CTW Cayman Class A ( (CTW) ) has released its Q4 earnings. Here is a breakdown of the information CTW Cayman Class A presented to its investors.
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CTW Cayman is a prominent game platform company specializing in web-based, free-to-play games inspired by popular Japanese animations, delivered through its HTML5 platform, G123.jp. The company has made a mark in the gaming industry by offering anime-based games without the need for downloads or in-game ads.
CTW Cayman recently announced its financial results for the fiscal year 2025, showcasing a significant 32% increase in revenue, reaching a record $90.4 million. This growth was bolstered by a 41% year-over-year increase in the second half of the fiscal year, driven by the successful launch of seven new games and an expansion into global markets.
Key financial highlights include a net income of $3.8 million and an adjusted EBITDA of $8.0 million. The company successfully completed an Initial Public Offering in August 2025, raising $12 million in gross proceeds. CTW’s strategic focus on scaling operations and expanding its user base beyond Japan, particularly into North America, has proven effective, with 30% of revenue now coming from outside Japan.
Despite increased advertising expenses, CTW maintained a positive return on advertisement spend, which rose to 116.4% in fiscal 2025. The company also made significant investments in R&D and personnel to enhance AI capabilities, positioning itself for future growth.
Looking ahead, CTW Cayman is optimistic about its growth prospects, with a robust pipeline of 24 new games planned for fiscal 2026. The company aims to capitalize on the growing global interest in anime and continue expanding its presence in untapped markets, particularly in North America.

