Wemade Max reported a 98.5% revenue increase in 2025, reaching 148.8 billion KRW, the company announced on the 9th. This growth was driven by the success of Mad Engine’s 'Night Crows', the mobile subculture RPG 'Lost Sword', and the global performance of the legacy IP 'Silkroad'. However, the company recorded an operating loss of 48.7 billion KRW due to increased costs from expanding development personnel, preparations for new titles, and consolidated accounting factors.

Wemade Max's revenue growth was fueled by its key titles. Since its launch in April 2023, 'Night Crows' has surpassed 650 billion KRW in cumulative global revenue. The mobile subculture RPG 'Lost Sword', released in domestic and global markets last year, also contributed to the company's expansion by maintaining stable revenue throughout the year. The company stated that this proves its capability to operate IPs based on long-term live services.

'Silkroad', the legacy IP that launched in 2005 and is now in its 22nd year, also saw an exceptional resurgence in the global market. 'Silkroad' has shown an average annual revenue growth rate of approximately 20% over the last five years, and last year, it saw a revenue increase of over 30% compared to the previous year, achieving notable results in major global markets such as China, Vietnam, and Turkey. Additionally, the casual defense game 'Devil Squad Charge!', released by LightCON last July, topped the popularity charts on the domestic Google Play and Apple App Store immediately after release, and recently reached #1 on the Japanese App Store as well.

Wemade Max plans to begin building a core studio system in earnest starting in 2026 to leap forward as a global portfolio company. As part of this strategy, One Way Ticket Studio's new PvPvE extraction shooter 'Midnight Walkers' entered Steam Early Access on January 29. Within seven days of the Early Access launch, approximately 1,000 reviews were registered on the Steam platform, with 62.2% being positive.

One Way Ticket Studio has conducted a total of five updates during the 'Midnight Walkers' Early Access period to quickly reflect user feedback. Through this, they are receiving positive reactions from global users regarding improvements in completeness. The studio plans to officially launch 'Midnight Walkers' in the third quarter of this year after continuous updates and quality enhancements, and intends to strengthen its self-development and publishing capabilities in the global indie market while expanding its Steam-based portfolio.

Wemade Max plans to continue its mid-to-long-term growth strategy by expanding its lineup of new titles across various genres starting in 2026. In the MMORPG sector, Mad Engine's 'Night Crows 2 (working title)' and Wemade Next's 'Mir 5' are preparing for launch. Both titles are currently in development with a target release in the second half of 2026. Furthermore, Wemade Max's first AAA open-world action RPG, 'Project TAL', is scheduled to be unveiled to the global market in 2027.

In the subculture genre, a new title based on Wemade Connect's 'Hundred Note' IP and 'Noah', which was first revealed at 'G-STAR 2025', are in preparation. These are female-oriented and male-oriented subculture RPGs, respectively, and are being developed with a target for official release in the fourth quarter of 2026. Mad Engine's new project organization, 'MO TF', is also developing a new subculture RPG targeting the global market. In addition, for the casual genre, a new title based on LightCON's 'Wind Runner' IP and NitroEX's hybrid RPG 'Last Valkyrie' are scheduled to be released sequentially.

Myung-seok Son, CEO of Wemade Max, stated, "2025 was a year where we confirmed both the growth of Wemade Max's scale and its portfolio competitiveness through the performance of core titles and the resurgence of legacy IPs," adding, "Starting this year, we will maximize the expertise and creativity of each studio to build a sustainable growth structure in the global market."