Wemade Max

위메이드맥스 · 101730

Information Technology Software · KOSDAQ

Small-cap

Market cap US$239M (₩329.8B)

Overview

Wemade Max develops and publishes video games, operating entirely within the games business.

Players and gaming audiences are its end users, with the company sitting on the content-creation side of the gaming supply chain. Listed on KOSDAQ, Korea's tech-focused stock exchange, the company operates as a single business segment, games, and consolidates several subsidiaries, including studios and development units, under that single focus.

Summary is AI-generated and may contain errors · figures from DART filings

Financials

Source: DART · FY ending Dec · latest FY2025

Revenue · FY2025

US$107.9M

▲ +98.5% YoY

Operating profit · FY2025

−US$35.3M

Loss widened

Net income · FY2025

−US$25.9M

Loss widened

Revenue, operating profit and net income by fiscal year (USD; KRW in parentheses).
Metric	FY2023	FY2024	FY2025
Revenue	US$50.6M(₩69.8B)	US$54.3M(₩75B)	US$107.9M(₩148.8B)
Operating profit	US$2.7M(₩3.8B)	−US$5.9M(−₩8.1B)	−US$35.3M(−₩48.7B)
Net income	US$1.6M(₩2.2B)	−US$11.4M(−₩15.7B)	−US$25.9M(−₩35.8B)

Revenue

FY2023US$50.6M
FY2024US$54.3M
FY2025US$107.9M

Operating profit

FY2023US$2.7M
FY2024−US$5.9M
FY2025−US$35.3M

Net income

FY2023US$1.6M
FY2024−US$11.4M
FY2025−US$25.9M

Key ratios (FY2025)

ROE

-7.7%

Debt/Eq

22.3%

Op. margin

-32.8%

Net margin

-24.0%

Rev. YoY

▲ +98.5%

Why it matters

Wemade Max consolidates multiple subsidiaries, including Rightcon, Wemade Next, Wemade Connect, Like It Games, Nexelon, Nitrox, Mad Engine, and One Way Ticket Studio, all within a single games segment.

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