• Revenue of approximately KRW 163.6 billion, operating profit of approximately KRW 26.3 billion, and net profit of approximately KRW 57.4 billion

• Revenue increased approximately 40 percent quarter over quarter driven by licensing revenue from The Legend of Mir 2 and 3 in China, with operating profit returning to the black

• Legend of YMIR maintains approximately 160 thousand concurrent users following global launch

Wemade Co., Ltd. (KOSDAQ: 112040) announced its financial results for the third quarter of fiscal year 2025 on Tuesday, November 11. Based on consolidated financial statements prepared in accordance with K-IFRS, the company reported revenue of approximately KRW 163.6 billion, operating profit of approximately KRW 26.3 billion, and net profit of approximately KRW 57.4 billion.

Third quarter revenue increased approximately 40 percent compared to the previous quarter. Licensing revenue from The Legend of Mir 2 and The Legend of Mir 3 in China was the primary contributor to this performance. Cost optimization efforts also supported a return to profitability in both operating profit and net profit. Operating expenses decreased approximately 6 percent quarter over quarter.

Legend of YMIR, which launched globally in 170 countries on October 28, has maintained approximately 160 thousand concurrent users since release. The company expects user growth to accelerate with the rollout of major content updates scheduled for the end of the year, positioning the game for long-term success.

Wemade plans to release six or more new titles globally through next year, including MIR M in China, which is planned for launch later this year. The company also intends to strengthen profitability through enhanced marketing efficiency via its global blockchain gaming platform WEMIX PLAY and by introducing new business models.

Wemade Max recorded revenue of approximately KRW 38.2 billion in the third quarter of 2025, with an operating loss of approximately KRW 11.7 billion and a net loss of approximately KRW 8.7 billion. Wemade Connect will unveil its upcoming title N.O.A.H at G-Star 2025, beginning on November 13. Midnight Walkers, developed by Oneway Ticket Studio, is scheduled to enter Early Access on Steam on January 29, 2026.

<Appendix>

■ Wemade Third Quarter 2025 Earnings Summary

* K-IFRS Consolidated Basis (Unit: KRW million)

* All figures rounded to the nearest whole number.

** These earnings results are preliminary and may be subject to change following external audit review.