Evolution Ab · OMXSTO:EVO

Evolution Ab — Q1 2026 Earnings Presentation

13 slides from Evolution Ab's earnings presentation, Apr 22, 2026

  1. Slide 1: Q1 Report January – March 2026

    Q1 Report January – March 2026 22nd April 2026 CEO, Martin Carlesund CFO, Joakim Andersson MONOPOLY TM, ® & © 1935, 2026 Hasbro

  2. Slide 2: Highlights in the quarter

    Highlights in the quarter Financial • Net revenues declined 1.5% to EUR 513.0 million (520.9) • Live growth -3.1% to EUR 434.9 million (448.7) • RNG growth +8.1% to EUR 78.2 million (72.3) • EBITDA declined 1.9% to EUR 335.3 million (342.0) corresponding to a margin of 65.4% (65.6) Operational • Con

  3. Slide 3: Quarterly Operational KPIs

    Quarterly Operational KPIs Headcount end of period Game Rounds index – all games 25 000 500 22 867 450 22 223 22 248 22 475 21 652 386 21 141 21 252 400 376 376 20 772 369 368 20 537 357 355 349 339 350 20 000 19 221 301 17 823 300 275 277 17 331 17 447 254 250 200 15 000 150 100 50 10 000 0 23Q1 23

  4. Slide 4: Customer & Player IP split by Region

    Customer & Player IP split by Region Net revenues by Customers’ location Net revenues by Customers’ players’ IP addresses Regulated vs Unregulated by (Q1 2026, %) (Q1 2026, %) Customers’ players’ IP addresses 2% 46% 47% 48% 50% 44% 45% 44% 42% 42% 45% 4% 39% 39% 39% 40% 39% 39% 39% 41% 13% 9% 40% 33

  5. Slide 5: Regional Update – Europe & Asia

    Regional Update – Europe & Asia Net revenues by Customers’ players’ IP addresses . The IP address provides an approximation of the location of the operators’ customers at time of playing. Europe Asia 240,0 240,0 220,0 220,0 209,1 201,8 197,6 200,7 202,2 202,2 201,9 197,8 191,0 191,3 194,9 193,6 200,

  6. Slide 6: Regional Update – North & Latin America

    Regional Update – North & Latin America Net revenues by Customers’ players’ IP addresses . The IP address provides an approximation of the location of the operators’ customers at time of playing. North America Latin America 85,0 50,0 46,8 78,7 80,0 77,1 45,0 43,2 74,0 74,2 75,0 71,5 70,6 39,8 40,0 3

  7. Slide 7: MONOPOLY TM, ® & © 1935, 2026 Hasbro

    MONOPOLY TM, ® & © 1935, 2026 Hasbro MONOPOLY TM, ® & © 1935, 2026 Hasbro

  8. Slide 8: Financial development

    Financial development 70,7% 70,4% 70,9% 69,3% 69,0% 69,9% 69,0% 68,6% 68,0% 68,5% 68,1% 65,6% 65,9% 66,4% 66,4% 65,4% 533,8 524,3 519,4 520,9 514,2 513,0 501,5 508,4 507,1 475,3 441,1 452,6 429,6 407,5 378,5 355,6 363,6 344,0 337,0 345,8 345,8 342,0 345,3 336,9 341,5 335,3 311,7 318,6 300,2 279,5 26

  9. Slide 9: Profit & Loss

    Profit & Loss P&L Statement Jan-Mar Jan-Mar Apr 2025- Jan-Dec Comments Group, EUR thousands 2026 2025 Mar 2026 2025 Revenues - Live 434,883 448,655 1,758,807 1,772,579 • Net revenues of EUR 513.0m corresponding to a negative growth of 1.5% Revenues - RNG 78,156 72,289 299,828 293,961 YoY and negativ

  10. Slide 10: Cash Flow

    Cash Flow Operating cash flow Capital expenditure 100% 50 8% 350 90% 45 7% 300 80% 40 6% 250 70% 35 60% 30 5% 200 50% 25 4% 150 40% 20 3% 100 30% 15 2% 20% 10 50 10% 5 1% 0 0% 0 0% 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 25Q2 25Q3 25Q4 26Q1 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3

  11. Slide 11: Financial Position

    Financial Position Balance Sheet Summary EURm 31/03/2026 31/03/2025 31/12/2025 Comments Goodwill 2,351.8 2,366.2 2,370.2 • Strong financial position remains Other non-current assets 963.8 984.4 972.0 Bond portfolio 1 104.8 101.6 104.1 • Total of EUR 1,202.8m of cash and bond portfolio Total non-curr

  12. Slide 12: Targets & Capital Allocation

    Targets & Capital Allocation Targets 2026 • Growth: Long-term ambition is to grow at least in line with the market in our regions for both Live and RNG • Profitability: FY 2026 EBITDA Margin targeted to be in line with the outcome of FY 2025 • Games: In 2026 we expect to release 110+ new games Capit

  13. Slide 13: Q&A

    Q&A ©2026 Hasbro. All Rights Reserved

Evolution — Q1 2026 Earnings Presentation on 6ix