Seoul, Ko ea, Aug. 07, 2026 (GLOBE NEWSWIRE) — GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“G avity” o “Compa y”), a develope a d publishe of o li e a d mobile games based i South Ko ea, today a ou ced its u audited fi a cial esults fo the seco d qua te e ded Ju e 30, 2026, p epa ed i acco da ce with I te atio al Fi a cial Repo ti g Sta da ds as issued by the I te atio al Accou ti g Sta da ds Boa d a d busi ess updates.
•Total eve ues we e KRW 161,884 millio (US$ 104,524 thousa d), emai i g flat f om the fi st qua te e ded Ma ch 31, 2026 (“QoQ”) a d a 5.2% dec ease f om the seco d qua te e ded Ju e 30, 2025 (“YoY”).
•Ope ati g p ofit was KRW 27,582 millio (US$ 17,810 thousa d), ep ese ti g a 10.5% dec ease QoQ a d a 40.2% i c ease YoY.
•P ofit befo e i come tax expe se was KRW 32,470 millio (US$ 20,966 thousa d), ep ese ti g a 15.3% dec ease QoQ a d a 73.6% i c ease YoY.
•Net p ofit att ibutable to pa e t compa y was KRW 24,341 millio (US$ 15,717 thousa d), ep ese ti g a 17.2% dec ease QoQ a d a 83.8% i c ease YoY.
Reve ues
O li e game eve ues fo the seco d qua te of 2026 we e KRW 29,660 millio (US$ 19,151 thousa d), ep ese ti g a 14.5% i c ease QoQ f om KRW 25,906 millio a d a 35.0% i c ease YoY f om KRW 21,971 millio . The i c ease QoQ was mai ly att ibutable to i c eased eve ues f om Rag a ok O li e i Thaila d a d Rag a ok O li e Ame ica Lati a i Lati Ame ica. This i c ease was pa tially offset by dec eased eve ue f om Rag a ok O li e i Japa . The i c ease YoY was mai ly due to i c eased eve ues f om Rag a ok O li e i Thaila d, Taiwa , Ho g Ko g a d Macau. This i c ease was pa tially offset by dec eased eve ue f om Rag a ok O li e Ame ica Lati a i Lati Ame ica.
Mobile game eve ues we e KRW 128,611 millio (US$ 83,040 thousa d) fo the seco d qua te of 2026, ep ese ti g a 3.2% dec ease QoQ f om KRW 132,800 millio a d a 10.7% dec ease YoY f om KRW 144,003 millio . The dec ease QoQ was esulted by dec eased eve ues f om Rag a ok: The New Wo ld i Taiwa , Ho g Ko g a d Macau, Rag a ok: Twilight i Southeast Asia a d Rag a ok M: Classic i Southeast Asia. Such dec ease was pa tially offset by i c eased eve ue f om Rag a ok O igi Classic i Ko ea, Taiwa , Ho g Ko g, Macau a d Southeast Asia. The dec ease YoY was mai ly due to dec eased eve ues f om Rag a ok M: Classic i Taiwa , Ho g Ko g, Macau a d Southeast Asia, Rag a ok Idle Adve tu e Plus a d Rag a ok O igi . This dec ease was pa tially offset by i itial eve ues f om Rag a ok: The New Wo ld lau ched i Taiwa , Ho g Ko g a d Macau o Ja ua y 15, 2026 a d Rag a ok O igi Classic lau ched i Ko ea, Taiwa , Ho g Ko g, Macau a d Southeast Asia o Ma ch 26, 2026.
Othe eve ues we e KRW 3,613 millio (US$ 2,333 thousa d) fo the seco d qua te of 2026, ep ese ti g a 13.9% i c ease QoQ f om KRW 3,172 millio a d a 24.2% dec ease YoY f om KRW 4,766 millio .
Cost of Reve ue
Cost of eve ue was KRW 109,541 millio (US$ 70,727 thousa d) fo the seco d qua te of 2026, ep ese ti g a 0.6% dec ease QoQ f om KRW 110,224 millio a d a 3.9% dec ease YoY f om KRW 114,006 millio . The dec ease QoQ was mai ly due to dec eased sala ies. The dec ease YoY was p ima ily due to dec eased commissio s paid fo mobile game se vices elated to Rag a ok M: Classic i Taiwa , Ho g Ko g, Macau a d Southeast Asia, a d outsou ci g fee.
Ope ati g Expe ses
Ope ati g expe ses we e KRW 24,761 millio (US$ 15,987 thousa d) fo the seco d qua te of 2026, ep ese ti g a 18.9% i c ease QoQ f om KRW 20,824 millio a d a 33.2% dec ease YoY f om KRW 37,064 millio . The i c ease QoQ was mai ly due to i c eased esea ch a d developme t expe ses a d sala ies. The dec ease YoY was mai ly due to dec eased adve tisi g expe ses fo Rag a ok Idle Adve tu e Plus i Taiwa a d Southeast Asia, Rag a ok O li e Ame ica Lati a i Lati Ame ica, Nobu aga’s Ambitio : The Road to the Wo ld i Japa a d Rag a ok: Back to Glo y i Ko ea.
P ofit Befo e I come Tax Expe se
P ofit befo e i come tax expe se was KRW 32,470 millio (US$ 20,966 thousa d) fo the seco d qua te of 2026 compa ed with p ofit befo e i come tax expe se of KRW 38,325 millio fo the fi st qua te of 2026 a d p ofit befo e i come tax expe seof KRW 18,706 millio fo the seco d qua te of 2025.
Net P ofit
As a esult of the fo egoi g facto s, G avity eco ded a et p ofit att ibutable to pa e t compa y of KRW 24,341 millio (US$ 15,717 thousa d) fo the seco d qua te of 2026 compa ed with et p ofit att ibutable to pa e t compa y of KRW 29,394 millio fo the fi st qua te of 2026 a d a et p ofit att ibutable to pa e t compa y of KRW 13,245 millio fo the seco d qua te of 2025.
Liquidity
The bala ce of cash a d cash equivale ts a d sho t-te m fi a cial i st ume ts was KRW 649,231 millio (US$ 419,189 thousa d) as of Ju e 30, 2026.
Note: Fo co ve ie ce pu poses o ly, the KRW amou ts have bee exp essed i U.S. dolla s at the excha ge ate of KRW 1,548.78 to US$ 1.00, the oo buyi g ate i effect o Ju e 30, 2026 as quoted by the Fede al Rese ve Ba k of New Yo k.
•Rag a ok M: Ete al Love 2, a MMORPG Mobile a d PC game
Rag a ok M: Ete al Love 2 officially eceived a ISBN f om Chi ese gove me t o July 23, 2026.
•Rag a ok: Twilight Global, a Idle MMORPG Mobile game
Rag a ok: Twilight Global was officially lau ched i Eu ope a d No th, Ce t al a d South Ame ica o Ju e 4, 2026.
•Rag a ok: Rebi th, a 3D MMORPG Mobile game
Rag a ok: Rebi th was officially lau ched i Viet am o July 9, 2026 a d i B azil o July 16, 2026.
•Rag a ok: Rebi th Global, a 3D MMORPG Mobile game
Rag a ok: Rebi th Global was officially lau ched i No th, Ce t al a d South Ame ica (except B azil) o July 16, 2026.
•Rag a ok: The New Wo ld, a MMORPG Mobile a d PC game
Rag a ok: The New Wo ld was officially lau ched i Southeast Asia (except Viet am) o July 16, 2026, a d is p epa i g fo its lau ch i Global (except ce tai egio s).
•Rag a ok M: Classic, a MMORPG Mobile a d PC game
Rag a ok M: Classic was officially lau ched i Ko ea o July 16, 2026.
•Rag a ok O igi Classic, a MMORPG Mobile a d PC game
Rag a ok O igi Classic was officially lau ched i No th, Ce t al a d South Ame ica o July 23, 2026.
Rag a ok Ze o: Global will be lau ched i Southeast Asia, Eu ope a d Ocea ia o August 18, 2026, a d pla s to be lau ched i No th a d South Ame ica i the fou th qua te of 2026.
•Rag a ok O li e Plus, a MMORPG Mobile a d PC game
Rag a ok O li e Plus will be lau ched i Ko ea i the seco d half of 2026.
•Rag a ok: Midga d Se ki, a 2D MMORPG Mobile a d PC game
Rag a ok: Midga d Se ki will be lau ched i Taiwa , Ho g Ko g a d Macau i the seco d half of 2026, a d is u de way fo its lau ch i Southeast Asia a d Ko ea.
•Rag a ok Adve tu es, a Ve tical Idle MMORPG Mobile game
Rag a ok Adve tu es will be lau ched i Japa i the seco d half of 2026.
•Rag a ok O li e 3, a MMORPG Mobile a d PC game
Rag a ok O li e 3 is u de way fo its lau ch i Chi a a d Global withi 2027.
•Rag a ok Abyss, a MMOARPG Mobile a d PC game
Rag a ok Abyss will be lau ched i Chi a i the fi st half of 2027, followed by lau ches i Taiwa , Ho g Ko g, Macau a d Southeast Asia withi 2027. P epa atio fo its lau ch i Ko ea is u de way.
•Requiem M, a MMORPG Mobile game
Requiem M was officially lau ched i Ko ea o Ju e 30, 2026.
•D ago ica La dve se, a Actio Adve tu e MMORPG Blockchai PC game
D ago ica La dve se was officially lau ched i Thaila d o July 17, 2026.
•Hashi e HEBEREKE: EX, a Raci g a d Remake Co sole a d PC game
Hashi e HEBEREKE: EX will be lau ched i Global o Septembe 3, 2026.
•GALVATEIN: Adve tu e’s Guild, a Simulatio Co sole a d PC game
GALVATEIN: Adve tu e’s Guild will be lau ched i Global o Septembe 22, 2026.
•Jaleco A cade Collectio , a Ret o Co sole a d PC game
Jaleco A cade Collectio will be lau ched i Global i the fou th qua te of 2026.
•LIGHT ODYSSEY, a Boss Rush Actio a d Soul-like Co sole a d PC game
LIGHT ODYSSEY will be lau ched i Global i the fou th qua te of 2026.
•Fi al K ight, a Actio RPG Co sole a d PC game
Fi al K ight will be lau ched i Global withi 2027.
Rag a ok Mo ste s Magic Rush! a imatio , comp isi g 50 episodes, p emie ed o the Ca too Netwo k Ko ea TV cha el o May 6, 2026, a d was subseque tly selected as o e of the cha el’s Top 10 p og ams based o viewe ship afte its p emie e.
G avity Co., Ltd. a d its subsidia ies have completed the establishme t of a joi t ve tu e i I do esia, a d pla to establish joi t ve tu es i Thaila d a d two othe cou t ies. The Compa y aims to expa d i to ew busi ess a eas by developi g a global UGC(Use Ge e ated Co te t) platfo m a d a HTML5 gami g platfo m, a d lau chi g a outsou ci g busi ess.
G avity issued a i vesto p ese tatio . The p ese tatio co tai s the Compa y’s ece t busi ess updates, esults of the seco d qua te i 2026 a d G avity’s busi ess pla . The p ese tatio ca be fou d o the Compa y’s website u de the IR A chives sectio at https://www.g avity.co.k /e /i /updates. Ko ea a d Japa ese ve sio s of the p ese tatio a e also p ovided o the website.
Ce tai stateme ts i this p ess elease may i clude, i additio to histo ical i fo matio , “fo wa d-looki g stateme ts” withi the mea i g of the “safe-ha bo ” p ovisio s of the U.S. P ivate Secu ities Litigatio Refo m Act 1995. Fo wa d-looki g stateme ts ca ge e ally be ide tified by the use of fo wa d-looki g te mi ology, such as “may,” “will,” “expect,” “i te d,” “estimate,” “a ticipate,” “believe”, “p oject,” o “co ti ue” o the egative the eof o othe simila wo ds, although ot all fo wa d-looki g stateme ts co tai these wo ds. I vesto s should co side the i fo matio co tai ed i ou submissio s a d fili gs with the U ited States Secu ities a d Excha ge Commissio (the “SEC”), i cludi g ou a ual epo t fo the fiscal yea e ded Decembe 31, 2025 o Fo m 20-F, togethe with such othe docume ts that we may submit to o file with the SEC f om time to time, o Fo m 6-K. The fo wa d-looki g stateme ts speak o ly as of this p ess elease a d we assume o duty to update them to eflect ew, cha gi g o u a ticipated eve ts o ci cumsta ces.
Ms. Ji LeeMs. Jimi Pa kIR U itG avity Co., Ltd.Email: i @g avity.co.k Telepho e: +82-2-2132-7800
(I millio s of KRW a d thousa ds of US$)
| KRW | US$ | KRW | US$ | (audited) | (u audited) | (u audited) | (u audited) | Cu e t assets: | Cash a d cash equivale ts | 203,599 | 131,458 | 210,058 | 135,628 | Sho t-te m fi a cial i st ume ts | 415,034 | 267,975 | 439,173 | 283,561 | Accou ts eceivable, et | 56,318 | 36,363 | 76,380 | 49,316 | Othe eceivables, et | 2,904 | 1,875 | 1,175 | 759 | P epaid expe ses | 13,766 | 8,888 | 24,578 | 15,869 | Othe cu e t fi a cial assets | 4,333 | 2,798 | 5,461 | 3,526 | Othe cu e t assets | 2,559 | 1,652 | 2,087 | 1,348 | Total cu e t assets | 698,513 | 451,009 | 758,912 | 490,007 | P ope ty a d equipme t, et | 10,770 | 6,954 | 8,960 | 5,785 | I ta gible assets, et | 7,157 | 4,621 | 5,469 | 3,531 | Defe ed tax assets | 7,209 | 4,655 | 6,830 | 4,410 | Othe o -cu e t fi a cial assets | 3,812 | 2,461 | 4,075 | 2,631 | Othe o -cu e t assets | 15,201 | 9,815 | 30,829 | 19,905 | Total assets | 742,662 | 479,515 | 815,075 | 526,269 | Cu e t liabilities: | Accou ts payable | 61,927 | 39,984 | 66,926 | 43,212 | Defe ed eve ue | 21,501 | 13,883 | 21,651 | 13,979 | Withholdi gs | 1,655 | 1,069 | 1,959 | 1,265 | Acc ued expe se | 2,597 | 1,677 | 2,181 | 1,408 | I come tax payable | 4,633 | 2,991 | 9,087 | 5,867 | Othe cu e t liabilities | 3,718 | 2,401 | 3,598 | 2,323 | Total cu e t liabilities | 96,031 | 62,005 | 105,402 | 68,054 | Lo g-te m accou t payables | 623 | 402 | 623 | 402 | Lo g-te m defe ed eve ue | 410 | 265 | 1,859 | 1,200 | Defe ed tax liabilities | 1,736 | 1,121 | 1,736 | 1,121 | Othe o -cu e t liabilities | 6,496 | 4,194 | 5,172 | 3,339 | Total liabilities | 105,296 | 67,987 | 114,792 | 74,116 | Sha e capital | 3,474 | 2,243 | 3,474 | 2,243 | Capital su plus | 26,979 | 17,420 | 26,979 | 17,420 | Othe compo e ts of equity | 25,523 | 16,479 | 34,697 | 22,403 | Retai ed ea i gs | 580,882 | 375,058 | 634,617 | 409,754 | Equity att ibutable to ow e s of the Pa e t Compa y | 636,858 | 411,200 | 699,767 | 451,820 | No -co t olli g i te est | 508 | 328 | 516 | 333 | Total equity | 637,366 | 411,528 | 700,283 | 452,153 | Total liabilities a d equity | 742,662 | 479,515 | 815,075 | 526,269 |
* Fo co ve ie ce pu poses o ly, the KRW amou ts a e exp essed i U.S. dolla s at the ate of KRW 1,548.78 to US$ 1.00, the oo buyi g ate i effect o Ju e 30, 2026 as quoted by the Fede al Rese ve Ba k of New Yo k.
(I millio s of KRW a d thousa ds of US$ except fo sha e a d ADS data)
| (KRW) | (KRW) | (KRW) | (US$) | (KRW) | (KRW) | (US$) | (u audited) | (u audited) | (u audited) | (u audited) | (u audited) | (u audited) | (u audited) | Reve ues: | O li e games | 25,906 | 21,971 | 29,660 | 19,151 | 40,777 | 55,566 | 35,877 | Mobile games | 132,800 | 144,003 | 128,611 | 83,040 | 259,489 | 261,411 | 168,785 | Othe eve ue | 3,172 | 4,766 | 3,613 | 2,333 | 7,938 | 6,785 | 4,382 | Total et eve ue | 161,878 | 170,740 | 161,884 | 104,524 | 308,204 | 323,762 | 209,044 | Cost of eve ue | 110,224 | 114,006 | 109,541 | 70,727 | 201,464 | 219,765 | 141,896 | G oss p ofit | 51,654 | 56,734 | 52,343 | 33,797 | 106,740 | 103,997 | 67,148 | Ope ati g expe ses: | Selli g, ge e al a d admi ist ative expe ses | 19,609 | 33,509 | 21,131 | 13,644 | 55,368 | 40,740 | 26,305 | Resea ch a d developme t | 1,133 | 3,291 | 2,951 | 1,905 | 6,722 | 4,084 | 2,637 | Othe s, et | 82 | 264 | 679 | 438 | 250 | 761 | 491 | Total ope ati g expe ses | 20,824 | 37,064 | 24,761 | 15,987 | 62,340 | 45,585 | 29,433 | Ope ati g p ofit | 30,830 | 19,670 | 27,582 | 17,810 | 44,400 | 58,412 | 37,715 | Fi a ce i come(costs): | Fi a ce i come | 9,871 | 2,651 | 5,875 | 3,793 | 13,368 | 15,746 | 10,167 | Fi a ce costs | (2,376) | (3,615) | (987) | (637) | (10,612) | (3,363) | (2,171) | P ofit befo e i come tax | 38,325 | 18,706 | 32,470 | 20,966 | 47,156 | 70,795 | 45,711 | I come tax expe se | 8,934 | 5,486 | 8,123 | 5,245 | 11,858 | 17,057 | 11,013 | P ofit fo the yea | 29,391 | 13,220 | 24,347 | 15,721 | 35,298 | 53,738 | 34,698 | P ofit att ibutable to: | No -co t olli g i te est | (3) | (25) | 6 | 4 | 15 | 3 | 2 | Ow e s of Pa e t compa y | 29,394 | 13,245 | 24,341 | 15,717 | 35,283 | 53,735 | 34,696 | Ea i gs pe sha e | – Basic a d diluted | 4,230 | 1,906 | 3,503 | 2.26 | 5,077 | 7,733 | 4.99 | Weighted ave age umbe of sha es outsta di g | – Basic a d diluted | 6,948,900 | 6,948,900 | 6,948,900 | 6,948,900 | 6,948,900 | 6,948,900 | 6,948,900 | Ea i gs pe ADS | – Basic a d diluted | 4,230 | 1,906 | 3,503 | 2.26 | 5,077 | 7,733 | 4.99 |
* Fo co ve ie ce, the KRW amou ts a e exp essed i U.S. dolla s at the ate of KRW 1,548.78 to US$1.00, the oo buyi g ate i effect o Ju e 30, 2026 as quoted by the Fede al Rese ve Ba k of New Yo k.(1) Each ADS ep ese ts o e commo sha e.
