Fractal Gaming Group Ab · OMXSTO:FRACTL
Fractal Gaming Group Ab — Q4 2025 Earnings Presentation
13 slides from Fractal Gaming Group Ab's earnings presentation, Feb 5, 2026
Slide 1: Q4 2025 Report
5 F E B R U A R Y 2 0 2 6 Q4 2025 Report
Slide 2: Q4 Highlights
Q4 Highlights Solid underlying consumer demand and successful new product category expansion contributed to organic growth during the quarter, despite very strong comparables and a challenging external environment. Net sales in Q4 amounted to 187 SEKm (205), a decrease of 9.0% YoY. Measured in USD,
Slide 3: Q4 launches: Epoch XL & Ion 3 Gold
Q4 launches: Epoch XL & Ion 3 Gold Epoch XL – Large format airflow performance at competitive value Extends the newly launched Epoch series with a larger, airflow-optimized case for advanced gaming and enthusiast builds. Built for high-end systems, supporting up to 360 mm radiators (front/top) and l
Slide 4: Market Development & Trends
Market Development & Trends Strong demand all year out but with emerging component issues The GPU market remained stable in majority of Q4, with good availability and pricing close to MSRP, supporting upgrades during the holiday season. Tightening DRAM and NAND supply, as capacity shifts toward AI d
Slide 5: Case of the Year & High Visibility in Q4
Case of the Year & High Visibility in Q4 MESHIFY 3 Broad global recognition across categories Fractal products received widespread global media recognition in 2025 across cases, cooling, PSUs, chairs, and headsets. New launches featured prominently in “Best of 2025” lists, Editor’s Picks, and buying
Slide 6: Net sales
Net sales SEKm Net sales, SEKm 250 205,2 Net sales growth: -9.0% | Organic growth in USD: +4.5% | Sales-out: +8.9% 200 186,7 142,6 150 Q4 2025 delivered continued organic growth in USD, while reported net sales in SEK declined due to currency effects. Net sales amounted to 186.7 100 SEKm (205.2), co
Slide 7: Segment and Regional development
Segment and Regional development Business Segment Segment development Cases Other Total • Other category continued to grow, with 21% organic growth in USD, Q4 Q4 Q4 driven by Scape gaming headset and Refine gaming chair. SEKm 2025 2024 2025 2024 2025 2024 • Other accounted for 16.5% of total net sal
Slide 8: Product margin
Product margin Product margin (%) 40,8% 39,1% 35,7% Product profit amounted to 66.6 SEKm (80.2), corresponding to a product margin of 35.7% (39.1). Main margin drivers: • Tariffs had a negative impact of approximately –3.3 pp • Currency transaction effects negatively impacted the margin by approxima
Slide 9: EBITDA development
EBITDA development EBITDA for the quarter amounted to 7.0 SEKm (29.0), corresponding to EBITDA (SEKm) and margin (%) an EBITDA margin of 3.8% (14.2). SEKm Key EBITDA drivers in the quarter, beyond product margin: 50 • Currency translation effect impacting EBITDA through the 45 conversion of USD-deno
Slide 10: Financial position and Cash flow
Financial position and Cash flow Operating cash flow for the quarter amounted to –34.2 SEKm (17.2), Q4 Jan—Dec primarily driven by a negative change in net working capital of -33.4 SEKm 2025 2024 2025 2024 SEKm. EBITDA 7,0 29,0 77,8 84,0 Change in NWC -33,4 5,9 -33,1 6,3 The change in net working ca
Slide 11: Income statement – Q4 and full year
Income statement – Q4 and full year SEKm 2025 Q4 2024 Jan—Dec 2025 2024 Net sales 186,7 205,2 809,5 697,9 Net sales in the fourth quarter amounted to 186.7 million SEK (205.2), Capitalized development expenditure 3,5 4,8 13,1 13,6 while operating profit was close to break-even, reflecting lower prod
Slide 12: Summary
Q 4 a n d F u l l Y e a r 2 0 2 5 Summary • Solid finish of the year with organic growth in Q4 and record high • Shortage of RAM and NAND memory driven by increased demand sales out driven by successful Black Friday campaigns and strong from the emerging AI economy has led to rising prices which may
Slide 13: Q&A
Q&KA