NC (036570.KS) Q1 2026: Aion 2 Ignites 22x Profit Jump to ₩113B
Aion 2 generates ₩136.8 billion in its debut quarter, vaulting NC's operating margin from 1.4% to 20.3% and completing a V-shaped recovery from FY2024's operating loss.
Source: Q1 2026 Quarterly Report (30th Fiscal Year, 1st Quarter, January 1 – March 31, 2026) — Filed with DART, May 2026 | Consolidated Financial Statements | Unit: ₩ billions
NC (formerly NCsoft, 036570.KS) posted consolidated revenue of ₩557.4 billion in Q1 2026, a 54.7% surge versus the prior-year period, while operating profit of ₩113.3 billion represented a 2,079% year-on-year leap from ₩5.2 billion. The catalyst was unambiguous: Aion 2, the company's first new MMORPG flagship in years, launched in Korea and Taiwan in November 2025, generated ₩136.8 billion in its debut quarter alone — 25% of total consolidated revenue. Net income reached ₩152.4 billion (+306.4% YoY), and the operating margin swung from 1.4% to 20.3%, completing a V-shaped recovery that represents the sharpest single-quarter profitability inflection in the company's recent history. The results serve as the first financial scorecard under NC's new corporate identity — the company formally dropped the "NCsoft" brand in March 2026, repositioning itself as a global, multi-platform game developer.
