Netmarble FY2026 Q1 Earnings Release

1Q 2026 Earnings Results
May 7th, 2026

DISCLAIMER
1
The financial information included in this document are consolidated earnings results based on K -IFRS.
The “financial results for 1Q 2026” for Netmarble (the “Company”) contained in this document have been provided for investors co nvenience only and have not been
audited by an independent auditor. Therefore, certain part(s) of this document are subject to change upon the audit outcome.
This document contains “forward -looking statements” –that is, statements related to future, not past, events. In this context, “forward -looking statements” often address
our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “pl ans,” “believes,” “seeks,” or “will.”
“Forward -looking statements” by their nature address matters that are, to different degrees, uncertain. For us, particular uncer tainties which could adversely or positively
affect our future results include the behavior of financial markets, the Company’s strategic actions, unanticipated dramatic dev elopments in our major business conditions,
and numerous other matters at the national and international levels which could affect our financial results.
These uncertainties may cause our actual results to be materially different from those expressed in this document.

82
131 122
149
84
13.1%
18.3% 17.6% 18.7%
12.9%
1Q25 2Q25 3Q25 4Q25 1Q26
624
718 696
798
652
1Q25 2Q25 3Q25 4Q25 1Q26
2
[Revenue] KRW 651.7bn (QoQ 18.3% ▼ / YoY 4.5% ▲ )
[EBITDA] KRW 83.9n (QoQ 43.7% ▼ / YoY 2.8% ▲ )
– Revenue and EBITDA increased YoY, driven by the launch of new title (StoneAge : Idle Adventure,
The Seven Deadly Sins: Origin, etc.)
– EBITDA Margin 12.9% (D&A KRW 30.8bn)
Revenue EBITDA (Unit: KRW bn) (Unit: KRW bn)
QoQ 18.3% ▼ YoY 4.5% ▲ QoQ 43.7% ▼ YoY 2.8% ▲
1Q26
EARNINGS
GAME PORTFOLIO 1Q26 EARNINGS REVENUE BREAKDOWNBY REGION / GENRE MAJOR COST STRUCTURE APPX) CONSOLIDATED FINANCIAL STATEMENTS NEW LINEUPS

Operating Profit Net Profit Net Profit (Controlling)
[Profit] Operating Profit KRW 53.1bn, Net Profit KRW 210.9bn,
Net Profit (Controlling) KRW 209.7bn
– Net profit increased, reflecting gains from asset disposals
3
(Unit: KRW bn) (Unit: KRW bn) (Unit: KRW bn)
1Q26
EARNINGS
GAME PORTFOLIO 1Q26 EARNINGS REVENUE BREAKDOWNBY REGION / GENRE MAJOR COST STRUCTURE APPX) CONSOLIDATED FINANCIAL STATEMENTS NEW LINEUPS
50
101 91
111
53
8.0%
14.1% 13.1% 13.9%
8.1%
1Q25 2Q25 3Q25 4Q25 1Q26
80
160
41
(50)
211
12.9% 22.3% 5.8% -6.3%
32.4%
1Q25 2Q25 3Q25 4Q25 1Q26
76
160
38
(48)
210
12.1% 22.3% 5.4% -6.1%
32.2%
1Q25 2Q25 3Q25 4Q25 1Q26

8% 8% 8% 8%
7%
6%
5%
4% 4%
3% 3% 3%
33%
잭팟월드 랏차슬롯 마블 콘테스트
오브 챔피언스
캐시프렌지 세븐나이츠
리버스
뱀피르 일곱 개의 대죄 :
GRAND CROSS
나 혼자만
레벨업 :ARISE
RF 온라인
넥스트
일곱 개의 대죄 :
Origin
스톤에이지
키우기
레이븐 2 기타
4
GAME
PORTFOLIO
• Top revenue generators were evenly distributed: Jackpot World 8%, Lotsa Slots 8%,
MARVEL Contest of Champions 8%, Cash Frenzy 8%, Seven Knights Re:BIRTH 7%,
VAMPIR 6%, etc.
MARVEL
Contest of
Champions
Jackpot World Lotsa Slots RF ONLINE
NEXT
Cash Frenzy The Seven
Deadly Sins:
GRAND CROSS
Solo Leveling:
ARISE
Seven Knights
Re:BIRTH Others Raven2 VAMPIR
GAME PORTFOLIO 1Q26 EARNINGS REVENUE BREAKDOWNBY REGION / GENRE MAJOR COST STRUCTURE APPX) CONSOLIDATED FINANCIAL STATEMENTS NEW LINEUPS
StoneAge :
Idle Adventure
The Seven
Deadly Sins:
Origin

42% 33% 34% 33% 40%
36%
42% 34% 42%
37%
14% 18%
22%
18% 16%
8% 7% 10% 7% 7%
1Q25 2Q25 3Q25 4Q25 1Q26
캐주얼 게임 RPG MMORPG 기타
46%
35% 34% 39% 41%
18% 34% 32% 23% 21%
14% 12% 11% 12% 13%
10% 7% 8% 12% 12%
6% 6% 8% 7% 7%
6% 6% 7% 7% 6%
82%
66% 68%
77% 79%
1Q25 2Q25 3Q25 4Q25 1Q26 5
REVENUE
BREAKDOWN
BY REGION / GENRE
• The proportion of overseas revenue was 79% ( QoQ +2%P) diversified across
N.A. 41%, Korea 21%, Europe 13%, SEA 12%, Japan 7% and others 6%
• Genre portfolio showed diversification across casual games 40%, RPG 37%,
MMORPG 16% and others 7%
Revenue Breakdown by Region Revenue Breakdown by Genre
Others
Japan
South
East Asia
Europe
Korea
% of
Overseas
Revenue
North
America
Others
MMORPG
RPG
Casual
Games
GAME PORTFOLIO 1Q26 EARNINGS REVENUE BREAKDOWNBY REGION / GENRE MAJOR COST STRUCTURE APPX) CONSOLIDATED FINANCIAL STATEMENTS NEW LINEUPS

219
(35.1%)
242
(33.8%) 225
(32.3%)
252
(31.6%) 201
(30.8%) 2,009 2,009 30.8%
172
(27.6%)
175
(24.4%) 170
(24.5%)
182
(22.8%) 168
(25.7%) 1,676 25.7% 1,676
114
(18.3%)
135
(18.9%) 145
(20.9%)
179
(22.4%)
168
(25.8%) 25.8% 1,682 1,682
69
(11.0%)
64
(8.8%) 65
(9.2%)
74
(9.3%)
62
(9.6%) 619 619 619 574
617 605
687
599
1Q25 2Q25 3Q25 4Q25 1Q26 마케팅비 인건비 지급수수료
지급수수료 인건비 마케팅비 기타 (상각비 포함 )
6
• Marketing Costs KRW 168.2bn ( QoQ 5.9% ▼ / YoY 47.3% ▼)
-Marketing costs incurred for the launch of new titles
(StoneAge : Idle Adventure, The Seven Deadly Sins: Origin, etc.)
• Labor Costs KRW 167.6bn (QoQ 7.9% ▼/ YoY 2.6% ▼)
-Labor costs decreased QoQ , driven by a continued decline in headcount
• Commission KRW 200.9bn (QoQ 20.4% ▼ / YoY 8.3% ▼)
-Commission -to-revenue ratio decreased QoQ
reflecting increased sales of in -house IP games
[Operating Cost] KRW 598.6bn (QoQ 12.8% ▼ / YoY 4.2% ▲ )

MAJOR COST
STRUCTURE
(Unit: KRW bn)
Labor Marketing Commission
* Proportion to the revenue (%)
※ 1Q26 Other Cost: D&A KRW 30.8bn, Other fees KRW 31.1bn
Commission Labor Marketing Other (Inc. D&A)
GAME PORTFOLIO 1Q26 EARNINGS REVENUE BREAKDOWNBY REGION / GENRE MAJOR COST STRUCTURE APPX) CONSOLIDATED FINANCIAL STATEMENTS NEW LINEUPS

NEW
LINEUPS
• Regional expansion of existing titles will be continued with the Asia launch of
Game of Thrones: Kingsroad (PC on May 14, Mobile on May 21, 2026)
• SOL: enchant is set to launch in June 2026, while 4 previously announced titles and
new games from overseas subsidiaries (PROJECT AEGIS, etc.) will be released in 2H26
7
PC Mobile Console
GAME PORTFOLIO 1Q26 EARNINGS REVENUE BREAKDOWNBY REGION / GENRE MAJOR COST STRUCTURE APPX) CONSOLIDATED FINANCIAL STATEMENTS NEW LINEUPS
SOL: enchant Solo Leveling: KARMA Shangri -La Frontier: The Seven Colossi
PROJECT OCTOPUS EVILBANE PROJECT AEGIS
Korea
MMORPG
Global
Roguelite Action RPG
Japan
Collectible RPG
Global
Casual Action Roguelike RPG
Global
Co -op Action
Global
Collectible RPG

8
Consolidated Income Statement Consolidated Statement of Financial Position
GAME PORTFOLIO 1Q26 EARNINGS REVENUE BREAKDOWNBY REGION / GENRE MAJOR COST STRUCTURE APPX ) CONSOLIDATED FINANCIAL STATEMENTS NEW LINEUPS(KRW bn) 1 Q2 5 2 Q2 5 3 Q2 5 4 Q2 5 1 Q2 6
R e ve nu e 624 718 696 798 652
Commission 219 242 225 252 201
Labor Cost 172 175 170 182 168
Marketing Cost 114 135 145 179 168
Other Costs (exc. D&A) 37 34 33 36 31
EBI T D A 82 131 122 149 84
Margin (%) 13.1% 18.3% 17.6% 18.7% 12.9%
D&A 32 30 32 38 31
Op e r a ti ng I nc om e 50 101 91 111 53
Margin (%) 8.0% 14.1% 13.1% 13.9% 8.1%
Non-Operating Income&Cost 48 89 (35) (108) 224
P r e – ta x P r of i t 98 190 56 3 277
Tax 17 30 15 53 66
N e t P r of i t 80 160 41 ( 5 0 ) 211
N e t P r of i t ( c ontr ol l i ng) 76 160 38 ( 4 8 ) 210
Margin (%) 12.1% 22.3% 5.4% -6.1% 32.2% (KRW bn) 1 Q2 5 2 Q2 5 3 Q2 5 4 Q2 5 1 Q2 6
C u r r e nt A sse ts 1, 091 1, 110 1, 119 1, 257 1, 342
Cash and Cash Equivalents 593 513 591 689 756
Accounts Receivable 241 271 258 281 260
Other Current Financial Assets 164 238 191 188 245
Other Current Assets 93 88 79 99 81
N on- C u r r e nt A sse ts 6, 880 6, 715 6, 861 6, 837 6, 980
Investment Assets 2, 889 2, 963 3, 028 3, 052 3, 075
Intangible Assets 3, 085 2, 863 2, 937 2, 858 2, 977
Tangible Assets 403 440 453 454 452
Other Non-Current Assets 503 450 443 473 475
T ota l A sse ts 7, 971 7, 825 7, 980 8, 094 8, 322
C u r r e nt L i a b i l i ti e s 1, 527 1, 617 1, 770 1, 901 1, 955
Accounts Payable 21 25 22 24 19
Short-term Debt 607 750 736 761 763
Other Current Financial Liabilities 589 534 675 730 793
Other Current Liabilities 310 308 338 386 380
N on- C u r r e nt L i a b i l i ti e s 983 748 751 701 555
Other Non-Current Financial Liabilities 709 475 487 439 295
Other Non-Current Liabilities 275 273 264 261 259
T ota l L i a b i l i ti e s 2, 510 2, 365 2, 521 2, 601 2, 510
T ota l Eq u i ty 5, 461 5, 460 5, 459 5, 492 5, 812

Thank You