Stillfront Group Ab · OMXSTO:SF
Stillfront Group Ab — Q2 2025 Earnings Presentation
12 slides from Stillfront Group Ab's earnings presentation, Jul 22, 2025
Slide 1: Stillfront Group Q2 2025
Stillfront Group Q2, 2025 »
Slide 2: Key franchise activities in Q2 2025
Key franchise activities in Q2 2025 1 Announced Supremacy: Warhammer 40,000. Big Farm Homestead entered technical launch phase. 2 Successful expansion of key franchises, with Supremacy: WW3 and Ludo Club scaling and growing well. Strengthened Candywriter setup for future Bilife 3 expansion. Complete
Slide 3: Spotlight: Direct-to-consumer
Spotlight: Direct-to-consumer • Growing DTC to improve product Bookings by revenue stream % - 2023 2024 2025 Excluding external partnerships Q2* Q2* Q2 profitability has been a priority for most key franchises, ensuring that Stillfront Ad bookings 13% 13% 11% remains an industry leader in DTC-share.
Slide 4: Europe
Europe Net revenue UAC Adj EBITDAC (organic growth, %) (UAC/Net revenue, %) (margin, %) 653SEKm, (-14.5%) -243 SEKm, (-37%) 132 SEKm, (20%) 1,000 7.5% -300 -60% 400 40% 750 1.5% -45% 300 30% -200 500 -4.5% -30% 200 20% -100 250 -10.5% -15% 100 10% 0 -16.5% 0 0% 0 0% 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q2
Slide 5: North America
North America Net revenue UAC Adj EBITDAC (organic growth, %) (UAC/Net revenue, %) (margin, %) 309SEKm, (-18.3%) -174 SEKm, (-56%) 13 SEKm, (4%) 600 0.0% -300 -80% 60 12% 450 -6.0% -225 -60% 45 9% 300 -12.0% -150 -40% 30 6% 150 -18.0% -75 -20% 15 3% 0 -24.0% 0 0% 0 0% 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3
Slide 6: MENA & APAC
MENA & APAC Net revenue UAC Adj EBITDAC (organic growth, %) (UAC/Net revenue, %) (margin, %) 473 SEKm, (1.9%) -20SEKm, (-4%) 261 SEKm, (55%) 600 16.0% -40 -8% 300 60% 450 12.0% -30 -6% 225 45% 300 8.0% -20 -4% 150 30% 150 4.0% -10 -2% 75 15% 0 0.0% 0 0% 0 0% 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q24 4Q24 1
Slide 7: Financial highlights in the quarter
Financial highlights in the quarter Net revenue UAC Adj EBITDAC Free cash flow (organic growth, %) (UAC/Net revenue, %) (margin, %) LTM 1,436 -436SEKm, (-11.3%) SEKm, (-30%) 374 SEKm, (26%) 1,089 SEKm 1,800 0.0% -600 -40% 600 40% 1200 1,600 -4.0% -30% 450 30% 900 -400 1,400 -8.0% -20% 300 20% 600 -2
Slide 8: Strong free cash flow generation in the quarter
Strong free cash flow generation in the quarter SEKm Q2 2025 Q2 2024 LTM LTM Cash flow from operations (before NWC) 362 482 2Q25 2Q24 Change in net working capital 21 -48 Cash flow from operations (CFFO) 383 434 Cash flow from investment activities -713 -668 Free cash flow 1,089 737 Cash flow from f
Slide 9: Financial position
Financial position Total debt profile Maturity profile Net debt, incl NTM cash earnouts SEKm SEKm SEKm (Leverage ratio*) 6,197 6,125 5500 3.0 5,872 5,656 536 5,310 5000 2.5 1,690 1,625 2,032 2.2 2.2 2.1 1,871 1,114 2.1 2.0 1.9 4500 1.5 3,264 4000 5,022 4,745 4,736 1.0 4,507 4,603 4,247 4,093 4,196 4
Slide 10: Cost optimization
Cost optimization SEK 200 – 250m annualized run-rate 225 70 50 39 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 10
Slide 11: Key focus going forward
Key focus going forward 1 Focusing investment on key franchises 2 Successfully launch new games 3 Continue to deliver strong margins & cash flow 4 Execute on strategic review 11
Slide 12: ID Stillfront
ID Stillfront