Gdev Inc. · NASDAQ:GDEV

Gdev — Q2 2025 Earnings Presentation

11 slides from Gdev's earnings presentation, 2025

  1. Slide 1: Financial Results

    Q3 2024 FINANCIAL RESULTS November 14, 2024 © GDEV 2025

  2. Slide 2: Disclaimer

    Disclaimer Forward-looking statements Presentation of Non-IFRS Financial Measures Certain statements in this presentation may constitute “forward-looking statements” In addition to the results provided in accordance with IFRS throughout this for purposes of U.S. federal securities laws. Such stateme

  3. Slide 3: Key operating metrics and financial measure used in the presentation

    Key operating metrics and financial measure used in the presentation Operating metrics Non-IFRS measure • Monthly Paying Users (MPUs) are the number of individuals who made a purchase Adjusted EBITDA. The Company defines Adjusted EBITDA as the profit/loss for the period, of a virtual item at least o

  4. Slide 4: Financial highlights

    Financial highlights Revenue, $MLN Total costs and expenses, excl. D&A, $MLN Other -8% -9% -11% -9% 13% 89 94 89 82 100 Platform commissions Selling and 20% 23% marketing 21% 23% 24% expenses 25% 25% 26% 24% 111 120 25% 106 98 97 53% 55% 53% 52% 51% 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q24 4Q24 1Q25 2Q25

  5. Slide 5: Operating highlights

    Operating highlights Bookings, $MLN Monthly paying users, ‘000 Average bookings per paying user, $ -3% -8% -11% -25% -14% -3% -16% -19% -26% -18% 2% 10% -10% 2% 5% 108 381 102 92 90 93 93 94 92 88 314 312 81 292 284 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q24 4Q24 1Q25 2Q25 Source :

  6. Slide 6: Diversification

    Diversification By games By platforms By geography 6% 3% Pixel Gun 3D PC Other 3% 5% Island Hoppers Mobile 14% 15% Asia Hero Wars: Dominion Era Europe Hero Wars: Alliance 41% 37% US 37% 22% 19% 38% 29% 32% 59% 63% 57% 51% 35% 34% 2Q24 2Q25 2Q24 2Q25 2Q24 2Q25 Source : Company Information (unaudited)

  7. Slide 7: Appendix

    APPENDIX Q1 2025 Financial Results 7

  8. Slide 8: Consolidated statement of comprehensive income

    Consolidated statement of comprehensive income1 Six months ended Six months ended Three months ended Three months ended (in thousands of US$) June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Revenue 216,934 212,755 119,911 105,824 Costs and expenses Cost of revenue: Platform commissions (45,6

  9. Slide 9: Consolidated statement of financial position

    Consolidated statement of financial position June 30, 2025 December 31, 2024 June 30, 2025 December 31, 2024 ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Non-current assets Equity Share capital — — Property and equipment 1,019 1,065 Additional paid-in capital 29,869 29,831 Right-of-use assets 2,112 1

  10. Slide 10: Consolidated cash flow statement

    Consolidated cash flow statement Six months ended Six months ended Six months ended Six months ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Operating activities Investing activities Profit for the year, net of tax 30,891 9,311 Acquisition of intangible assets (3) — Adjustments for:

  11. Slide 11: Reconciliation of the profit/loss for the period to the Adjusted EBITDA

    Reconciliation of the profit/loss for the period to the Adjusted EBITDA US$ million Q2 2025 Q2 2024 Profit for the period, net of tax 17 15 Adjust for: Income tax expense 2 1 (1) Adjusted finance income (0.2) (0.4) Share of loss of equity-accounted associates 2 0.2 Change in fair value of share warr

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