Wemade Play Reports Strong Q1 2026 Results, Plans Full Cancellation of Remaining Treasury Shares

Consolidated Q1 2026 revenue of KRW 32.4B, operating profit of KRW 3.4B, net profit of KRW 6.1B. Operating profit turned positive YoY.
On May 13, 2026, the board resolved to cancel all remaining 151,293 treasury shares (1.43% stake) on May 20, 2026, reducing treasury shares to zero.
On October 28, 2025, 917,508 treasury shares (8.0% stake) were canceled via profit-based cancellation, reducing total issued shares from 11,469,842 to 10,552,334.
On April 13, 2026, the largest shareholder changed from Wemix Korea Co., Ltd. to Wemade Co., Ltd., with 3,900,000 shares (36.96%) transferred at KRW 6,840 per share via block trade.
As of end-Q1 2026, consolidated cash and equivalents of KRW 48.8B, short-term financial instruments KRW 5B, and financial assets at FVTPL KRW 165.3B, totaling KRW 201.5B. Net debt is negative KRW 167B, virtually debt-free.
Following the October 2025 cancellation, stock option exercise prices and granted quantities were adjusted.
Consolidated Q1 2026 mobile game revenue KRW 26.7B (82.6%), advertising and other KRW 5.6B (17.4%). Overseas revenue share 64.2%.
Profit before tax KRW 7.9B, income tax expense KRW 1.8B (effective tax rate 22.65%). Basic EPS KRW 542.
End-Q1 2026 consolidated total liabilities KRW 52.2B, total equity KRW 283.2B. Debt-to-equity ratio 18.4%, very low.
Post-period: On May 13, 2026, the board also resolved to cancel stock options and approve transactions with Wemade Co., Ltd.

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