Ragnarok Origin Classic Official Launching in Korea, Taiwan, Hong Kong, Macau and Southeast Asia on March 26, 2026 GRAVITY (NasdaqGM: GRVY) launched Ragnarok Origin Classic on March 26, 2026 in Korea, Taiwan, Hong Kong, Macau and Southeast Asia as a multi-platform MMORPG for PC and mobile.The release preserves classic Ragnarok charm and job classes while simplifying growth mechanics and using a monthly pass system to emphasize skill and strategy.

#GRVY Ragnarok Origin Classic Official Launching in Korea, Taiwan, Hong Kong, Macau and Southeast Asia on March 26, 2026

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Ragnarok: The New World Ranked No.1 of Apple App Store in Taiwan, Hong Kong and Macau GRAVITY (NasdaqGM: GRVY) launched Ragnarok: The New World in Taiwan, Hong Kong and Macau on January 15, 2026. The title is the first open‑world MMORPG based on the Ragnarok IP and adds free exploration, a flying vehicle, offline auto‑hunting, reduced repetitive content time and monetization changes such as reduced pet draw times and lower refining costs.Since pre‑download and following launch, the game ranked #1 in free downloads on the Apple App Store in all three regions; it reached #1 in top grossing in Taiwan and Macau and #3 in top grossing in Hong Kong.

#GRVY Ragnarok: The New World Ranked No.1 of Apple App Store in Taiwan, Hong Kong and Macau

www.stocktitan.net/news/GRVY/ragnarok-the-n...

Ragnarok X: Next Generation Official Launching in France, Italy, Germany, the Middle East, Egypt and Algeria on January 14, 2026 GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that GRAVITY Game Hub PTE., Ltd. (“Gravity Game Hub”), Gravity's wholly-owned subsidiary, has officially launched

#GRVY Ragnarok X: Next Generation Official Launching in France, Italy, Germany, the Middle East, Egypt and Algeria on January 14, 2026

www.stocktitan.net/news/GRVY/ragnarok-x-nex...

Ragnarok: Rebirth was Officially Launched in China on December 25, 2025 GRAVITY (NasdaqGM: GRVY) announced that Ragnarok: Rebirth (仙境传说：重生), a 3D MMORPG mobile game, was officially launched in China on December 25, 2025. The release follows the game's receipt of an ISBN code in December 2024 and builds on prior regional success.Ragnarok: Rebirth is published in China by Guangzhou Lingxi Interactive Entertainment and is available on the Apple App Store and TapTap. The title previously ranked #1 in free downloads on Apple App Store in Thailand, Philippines, Indonesia and Malaysia, and placed in top grossing charts in Macau.

#GRVY Ragnarok: Rebirth was Officially Launched in China on December 25, 2025

www.stocktitan.net/news/GRVY/ragnarok-rebir...

Current portfolio by size (excluding various <1% positions)

Keros Therapeutics #KROS
Karelia Tobacco Company #KARE.AT
Goodheart-Willcox #GWOX
Gravity #GRVY
Playway S.A. #PLW.WA
Windrock Land Company #WRLC
OTC Markets Group #OTCM
Constellation Software #CSU.TO
[Undisclosed] arb

Gravity Reports Third Quarter of 2025 Result and Business Updates GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the third quarter ended September 30, 2025, prepared in

#GRVY Gravity Reports Third Quarter of 2025 Result and Business Updates

www.stocktitan.net/news/GRVY/gravity-report...

Ragnarok: Twilight Has Successfully Launched in Southeast Asia Gravity (Nasdaq: GRVY) launched Ragnarok: Twilight in Southeast Asia on Oct 23, 2025 via subsidiary GRAVITY Game Vision. The mobile Idle MMOARPG quickly reached top chart positions: #1 free Google Play in Thailand, Malaysia, Indonesia and Philippines, #2 in Singapore; Apple App Store top-five placements in multiple markets; and rising top grossing ranks in Thailand and the Philippines.The title previously ranked in China WeChat Mini Programs (top grossing #8 in Feb) and achieved top grossing placements after launches in Taiwan, Hong Kong and Macau, supporting the strength of the Ragnarok IP. Events and promotions are underway to mark the launch.

#GRVY Ragnarok: Twilight Has Successfully Launched in Southeast Asia

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Ragnarok: Twilight Official Launching in Southeast Asia on October 23, 2025 GRAVITY (NasdaqGM: GRVY) announced that its subsidiary GRAVITY Game Vision officially launched Ragnarok: Twilight, an Idle MMOARPG mobile game, in Southeast Asia on October 23, 2025. The game introduces a 100% equipment drop rate feature for the Ragnarok IP and is available on Google Play, Apple App Store and Huawei AppGallery across markets including Thailand, Malaysia, Singapore, Indonesia and the Philippines.Ragnarok: Twilight previously ranked #8 in top grossing on WeChat Mini Programs in China (Feb), #2 on Apple App Store in Taiwan, #6 in Macau and #8 in Hong Kong after July launches, and received positive feedback during a Southeast Asia closed beta in September.

#GRVY Ragnarok: Twilight Official Launching in Southeast Asia on October 23, 2025

www.stocktitan.net/news/GRVY/ragnarok-twili...

Current portfolio by size (excluding various <1% positions)

Karelia Tobacco Company #KARE.AT
Gravity #GRVY
Playway S.A. #PLW.WA
Goodheart-Willcox #GWOX
Windrock Land Company #WRLC
OTC Markets Group #OTCM
Constellation Software #CSU.TO
[Undisclosed] arbitrage

Ragnarok: The Promised Adventure (Tentative English Title) Officially Launched in China on September 25, 2025 Gravity (NASDAQ:GRVY) has officially launched Ragnarok: The Promised Adventure, an adventure MMORPG mobile game, in China on September 25, 2025. The game, co-developed with Kingnet Network Co., Ltd., received its ISBN code from the Chinese government in May.The new game maintains the classic elements of Ragnarok Online while introducing innovative features like a multi-character training system and automated rewards to enhance gameplay convenience. The game is available through WeChat Mini Programs, TikTok Mini Games, and APK download, with an upcoming release on the Apple App Store.

#GRVY Ragnarok: The Promised Adventure (Tentative English Title) Officially Launched in China on September 25, 2025

www.stocktitan.net/news/GRVY/ragnarok-the-p...

Ragnarok M: Classic Global Official Launching in North and South America, Europe, Middle East, Certain Regions of North Africa and Oceania on September 3, 2025 Gravity (NASDAQ:GRVY) has officially launched Ragnarok M: Classic Global, an MMORPG for both mobile and PC platforms, across multiple regions including North and South America, Europe, Middle East, parts of North Africa, and Oceania on September 3, 2025.The game features a Zeny-centered economy for fair gameplay and supports multiple languages including English, Portuguese, Spanish, and German. Following positive feedback from its August closed beta test (CBT), the game is now available for download on Google Play Store, Apple App Store, and through the official website for PC users.Ragnarok M: Classic Global aims to recreate the classic experience of Ragnarok M: Eternal Love, with various launch celebration events planned for players.

#GRVY Ragnarok M: Classic Global Official Launching in North and South America, Europe, Middle East, Certain Regions of North Africa and Oceania on September 3, 2025

www.stocktitan.net/news/GRVY/ragnarok-m-cla...

Top 8 Grossing in China: Gravity's New Ragnarok Mobile Game Launches with Hero Transformation System Gravity's Idle MMOARPG Ragnarok: Twilight launches in China across 11 Android markets. Game ranked #8 in WeChat revenue, #1 in Taiwan downloads, features new hero transformation system.

#GRVY Ragnarok: Twilight Officially Launched in China on August 15, 2025

www.stocktitan.net/news/GRVY/ragnarok-twili...

Gravity Reports Second Quarter of 2025 Results and Business Update Gravity (NASDAQ:GRVY) reported strong Q2 2025 financial results with total revenues of KRW 170,740 million (US$ 126.1M), up 24.2% QoQ and 38.9% YoY. The company's mobile game segment showed remarkable growth, with revenues increasing 24.7% QoQ to KRW 144,003 million, driven by successful launches of Ragnarok M: Classic and Ragnarok X: Next Generation in various regions.Operating profit reached KRW 19,670 million, though declining 20.5% QoQ but increasing 31.2% YoY. Net profit was KRW 13,245 million, down 39.9% QoQ but up 5.4% YoY. The company maintains strong liquidity with KRW 576,840 million in cash and equivalents.The quarter saw multiple successful game launches across regions and platforms, with significant expansion plans including new Ragnarok titles scheduled for release in various markets through 2025.

#GRVY Gravity Reports Second Quarter of 2025 Results and Business Update

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Ragnarok Crush Official Launching in Global Except for China and Japan on July 17, 2025 Gravity (NASDAQ:GRVY) has officially launched Ragnarok Crush, a Strategy Action Puzzle RPG Mobile game, globally on July 17, 2025, excluding China and Japan. The game, developed by GRAVITY Game Hub PTE. Ltd., combines the popular Ragnarok IP with a 3-match puzzle system and is available on both Google Play and Apple App Store.The game's pre-registration phase exceeded target participation numbers, while the closed beta test (CBT) in May received positive feedback for its innovative approach to the Ragnarok IP and two-player PVE content. The game features the original Ragnarok's job system and growth elements while introducing puzzle-solving mechanics for monster battles, making it accessible to casual players.

#GRVY Ragnarok Crush Official Launching in Global Except for China and Japan on July 17, 2025

www.stocktitan.net/news/GRVY/ragnarok-crush...

Dragonica Origin Official Launching in Southeast Asia on July 16, 2025 Gravity (NASDAQ:GRVY) has announced the official launch of Dragonica Origin, an MMORPG PC game, in 10 Southeast Asian regions through its Indonesian subsidiary PT Gravity Game Link on July 16, 2025.The game features a fantasy world setting with dragons and magic, offering dynamic side-scrolling combat and class-specific comic skills. Players can access the game by downloading the PC client from the official website. The company has prepared various launch celebration events and expects the game to appeal particularly to players seeking a retro-style gaming experience.

#GRVY Dragonica Origin Official Launching in Southeast Asia on July 16, 2025

www.stocktitan.net/news/GRVY/dragonica-orig...

Mobile apps revenue weekly update:

US-traded: #SGAMY still #1 with Persona5: The Phantom X release.
#IH, #GRVY complete top 3 w/ Ragnarok Dawn in TW.

World: #Thunderful Group (ST:THUNDR) Vampire's Fall 2 revenue speeding up, still too small to matter.

appinvestor.substack.com/p/mobile-rev...

Two Ragnarok IP Titles Achieved Top Game Rankings in Taiwan, Hong Kong and Macau Gravity (NASDAQ:GRVY), a developer and publisher of online and mobile games, has announced significant market success for two of its Ragnarok IP titles in Taiwan, Hong Kong, and Macau. Ragnarok: Twilight, a mobile MMORPG, achieved impressive rankings after its July 3, 2025 launch, securing the second position in Apple App Store's top grossing category in Taiwan and high rankings across other platforms and regions.Additionally, Ragnarok Zero, a PC MMORPG, ranked third on Bahamut (a major gaming community) in both overall and PC game categories. The game's launch broadcast attracted over 2,000 local viewers, with special in-game events driving high concurrent user numbers.

#GRVY Two Ragnarok IP Titles Achieved Top Game Rankings in Taiwan, Hong Kong and Macau

www.stocktitan.net/news/GRVY/two-ragnarok-i...

New Ragnarok Mobile Game Debuts With Exclusive Hero Transformation System in Asian Markets Experience the new Ragnarok mobile MMORPG featuring exclusive hero transformation system and MVP dungeons. Available now on major app stores. Get Details

#GRVY Ragnarok: Twilight Official Launching in Taiwan, Hong Kong and Macau on July 3, 2025

www.stocktitan.net/news/GRVY/ragnarok-twili...

Ragnarok Zero Makes Grand Return: Beloved MMORPG Revives Classic Gameplay with Modern Twists Experience the nostalgic world of Ragnarok with exclusive PVP maps and seasonal events. New features enhance classic gameplay in this anticipated MMORPG launch. Learn more.

#GRVY Ragnarok Zero Official Launching in Taiwan, Hong Kong and Macau on July 3, 2025

www.stocktitan.net/news/GRVY/ragnarok-zero-...

Current portfolio by size (excluding various <1% positions)

PlayWay S.A. #PLW.WA (since 2022)
Karelia Tobacco Company #KARE.AT
Gravity #GRVY
Windrock Land Company #WRLC
Goodheart-Willcox #GWOX
Constellation Software #CSU.TO (2022)
OTC Markets Group #OTCM (2020/21)

Mobile apps revenue weekly update:

US-traded: #GRVY #1 again, with M Classic Taiwan and Next Gen global going strong.
Top 5 completed by #GDEV, #IQ, #GPRO & #MTCH, no catalyst.

World: 7Road (0797 HK) keeps #1 even as new game launch revenue slows down.

appinvestor.substack.com/p/mobile-rev...

Mobile apps revenue weekly update:

US-traded: #GRVY #1, 7th week in a row now. Next Gen global release adding support to Idle Adventure & Classic: M.

World: #7Road (0797 HK) surging with a new major hit in TW/HK. To be continued.

Article: appinvestor.substack.com/p/mobile-rev...

Mobile apps revenue weekly update:

US-traded: #GRVY #1, 6th week in a row now, Idle Adventure+ adding to M Classic.
Top 5 completed by #GDEV, #WW, #GPRO no catalyst.

World: Danish #Trophy Games (CO:TGAMES) surge - not significant enough to look into.

appinvestor.substack.com/p/mobile-rev...

#GRVY release of Ragnarok Idle Adventure Plus, already hovering in top #20 for in app purchases in both TW & HK.
Meanwhile, Ragnarok M Classic is still in the top 10 money-making chart over there.

All self-published games. Trades at almost 0 EV with 90% of market cap in cash, profitable & growing.

Mobile apps revenue weekly update:
US-traded: #GRVY #1, 5th week in a row as Ragnarok M: Classic keeps on giving in TW/HK
Top 5 completed by #GDEV, #WW, #IQ, #BMBL no catalyst.

World: #Feiyu (1022.HK) has interesting momentum with "1-Step 2-Steps" game

appinvestor.substack.com/p/mobile-rev...

1 month in, Ragnarok M: Classic still top 5-10 in Taiwan (and Hong Kong!) on both Apple+Android. MUCH better than what it did in SEA (which was disappointing to me), and yet Q1 came in better than expected. That release is NET NEW revenue in Q2, too. Good stuff.
#GRVY

Well, did not expect Q1 revenue to land higher than Q4 in revenue #GRVY. Flat on net profit due to non-operational matters.
Ragnarok M: Classic did better than I accounted for in SEA. It's raging in Taiwan now, big Q2 inc...Pipeline is impressive. 2025 off to a strong start.

Gravity Reports First Quarter of 2025 Results and Business Update Gravity (GRVY) reported strong Q1 2025 financial results with total revenues of KRW 137.4B (US$93.2M), up 6% QoQ and 14.8% YoY. Operating profit reached KRW 24.7B (US$16.7M), increasing 55% QoQ but declining 8% YoY. Mobile game revenues, the company's largest segment, grew 9.4% QoQ to KRW 115.4B (US$78.3M), driven by new launches including Ragnarok M: Classic and Ragnarok Idle Adventure Plus. The company expanded its portfolio with multiple game launches across regions, including THE RAGNAROK and Ragnarok: Rebirth. Notably, Gravity established a new subsidiary in Malaysia (Gravity Game Unite) and opened its first Ragnarok Golf Monsters facility in Taipei, demonstrating geographic and business diversification.

#GRVY Gravity Reports First Quarter of 2025 Results and Business Update

www.stocktitan.net/news/GRVY/gravity-report...

Ragnarok M Classic still #5 grossing in Taiwan. Really solid start to Q2 for #GRVY. Tracking well ahead of Q1 so far.
Q1 earnings Friday - expecting lower than Q4 on revenue with 1) THE RAGNAROK loosing steam 2) Rebirth launch offsetting some, but not all.
Long-term hold.

Mobile apps revenue weekly update

- US-traded: #GRVY #1 - 3rd in a row as Ragnarok M: Classic keeps on giving in TW. Top 5 completed by #ANGH, #GDEV, #IQ #CHGG no catalyst.

- World: Mobile Factory (3912.T) #1. #Mobirix also up there. No catalyst.

appinvestor.substack.com/p/mobile-rev...