Slide 1: Q1 Report 2026
|| HACKSAW CAM ING WANTED € QI REPORT 2026 28 April 2026
Slide 2: Today's Presenters
TODAY’S PRESENTERS CHRISTOFFER KÄLLBERG MIKAEL RAHM GROUP CEO GROUP CFO 2
Slide 3: Q1 Highlights
Q1 HIGHLIGHTS A STRONG START TO THE YEAR WITH SOLID GROWTH AND HIGH MARGINS Operational highlights Financial highlights ▪ Closed 79 new deals with new and existing clients ▪ Revenue of EUR 58m, 28% YoY growth, 37% FX adjusted ▪ 12 new in-house developed games released ▪ LTM revenue of EUR 210m, 35%
Slide 4: Operational Update
OPERATIONAL UPDATE 4
Slide 5: In-House Developed Game Releases
IN-HOUSE DEVELOPED GAME RELEASES April May June July August September October November December January February March 5
Slide 6: 3rd Party Studios Active on the OpenRGS Platform
3RD PARTY STUDIOS ACTIVE ON THE OPENRGS PLATFORM 91 games released since 2023 Added after the end of Q1 6
Slide 7: Key Operational Performance Indicators
KEY OPERATIONAL PERFORMANCE INDICATORS Game releases by quarter (# of games) Average daily number of rounds played, LTM (Indexed) Revenue, LTM (EURm) Third-party developed games In-house developed games 367 347 27 27 210 321 197 15 25 15 292 186 22 12 171 11 256 156 18 17 220 137 16 9 15 8 6 181 115
Slide 8: Financial Update
FINANCIAL UPDATE 8
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue (EURm) ▪ Revenue of EUR 58m (28% YoY growth, 37% on a constant currency basis) 55 58 52 44 45 45 37 30 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Adjusted* Operating profit (EBIT) (EURm) and Margin (%) ▪ Adjusted* operating profit (EBIT) of EUR 47m (27% 55 86% 87% Y
Slide 10: Cash Flow & Capex
CASH FLOW & CAPEX cash flow from operating activities (EURm) ▪ Cash flow from operating activities of EUR 46m (10% YoY growth) – Q1 2025 was positively impacted by dividend 157 related one-time items of net EUR 6m. Adjusted for 126 these, YOY growth was 32% ▪ Free cash flow* of EUR 43m (10% YoY grow
Slide 11: Financial Position
FINANCIAL POSITION Cash and cash equivalents (EURM) ▪ Strong financial position with cash and cash equivalents of EUR 176m – Dividend of 116m planned May 2026 (106m March 2025) ▪ No interest-bearing debt 176 ▪ Total asset base of EUR 227m (27% increase since December 2025) ▪ Total equity of EUR 199m
Slide 12: Summary
SUMMARY 12
Slide 13: Summary
SUMMARY ▪ Launch of 12 in-house developed games, 15 third-party games ▪ 9 OpenRGS studios live per the end of Q1, and 10 to date ▪ 79 new deals with existing and new clients ▪ LTM revenue of EUR 210m (35% growth compared to Q1 25 LTM, 43% adjusted for FX movements) ▪ LTM EBIT of EUR 172m (82% margin
Slide 14: Q&A
Q&A 14