IGG (00799) Reports Interim Results with Profit Attributable to Equity Shareholders of HK$322 Million, Down 2.85% Year-on-Year

Stock News
08/27

IGG (00799) announced its interim results for the six months ended June 30, 2025, reporting revenue of HK$2.721 billion, representing a decrease of 0.51% compared to the same period last year. Profit attributable to equity shareholders reached HK$322 million, down 2.85% year-on-year. Basic earnings per share stood at HK$0.2805. The company proposed an interim dividend of HK$0.083 per share and a special dividend of HK$0.056 per share.

According to the announcement, the gaming market experienced intensified competition in the first half of 2025, but the group remained resilient and steadily advanced its diversification strategy. During the period, the group achieved revenue of HK$2.72 billion, maintaining stable performance compared to the previous year. Core gaming products "Doomsday: Last Survivors" and "Viking Rise" contributed approximately HK$520 million and HK$360 million respectively, while the APP business generated revenue of HK$530 million. These three major segments worked synergistically, driving their combined revenue share to 52%.

The group's flagship product "Lords Mobile," now in its ninth year since launch, continues to demonstrate remarkable longevity and contributed significant revenue of approximately HK$1.15 billion to the group. In terms of regional revenue distribution, Asia, Europe, and North America accounted for 42%, 35%, and 19% of total group revenue respectively.

For the first half of 2025, the group achieved profit of HK$320 million, remaining roughly flat compared to the same period last year while showing 29% growth sequentially. Marketing expenses increased by 10% year-on-year as the company deepened its cultivation of both new and existing users to extend product lifecycles. The main business profit (non-IFRS measure) contributed approximately HK$340 million, while the investment business recognized unrealized impairment of approximately HK$20 million due to fair value changes.

Looking ahead to the second half of 2025, the group will continue advancing the growth of its gaming and APP businesses while maintaining its commitment to long-term sustainable profitability. Adhering to its corporate culture of "keeping pace with the times while staying true to original aspirations," IGG will continue to deepen its research and development and operations across global markets, forging ahead with determination to create exceptional works for the mobile internet world.

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