Financials Webzen Inc.

Equities

A069080

KR7069080000

Internet Services

End-of-day quote Korea S.E. Other stock markets 11/07/2025			5-day change	1st Jan Change
14,940.00 ^KRW	+4.11%		+2.33%	+8.97%

13/05	Webzen Q1 Operating Profit 8.9 Billion Won, Down 50.5% From Year Earlier	RE
10/04	Tranche Update on Webzen Inc.'s Equity Buyback Plan announced on March 17, 2025.	CI

Projected Income Statement: Webzen Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	293.7	284.8	242.1	196.3	214.7	205.8	248.7	273.8
Change	-	-3.04%	-14.97%	-18.94%	9.4%	-4.17%	20.83%	10.1%
EBITDA ¹	113.7	107.6	87.94	56.53	61.45	93	103.1	144.8
Change	-	-5.34%	-18.31%	-35.71%	8.69%	51.35%	10.86%	40.45%
EBIT ¹	108.3	103	83	49.9	54.55	49.2	64.35	73.65
Change	-	-4.86%	-19.41%	-39.88%	9.32%	-9.81%	30.79%	14.45%
Interest Paid ²	-6,186	-1,503	-4,655	-2,086	-3,112	-43,800	-26,300	-1,000
Earnings before Tax (EBT) ¹	116.1	121	105.3	71.92	71.43	66.52	86.7	93.7
Change	-	4.27%	-12.99%	-31.71%	-0.69%	-6.86%	30.33%	8.07%
Net income ¹	86.26	86.86	72.39	-	56.94	50.92	66.62	73.05
Change	-	0.7%	-16.65%	-	-	-10.56%	30.83%	9.64%
Announcement Date	03/02/21	09/02/22	16/02/23	07/02/24	12/02/25	-	-	-

¹KRW in Billions²KRW in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	60.2	107	92.57	78.02	71.61	66.42	68.73	69.85	69.59	59.56	43.14	42.79	42.5	40.36	70.65	61.47	48.05	49.16	56.07	41.55	42.8	51.3	70.1
Change	-	77.67%	-13.46%	-15.71%	-8.22%	-7.25%	3.49%	1.62%	-0.37%	-14.42%	-27.57%	-0.82%	-0.68%	-5.04%	75.07%	-12.99%	-21.84%	2.32%	14.06%	-25.89%	3%	19.86%	36.65%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	16.43	43.49	38.78	37.34	23.16	16.34	26.15	22.29	25.63	17.42	17.67	9.744	11.85	10.05	18.27	17.99	11.8	9.626	15.14	8.903	12.7	10.1	17.4
Change	-	164.71%	-10.82%	-3.71%	-37.98%	-29.45%	60.07%	-14.78%	14.98%	-32.05%	1.46%	-44.86%	21.57%	-15.2%	81.83%	-1.52%	-34.39%	-18.44%	57.23%	-41.18%	42.65%	-20.47%	72.28%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	19.96	45.13	40.37	42.85	26.73	20.7	30.76	26.45	30.2	27.39	21.28	16.82	17.29	14.46	23.35	23.71	18.51	14.1	15.11	1.892	14.6	12.2	20.6
Change	-	126.04%	-10.55%	6.15%	-37.62%	-22.58%	48.61%	-14.01%	14.17%	-9.28%	-22.32%	-20.93%	2.79%	-16.41%	61.53%	1.54%	-21.92%	-23.86%	7.21%	-87.48%	671.67%	-16.44%	68.85%
Net income ¹	14.86	33.84	30.56	31.34	18.4	14.42	22.66	18.73	20.61	18.8	14.25	12.7	13.18	11.22	20.51	20.67	13.92	10.12	12.18	1.345	11.5	9.6	16.3
Change	-	127.71%	-9.69%	2.56%	-41.3%	-21.62%	57.12%	-17.32%	10.02%	-8.8%	-24.18%	-10.9%	3.77%	-14.83%	82.74%	0.79%	-32.66%	-27.32%	20.4%	-88.96%	755.02%	-16.52%	69.79%
Announcement Date	07/08/20	06/11/20	03/02/21	07/05/21	06/08/21	05/11/21	09/02/22	09/05/22	09/08/22	04/11/22	16/02/23	11/05/23	08/08/23	08/11/23	07/02/24	08/05/24	07/08/24	07/11/24	12/02/25	11/05/25	-	-	-

¹KRW in Billions

Estimates

Forecast Balance Sheet: Webzen Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-170	-317	-258	-319	-439	-443	-504	-470
Change	-	-86.47%	18.61%	-23.64%	-37.62%	-0.84%	-13.77%	6.75%
Announcement Date	03/02/21	09/02/22	16/02/23	07/02/24	12/02/25	-	-	-

¹KRW in Billions

Estimates

Cash Flow Forecast: Webzen Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1.144	2.849	1.609	21.11	11.6	-	2.875	5.3
Change	-	149.05%	-43.54%	1,212.08%	-45.07%	-100%	-	84.35%
Free Cash Flow (FCF) ¹	1,34,285	85,303	37,764	38,889	60,843	32,250	60,733	79,000
Change	-	-36.48%	-55.73%	2.98%	56.45%	-46.99%	88.32%	30.08%
Announcement Date	03/02/21	09/02/22	16/02/23	07/02/24	12/02/25	-	-	-

¹KRW in Million

Estimates

Forecast Financial Ratios: Webzen Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	38.72%	37.8%	36.32%	28.8%	28.61%	45.19%	41.46%	52.89%
EBIT Margin (%)	36.86%	36.17%	34.28%	25.42%	25.4%	23.91%	25.88%	26.9%
EBT Margin (%)	39.52%	42.5%	43.49%	36.64%	33.26%	32.33%	34.86%	34.22%
Net margin (%)	29.37%	30.5%	29.9%	-	26.51%	24.74%	26.79%	26.68%
FCF margin (%)	45,720.63%	29,953.53%	15,595.82%	19,812.03%	28,332.32%	15,670.55%	24,422.77%	28,853.18%
FCF / Net Income (%)	1,55,681.2%	98,209.21%	52,164.88%	-	1,06,863.63%	63,328.42%	91,156.97%	1,08,145.11%
Profitability
ROA	18.03%	15%	11.47%	8.53%	7.83%	6.6%	8.02%	8.2%
ROE	21.83%	18.47%	13.45%	9.64%	8.81%	7.38%	8.98%	9.2%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	0.39%	1%	0.66%	10.75%	5.4%	-	1.16%	1.94%
CAPEX / EBITDA (%)	1.01%	2.65%	1.83%	37.34%	18.87%	-	2.79%	3.66%
CAPEX / FCF (%)	0%	0%	0%	0.05%	0.02%	-	0%	0.01%
Items per share
Cash flow per share ¹	3,430	2,904	2,302	2,305	2,460	-	-	-
Change	-	-15.32%	-20.73%	0.13%	6.72%	-	-	-
Dividend per Share ¹	-	-	-	300	370	358.8	366.2	380
Change	-	-	-	-	23.33%	-3.04%	2.09%	3.75%
Book Value Per Share ¹	14,129	16,894	19,104	21,098	22,771	21,504	23,203	23,790
Change	-	19.57%	13.08%	10.44%	7.93%	-5.57%	7.9%	2.53%
EPS ¹	2,802	2,862	2,441	1,955	1,932	1,468	1,917	2,111
Change	-	2.14%	-14.71%	-19.91%	-1.18%	-23.99%	30.56%	10.11%
Nbr of stocks (in thousands)	30,622	29,947	29,467	29,467	29,467	29,067	29,067	29,067
Announcement Date	03/02/21	09/02/22	16/02/23	07/02/24	12/02/25	-	-	-