1. South Korea Stocks

  2. •

    Technology services

  3. •

    Packaged software
Wemade Max Co. Ltd.

Wemade Max Co. Ltd.

KKRX:101730
3,905.00
KRW
-140.00
(-3.46%)
-555.38EPS
414.17BMarket Cap
Wemade Max Co. Ltd.
KRX:101730
(Korea Stock Exchange)

Recent

price

3,905.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
3,331.34
3,224.62
3,343.95
6,179.71
3,382.39
3,071.85
3,190.52
3,251.96
2,890.68
3,011.15
4,577.38
2,301.69
2,768.34
2,112.41
2,142.02
1,792.09
1,615.6
Revenue per Share
1,038.42
729.25
-491.67
857.79
-473.04
-2,076.03
-177.39
-1,082.16
-3,858.84
-1,376.19
-1,256
-83
811
194
-271
-428
-540.43
Basic EPS, GAAP
767.8
637.88
-405.14
1,456.15
255.8
-37.04
-359.45
-921.58
-1,277.5
-852.34
-721.25
133.68
1,109.31
212.69
18.61
-364.78
-512.27
Free Cash Flow per Basic Share
123.65
- -
- -
- -
387.5
25.7
- -
- -
- -
- -
- -
- -
- -
2.04
- -
- -
- -
Dividend per Share
11,391.64
11,972.04
11,553.19
11,805.87
9,456.59
7,294.16
7,086.83
6,002.71
2,206.85
786.61
1,527.87
1,456.07
2,328.03
2,524.13
5,993.71
5,563.45
5,423.5
Book Value per Share
11,163.55
9,503.65
7,368.52
7,852.47
6,300.25
6,193.25
6,126.09
4,632.71
1,714.4
422.66
1,254.9
1,195.49
2,118.57
2,321.82
1,721.38
1,652.96
1,590.41
Tangible Book Value per Share
8
8
8
8
9
10
10
10
10
10
8
15
31
33
35
83
83
Basic Weighted Avg Shares
26,959
26,616
27,620
51,447
30,518
30,255
31,507
32,168
28,753
30,488
37,921
35,522
86,235
69,764
74,991
148,840
134,408
Sales/Revenue/Turnover
26.23
15.14
-5.87
35.19
-15.44
-26.08
-12.86
-25.9
-44.15
-35.93
-13.55
1.13
29.36
5.4
-10.79
-32.43
-45.43
Operating Margin (%)
1,358
2,108
2,995
3,694
3,808
3,379
1,778
1,803
2,846
2,904
1,623
1,989
2,264
3,315
5,165
33,741
34,104
Depreciation Expense
8,404
6,019
-4,061
7,141
-4,268
-20,447
-1,752
-10,704
-38,383
-13,934
-10,405
-1,281
25,263
6,407
-9,488
-35,547
-44,960
Net Income, GAAP
5.43
11.74
- -
29.77
- -
- -
- -
- -
- -
- -
- -
- -
7.39
- -
- -
- -
- -
Effective Tax Rate (%)
31.17
22.61
-14.7
13.88
-13.99
-67.58
-5.56
-33.28
-133.49
-45.7
-27.44
-3.61
29.3
9.18
-12.65
-23.88
-33.45
Profit Margin (%)
73,116
57,665
45,021
64,676
49,037
41,794
40,490
27,293
4,924
-6,965
20,219
21,130
70,187
24,199
130,649
113,486
117,313
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3,932
7,789
3,927
3,698
3,070
28,963
32,869
LT Debt
94,025
98,932
99,921
109,118
99,070
75,190
73,497
61,629
21,231
4,544
28,291
27,328
79,678
81,909
501,381
462,512
451,836
Total Equity
7.25
3.72
- -
12
- -
- -
- -
- -
- -
- -
- -
- -
38.06
- -
- -
- -
- -
Return on Invested Capital (%)
9.11
6.28
- -
-0.32
- -
- -
- -
- -
- -
- -
- -
- -
48.68
- -
- -
- -
- -
Return on Capital (%)
9.12
6.24
-4.18
7.43
-4.49
-24.78
-2.47
-16.53
-93.92
-91.98
-65.68
-5.53
50.8
8
-3.29
-7.42
-9.53
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
4,805
4,694
4,274
LT Borrowings
- -
- -
- -
LT Finance Leases
29,862
28,963
32,869
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
83
83
83
Market Capitalization
558,341
513,340
414,172

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
174,294
170,663
172,458
Cash, Cash Equivalents & STI
149,026
147,749
135,887
Accounts Receivable, Net
19,724
17,132
16,814
Inventories
- -
- -
- -
Total Current Liabilities
56,519
57,177
55,145
Payables & Accruals
- -
- -
- -
ST Debt
4,805
4,694
4,274
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
105.54%
139.07%
-7.75%
Free Cash Flow
-247.3%
-695.85%
-4,749.37%
Net Income, GAAP
-161.88%
-441.6%
274.67%
Sales/Revenue/Turnover
24.93%
44.66%
98.48%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17,289
18,686
18,986
20,030
74,991
2025
47,112
33,025
38,159
30,544
148,840
2026
32,680
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5
-26
-119
-130.47
-271
2025
-27.48
-170.87
-100.26
-129.38
-428
2026
-140.15
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Wemade Max Co., Ltd. (101730.KQ) develops and publishes blockchain-based gaming platforms and digital assets, with a focus on play-to-earn models and non-fungible tokens (NFTs). The company offers core products and services including the WEMIX blockchain ecosystem; WEMIX PLAY gaming platform for decentralized applications (dApps); MIR4, a massively multiplayer online role-playing game (MMORPG) with integrated NFT trading; and digital collectibles marketplace services supporting in-game economies. It operates primarily in the gaming and Web3 sectors, targeting global gamers, developers, and cryptocurrency users across Asia, North America, and Europe; founded in 2021 as a spin-off from Wemade Co., Ltd., it maintains headquarters in Seongnam, South Korea. In the last two years, Wemade Max has pursued strategic expansions including enhanced integration with the WEMIX 3.0 mainnet upgrade for improved scalability and interoperability; formation of alliances with global gaming studios for NFT co-development; and launch of new MIR4 expansions featuring advanced tokenomics and cross-chain asset transfers. The company also completed a significant funding round in 2024 to bolster AI-driven game analytics and metaverse initiatives, alongside regulatory compliance efforts in key markets like Japan and the United States. These changes position Wemade Max as a leader in blockchain gaming amid evolving Web3 regulations and market growth.