Gravity Announces Filing of Annual Report on Form 20-F for Fiscal Year 2022

Rhea-AI Summary

GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022, on April 27, 2023. The report revealed consolidated revenue of KRW 463,618 million, an operating profit of KRW 104,708 million, and a net profit of KRW 83,162 million. These figures represent a 12.0% revenue increase year-over-year, an 8.3% rise in operating profit, and a significant 26.1% increase in net profit attributable to the parent company compared to 2021. Shareholders can request a hard copy of the annual report containing the audited financial statements free of charge. Additional details can be accessed on the Company’s investor relations website.

Positive

• Revenue increased by 12.0% year-over-year to KRW 463,618 million.
• Operating profit grew by 8.3% to KRW 104,708 million.
• Net profit attributable to parent company rose by 26.1% to KRW 83,162 million.

Negative

• None.

Seoul, Korea, April 27, 2023 (GLOBE NEWSWIRE) -- Seoul, South Korea – April 27, 2023 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or the “Company”) today announced that the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission on April 27, 2023. The annual report can be accessed on the Company’s investor relations Web site at http://www.gravity.co.kr/en/ir/notice/list.asp

The shareholders and ADS holders of Gravity may receive a hard copy of the annual report, which contains its audited consolidated financial statements, free of charge upon request. Requests should be directed to IR Unit, Gravity Co., Ltd., 15F, 396 World Cup buk-ro, Mapo-gu, Seoul 03925, South Korea.

In the annual report on Form 20-F, the consolidated revenue is KRW 463,618 million, the operating profit is KRW 104,708 million, and the net profit attributable to parent company is KRW 83,162 million for the fiscal year ended December 31, 2022.

(In millions of KRW)

	2022	2021	YoY
Revenue	463,618	413,938	12.0%
Operating profit	104,708	96,719	8.3%
Net profit attributable to parent company	83,162	65,947	26.1%

About GRAVITY Co., Ltd. ---------------------------------------------------
Based in Korea, 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 markets. For more information about Gravity, please visit http://www.gravity.co.kr.

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

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

FAQ

What are the key financial figures reported by GRVY for 2022?

GRAVITY reported consolidated revenue of KRW 463,618 million, operating profit of KRW 104,708 million, and net profit of KRW 83,162 million for the fiscal year 2022.

How much did GRVY's revenue increase year-over-year?

GRAVITY's revenue increased by 12.0% year-over-year.

When did GRVY file its annual report on Form 20-F?

GRAVITY filed its annual report on Form 20-F on April 27, 2023.

How can shareholders obtain a hard copy of GRVY's annual report?

Shareholders can request a hard copy of the annual report containing audited financial statements free of charge by contacting the IR Unit of GRAVITY.