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Pearl Abyss Shareholder Return Plan: Burning Half of Treasury Shares and Purchasing 100 Billion KRW

AI Summary
Pearl Abyss reveals a new shareholder return strategy. The plan includes dividends and massive share cancellations. Crimson Desert is performing well with 5M units sold.
주주환원 정책 계획을 공시한 펄어비스(사진제공: 펄어비스)
▲ Image courtesy of Pearl Abyss (Image courtesy: Pearl Abyss)

Pearl Abyss has officially announced its shareholder return policy on the 9th, which includes its inaugural dividend payout alongside plans for treasury stock cancellation and acquisition.

During the annual general meeting held last March, the company hinted that dividend details would be unveiled this year, while noting that the board was weighing options for its treasury shares—ranging from employee bonuses to outright cancellation. This latest disclosure finally gives some teeth to those vague promises of boosting corporate value.

To put its money where its mouth is, the studio intends to distribute an annual dividend equal to the greater of 10 billion KRW or 10% of its net profit.

Beyond that, they are set to cancel 1,403,945 treasury shares—roughly 50% of their current holding of 2,803,945 shares. Based on the closing price as of June 8, this cancellation represents a value of approximately 54 billion KRW, or about 17.3 billion KRW in book value, with the deed scheduled for June 12. Furthermore, they are eyeing a 100 billion KRW share buyback program for the second half of 2026.

In other news, 'Crimson Desert', the action title Pearl Abyss launched on March 20, managed to shift a combined 5 million units within its first month as of April. With sales promotions in the pipeline, hitting the 10 million mark by year-end seems like a distinct possibility, promising a healthy boost to revenue and operating profit. The developers also shared in a recent note that they are busy polishing the narrative, revamping content, and cooking up some DLC.
This news was translated by AI.