Smilegate said on April 14 that its consolidated operating profit for 2025 fell 30.1 percent from a year earlier to 359.8 billion won, according to its audit report.
Revenue fell 5.6 percent over the same period to 1.44 trillion won, and net profit dropped 36.2 percent to 302.3 billion won.
The company explained that increased costs for future investment, including developing new IP, were the main reason for the drop in profit. The audit report listed major cost items including wages of 333.7 billion won, fees of 167.8 billion won and outsourcing service costs of 110.3 billion won.
According to its disclosure, total cash dividends were 168.4 billion won, reflecting a lump-sum payment last year of 69.7 billion won for 2024 and 98.7 billion won for 2025. Smilegate said its founder, Kwon Hyuk-bin (권혁빈), the chief vision officer, holds 100 percent of the stake.
Smilegate also integrated three entities into a single corporation as of Jan. 1 this year: Smilegate Holdings, Smilegate Entertainment and Smilegate RPG.
Lee Ho-jung
lhj@d-today.co.kr