Playwith Korea플레이위드

Playwith Korea remains loss-making on a trailing basis, though its share price has rebounded over the past three months after a steep fall over the past year.

Playwith Korea, a Seoul-listed online and mobile game developer, reported trailing twelve-month revenue of ₩25.5B to H1 2026 but an operating loss of ₩5.1B and a net loss of ₩3.5B. The share price closed at ₩2,745 on 19 October 2026, up 17.1% over three months but down 41.2% over one year, and the company pays no dividend.

What stands out

• Revenue has grown from ₩14.5B in 2022 to ₩34.7B in 2025, but operating losses have persisted in every year shown except 2021.
• Trailing free cash flow is positive at ₩2.8B, while cash of ₩4.4B exceeds borrowings of ₩1.0B.
• The stock trades at about 1.3 times book value and about 1.0 times sales; price-to-earnings is not meaningful because earnings are negative.
• Foreign ownership eased slightly to 10.4% from 10.7% over 60 days, and 20-day foreign net flows were small and negative.
• Recent filings are mainly insider shareholding and 5%+ holding reports, plus the half-year report for June 2026; no news headlines were included in the data.

What to watch

• The next full-year and quarterly results, to see whether operating losses narrow from the trailing ₩5.1B.
• Performance of key titles such as Lost Saga, Seal M and Lost Saga 2, which the profile names as main revenue drivers.
• Ongoing insider and 5%+ holder filings, which may show changes in ownership.