Gravity Co., Ltd. · NASDAQ:GRVY

Gravity — Q1 2026 Earnings Presentation

36 slides from Gravity's earnings presentation, May 2026

1. Slide 1: IR Presentation

   IR PRESENTATION Investor Relations May 2026 © GRAVITY CO.,LTD. All rights reserved

2. Slide 2: Disclaimer

   These materials have been prepared by GRAVITY Co., Ltd. ("Gravity" or the "Company"). The statements contained in this presentation have not been independently verified. No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness

3. Slide 3: Contents

   1Q 2026 Financial 1Q 2026 Business 01 Operation Results Trend 17 Ragnarok OST Released on Global Music Platform 02 Revenue Breakdown 18 Participated in North American Gaming Festival 'PAX East 2026' 03 Financial Statement 19 Publishing Business of Subsidiaries 1Q 2026 Game GRAVITY Pipeline 04 Releas

4. Slide 4: Gravity Mid-to-Long Term Business Vision

   2026 GRAVITY Gravity Mid-to-Long Term Business Vision Accelerating Full-Scale Ragnarok IP Synergy Expansion based on Growth Momentum in 1Q 2026 1Q 2026 Growth Global Expansion Revenue KRW 161.9 billion Global Go-to Market! QoQ+42.7% Southeast Asia → Korea/Japan → China → Global Operating Income KRW

5. Slide 5: 1Q 2026 Financial

   1Q 2026 FINANCIAL 01 Operation Results Trend 02 Revenue Breakdown 03 Financial Statement GRAVITY INVESTOR RELATIONS May 2026 5 © GRAVITY CO.,LTD. All rights reserved

6. Slide 6: Operation Results Trend

   1Q 2026 Financial Operation Results Trend  1Q 2026 Revenue KRW 161.9 billion, Operating Profit KRW 30.8 billion  Revenue: QoQ 42.7%, YoY 17.8%, Operating Profit: QoQ 163.1%, YoY 24.7%  Top-line Growth and Profitability Improvement Driven by Ragnarok: The New World launched in Taiwan, Hong Kong an

7. Slide 7: Revenue Breakdown

   1Q 2026 Financial Revenue Breakdown Revenue Breakdown by Region Revenue Breakdown by Platforms '26 1Q 10.2% 52.2% 10.1% 27.5% '26 1Q 82.0% 16.0% 2.0% '25 4Q 17.1% 25.3% 15.3% 42.3% '25 4Q 76.0% 20.8% 3.2% '25 3Q 19.5% 32.7% 13.1% 34.7% '25 3Q 78.9% 18.7% 2.4% '25 2Q 16.4% 28.7% 11.5% 43.4% '25 2Q 84

8. Slide 8: Financial Statement

   1Q 2026 Financial Financial Statement (In millions of KRW except share and per share data) Consolidated Revenues 137,464 170,740 138,894 113,450 161,878 Income Statement (IFRS) Online games 18,806 21,971 25,968 23,594 25,906 Mobile games 115,486 144,003 109,571 86,175 132,800 Other revenues 3,172 4,

9. Slide 9: Financial Statement

   1Q 2026 Financial Financial Statement (In millions of KRW except share and per share data) Consolidated Assets 702,907 722,452 730,851 742,662 792,821 Balance Sheet (IFRS) Current Assets 669,587 686,658 697,318 698,513 727,185 Cash and cash equivalents 577,163 576,840 609,927 618,633 611,615 Account

10. Slide 10: 1Q 2026 Game: Released Games

    1Q 2026 G A M E 04 Released Games 11 Ragnarok Zero: Global (PC) 05 Ragnarok Online (PC) 12 Ragnarok: Midgard Senki (Mobile) 06 Ragnarok Origin (PC/Mobile) 13 Ragnarok: Twilight Global (Mobile) 07 Ragnarok M: Eternal Love (PC/Mobile) 14 Ragnarok Abyss (PC/Mobile) 08 Ragnarok X: Next Generation (PC/Mo

11. Slide 11: Released Games

    1Q 2026 Game Released Games Strengthening Growth Momentum in 1Q 2026 through Expanded Ragnarok IP Title Releases! Ragnarok Origin Classic Korea, Ragnarok Twilight Southeast Asia (except Vietnam) Taiwan, Hong Kong, Macau, Southeast Asia (except Vietnam)  Launching: March 26, 2026  Launching: March

12. Slide 12: Ragnarok Online (PC)

    1Q 2026 Game Ragnarok Online (PC) Ragnarok Online, Steady Service underpinned by a Solid Ragnarok IP Foundation Europe Korea North America Japan China Hong Kong Middle East Macau Taiwan Thailand Vietnam Philippines Malaysia Singapore Indonesia Ragnarok Online Serviced Regions South America, Brazil 9

13. Slide 13: Ragnarok Origin (PC/Mobile)

    1Q 2026 Game Ragnarok Origin (PC/Mobile) Ragnarok Origin Classic Planned to be Launched in North, Central, South America in 3Q 2026 Taiwan• Hong Kong• Macau Southeast Asia  FEB <Deep Sea Roulette> Event  FEB <Big Kitty Vanguard> Event  MAR <Meowring Treasure Hunt> Event  MAR <Sakura Fest: Annive

14. Slide 14: Ragnarok M: Eternal Love (PC/Mobile)

    1Q 2026 Game Ragnarok M: Eternal Love (PC/Mobile) Ragnarok M: Eternal Love, Global Service on Track with Localized Marketing Initiatives and Continuous Content Updates Europe Korea North America Japan China Hong Kong Middle East Macau Taiwan Thailand Philippines Malaysia Singapore Indonesia Ragnarok

15. Slide 15: Ragnarok X: Next Generation (PC/Mobile)

    1Q 2026 Game Ragnarok X: Next Generation (PC/Mobile) Ragnarok X: Next Generation Continues Smooth Service with Season Updates and Events Taiwan · Hong Kong · Macau Korea Japan  FEB <Adventurer Cheering Campaign> Event  FEB <War of the Chosen: International Season> Event  MAR <Duckyo Collaboration

16. Slide 16: Ragnarok M: Classic (PC/Mobile)

    1Q 2026 Game Ragnarok M: Classic (PC/Mobile) Ragnarok M: Classic will be Launched in Korea in July, 2026  Launching: July, 2026  Market: Korea  Platform: PC/Mobile  Pre-registration Schedule: May, 2026  Publisher: GRAVITY Co., Ltd.  Genre: MMORPG GRAVITY INVESTOR RELATIONS May 2026 16 © GRAVIT

17. Slide 17: Ragnarok: The New World (PC/Mobile)

    1Q 2026 Game Ragnarok: The New World (PC/Mobile) Ragnarok: The New World will be Launched in Southeast Asia (Except Vietnam) in July, 2026  Launching: July, 2026  Market: Southeast Asia (except Vietnam)  Platform: PC/Mobile  Genre: MMORPG  Publisher: GRAVITY Game Vision, Ltd. GRAVITY INVESTOR R

18. Slide 18: Ragnarok Zero: Global (PC)

    1Q 2026 Game Ragnarok Zero: Global (PC) Ragnarok Zero: Global Planned to be Launched in Southeast Asia, Europe and Oceania in 3Q 2026  Launching: 3Q 2026  Genre: MMORPG  Platform: PC  Feature: Integrated global one-build launch across 59 countries,  Publisher: GRAVITY Game Unite Sdn. Bhd. suppo

19. Slide 19: Ragnarok: Midgard Senki (Mobile)

    1Q 2026 Game Ragnarok: Midgard Senki (Mobile) Ragnarok: Midgard Senki Planned to be Launched in Taiwan, Hong Kong and Macau in 2H 2026  Launching: 2H 2026  Market: Taiwan, Hong Kong, Macau  Platform: Mobile  Genre: 2D MMORPG  Feature: Moving away from the traditional six-class system, this intr

20. Slide 20: Ragnarok: Twilight Global (Mobile)

    1Q 2026 Game Ragnarok: Twilight Global (Mobile) Ragnarok: Twilight Global will be Launched in Global (except China, Taiwan, Hong Kong, Macau, Southeast Asia, Vietnam, Korea and Japan) in 2Q 2026  Launching: 2Q 2026  Genre: MMORPG  Platform: Mobile  Pre-registration Schedule: April, 2026  Publis

21. Slide 21: Ragnarok Abyss (PC/Mobile)

    1Q 2026 Game Ragnarok Abyss (PC/Mobile) Ragnarok Abyss Planned to be Launched in Taiwan, Hong Kong, Macau and China in 2H 2026  Launching: 2H 2026  Market: Taiwan, Hong Kong, Macau, China  Platform: PC/Mobile  CBT Date: April 22, 2026 ~ April 29, 2026  CBT Market: China  Genre: MMOARPG GRAVITY

22. Slide 22: Requiem M (Mobile)

    1Q 2026 Game Requiem M (Mobile) Requiem M Planned to be Launched in Korea in 2Q 2026  Launching: 2Q 2026  Genre: MMORPG  Platform: Mobile  Pre-registration Starting Date: April 8, 2026  Publisher: GRAVITY Co., Ltd. https://rqmm.gnjoy.com/preRegister?media=lounge  Market: Korea  Feature: Requi

23. Slide 23: Hashire HEBEREKE: EX, Jaleco Arcade Collection and other PC/Console titles

    1Q 2026 Game Hashire HEBEREKE: EX/Jaleco Arcade Collection/LIGHT ODYSSEY/ Final Knight/GALVATEIN: Adventure’s Guild (PC/Console) Broadening User Base through IP Portfolio Diversification Hashire HEBEREKE: EX Jaleco Arcade Collection  Release Date: 2H 2026  Release Date: 2H 2026  Publisher: GRAVIT

24. Slide 24: 1Q 2026 Business

    1Q 2026 B U S I N E S S 17 Ragnarok OST Released on Global Music Platform 18 Participated in North American Gaming Festival 'PAX East 2026' 19 Publishing Business of Subsidiaries GRAVITY INVESTOR RELATIONS May 2026 23 © GRAVITY CO.,LTD. All rights reserved

25. Slide 25: Ragnarok OST Released on Global Music Platform

    1Q 2026 Business Ragnarok OST Released on Global Music Platform ‘Ragnarok OST’ Expanding Ragnarok IP Power via Global Streaming Platforms  Release Schedule: Sequential rollout across three phases  Content: 3 albums comprising a total of 213 tracks, beginning March 20, 2026 including key iconic the

26. Slide 26: Participated in North American Gaming Festival 'PAX East 2026'

    1Q 2026 Business Participated in North American Gaming Festival 'PAX East 2026' Accelerating North American Market Penetration with a PC/Console-Focused Title Lineup  Schedule & Venue: March 26–29, 2026 & Boston Convention & Exhibition Center, USA  Exhibited Titles: 12 PC/Console titles 'GALVATEIN

27. Slide 27: Publishing Business of Subsidiaries

    1Q 2026 Business Publishing Business of Subsidiaries GRAVITY Game Link Indonesia GRAVITY Interactive U.S.A GRAVITY Communications Taiwan GRAVITY Game Tech Thailand Dragonica Origin Ragnarok Online America Latina Ragnarok Idle Adventure Plus THE RAGNAROK was launched in Southeast Asia on July was lau

28. Slide 28: 2026 GRAVITY Pipeline

    2026 GRAVITY P I P E L I N E 20 Major Upcoming Launchings 21 Ragnarok IP Pipeline 22 Global Market Strategy 28 GRAVITY INVESTOR RELATIONS May 2026 © GRAVITY CO.,LTD. All rights reserved

29. Slide 29: Major Upcoming Launchings

    2026 GRAVITY Pipeline Major Upcoming Launchings (The launching schedule may be changed) STATUS PLATFORM GAME GENRE PLAN SCHEDULE MARKET/ REGION ● PC/Mobile Ragnarok Online 3 MMORPG Initial Launching 1Q 2027 China ● Initial Launching 2027 Global ● PC/Mobile Ragnarok M: Eternal Love 2 MMORPG Initial L

30. Slide 30: Ragnarok IP Pipeline

    2026 GRAVITY Pipeline Ragnarok IP Pipeline Ragnarok X: Ragnarok Landverse Ragnarok: Back to Glory Ragnarok: Ragnarok: Next Generation America (Ragnarok: Rebirth) The Promised Adventure Midgard Senki MMORPG MMORPG 3D MMORPG Adventure MMORPG MMORPG Ragnarok Zero: Ragnarok: Ragnarok: Twilight Ragnarok

31. Slide 31: Global Market Strategy

    2026 GRAVITY Pipeline Global Market Strategy Strategic Plan for Ragnarok IP’s Global Influence Expansion Target Global Market with various games based on Ragnarok IP through subsidiaries in Thailand, Taiwan, Indonesia, Singapore, Hong Kong, U.S.A and Malaysia Strengthen Ragnarok IP’s competitiveness

32. Slide 32: Exhibits

    Exhibits 01 Company Overview 02 Subsidiaries GRAVITY INVESTOR RELATIONS May 2026 32 © GRAVITY CO.,LTD. All rights reserved

33. Slide 33: Company Overview

    Exhibits Company Overview Date of April 4, 2000 Establishment Location GRAVITY Co., Ltd. (Korea) GRAVITY NeoCyon, Inc. (Korea) GRAVITY Communications Co., Ltd. (Taiwan) GRAVITY Interactive, Inc. (USA) GRAVITY Game Tech Co., Ltd. (Thailand) GRAVITY Interactive, Inc. LATAM (Contact Office, Brazil) GRA

34. Slide 34: Subsidiaries

    Exhibits Subsidiaries GRAVITY NeoCyon, Inc. GRAVITY Co., Ltd. GRAVITY Game Arise Co., Ltd. GRAVITY Co., Ltd. Online and Mobile Game Development Ragnarok Online Service in Korea GRAVITY Interactive, Inc. Online and Mobile Game Service in Korea IP Licensing Business GRAVITY Game Vision, Ltd. Global Bu

35. Slide 35: Contact Information

    Heung Gon Kim Chief Financial Officer Jin Lee Investor Relation Officer Jimin Park IR Assistant Manager Contact Information 15F, 396 World Cup buk-ro, Address Mapo-gu, Seoul 121-795, Korea E-mail [email protected] Tel +82 - 2 -2132 -7800 Fax +82 - 2 -2132 -7070 © GRAVITY CO.,LTD. All rights reserved

36. Slide 36: Gravity along with RAGNAROK

    Gravity along with RAGNAROK, We are dedicated to grow as a Global Leading Game Company © GRAVITY CO.,LTD. All rights reserved

Gravity — Q1 2026 Earnings Presentation on 6ix