Slide 1: Interim Report January – June 2025
Interim Report January – June 2025 17th July 2025 CEO, Martin Carlesund CFO, Joakim Andersson
Slide 2: Highlights in the quarter
Highlights in the quarter Financial highlights • Net revenues increased by 3.1% to EUR 524.3 million (508.4) • Live growth +3.6% to EUR 453.7 million (438.1) • RNG growth +0.3% to EUR 70.6 million (70.3) • EBITDA amounted to EUR 345.3 million (345.8), corresponding to a margin of 65.9% (68.0) Operat
Slide 3: Operational KPIs
Operational KPIs Headcount end of period Game Rounds index – all games 25 000 500 22 223 22 248 21 141 20 772 21 252 450 20 537 19 221 386 20 000 400 376 369 376 17 823 357 17 331 17 447 339 350 301 15 000 300 275 277 254 250 10 000 200 150 5 000 100 50 0 0 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 25
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Slide 6: Regional Update – Europe & Asia
Regional Update – Europe & Asia Europe Asia 205 210,0 208,0 200 206,0 195 204,0 190 202,0 185 200,0 198,0 180 196,0 175 194,0 170 192,0 165 190,0 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Comments Comments • Revenue of EUR 180.2 (191.3) million corresponding to a negati
Slide 7: Regional Update – North & Latin America
Regional Update – North & Latin America North America Latin America 80,0 39,0 38,0 70,0 37,0 60,0 36,0 50,0 35,0 40,0 34,0 30,0 33,0 20,0 32,0 10,0 31,0 0,0 30,0 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Comments Comments • Revenue of EUR 73.9 (60.2) million correspondi
Slide 8: Financial development
Financial development 70,3% 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% 533,8 524,3 508,4 519,4 520,9 501,5 EUR 475,3 million 441,1 452,6 429,6 407,5 378,5 355,6 363,6 344,0 337,0 345,8 345,8 342,0 345,3 326,8 318,6 300,2 311,7 279,5 261,0 229,7 238,2 22Q1 22Q2 22Q3
Slide 9: Profit & Loss
Profit & Loss Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jul 2024- Jan-Dec Comments Group, EUR thousands 2025 2024 2025 2024 Jun 2025 2024 Revenues - Live 453,705 438,071 902,360 869,409 1,808,685 1,775,734 • Net revenues of EUR 524.3m corresponding to a Revenues - RNG 70,564 70,339 142,853 140,452 289,752 287
Slide 10: Cash Flow
Cash Flow Operating cash flow Capital expenditure EUR m 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 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q
Slide 11: Financial Position
Financial Position Balance sheet summary (EUR m) 30/6/2025 31/12/2024 Comments Goodwill 2,318.1 2,276.5 • Strong financial position remains Other non-current assets 959.0 963.5 Financial assets measured at amortised cost 101.5 100.8 • Total of EUR 606.8m of cash and bond portfolio Total non-current
Slide 12: Outlook & Capital allocation
Outlook & Capital allocation Outlook • Margin estimate of 66-68% remains; full speed ahead • Product leap years continue; 110+ new games in 2025 • State-of-the art studios to be opened in Brazil and Philippines Capital allocation • Capex 2025 forecast: EUR 140m • Dividend policy: • Minimum 50% of ne
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