Remedy Entertainment Oy · OMXHEX:REMEDY
Remedy Entertainment Oy — Remedy Entmt — Q1 2026 Earnings Presentation
32 slides from Remedy Entertainment Oy's earnings presentation, May 5, 2026
Slide 1: The webcast will begin soon
The webcast will begin soon
Slide 2: Business Review January–March 2026
Business Review January–March 2026 May 5, 2026 © REMEDY ENTERTAINMENT 2026
Slide 3: Agenda
AGENDA © REMEDY ENTERTAINMENT 2026 1 Introduction of the new CEO 2 Q1 Business Review 3 Q1 Financial Results 4 Outlook Jean-Charles Gaudechon Santtu Kallionpää 5 Questions & Answers CEO CFO
Slide 4: Introduction of the new CEO
Introduction of the new CEO Jean-Charles Gaudechon CEO
Slide 5: New CEO: Jean-Charles Gaudechon
NEW CEO JEAN-CHARLES GAUDECHON © REMEDY ENTERTAINMENT 2026 Personal information ▪ Remedy CEO since March 1, 2026 ▪ French citizen, born in 1977 ▪ M.Sc. in Computer Science, BA in Management Career summary ‒ 25 years in game development across consoles, PC, and mobile ‒ 15 years in grassroots product
Slide 6: Q1 2026 Business Review
Q1 2026 Business Review Jean-Charles Gaudechon CEO
Slide 7: Q1 2026 Highlights
Q1 2026 HIGHLIGHTS GOOD START TO AN EXCITING YEAR © REMEDY ENTERTAINMENT 2026 FINANCIAL HIGHLIGHTS €13.1M €2.9M Revenue EBITDA -1.9% from the comparison period +€0.3M from the comparison period (€13.4M) (€2.6M) €1.0M €8.3M EBIT Operating cash flow -€0.3M from the comparison period +€14.9M from the c
Slide 8: © REMEDY ENTERTAINMENT 2026
© REMEDY ENTERTAINMENT 2026
Slide 9: CONTROL Resonant Overview & Vision
CONTROL RESONANT OVERVIEW & VISION © REMEDY ENTERTAINMENT 2026 Our goal • Our goal remains to make the game a ‘must-have day- one purchase’ for the fans of Control and for gamers worldwide. Current traction • A lot of interest was captured with our December 2025 announcement. • Leading indicators ar
Slide 10: CONTROL Resonant Marketing Highlights During Q1
CONTROL RESONANT MARKETING HIGHLIGHTS DURING Q1 © REMEDY ENTERTAINMENT 2026 Two new trailers released Developer diary released for community. Exclusive showcase for media and creators. +70 outlets attended +140 articles written ~2bn estimated impressions across global media
Slide 11: CONTROL Resonant Selected Media Quotes & Coverage
CONTROL RESONANT SELECTED MEDIA QUOTES & COVERAGE FROM THE PREVIEW © REMEDY ENTERTAINMENT 2026 Selected media quotes “It’s refreshing to see Remedy swerve with its sequel, welcoming a potential new audience” “CONTROL Resonant is shapeshifting up to be one of my most anticipated games of the year” “.
Slide 12: CONTROL Resonant Commercial Positioning
CONTROL RESONANT COMMERCIAL POSITIONING © REMEDY ENTERTAINMENT 2026 Reception, sentiment • Sentiment has continued to be highly positive among fans, media and content creators on a global scale. • Solid engagement metrics on our trailers and media. Core audiences and positioning • Fans of the CONTRO
Slide 13: Games in Market: Alan Wake
GAMES IN MARKET ALAN WAKE 2 © REMEDY ENTERTAINMENT 2026 Became available in Amazon’s Luna service (alongside Alan Wake Remastered), generating a platform deal royalty. Continued to earn royalties.
Slide 14: Games in Market: Control
GAMES IN MARKET CONTROL © REMEDY ENTERTAINMENT 2026 Control retained a solid sales momentum in Q1 and exceeded 6 million in lifetimes copies sold. Control sold better to the comparison period, driven by promotions and added visibility from CONTROL Resonant. At attractive price points, the game is a
Slide 15: Games in Market: FBC: Firebreak
GAMES IN MARKET FBC: FIREBREAK © REMEDY ENTERTAINMENT 2026 Last Major Update ‘Open House’ was released in March, and the game was moved to maintenance mode. FBC: Firebreak remains online, and Friend’s Pass feature was introduced to support the player base. Remains available on PS+, Xbox Game Pass an
Slide 16: Games in Development
GAMES IN DEVELOPMENT © REMEDY ENTERTAINMENT 2026 NEW PROJECT CONTROL Max Payne New project Resonant 1&2 remake FULL FULL PROOF OF PRODUCTION PRODUCTION CONCEPT WITH
Slide 17: Strategy and Targets
STRATEGY AND TARGETS RENEWED FOCUS AREAS WITHIN OUR STRATEGY © REMEDY ENTERTAINMENT 2026 Our Core Strengths Franchise Expansion Self-Publishing Distinctive single-player narrative From single games to enduring Owning the full chain, experiences on core platforms. franchises. from creation to player.
Slide 18: Q1 2026 Financial Results
Q1 2026 Financial Results Santtu Kallionpää CFO
Slide 19: Q1 2026: Revenue
Q1 2026: REVENUE GAME SALES AND ROYALTIES ON A HIGHER LEVEL © REMEDY ENTERTAINMENT 2026 -1.9%* 13.4 13.1 2.6 10.8 5.0 1.8 10.7 9.0 8.2 Notes *FX neutral change for Q1 revenue calculated with 2025 average FX rates for USD, GBP and SEK is +0.2%. Q1 2024 Q1 2025 Q1 2026 Game Sales and Royalties (EURm)
Slide 20: Historical Breakdown of Revenue
HISTORICAL BREAKDOWN OF REVENUE © REMEDY ENTERTAINMENT 2026 17.9 -1.9% 0.8 16.9 17.0 13.4 13.1 11.7 12.2 8.4 2.6 9.5 10.8 10.3 1.5 5.0 1.8 0.9 6.0 17.0* 10.2 10.7 9.0 9.4 8.7 7.4 8.2 6.1 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 *Includes revenue related to the developm
Slide 21: Q1 2026: Profitability
Q1 2026: PROFITABILITY © REMEDY ENTERTAINMENT 2026 EBIT EBITDA % % EURm 4 40 EURm 4 40 3 30 3 2.9 30 2.6 2 20 2 20 1.3 1.0 1 10 1 10 -2.1 -1.2 0 0 0 0 -1 -10 -1 -10 -2 -20 -2 -20 -3 -30 -3 -30 -4 -40 -4 -40 Q1 2024 Q1 2025 Q1 2026 Q1 2024 Q1 2025 Q1 2026 EBIT (EURm) EBITDA (EURm) EBIT margin EBITDA
Slide 22: Q1 2026: Internal and External Expenses
Q1 2026: INTERNAL AND EXTERNAL EXPENSES PERSONNEL COSTS, EXTERNAL DEVELOPMENT COST AND CAPITALIZED © REMEDY ENTERTAINMENT 2026 DEVELOPMENT COST 3.0 3.1 2.7 3.0 2.0 2.2 2.0 2.1 1.7 -1.9 -3.4 -3.1 -3.5 -4.6 -4.5 -4.3 -5.0 -4.9 -6.5 -7.6 -7.2 -8.1 -8.0 -8.1 -8.4 -8.3 -8.4 Q1 2024 Q2 2024 Q3 2024 Q4 202
Slide 23: Q1 2026: Depreciation
Q1 2026: DEPRECIATION FBC: FIREBREAK AND ALAN WAKE 2 DEPRECIATION ONGOING © REMEDY ENTERTAINMENT 2026 -0.9 -0.8 -0.8 -1.3 -1.9 -3.1 -4.2 -4.7 -17.1 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Other depreciation One-time depreciation and impairment Depreciation related to
Slide 24: Q1 2026: Cash Position and Cash Flow
Q1 2026: CASH POSITION AND CASH FLOW CASH POSITION IMPROVED DUE TO TIMING OF INCOMING PAYMENTS © REMEDY ENTERTAINMENT 2026 MOVEMENT OF CASH FLOWS 36.5 -3.2 -0.4 34.0 +8.3 28.0 29.4 27.6 18.8 14.4 9.6 10.7 10.0 19.8 19.6 17.3 17.5 17.7 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Cash Flow Cash Flow Cash Flow Q1
Slide 25: Q1 2026: Cash Flow from Operations
Q1 2026: CASH FLOW FROM OPERATIONS TIMING OF INCOMING PAYMENTS AFFECTED THE CASH FLOW FROM © REMEDY ENTERTAINMENT 2026 OPERATIONS QUARTERLY 11.3 8.3 3.1 -3.3 -6.6 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Cash Flow from Operations (EURm)
Slide 26: Historical Revenue and Profitability Profile
HISTORICAL REVENUE AND PROFITABILITY PROFILE © REMEDY ENTERTAINMENT 2026 Revenue FAS IFRS M€ EBITDA % 70 70 EBIT % 59.5 60 60 50.7 50 50 44.7 43.6 41.1 40 40 33.9 31.6 30 30 20.1 20 16.4 17.2 20 15.5 13.7 13.1 10.5 11.9 10 10 3.8 0 0 -10 -10 -50 -50 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 27: Outlook
Outlook Jean-Charles Gaudechon CEO
Slide 28: Outlook for 2026 (Unchanged)
OUTLOOK FOR 2026 (UNCHANGED) © REMEDY ENTERTAINMENT 2026 Remedy expects its full year revenue and EBITDA to increase from the previous year.
Slide 29: Questions & Answers
Questions & Answers
Slide 30: Q&A Instructions
Q&A INSTRUCTIONS © REMEDY ENTERTAINMENT 2026 ‒ Speakers will now take questions from the investors, analysts and media representatives ‒ Web participants: type in your question(s)
Slide 31: Contact
Contact: ir@remedygames.com investors.remedygames.com RemedyGames
Slide 32: Slide 32