Smilegate maintained revenue in the ₩1 trillion range in its 2025 annual results, a year marked by corporate restructuring and a change in its fiscal year.

According to an audit report disclosed by Smilegate on the 14th, consolidated annual revenue for 2025 reached ₩1.4365 trillion, a 5.6% decrease compared to the previous year. The decline is primarily attributed to a drop in revenue across its overall game IP portfolio. While 'CrossFire,' now in its 17th year of service, continued to deliver stable results, revenue from other major IPs saw a slight decline.

Annual operating profit was ₩359.8 billion, with a net profit of ₩302.3 billion. These figures represent declines of 30.1% and 36.2%, respectively, year-over-year. The reduction in profit is linked to increased investment costs for the development of new IPs.

A Smilegate official stated, "The decline in operating and net profit was amplified by rising costs for future investments, including the development of multiple new IPs." Indeed, the audit report listed major expense items such as ₩333.672 billion in salaries, ₩167.844 billion in commissions, and ₩110.269 billion in outsourcing fees.

Despite the decrease in profitability, Smilegate ranked 5th in the domestic industry by revenue, following Nexon (₩4.5072 trillion), KRAFTON (₩3.3266 trillion), Netmarble (₩2.8351 trillion), and NCSoft (₩1.5069 trillion). In terms of operating profit, it ranked 3rd, trailing only Nexon (₩1.1765 trillion) and KRAFTON (₩1.0544 trillion).

Looking ahead, Smilegate is pinning its hopes on a lineup of new titles scheduled for release in the second half of the year. The company emphasized, "While short-term performance is difficult to predict due to various external variables, we have established a solid foundation for mid-to-long-term improvement with major anticipated titles such as 'Eclipse,' 'Lost Ark Mobile,' and 'Miraesi' preparing for launch starting in the second half of this year."

Meanwhile, as of January 1, 2026, Smilegate reorganized into an integrated corporate structure, merging its three major entities—Smilegate Holdings, Smilegate Entertainment, and Smilegate RPG—into a single company. Smilegate CEO Sung Joon-ho previously explained, "Through this corporate integration, we have built a foundation to consolidate all our capabilities and resources under a clear vision and business strategy, allowing us to move forward in a unified direction."