sea connecting the dots This presentation by Sea Limited (“Sea”) contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “could,” “will,” “expect,” “anticipate,” “aim,” “future,” “intend,” “plan,” “believe,” “estimate,” “likely to,” “potential,” “confident,” “guidance,” and similar statements. Among other things, statements that are not historical facts, including statements about Sea’s beliefs and expectations, the business, financial and market outlook, projections, and Sea’s strategic and operational plans, contain forward-looking statements. Sea may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties.

to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Sea’s goals and strategies; its future business development, financial condition, financial results, and results of operations; the expected growth in, and market size of, the digital entertainment, e-commerce and digital financial services industries in the markets where it operates, including segments within those industries; expected changes or guidance in its revenue, costs or expenditures; its ability to continue to source, develop and offer new and attractive online games and to offer other engaging digital entertainment content; the expected growth of its digital entertainment, e-commerce and digital financial services businesses; its expectations regarding growth in its user base, level of engagement, and monetization; its ability to continue to develop new technologies and/or upgrade its existing technologies; growth and trends of its markets and competition in its industries; government policies and regulations relating to its industries, including the effects of any government orders or actions on its businesses; general economic, political, social and business conditions in its markets; and the impact of widespread health developments.

d competition in its industries; government policies and regulations relating to its industries, including the effects of any government orders or actions on its businesses; general economic, political, social and business conditions in its markets; and the impact of widespread health developments. Further information regarding these and other risks is included in Sea’s filings with the SEC. All information provided in this presentation is as of the date hereof, and Sea undertakes no obligation to update any forward-looking statement, except as required under applicable law. This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the U.S. (“GAAP”), including “adjusted EBITDA,” and “total adjusted EBITDA.” The reconciliation of those measures to the most comparable GAAP measures is contained within this presentation. The non-GAAP measures have limitations as an analytical tool and you should not consider them in isolation or as a substitute for an analysis of the Company’s results under GAAP. This presentation does not contain all relevant information relating to Sea or its securities, particularly with respect to the risks and special considerations involved with an investment in the securities of Sea. Nothing contained in this presentation shall be relied upon as a promise or representation as to the past or future performance of Sea.

sea connecting the dots E-commerce Digital Financial Services Digital Entertainment GAAP Revenue Loans Principal Outstanding¹ Bookings² US Billions US Billions US$ Millions YoY: +33.7% YoY: +94.0% YoY: +23.2% QoQ: +7.0% QoQ: +18.5% QoQ: -14.7% 3.5 3.8 5.8 6.9 775.4 661.3 2.8 536.8 3.5 2Q 2024 1Q 2025 2Q 2025 2Q 2024 1Q 2025 2Q 2025 2Q 2024 1Q 2025 2Q 2025 Note: Financial figures are unaudited. 1. Consumer and SME loans principal outstanding including both on-book and off-book loans. Off-book loans principal outstanding mainly refers to channeling arrangements, which is lending by other financial institutions on our platform. 2. GAAP revenue for the digital entertainment segment plus change in digital entertainment deferred revenue. This operating metric is used as an approximation of cash spent by our users in the applicable period that is attributable to our digital entertainment segment.

sea connecting the dots GAAP Gross Operating Net Revenue Profit Income Income US Billions US Billions US Millions US Millions 4.8 5.3 2.2 2.4 456.4 487.7 <thead> <th>79.9</th> <th>410.8 414.2</th> </thead> <tbody> <td>2Q 2024</td> <td>1Q 2025 2Q 2025</td> </tbody> 3.8 1.6 82.9 2Q 2024 1Q 2025 2Q 2025 2Q 2024 1Q 2025 2Q 2025 2Q 2024 1Q 2025 2Q 2025 Note: Financial figures are unaudited.

sea connecting the dots Adjusted Gross Cash EBITDA Position¹ US Millions US Billions <thead> <th colspan="6">946.5 829.2 448.5</th> </thead> <tbody> <td colspan="6">2Q 2024 1Q 2025 2Q 2025</td> <td></td> <td>EC DFS</td> <td></td> <td>(9.2) 164.7</td> <td>264.4 241.4</td> <td>227.7 255.3</td> <td></td> <td>DE</td> <td></td> <td>302.8</td> <td>458.2</td> <td>368.2</td> </tbody> 10.3 10.6 9.0 2Q 2024 1Q 2025 2Q 2025 Note: Financial figures are unaudited. Please refer to the appendix for details on reconciliation between GAAP and non-GAAP figures. 1. Cash, cash equivalents, short-term and other treasury investments. Other treasury investments currently consist of group treasury related investments, such as available-for-sale sovereign bonds and corporate bonds, classified as part of long-term investments and securities purchased under agreements to resell relating to our banking operations.