7.1 billion.
Despite this revenue growth, operating profit fell to ₩360 million, less than half of the ₩820 million recorded last year. This was due to a surge of over ₩2 billion in selling, general, and administrative expenses, including travel and transportation costs (which rose from ₩100 million to ₩300 million) and commission fees (which rose from ₩4.8 billion to ₩6.4 billion). Given the nature of esports organizations, player contract costs are likely included under commission fees.
As a result, net profit for the period stood at just ₩9.88 million—a more than tenfold decrease compared to the ₩100 million reported the previous year.
Regarding assets, the company recorded a total of ₩15.9 billion, an increase from ₩14.4 billion the previous year. However, accounts receivable surged from ₩1.5 billion to ₩3.8 billion, which appears to have hindered cash flow. The increase in total liabilities from ₩1.3 billion to ₩2.8 billion was largely driven by ₩2 billion in new short-term borrowings.
Furthermore, as of 2025, the company's accumulated deficit remains substantial, with unappropriated retained earnings at -₩27.6 billion.
A notable development is that the LCK franchise fee was significantly reduced from ₩10 billion to ₩6.33 billion following a contract amendment in July 2024. The difference of ₩3.67 billion was offset, and DRX has now fully paid off the remaining balance of the franchise fee.
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