Wemade FY 2025 Annual ReportBeta
Wemade annual report for FY 2025, filed with DART (Korea Financial Supervisory Service) on March 19, 2026. This page provides AI-powered English analysis including business overview, management discussion & analysis (MD&A), risk factors, and KIFRS consolidated financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE).
Wemade FY 2025 Annual Report Analysis
Business Overview
- • Wemade: mobile-first game + IP licensing + blockchain platform (WEMIX 3.0), with mobile revenue at 74% of consolidated KRW 614B total revenue in FY2025
- • Two major new titles launched this year: 'Legend of Imir' (domestic Feb 2025, global Oct 2025) and 'Lost Sword Global' (Jul 2025), both blockchain-integrated MMORPGs
Management Discussion & Analysis
- • Wemade FY2025 consolidated revenue KRW 614B, down 14% YoY (vs KRW 712B in 2024); OP KRW 10.7B, up 51% YoY; net loss KRW 27B vs net income KRW 182B prior year
- • Revenue decline attributed to base effect from 2024's record 'Night Crows Global' performance; OP improvement driven by consolidation of key developer Mad Engine and efficient cost execution
Risk Factors
- • USD net long position dominant FX risk: 10% KRW/USD move impacts pretax income by KRW ±20.9B, up from ±10.7B prior year
- • Total credit risk exposure KRW 792.7B (vs KRW 749.0B prior year), largest components: cash KRW 296.5B, receivables KRW 285.0B
Wemade FY 2025 Key Financial MetricsDART
Total Assets
KRW 1.75T
▼ -6.9% YoY
Operating Cash Flow
KRW 64.3B
▲ +180.1% YoY
CapEx
KRW 6.7B
▲ +340.6% YoY
Source: KIFRS consolidated financial data from Wemade annual report on DART. All figures in KRW.
Source: DART (Korea Financial Supervisory Service) · AI summaries generated from the original Korean filing (English output) · Beta: coverage is expanding