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South Korea: Grand Korea Leisure FY2025 net income jumps 42%

GKL reports stronger FY2025 earnings supported by higher foreign-player activity.

3 min read
GKL FY25
Key Points
Full-year sales rose 6.7% to KRW 422.95bn (US$319m)
Operating income increased 37.4%, while net income expanded 42.4% year-on-year
GKL attributes performance to stronger activity from key international patrons

Grand Korea Leisure (GKL) has reported improved financial results for the 2025 fiscal year, citing higher participation from major overseas patrons across its foreign-player-only casinos.

The filing, submitted to the Korea Exchange, shows renewed momentum for the operator following a year of strengthened demand and enhanced customer activity.

GKL’s full-year sales reached KRW 422.95bn, up from KRW 396.39bn in 2024. Operating income climbed to KRW 52.64bn, an increase of more than one-third, while net income reached KRW 47.07bn, marking a 42.4% rise compared with the previous year. 

The company said the uptick was largely driven by a recovery in high-value international customer segments.

The filing noted that total assets stood at KRW 651.27bn, with shareholder equity at KRW 441.45bn. Liabilities amounted to KRW 209.82bn, and GKL confirmed that there are no capital impairment risks. The Board reviewed and approved the disclosure on 21 January 2026.

The company reiterated that the improvement was linked to increased play volume among core overseas patrons, an area that continues to serve as a key revenue driver. GKL’s foreign-player-only model positions the group to benefit from sustained growth in inbound tourism and international gaming contributions.

As the operator moves into 2026, the strengthened earnings base and stable financial position are expected to support continued operational recovery and future strategic initiatives.

Good to know

The results are based on interim consolidated financial statements under K-IFRS and may be adjusted following external audit and shareholder approval

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