Mgame Announces ₩2 Billion Share Buyback and Full Cancellation This Year

Source: Mgame

엠게임, 올해 20억 규모 자사주 매입 및 전량 소각 예고

Mgame (CEO Kwon Yi-hyeong) announced on the 12nd that its registered executives, including Vice President Hong Deung-ho and Director Lee Jae-chang, have each acquired ₩50 million worth of company shares to strengthen responsible management and enhance shareholder value.

According to the regulatory filing, Vice President Hong Deung-ho purchased 11360 shares and Director Lee Jae-chang purchased 11225 shares on the open market. This decision reflects the management's strong commitment to enhancing corporate value and their deep confidence in the company's sustainable growth. Mgame stated that it plans to actively consider further stock purchases by executives, taking overall market conditions into account.

Mgame has been consistently expanding its shareholder-friendly policies. The company has been paying cash dividends since 2023, most recently declaring a cash dividend of ₩222 per share for the 2025 fiscal year. Furthermore, the company has decided to buy back ₩2 billion worth of shares this year, all of which will be cancelled to boost shareholder value.

These proactive shareholder return policies are supported by stable financial performance. Mgame continues to show solid growth, recording ₩24.2 billion in revenue, ₩3.2 billion in operating profit, and ₩4.5 billion in net profit for the first quarter of this year. While overseas revenue from its flagship IPs, 'Scions of Fate' and 'Knight Online,' remains stable, the company is set to ramp up its new game lineup starting in the second half of the year.

Mgame plans to diversify its portfolio in the third quarter of this year, starting with pre-registrations for 'Ghost Soul Raising,' an idle mobile game based on its popular IP 'Ghost Soul.' The company also intends to relaunch the PC MMORPG based on the legacy IP 'Punglim Hwasan' and introduce an additional mobile publishing title.

This article was originally written in Korean and translated with the help of NC AI. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by our newsroom. [Read Original]

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