The success of Lies of P, Sanabi, and Brown Dust 2 has been the driving force behind Neowiz's financial performance.

Neowiz released its annual and Q4 2025 financial results on the 10th. For the full year, the company reported revenue of 432.7 billion KRW, an 18.0% increase year-on-year. Operating profit reached 60 billion KRW, while net profit hit 45.8 billion KRW, marking an 82.2% surge and a successful turnaround into the black, respectively.

Looking at the Q4 2025 figures released alongside, revenue reached 106.3 billion KRW (up 19% YoY), while operating profit stood at 4.7 billion KRW (down 32% YoY). Net profit, however, managed to pull off a turnaround to 1.9 billion KRW compared to the same period last year.

The PC and console segment was a clear highlight, generating 45.9 billion KRW—a 22% bump year-on-year. This was bolstered by Lies of P and its DLC, alongside Sanabi, which launched last September and has already surpassed 1 million units in cumulative sales. Mobile revenue also saw an 11% increase, totaling 47.7 billion KRW.

Neowiz's Q4 operating expenses hit 101.6 billion KRW, a 22.8% rise from the previous year. This was due to a 13.3% increase in labor costs, driven by year-end bonuses and the recruitment of new development talent. Additionally, the increase in variable costs associated with the success of mobile titles like Brown Dust 2 contributed to a 57.3% jump in those specific overheads.

Looking ahead to 2026, Neowiz intends to invest in narrative-driven IP to secure new titles and accelerate its global growth strategy by expanding its fandom. The company is also focusing on expanding offline fan experiences, leveraging the loyal player bases of Brown Dust 2 and DJMax Respect V. Moreover, the focus remains firmly on new development, powered by the robust pipeline built around Round8 Studio.

In line with the mid-to-long-term shareholder return policy announced last January, Neowiz has earmarked approximately 12 billion KRW—20% of its 2025 operating profit—for share buybacks, cancellations, and dividends. The precise details of this plan will be finalized during the regular shareholders' meeting this March.