UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of ~~May~~August 2025

Commission File Number 000-51138

GRAVITY CoCO., ~~Ltd~~LTD.~~———————————————————————————————————————~~

————————————————————————————————————

(Translation of registrant’s name into English)

~~15F~~14F, 396 World Cup buk-ro, Mapo-gu, Seoul ~~03925~~121-795, Korea

————————————————————————————————————~~——— (Address of principal executive office)~~

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F þ Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

GRAVITY REPORTS ~~FIRST~~SECOND QUARTER OF 2025 RESULTS AND BUSINESS UPDATES

Seoul, South Korea – ~~May~~August 98, 2025 – 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 ~~first~~second quarter ended ~~March~~June 3130, 2025, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

~~FIRST~~SECOND QUARTER 2025 HIGHLIGHTS

•Total revenues were KRW ~~137~~170,~~464~~740 million (US$ 93126,~~231~~147 thousand), representing a 624.2% increase from the ~~fourth~~first quarter ended ~~December~~March 31, ~~2024~~2025 (“QoQ”) and a 1438.89% increase from the ~~first~~second quarter ended ~~March~~June 3130, 2024 (“YoY”).

•Operating profit was KRW 2419,~~730~~670 million (US$ 1614,~~772~~533 thousand), representing a 5520.5% ~~increase~~decrease QoQ and ana 831.2% ~~decrease~~increase YoY.

•Profit before income tax ~~expenses~~expense was KRW 2818,~~450~~706 million (US$ 1913,~~295~~821 thousand), representing a 1234.12% ~~increase~~decrease QoQ and a 126.57% decrease YoY.

•Net profit attributable to parent company was KRW 2213,~~038~~245 million (US$ 149,~~947~~786 thousand), representing a 439.69% decrease QoQ and ana 185.4% ~~decrease~~increase YoY.

REVIEW OF ~~FIRST~~SECOND QUARTER 2025 FINANCIAL RESULTS

Revenues

Online game revenues for the ~~first~~second quarter of 2025 were KRW 1821,~~806~~971 million (US$ 1216,~~755~~233 thousand), representing a 516.18% ~~decrease~~increase QoQ from KRW 1918,~~822~~806 million and a 413.10% increase YoY from KRW 1819,~~065~~445 million. The ~~decrease~~increase QoQ was mainly attributable to ~~decreased~~initial ~~revenues~~revenue from Ragnarok Online inAmerica ~~Thailand.~~Latina ~~Such~~launched ~~decrease~~in ~~was~~Latin ~~partially~~America ~~offset~~on byMay ~~increased~~28, ~~revenue from Ragnarok Online in Japan~~2025. The increase YoY was ~~largely~~also mainly due to ~~increased~~initial ~~revenues~~revenue from Ragnarok Online America Latina launched in ~~Thailand~~Latin ~~and~~America ~~China~~on May 28, 2025.

Mobile game revenues were KRW ~~115~~144,~~486~~003 million (US$ 78106,~~325~~393 thousand) for the ~~first~~second quarter of 2025, representing a 924.47% increase QoQ from KRW ~~105~~115,~~586~~486 million and a 1745.24% increase YoY from KRW 9899,~~548~~019 million. The increase QoQ ~~attributed~~was toresulted by initial revenues from Ragnarok M: Classic ~~which was~~ launched in ~~Southeast~~Taiwan, ~~Asia~~Hong Kong and Macau on ~~February~~April 1416, 2025 and Ragnarok ~~Idle~~X: ~~Adventure~~Next ~~Plus~~Generation launched in ~~Global~~North, ~~except~~Central ~~Taiwan,~~and ~~Hong~~South ~~Kong~~America, ~~Macau~~Oceania, ~~China~~England, ~~Korea~~Portugal, Spain and ~~Japan~~Ireland on ~~February~~May 208, 2025. Such increase was partially offset by decreased revenues from Ragnarok: Rebirth in Taiwan, Hong Kong and Macau, Ragnarok Origin in Southeast Asia, Taiwan, Hong Kong and Macau and THE RAGNAROK in Southeast Asia. The increase YoY was mainly due to initial ~~revenue~~revenues from Ragnarok M: Classic launched in ~~Southeast Asia~~Taiwan, ~~THE~~Hong ~~RAGNAROK~~Kong inand Macau on April 16, 2025 and Southeast Asia ~~launched~~ on ~~October~~February 3114, ~~2024~~2025, ~~and~~increased revenue from Ragnarok: ~~Rebirth~~Idle Adventure Plus launched in Global except Taiwan, Hong Kong, Macau, China, Korea and ~~Macau~~Japan on February 20, 2025 and initial revenue from Ragnarok X: Next Generation launched in North, Central and South America, Oceania, England, Portugal, Spain and Ireland on ~~October~~May 318, ~~2024~~2025. This increase was partially offset by decreased revenues from Ragnarok Origin in ~~Southeast Asia, Taiwan, Hong Kong and Macau and~~ North, Central and South America and Southeast Asia.

Other revenues were KRW 34,~~172~~766 million (US$ 23,~~151~~521 thousand) for the ~~first~~second quarter of 2025, representing a 2650.53% ~~decrease~~increase QoQ from KRW 43,~~315~~172 million and a 05.28% increase YoY from KRW 34,~~166~~503 million.

Cost of Revenue

Cost of revenue was KRW 87114,~~458~~006 million (US$ 5984,~~316~~231 thousand) for the ~~first~~second quarter of 2025, representing a 830.4% increase QoQ from KRW 8187,~~008~~458 million and a 1850.80% increase YoY from KRW 7376,~~628~~006 million. The increase QoQ was mainly due to ~~increased~~ commission paid for mobile game services related to Ragnarok M: Classic in ~~Southeast~~Taiwan, ~~Asia.~~Hong ~~The~~Kong ~~increase~~and ~~YoY~~Macau ~~was~~and ~~primarily due to increased commission paid for mobile game services related to~~

Ragnarok MX: ~~Classic~~Next Generation in ~~Southeast~~North, ~~Asia~~Central and South America, ~~THE~~Oceania, ~~RAGNAROK~~England, Portugal, Spain and Ireland. The increase YoY was primarily due to increased commission paid for mobile game services related to Ragnarok M: Classic in Southeast Asia, Taiwan, Hong Kong and Macau, Ragnarok: ~~Rebirth~~Idle Adventure Plus in Global except Taiwan, Hong Kong, Macau, China, Korea and ~~Macau~~Japan and Ragnarok X: Next Generation in North, Central and South America, Oceania, England, Portugal, Spain and Ireland.

Operating Expenses

Operating expenses were KRW 2537,~~276~~064 million (US$ 1727,~~143~~383 thousand) for the ~~first~~second quarter of 2025, representing a 2246.96% ~~decrease~~increase QoQ from KRW 3225,~~765~~276 million and a 3115.19% increase YoY from KRW 1931,~~282~~972 million. The ~~decrease~~increase QoQ was mainly due to ~~decreased~~increased advertising expenses for ~~THE~~Ragnarok ~~RAGNAROK~~Online America Latina in ~~Southeast~~Latin ~~Asia~~America, Nobunaga's Ambition: The Road to the World (Tentative English Title) in Japan, Ragnarok Idle Adventure Plus in Taiwan, Hong Kong and ~~salaries~~Macau and Ragnarok: Back to Glory in Korea. The increase YoY was also mainly due to increased advertising expenses for Ragnarok Online America Latina in Latin America, Ragnarok Idle Adventure Plus in Global, ~~Ragnarok~~Taiwan, V:Hong ~~Returns~~Kong inand ~~Thailand~~Macau, ~~Indonesia~~Nobunaga's ~~and~~Ambition: ~~Philippines~~The ~~and~~Road ~~Ragnarok~~to ~~Begins~~the inWorld ~~Taiwan,~~(Tentative ~~Hong~~English ~~Kong~~Title) in Japan and ~~Macau~~Ragnarok: Back to Glory in Korea.

Profit Before Income Tax ~~Expenses~~Expense

Profit before income tax ~~expenses~~expense was KRW 2818,~~450~~706 million (US$ 1913,~~295~~821 thousand) for the ~~first~~second quarter of 2025 compared with profit before income tax expense of KRW 2528,~~377~~450 million for the ~~fourth~~first quarter of ~~2024~~2025 and profit before income tax ~~expenses of KRW 32,498 million for the first quarter of 2024.~~ expense

of KRW 20,057 million for the second quarter of 2024.

Net Profit

As a result of the foregoing factors, Gravity recorded a net profit attributable to parent company of KRW 2213,~~038~~245 million (US$ 149,~~947~~786 thousand) for the ~~first~~second quarter of 2025 compared with net profit attributable to parent company of KRW 2322,~~099~~038 million for the ~~fourth~~first quarter of ~~2024~~2025 and a net profit attributable to parent company of KRW 2612,~~866~~569 million for the ~~first~~second quarter of 2024.

Liquidity

The balance of cash and cash equivalents and short-term financial instruments was KRW ~~577~~576,~~163~~840 million (US$ ~~391~~426,~~446~~184 thousand) as of ~~March~~June 3130, 2025.

Note: For convenience purposes only, the KRW amounts have been expressed in U.S. dollars at the exchange rate of KRW 1,~~474~~353.4450 to US$ 1.00, the noon buying rate in effect on ~~March~~June 3130, 2025 as quoted by the Federal Reserve Bank of New York.

GRAVITY BUSINESS UPDATES

Ragnarok Online IP-based Games

•Ragnarok M: ~~Classic~~The Promised Adventure (Tentative English Title), an Idle MMORPG Mobile ~~game~~and WeChat Mini Programs game

Ragnarok M: ~~Classic~~The ~~was~~Promised Adventure (Tentative English Title, Chinese title: 仙境传说之约定好的冒险) officially ~~launched~~received inan ~~Southeast~~ISBN ~~Asia~~from Chinese government on ~~February~~May 1421, 2025, and ~~Taiwan,~~will ~~Hong~~be ~~Kong~~launched ~~and~~in ~~Macau~~China on ~~April~~October 161, 2025.

•Ragnarok Idle Adventure Plus, a Vertical Idle MMORPG Mobile game

Ragnarok Idle Adventure Plus was launched in Global except for Taiwan, Hong Kong, Macau, China, Korea and Japan on February 20, 2025 and is underway for its launch in Taiwan, Hong Kong and Macau in the second quarter of 2025 and Korea in the second half of 2025.

•Ragnarok X: Next Generation, an MMORPG Mobile and PC game

Ragnarok X: Next Generation was officially launched in North, Central and South America, Oceania, England, Portugal, Spain and Ireland on May 8, 2025 and will be ~~launching~~launched in Europe (except England, Portugal, Spain and Ireland), inMiddle ~~the~~East, ~~second~~Africa ~~quarter~~and ofSouth Asia in October 2025.

•THE RAGNAROK, an MMORPG game

THE RAGNAROK (Chinese title: 巴風特之怒) will be launched on WeChat (H5) Mini Programs in China in the second quarter of 2025.

•Ragnarok: Dawn (tentative English title), an Idle MMORPG game

Ragnarok: Dawn (tentative English title) was officially launched on WeChat Mini Programs in China on February 20, 2025, and mobile app version will be launched in Taiwan, Hong Kong and Macau in the second half of 2025.

•Ragnarok V: Returns, a 3D MMORPG Mobile and PC game

Ragnarok V: Returns was officially launched in Thailand, Indonesia and Philippines on March 27, 2025.

•Ragnarok: Back to Glory, a 3D MMORPG Mobile game

Ragnarok: Back to Glory was officially launched in Korea and re-launched in Southeast Asia on April 17, 2025 and will be launched in China in the third quarter of 2025.

•Ragnarok Crush, a Puzzle and Tower Defense Mobile game

Ragnarok Crush will be launched in Global in July 2025.

•Ragnarok Online America Latina, an MMORPG PC game

Ragnarok Online America Latina iswas ~~scheduled~~officially tolaunched ~~be direct-serviced~~ in Latin America on May 28, 2025.

•Ragnarok ~~Zero~~Idle Adventure Plus, ana ~~RPG~~Vertical PCIdle MMORPG Mobile game

Ragnarok ~~Zero~~Idle isAdventure ~~being~~Plus ~~prepared~~was toofficially be launched in Taiwan, Hong Kong and Macau on May 21, 2025 and will be launched in ~~July~~Korea on August 28, 2025.

•~~Ragnarok~~Poring ~~Libre~~Rush, aan ~~Time~~Idle ~~Effective~~RPG ~~MMORPG~~Mobile ~~Telegram~~ game

~~Ragnarok~~Poring ~~Libre~~Rush iswas ~~underway~~officially ~~for~~launched ~~its launch~~ in ~~Global~~Korea inon ~~the~~June ~~second~~12, ~~quarter of~~ 2025.

•Ragnarok Zero, an MMORPG PC game

Ragnarok Zero was officially launched in Taiwan, Hong Kong and Macau on July 3, 2025.

•Ragnarok: Twilight, an Idle MMOARPG Mobile game

Ragnarok: Twilight was officially launched in Taiwan, Hong Kong and Macau on July 3, 2025. It will be launched in China on August 15, 2025 and is underway for its launch in Southeast Asia in the second half of 2025.

•Ragnarok Crush, a Strategy Action Puzzle RPG Mobile game

Ragnarok Crush was officially launched in Global except China and Japan on July 17, 2025.

•Ragnarok V: Returns, a 3D MMORPG Mobile and PC game

Ragnarok V: Returns was officially launched in Global on August 7, 2025.

•Ragnarok M: Classic, an MMORPG Mobile and PC game

Ragnarok M: Classic will be launched in North and South America, Europe, Middle East and Africa on September 3, 2025.

•Ragnarok: The New World, an MMORPG Mobile and PC game

Ragnarok: The New World is planned to be launched in Taiwan, Hong Kong and Macau in the fourth quarter of 2025.

•PROJECT ABYSS, an MMOARPG Mobile and PC game

PROJECT ABYSS is underway for its launch in Southeast Asia in the fourth quarter of 2025.

•Ragnarok Libre, a Time Effective MMORPG Line game

Ragnarok Libre will be launched in Global except Korea, China and Japan on August 11, 2025.

•I'm the Hero of This Ragnarok! (Tentative English Title), an SLG Simulation Mobile game

I'm the Hero of This Ragnarok! (Tentative English Title) is scheduled to be launched in Korea in September 2025.

Ragnarok Online IP-based Blockchain Game

•Ragnarok Landverse, an MMORPG Blockchain and PC game

Ragnarok Landverse will be launched in ~~Latin~~North and South America in the ~~second~~fourth ~~half~~quarter of 2025.

Ragnarok Landverse Genesis, a global new server integrated with RONIN platform, ranked first in trading volume after its official release in Global on March 29, 2025.

Other IP-based games

•~~JLPGA~~Gunbound, ~~Heroine~~an ~~Collection,~~MMO aTurn-based ~~Sports~~Artillery ~~Mobile~~PC game

~~JLPGA~~Gunbound was officially launched in ~~Japan~~Southeast Asia and Latin America on ~~March~~June 2510, 2025.

•~~Shambles~~Nobunaga's Ambition: ~~Sons~~The ofRoad ~~Apocalypse~~to the World (Tentative English Title), aan ~~Deck-building~~MMO ~~Roguelike~~History Strategy Simulation Mobile game

~~Shambles~~Nobunaga's Ambition: ~~Sons~~The ofRoad ~~Apocalypse,~~to ~~was~~the ~~officially~~World ~~launched~~(Tentative inEnglish ~~Global~~Title) ~~except~~was ~~for~~officially ~~China,~~launched ~~Vietnam~~in ~~and~~Japan ~~Taiwan~~ on ~~March~~June 2718, 2025.

•~~Twilight~~Dragonica ~~Monk~~Origin, aan ~~2.5D~~MMORPG ~~Action~~PC ~~RPG Console~~ game

~~Twilight~~Dragonica ~~Monk,~~Origin was officially launched in ~~Global~~Southeast Asia on ~~March~~July 2716, 2025.

•~~Snow~~Meow ~~Brothers~~Star 2Acres ~~Special~~2, ana ~~Action~~Farm ~~and~~Simulation ~~Platformer~~Mobile ~~Console~~ game

~~Snow~~Meow ~~Brothers~~Star Acres 2 ~~Special,~~will ~~was~~be ~~officially~~ launched in Global onin ~~April~~the ~~10,~~fourth quarter of 2025.

•~~Meow~~Schop ~~Star Acers 2~~Hero, a ~~Farm~~New ~~Simulation~~Fresh Whole Digging Puzzle RPG Mobile game

~~Meow~~Schop ~~Star~~Hero ~~Acers~~will ~~2, is scheduled to~~ be launched in ~~Global~~Japan in the ~~second~~third ~~half~~quarter of 2025, 2025.

•~~Dragonica~~Chess ~~Origin~~Rumble, ana MOCollectible ~~Action~~Tactical RPG PCMobile game

~~Dragonica~~Chess ~~Origin~~Rumble ~~will~~is planned to be launched in ~~Southeast~~Global ~~Asia~~except Korea and Japan in ~~June~~the third quarter of 2025.

•Gunbound, an MMO Turned-based Artillery PC game

Gunbound is underway for its launch in Southeast Asia and Latin America in the second quarter of 2025.

Expansion of Ragnarok IP-business

Ragnarok Golf Monsters is an indoor-screen golf brand based on the Ragnarok monster characters. Gravity Communications Co., Ltd. opened the first facility of Ragnarok Golf Monsters in Taipei, Taiwan on February 27, 2025.

Our New Subsidiary

Gravity established Gravity Game Unite Sdn. Bhd. ("Gravity Game Unite"), a subsidiary in Malaysia, on March 12, 2025. Gravity will expand various game services including Ragnarok Online IP based games throughout Gravity Game Unite in Malaysian regions.

Investor Presentation

Gravity issued an investor presentation. The presentation contains the Company’s recent business updates, results of the ~~first~~second quarter in 2025 and Gravity’s business plan. The presentation can be found on the Company’s website under the IR Archives section at https://www.gravity.co.kr/en/ir/updates. Korean and Japanese versions of the presentation are also provided on the website.

About GRAVITY Co., Ltd. ---------------------------------------------------

Gravity is a developer and publisher of online and mobile games. Gravity's principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 ~~regions~~markets. For more information about Gravity, please visit http://www.gravity.co.kr.

Forward-Looking Statements:

Certain statements in this press release may include, in addition to historical information, “forward-looking statements” within the meaning of the “safe-harbor” provisions of the U.S. Private Securities Litigation Reform Act 1995. Forward-looking statements can generally be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe”, “project,” or “continue” or the negative thereof or other similar words, although not all forward-looking statements contain these words. Investors should consider the information contained in our submissions and filings with the United States Securities and Exchange Commission (the “SEC”), including our annual report for the fiscal year ended December 31, 2024 on Form 20-F, together with such other documents that we may submit to or file with the SEC from time to time, on Form 6-K. The forward-looking statements speak only as of this press release and we assume no duty to update them to reflect new, changing or unanticipated events or circumstances.

Contact:

Mr. Heung Gon Kim
Chief Financial Officer
Gravity Co., Ltd.
Email: kheung@gravity.co.kr

Ms. Jin Lee

Ms. Yujin Oh
IR Unit
Gravity Co., Ltd.
Email: ir@gravity.co.kr
Telephone: +82-2-2132-7800

GRAVITY Co., Ltd.

Consolidated Statements of Financial Position

(In millions of KRW and thousands of US$)

As of

31-Dec-24

3130-~~Mar~~Jun-25

KRW

US$

KRW

US$

(audited)

(unaudited)

Assets

Current assets:

Cash and cash equivalents

228,898

~~155~~169,~~244~~116

~~201~~215,~~367~~441

~~136~~159,~~572~~173

Short-term financial instruments

324,304

~~219~~239,~~951~~604

~~375~~361,~~796~~399

~~254~~267,~~874~~011

Accounts receivable, net

81,152

5559,~~039~~957

7481,~~469~~368

5060,~~507~~117

Other receivables, net

1,572

1,~~066~~161

21,~~162~~948

1,~~466~~439

Prepaid expenses

8,115

5,~~504~~996

617,~~669~~768

413,~~523~~127

Other current financial assets

6,602

4,~~478~~878

64,~~033~~759

43,~~092~~516

Other current assets

2,967

2,~~012~~192

3,~~091~~975

2,~~096~~937

Total current assets

653,610

~~443~~482,~~294~~904

~~669~~686,~~587~~658

~~454~~507,~~130~~320

Property and equipment, net

9,957

67,~~753~~356

10,~~576~~703

7,~~173~~908

Intangible assets, net

7,057

45,~~786~~214

68,~~414~~941

46,~~350~~606

Deferred tax assets

5,617

34,~~810~~150

6,~~294~~498

4,~~269~~801

Other non-current financial assets

1,767

1,~~198~~306

~~670~~1,686

~~454~~1,246

Other non-current assets

8,451

56,~~732~~245

97,~~366~~966

65,~~352~~885

Total assets

686,459

~~465~~507,~~573~~175

~~702~~722,~~907~~452

~~476~~533,~~728~~766

Liabilities and Equity

Current liabilities:

Accounts payable

67,930

4650,~~072~~188

6382,~~048~~024

4260,~~761~~601

Deferred revenue

26,761

1819,~~150~~772

2420,~~015~~868

1615,~~288~~418

Withholdings

1,588

1,~~077~~173

1,~~635~~599

1,~~109~~181

Accrued expense

2,651

1,~~798~~959

2,~~168~~181

1,~~470~~611

Income tax payable

6,507

4,~~413~~808

87,~~782~~667

5,~~956~~665

Other current liabilities

3,212

2,~~178~~373

3,~~390~~653

2,~~299~~699

Total current liabilities

108,649

7380,~~688~~273

~~103~~117,~~038~~992

6987,~~883~~175

Long-term account payables

220

~~149~~163

~~220~~623

~~149~~460

Long-term deferred revenue

2,572

1,~~744~~900

~~1,322~~880

~~897~~650

Other non-current liabilities

5,361

3,~~636~~961

5,~~904~~262

43,~~003~~889

Deferred tax liabilities

1,294

~~878~~956

1,~~294~~290

~~878~~953

Total liabilities

118,096

8087,~~095~~253

~~111~~126,~~778~~047

7593,~~810~~127

Share capital

3,474

2,~~356~~567

3,474

2,~~356~~567

Capital surplus

26,979

1819,~~298~~933

26,979

1819,~~298~~933

Other components of equity

23,801

1617,~~143~~585

2416,~~507~~601

1612,~~621~~265

Retained earnings

513,418

~~348~~379,~~212~~326

~~535~~548,~~456~~701

~~363~~405,~~159~~394

Equity attributable to owners of the Parent Company

567,672

~~385~~419,~~009~~411

~~590~~595,~~416~~755

~~400~~440,~~434~~159

Non-controlling interest

691

~~469~~511

~~713~~650

~~484~~480

Total equity

568,363

~~385~~419,~~478~~922

~~591~~596,~~129~~405

~~400~~440,~~918~~639

Total liabilities and equity

686,459

~~465~~507,~~573~~175

~~702~~722,~~907~~452

~~476~~533,~~728~~766

* For convenience purposes only, the KRW amounts are expressed in U.S. dollars at the rate of KRW 1,~~474~~353.4450 to US$ 1.00, the noon buying rate in effect on ~~March~~June 3130, 2025 as quoted by the Federal Reserve Bank of New York.

GRAVITY Co., Ltd.

Consolidated Statements of Comprehensive Income

(In millions of KRW and thousands of US$ except for share and ADS data)

Three months ended

Six months ended

31-Dec-24

31-Mar-24

31-Mar-25

30-Jun-24

30-Jun-25

30-Jun-24

30-Jun-25

(KRW)

~~(US$)~~

(KRW)

~~(KRW)~~

(KRW)

~~(US$)~~

(US$)

~~(KRW)~~

(~~US$~~KRW)

(KRW)

(US$)

(unaudited)

~~(unaudited)~~

(unaudited)

~~(unaudited)~~

(unaudited)

~~(unaudited)~~

(unaudited)

~~(unaudited)~~

(unaudited)

Revenues:

Online games

~~19,822~~

18,806

~~13,444~~

19,445

~~18,065~~

1221,~~252~~971

1816,~~806~~233

~~12,755~~

37,510

40,777

30,127

Mobile games

~~105,586~~

115,486

~~71,611~~

99,019

~~98,548~~

66144,~~838~~003

~~115~~106,~~486~~393

~~78,325~~

197,567

259,489

191,717

Other revenue

~~4,315~~

3,172

~~2,927~~

4,503

~~3,166~~

24,~~147~~766

3,~~172~~521

~~2,151~~

7,669

7,938

5,865

Total net revenue

~~129,723~~

137,464

~~87,982~~

122,967

~~119,779~~

81170,~~237~~740

~~137~~126,~~464~~147

~~93,231~~

242,746

308,204

227,709

Cost of revenue

~~81,008~~

87,458

~~54,942~~

76,006

~~73,628~~

49114,~~936~~006

8784,~~458~~231

~~59,316~~

149,634

201,464

148,847

Gross profit

~~48,715~~

50,006

~~33,040~~

46,961

~~46,151~~

3156,~~301~~734

5041,~~006~~916

~~33,915~~

93,112

106,740

78,862

Operating expenses:

Selling, general and administrative expenses

~~28,311~~

21,859

~~19,201~~

28,108

~~15,747~~

1033,~~680~~509

2124,~~859~~757

~~14,825~~

43,855

55,368

40,907

Research and development

~~3,669~~

3,431

~~2,488~~

4,286

~~3,601~~

23,~~442~~291

32,431

~~2,327~~

7,887

6,722

4,966

Others, net

~~785~~

(14)

~~534~~

(422)

~~(66)~~

~~(45)~~264

~~(14)~~195

~~(9)~~

(488)

250

185

Total operating expenses

~~32,765~~

25,276

~~22,223~~

31,972

~~19,282~~

1337,~~077~~064

2527,~~276~~383

~~17,143~~

51,254

62,340

46,058

Operating profit

~~15,950~~

24,730

~~10,817~~

14,989

~~26,869~~

1819,~~224~~670

2414,~~730~~533

~~16,772~~

41,858

44,400

32,804

Finance income(costs):

Finance income

~~9,801~~

10,717

~~6,647~~

8,867

~~6,297~~

42,~~271~~651

101,~~717~~959

~~7,269~~

15,164

13,368

9,877

Finance costs

~~(374)~~

(6,997)

~~(254)~~

(3,799)

~~(668)~~

(~~453~~3,615)

(62,~~997~~671)

~~(4,746)~~

(4,467)

(10,612)

(7,840)

Profit before income tax

~~25,377~~

28,450

~~17,210~~

20,057

~~32,498~~

2218,~~042~~706

2813,~~450~~821

~~19,295~~

52,555

47,156

34,841

Income tax expense

~~2,274~~

6,372

~~1,542~~

7,476

~~5,615~~

35,~~808~~486

64,~~372~~053

~~4,322~~

13,091

11,858

8,761

Profit for the year

~~23,103~~

22,078

~~15,668~~

12,581

~~26,883~~

1813,~~234~~220

229,~~078~~768

~~14,973~~

39,464

35,298

26,080

Profit attributable to:

Non-controlling interest

12(25)

40(18)

Owners of Parent company

~~23,099~~

22,038

~~15,665~~

12,569

~~26,866~~

1813,~~222~~245

229,~~038~~786

~~14,947~~

39,435

35,283

26,068

Earning per share

Earnings per share

- Basic and diluted

~~3,324~~

3,171

~~2.25~~

1,809

~~3,866~~

~~2.62~~1,906

~~3,171~~1.41

~~2.15~~

5,675

5,077

3.75

Weighted average number of shares outstanding

- Basic and diluted

~~6,948,900~~

6,948,900

~~6,948,900~~

6,948,900

~~6,948,900~~

6,948,900

~~6,948,900~~

6,948,900

Earning per ADS

Earnings per ADS

- Basic and diluted

~~3,324~~

3,171

~~2.25~~

1,809

~~3,866~~

~~2.62~~1,906

~~3,171~~1.41

~~2.15~~

5,675

5,077

3.75

* For convenience, the KRW amounts are expressed in U.S. dollars at the rate of KRW 1,~~474~~353.4450 to US$1.00, the noon buying rate in effect on ~~March~~June 3130, 2025 as quoted by the Federal Reserve Bank of New York.

(1) Each ADS represents one common share.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



			GRAVITY CO., LTD.

			By:			/s/ Heung Gon Kim
			Name:			Heung Gon Kim
			Title:			Chief Financial Officer

Date: ~~May~~August 98, 2025

Filing Compare · GRAVITY Co., Ltd.