Financial Performance - Gravity reported revenue of KRW 171 billion in 2025 2Q, a 242% QoQ increase and a 389% YoY increase[21] - Operating profit for 2025 2Q was KRW 20 billion, a 205% QoQ decrease but a 312% YoY increase[21] - Mobile games contributed KRW 144003 million to the total revenue in 2025 2Q[27] - PC games generated KRW 21971 million in revenue in 2025 2Q[27] - The largest regional revenue contribution came from Southeast Asia & others, accounting for 434% of the total in 2025 2Q[23] Game Launch and Pipeline - Gravity plans to launch "Ragnarok 3" globally in 2026[121] - "Ragnarok M Classic" is scheduled for additional launch in North and South America, Europe, Middle East, and Africa on September 3, 2025[49, 55, 121] - "PROJECT ABYSS" is scheduled for initial launch in Southeast Asia in 4Q 2025[62, 121] - "Ragnarok The Promised Adventure" is planned for launch in China on October 1, 2025[74, 121] Business Strategy - Gravity aims to maximize sustained growth and brand value through an IP-driven, multi-title strategy[32, 35, 40] - The company is expanding its global influence through various games based on the Ragnarok IP, leveraging subsidiaries in Thailand, Taiwan, Indonesia, Singapore, Hong Kong, America, and Malaysia[131]

Core Insights - Gravity Co., Ltd. reported its unaudited financial results for Q2 2025, showing significant growth in revenues driven by new game launches and expansions in various markets [1][2]. Financial Performance - Total revenues for Q2 2025 reached KRW 170,740 million (US$ 126,147 thousand), marking a 24.2% increase QoQ and a 38.9% increase YoY [9]. - Online game revenues were KRW 21,971 million (US$ 16,233 thousand), up 16.8% QoQ and 13.0% YoY, primarily due to the launch of Ragnarok Online America Latina [3]. - Mobile game revenues surged to KRW 144,003 million (US$ 106,393 thousand), reflecting a 24.7% increase QoQ and a 45.4% increase YoY, driven by new titles like Ragnarok M: Classic and Ragnarok X: Next Generation [4]. - Other revenues increased to KRW 4,766 million (US$ 3,521 thousand), a 50.3% increase QoQ and 5.8% increase YoY [5]. Cost and Expenses - Cost of revenue for Q2 2025 was KRW 114,006 million (US$ 84,231 thousand), representing a 30.4% increase QoQ and a 50.0% increase YoY, mainly due to commissions for mobile game services [6]. - Operating expenses rose to KRW 37,064 million (US$ 27,383 thousand), a 46.6% increase QoQ and 15.9% increase YoY, largely due to increased advertising expenses for new game launches [7]. Profitability - Operating profit for Q2 2025 was KRW 19,670 million (US$ 14,533 thousand), down 20.5% QoQ but up 31.2% YoY [9]. - Profit before income tax expense was KRW 18,706 million (US$ 13,821 thousand), a decrease of 34.2% QoQ and 6.7% YoY [9]. - Net profit attributable to the parent company was KRW 13,245 million (US$ 9,786 thousand), down 39.9% QoQ but up 5.4% YoY [10]. Liquidity - As of June 30, 2025, the company had cash and cash equivalents totaling KRW 576,840 million (US$ 426,184 thousand) [11]. Business Updates - Several new games were launched or are scheduled for launch, including Ragnarok: The Promised Adventure in China on October 1, 2025, and Ragnarok M: Classic in North and South America on September 3, 2025 [12][13]. - The company continues to expand its game portfolio with various titles across different regions, indicating a strong growth strategy [12][15].

Core Viewpoint - Eminent Gold Corp. has initiated a high-resolution gravity geophysical survey at the Otis target within its Hot Springs Range Project in Nevada, aiming to enhance exploration efforts and increase the probability of intersecting higher-grade gold zones [1][2][4]. Group 1: Project Details - The Hot Springs Range Project is strategically located adjacent to the 50-million-ounce Au Getchell Trend, making it a significant area for gold exploration [1]. - The gravity survey is designed to identify structural features such as faults and fluid conduits that may control mineralization, thereby refining the targeting model [2]. - The survey will also focus on the Eden target within the 15 km-long Hot Springs Range trend, with drilling expected to resume after data interpretation [2][3]. Group 2: Company Insights - Eminent Gold believes it is in the early stages of uncovering a significant gold system at the HSRP property, supported by collaboration with Kinross Gold Corporation, a 9.9% shareholder [4]. - The company is well-positioned with three major gold opportunities in Nevada, all of which are expected to come online with drill permits this year [4]. - The gravity survey is anticipated to be completed in the coming weeks, with drilling set to resume in August [3].

Core Viewpoint - Zeb Nickel Corp has engaged Spectrem Air Proprietary Ltd. to conduct a 736 line-kilometre SpectremPlus™ airborne electromagnetic survey over its Zeb Nickel Project in Limpopo Province, South Africa, aiming to enhance the identification of potential nickel sulphide ore bodies [1][2]. Group 1: Survey Details - The airborne survey will cover approximately 736 line-kilometres, utilizing 150 m spaced traverse lines and 1,500 m tie-lines, with data acquisition scheduled for July 2025 [7]. - The SpectremPlus™ system is capable of imaging conductive bodies to depths exceeding 700 m, with a high RMS dipole moment of 756 kA·m² [3][7]. - The survey is expected to be completed within three days, with final processed data and interpretations anticipated within 30 days post-survey [7]. Group 2: Technical Integration and Benefits - The AEM survey will complement existing gravity-magnetic models, allowing for improved drill-target definition by distinguishing between conductive massive sulphides and resistive host rocks [3][4]. - By integrating EM conductivity data with gravity and magnetic models, the technical team aims to generate a prioritized pipeline of drill-ready targets for potential nickel-sulphide mineralization [4][6]. - The expected deliverables include a unified 3D geophysical block model that identifies and ranks high-priority target zones based on conductivity, density, and magnetic susceptibility signatures [13]. Group 3: Company Focus and Strategic Importance - Zeb Nickel Corp is focused on exploring and developing world-class mineral deposits, particularly those critical for rechargeable battery production, including nickel, lithium, and cobalt [14]. - The Zeb Nickel Project is strategically located in the Bushveld Complex, which is known for its rich mineral deposits [14].

Core Insights - Gravity Co., Ltd. has launched Ragnarok Crush, a Strategy Action Puzzle RPG Mobile game, globally except for China and Japan on July 17, 2025 [1] - The game utilizes a 3-match puzzle system, allowing players to strategically move and combine puzzles to clear stages [2] - Pre-registration for the game exceeded its target, indicating strong user interest, and the closed beta test received positive feedback [3] Company Overview - Gravity is a developer and publisher of online and mobile games, with its principal product being Ragnarok Online, which is popular in various markets including Japan and Taiwan [4] - The company operates in 91 regions commercially, showcasing its extensive market reach [4] Game Features - Ragnarok Crush combines the Ragnarok IP with puzzle elements, retaining the original job system and growth elements while offering a unique gameplay experience [4] - The game is designed to be casual and accessible for all players, with various regional offline events planned to celebrate its launch [4]

Core Insights - Gravity Co., Ltd. has launched Ragnarok Crush, a Strategy Action Puzzle RPG Mobile game, globally except for China and Japan on July 17, 2025 [1] - The game utilizes a 3-match puzzle system, allowing players to strategically move and combine puzzles to clear stages [2] - Pre-registration for the game exceeded its target, indicating strong user interest, and the closed beta test received positive feedback [3] Company Overview - Gravity is a developer and publisher of online and mobile games, with its principal product being Ragnarok Online, which is popular in various markets including Japan and Taiwan [4] - The company operates in 91 regions, showcasing its extensive market reach [4] Game Features - Ragnarok Crush combines the Ragnarok IP with puzzle elements, retaining the original job system and growth elements while offering a unique gameplay experience [4] - The game is designed to be casual and accessible for all players, with various regional offline events planned to celebrate its launch [4]

Company Overview - GRAVITY Co., Ltd. is a developer and publisher of online and mobile games, known for its principal product, Ragnarok Online, which is popular in various markets including Japan and Taiwan [3]. Product Launch - PT Gravity Game Link, Gravity's subsidiary in Indonesia, has officially launched Dragonica Origin, an MMORPG PC game, in 10 regions of Southeast Asia on July 16, 2025 [1]. - Dragonica Origin features a fantasy world with dragons and magic, dynamic side-scrolling combat, and class-specific comic skills, offering a unique play style [2]. Market Positioning - The company emphasizes that Dragonica Origin combines nostalgic elements of classic online games with exciting side-scrolling action, targeting players looking for a retro-style gaming experience [3].

Core Insights - GRAVITY Co., Ltd. has successfully launched two new MMORPG titles, Ragnarok: Twilight and Ragnarok Zero, in Taiwan, Hong Kong, and Macau on July 3, 2025, through its subsidiaries [1][4] Performance Metrics - Ragnarok: Twilight achieved significant rankings, placing second in top grossing on the Apple App Store in Taiwan, sixth in Macau, and eighth in Hong Kong. It also ranked first in free downloads on Google Play in Taiwan, third in Macau, and sixth in Hong Kong [2] - The game ranked first in free downloads on the Apple App Store across all three regions prior to its launch and received positive feedback during its closed beta test conducted in May [2] Community Engagement - Ragnarok Zero ranked third in both overall and PC game categories on Bahamut, a prominent gaming community in the region. The launch day live broadcast attracted over 2,000 local viewers, and special in-game events led to a high number of concurrent users [3] Company Strategy - The company expressed gratitude for the support from users in the regions and emphasized its commitment to tailoring titles based on local market trends to maintain the popularity of the Ragnarok IP [4]

Core Insights - Gravity Co., Ltd. has officially launched its MMORPG mobile game, Ragnarok: Twilight, in Taiwan, Hong Kong, and Macau on July 3, 2025 [1] - The game combines classic elements from the original Ragnarok Online with new features, including a hero transformation system and exclusive MVP dungeons, enhancing player experience [2][3] - Positive feedback was received during the closed beta test (CBT) held in May, which has increased anticipation among users for the official release [2] Company Overview - Gravity is a developer and publisher of online and mobile games, with its principal product, Ragnarok Online, being popular in various markets, including Japan and Taiwan [3] - The company currently offers its games commercially in 91 regions [3]

Core Points - GRAVITY Co., Ltd. has launched Ragnarok Zero, an MMORPG PC game, in Taiwan, Hong Kong, and Macau on July 3, 2025 [1] - The game is designed to evoke nostalgia from the original Ragnarok Online while introducing new content such as exclusive PVP maps and seasonal events [2][3] - The company aims to meet player expectations and encourages participation in various launch events [3] Company Overview - GRAVITY is a developer and publisher of online and mobile games, with its principal product, Ragnarok Online, being popular in multiple markets including Japan and Taiwan [3] - The company currently offers its games commercially in 91 regions [3]