Company: DKI
Filing Date: 2025-06-13
Form Type: F-1
Source: 0001641172-25-015001
Chunk: 96

Company: DarkIris Inc.
Filing Date: 2025-06-13
Form: F-1
Chunk 96
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 which have increased daily user participation, effectively extended user lifecycles, and improved active play durations.

In summary, the significant increase in DAUs for the fiscal year ended September 30, 2024 not only reflects the effectiveness of our game products and operational strategies but also provides a solid user base for future revenue growth and product expansion. With the continued optimization of product content depth and interactive mechanisms, we expect DAU performance to have further upside potential.

Monthly Paying Users

We define Monthly Paying Users (MPU) as the number of individuals who have made at least one purchase of virtual goods on a specific platform within the 30-day period leading up to the measurement date. According to this metric, an individual who purchases virtual goods in two different games within the same 30-day period is counted as two MPUs. Similarly, an individual who makes purchases on two different platforms, such as Apple iOS or Google Play, for any of our games is counted as two MPUs. The Average MPU for a specific period is calculated by averaging the MPU for each month within that period. We believe that MPU is a useful metric to measure the monetization of our games.

|                              |     | For the Years Ended September 30, |        |     |      |        |
| Quarterly Average MPU(1)     |     |                              2024 |        |     | 2023 |        |
| Q1 (October 1 – December 31) |     |                                   |  8,684 |     |      | 13,552 |
| Q2 (January 1 – March 31)    |     |                                   | 22,449 |     |      | 19,096 |
| Q3 (April 1 – June 30)       |     |                                   | 33,491 |     |      | 15,601 |
| Q4 (July 1 – September 30)   |     |                                   | 37,029 |     |      | 14,623 |

For the fiscal year ended September 30, 2024, our quarterly Average MPU showed significant growth, increasing from 13,552 players in Q4 2023 to 37,092 players in Q4 2024. The total MPU for the fiscal year ended September 30, 2024 reached 101,653, a substantial increase of 61.8% compared to the previous fiscal year ended September 30, 2023. This growth was primarily driven by the launch