Embracer Group Ab Class B · OMXSTO:EMBRAC_B
Embracer Group Ab Class B — Q2 2026 Earnings Presentation
19 slides from Embracer Group Ab Class B's earnings presentation, Nov 13, 2025
Slide 1: Embracer Group Interim Report July–September 2025
Q2 FY 2025/26 EMBRACER GROUP INTERIM REPORT JULY – SEPTEMBER 2025
Slide 2: Disclaimer
Q2 INTERIM REPORT FY 2025/26 Disclaimer IMPORTANT INFORMATION – PLEASE READ THE FOLLOWING BEFORE CONTINUING READING express or implied, is made by the Company or any of its affiliates, directors, advisors, employees and representatives as to the accuracy, completeness or verification of any informat
Slide 3: What we cover today
Q2 INTERIM REPORT FY 2025/26 What we cover today Highlights Operating segments PC/Console Games Mobile Games Entertainment & Services Financial performance Looking ahead Q&A 3
Slide 4: Highlights from Q2
Q2 INTERIM REPORT FY 2025/26 Highlights from Q2 Net sales | Q2 Adjusted EBIT | Q2 Free cash flow1 | TTM SEK 3,850 m SEK 109 m SEK 1,292 m -19% YoY (6% organic) (SEK 513 m) (SEK -524 m) or SEK 247 m excl. divested assets The Lord of the Rings and Coffee Stain Group – Strategic actions, share Kingdom
Slide 5: Operating segments
Operating segments AL \ ’ e \
Slide 6: PC/Console Games | Q2
PC/Console Games | Q2 PERFORMANCE COMMENTS SEK m Organic growth amounted to -4% Y-o-Y 4,000 Growth: -13% | Organic growth: -4% 40% Weak performance for Killing Floor 3 and some small- and 35% mid-sized new releases 34% 3,000 Adjusted EBIT decreased Y-o-Y, primarily driven by the negative net s
Slide 7: PC/Console Games | ROI
PC/Console Games | ROI ROI (CONTRIBUTION/INVESTMENT) COMMENTS Times Dataset 2016-2025 The value of completed games No. Projects 111 > 50.014x x amounted to approximately SEK Investments SEK 11.4 bn Contribution SEK 22.0 bn 1,156 million in Q2 12x Net Sales SEK 31.2 bn The weighted average ROI of
Slide 8: 32 Announced titles to-date
PC/Console | Pipeline details 32 Announced titles to-date * Selected upcoming releases SpongeBob SquarePants: Titans of the Tide | 18 Nov. 2025 Thief VR: Legacy of Shadow | 4 Dec. 2025 Deus Ex Remastered | 5 Feb. 2026 Tides of Tomorrow | 24 Feb. 2026 Gothic 1 Remake | Q1, CY 2026 REANIMA
Slide 9: Mobile Games | Q2
Mobile Games | Q2 PERFORMANCE COMMENTS SEK m Organic growth amounted to 1% Y-o-Y 2,000 60% Growth: -61% | Organic growth: 1% The lower Adjusted EBIT and profitability explained by the divestment of Easybrain and a different product mix 50% 1,500 CrazyLabs successfully scaled new hybrid casual
Slide 10: Entertainment & Services | Q2
Entertainment & Services | Q2 PERFORMANCE COMMENTS SEK m Growth: 17% | Organic growth: 25% Organic growth of 25% Y-o-Y, primarily driven by PLAION 4,000 30% Partners Adjusted EBIT improvement Y-o-Y was driven by Middle- earth Enterprises, through a mix of licensing revenue 25% 3,000 streams incl
Slide 11: Financial performance
2. Financial performance Hobbiton Movie Set © & TM Mee under lic. to Rings Scenic Tours and Wingnut Film Productions
Slide 12: Financial development
FINANCIAL PERFORMANCE | Q2 FY 2025/26 Financial development NET SALES & GROSS MARGIN DEVELOPMENT | SEK million DEVELOPMENT OF MARKETING EXPENSES | SEK million 8,000 80% 1,200 20% 73% 67% 18% 1,000 70% 16% 6,000 16% 60% 800 14% 50% 179 12% 4,000 4,726 40% 600 11% 10% 3,850 8% 400 30% 2,000 165 6% 20%
Slide 13: Cash flow and net cash
FINANCIAL PERFORMANCE | Q2 FY 2025/26 Cash flow and net cash FY25/26 FY24/25 FY 25/26 FY 24/25 Sept. 30, Sept. 30, SEKm SEKm Q2 Q2 Q2 TTM Q2 TTM 2025 2024 Adjusted EBITDA 995 1,270 5,708 7,153 Cash 6,127 4,052 Cash Tax -290 -370 -568 -657 Current investments - - Other items -57 -3 -811 -899 Current
Slide 14: Looking ahead
3. Looking ahead Hobbiton Movie Set © & TM Mee under lic. to Rings Scenic Tours and Wingnut Film Productions
Slide 15: Forecast
FINANCIAL PERFORMANCE | Q2 FY 2025/26 Forecast FY 2025/26 Adjusted EBIT forecast For our current full financial year 2025/26 we reiterate an adjusted EBIT forecast of at least SEK 1 billion, including the financial contribution from Coffee Stain. SEK 1,000 million Our forecast reflects: Q3 is expe
Slide 16: Next Capital Markets Event
NEXT CAPITAL MARKETS EVENT Monday 17 November 2025, starting 13:00 CET LISTING NASDAQ FIRST NORTH PREMIER GROWTH MARKET Expected December 2025 16
Slide 17: Closing remarks
LOOKING AHEAD Closing remarks Committed to build a more cohesive organization, strengthening profitability and unlocking long-term value 3 key priorities remain: investing in our core IPs, operational discipline, and targeted cost initiatives Continue to refine our structure, aim to talk to our grow
Slide 18: until ~ 10:00 CET
until ~ 10:00 CET
Slide 19: Embracer Group
EMBRACER* GROUP