Business
Unaudited Final Results 2024
Unaudited Final Results 2024.
About this update from Everplay Group Plc
[{"type":"text","content":"\n\n26 March 2025 \n \neverplay group plc\n(\"everplay\", the \"Group\" or the \"Company\")\n \nUnaudited Final Results for the year ended 31 December 2024\n \n● A strong bounce back in profitability and margins, and robust cash generation, reflecting a good performance from key titles across the portfolio and swift implementation of strategic actions.\n● Good progress against mid-term strategic priorities, a high-quality schedule of new game releases, key new hires, ongoing development of new revenue streams and robust cost controls all position the Group for a solid FY 2025.\n● Maiden final dividend proposed.\n \neverplay group plc, a leading global independent (\"indie\") games developer and publisher of premium video games, working simulation games and children's edutainment apps, is pleased to announce its unaudited final results for the year ended 31 December 2024 (\"FY 2024\").\n \nFinancial summary:\n \n\n\n\n\n \n\n\nYear ended\n\n\n \n\n\n\n\n \n\n\n31 December 2024 (unaudited)\n\n\n31 December 2023 (audited)\n\n\n% change\n\n\n\n\nRevenue\n\n\n£166.6m\n\n\n£159.1m\n\n\n5%\n\n\n\n\nGross profit\n\n\n£69.4m\n\n\n£57.5m\n\n\n21%\n\n\n\n\nGross margin\n\n\n41.6%\n\n\n36.1%\n\n\n\n\n\n\n\nAdjusted EBITDA1\n\n\n£43.5m\n\n\n£29.9m\n\n\n46%\n\n\n\n\nAdjusted EBITDA margin\n\n\n26.1%\n\n\n18.8%\n\n\n\n\n\n\n\nOperating profit\n\n\n£24.0m\n\n\n£0.0m\n\n\n-\n\n\n\n\nProfit/(loss) before tax\n\n\n£25.3m\n\n\n£(1.1)m\n\n\n-\n\n\n\n\nAdjusted profit before tax1\n\n\n£43.4m\n\n\n£28.7m\n\n\n51%\n\n\n\n\nBasic Earnings per share (\"EPS\")\n\n\n14.0p\n\n\n(2.6)p\n\n\n-\n\n\n\n\nAdjusted Basic EPS2\n\n\n24.1p\n\n\n17.5p\n\n\n38%\n\n\n\n\nOperating cash conversion3\n\n\n97%\n\n\n87%\n\n\n\n\n\n\n\nCash and cash equivalents\n\n\n£62.9m\n\n\n£42.8m\n\n\n47%\n\n\n\n\n \nOperational summary:\n \n● Double-digit growth in first-party IP revenues, which contributed 37% to Group revenues (FY 2023: 35%). 10 first-party IP projects are in the development pipeline, based both on established and new IP and to launch mostly in 2026 and 2027, supporting the Group's focus on accelerating growth and improving profitability.\n● The back catalogue had another excellent year across al...