Mgame announced on the 15th that it recorded 24.2 billion KRW in revenue, 3.2 billion KRW in operating profit, and 4.5 billion KRW in net profit for the first quarter of 2026, based on consolidated financial statements. This represents a decrease of 10.5%, 51.0%, and 20.2% in revenue, operating profit, and net profit, respectively, compared to the same period last year.

The year-on-year decline is attributed to the base effect from the strong performance in Q1 last year, driven by channel expansions for Knight Online in North America and Europe. However, compared to the previous quarter, revenue increased by 4.3% and net profit rose by 19.5%, while operating profit decreased by 25.0%.

Mgame announced plans to secure growth momentum through business expansion this year. In the third quarter, the company will open pre-registrations for 'Ghost Soul Raising', an idle mobile game based on the IP 'Ghost Soul'. In the second half of the year, it plans to relaunch a PC MMORPG based on the legacy IP 'Punglim Hwasan' and release one mobile publishing title.

The company continues to strengthen policies to enhance shareholder value. Last year, it decided on a cash dividend of 222 KRW per share and retired all 341,303 of its treasury shares. Furthermore, on the 14th, it announced a plan to acquire 2 billion KRW worth of treasury shares for the purpose of cancellation.

Kwon Yi-hyung, CEO of Mgame, stated, "While Q1 2026 was affected by the base effect from last year's record-breaking performance, we are maintaining a stable trend with revenue growth compared to the previous quarter." He added, "We will continue to strive for shareholder value enhancement through active shareholder return policies in 2026, and further strengthen our growth momentum through new releases and global market expansion in the second half of the year."