Nitro Games Plc · OMXSTO:NITRO
Nitro Games — H1 2025 Earnings Presentation
22 slides from Nitro Games's earnings presentation, Aug 18, 2025
Slide 1: Half-Year Report January–June 2025
Half-Year JANUARY– JUNE 2025 NITRO GAMES OYJ Report
Slide 2: Reporting period January–June 2025
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Reporting period January–June 2025 Significant events after the reporting period Revenues (Jan - Jun): 4,136 KEUR (5,599 KEUR). No post-period events. EBITDA: 319 KEUR (1,105 KEUR). EBIT: -350 KEUR (225 KEUR). Net result: -401 KEUR (279 KEUR). Other
Slide 3: About Nitro Games
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ About Nitro Games Nitro Games is a game developer and publisher, backed by a multinational team of gaming professionals with expertise spanning game development, publishing, and live operations. Specializing in action and shooter games, Nitro Games
Slide 4: Key performance indicators
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Key performance indicators Apr-Jun 2025 Apr-Jun 2024 Jan-Jun 2025 Jan-Jun 2024 Full Year 2024 Revenue (EUR thousand) 1,702.0 2,925.2 4,136.3 5,598.9 11,392.1 Operating profit/loss (EBIT) (EUR thousand) -436.5 65.4 -349.6 224.8 654.2 Operating profit
Slide 5: Successful navigation through a transition period
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ A WORD FROM JUSSI TÄHTINEN, CEO Successful navigation through a transition period The first half of the year marked a transitional period for Nitro Games, as we In addition to our ongoing projects, we now also have original new games in wrapped up c
Slide 6: A word from Jussi Tähtinen, CEO – Successful navigation through a transition period
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ A WORD FROM JUSSI TÄHTINEN, CEO – SUCCESSFUL NAVIGATION THROUGH A TRANSITION PERIOD Our second goal this year is to leverage the efficiency we have in our scalable Parallel to these operative actions, we’ve also continued improving our balance globa
Slide 7: CEO's comment
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ CEO’s comment: All in all, we’ve successfully navigated a transition period this year. While it hasn’t been easy and has required tough decisions, it has been effective. We now have a growing number of exciting games in development, new partnerships
Slide 8: Significant events during April–June 2025
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Significant events during Other events April–June 2025 Nitro Games signs development agreement with Starbreeze. Nitro Games has signed a development services agreement with Starbreeze to work on one Nitro Games has signed an expansion to the develop
Slide 9: Revenues & Result
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Revenues & Result Revenue was 4,136 KEUR during January-June 2025 (5,599 KEUR) a 29 % year-on- year decline. The revenue during the second quarter was 1,702 KEUR (2,925 KEUR) a 47 % year-on-year decline. EBITDA amounted to 319 KEUR (1,105 KEUR) duri
Slide 10: Cash flow and financial position
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Cash flow and financial position Investments and Depreciation In 2024, Nitro Games initiated the expansion of its game portfolio to new device and publishing platforms. In 2025, the related development platform and Jan-Jun Jan-Jun Full Year EUR thou
Slide 11: Personnel, Market, Related Party Transactions
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Personnel From January to June 2025, Nitro Games’s average number of employees was 49.8 (45.50). Apr-Jun Apr-Jun Change, Jan-Jun Jan-Jun Change, Full Year 2025 2024 % 2025 2024 % 2024 Employees (average for the period) 50.0 45.0 11.1 49.8 45.5 9.5 4
Slide 12: The Share and Shareholders
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ The Share and Shareholders Shareholders Number % of shares of shares and votes Nitro Games’ shares are traded on Nasdaq First North Growth Stockholm since 1 Försäkringsaktiebolaget Avanza Pension 4,107,524 16.48 June 16, 2017. 2 Jönsson Jimmy 1,429,
Slide 13: Calculation of Earnings per Share
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Calculation of Earnings per Share Apr-Jun Apr-Jun Jan-Jun Jan-Jun Full Year 2025 2024 2025 2024 2024 Net profit / loss (EUR thousand) -459.8 171.6 -401.4 279.4 475.3 Number of shares, average 24,924,364 24,924,364 24,924,364 24,924,364 17,440,052 Nu
Slide 14: Review Note, Certified Adviser
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Review Note This report has not been reviewed by the company’s auditors. This company announcement contains information that Nitro Games Oyj is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publ
Slide 15: Board Declaration
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Board Declaration The Board of Directors and the Chief Executive Officer hereby certify that this Half-Year Report gives a true and fair view of the company’s and the group’s operations, financial position, and results of operations, and describes s
Slide 16: Statement of Profit or Loss
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Statement of Profit or Loss Apr-Jun Apr–Jun Jan–Jun Jan–Jun Full Year EUR 2025 2024 2025 2024 2024 Revenue 1,702,001 2,925,168 4,136,304 5,598,889 11,392,070 Other operating income 0 0 0 161 842 Materials and services -456,414 -871,349 -1,086,073 -1
Slide 17: Statement of Financial Position
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ EUR Jun 30 2025 Jun 30 2024 Dec 31 2024 EQUITY AND LIABILITIES Equity Statement of Finacial Position Issued capital 80,000 80,000 80,000 Reserves 30,474,394 30,622,433 30,674,985 Retained earnings -28,105,973 -28,897,011 -28,845,885 EUR Jun 30 2025
Slide 18: Statement of Cash Flows
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ EUR thousand Jan-Jun 2025 Jan-Jun 2024 Full Year 2024 CASH FLOWS FROM OPERATING ACTIVITIES Profit/loss for the financial year -401.4 279.4 475.3 Adjustments for: 0.0 0.0 0.0 Depreciation and amortization 668.9 880.2 1,760.1 Statement of Deferred inc
Slide 19: Statement of Changes in Equity
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Statement of Changes in Equity Invested Invested Issued Retained Total Issued Retained Total EUR thousand Unrestricted EUR thousand Unrestricted capital earnings equity capital earnings equity equity reserv equity reserv Equity as at 1.4.2025 80 30,
Slide 20: Notes to the financial statements
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ Notes to the financial statements 1. Company information 3. Significant accounting policies Nitro Games Oyj (hereafter ‘Nitro Games’ or the ‘Company’), is a Finnish mobile The Interim Financial Statements have been prepared in accordance with the ga
Slide 21: Revenue and segment information
HALF-YEAR REPORT JANUARY–JUNE 2025 NITRO GAMES OYJ 6 Revenue and segment information 7 Impairment of tangible and intangible assets The Company reviews the carrying amounts of its tangible and intangible assets on Disaggregation of revenue an annual basis (or more frequently if events or changes in
Slide 22: For Further information, please contact
For Further information, please contact: Jussi Tähtinen Kotka office Helsinki office Ticker: NITRO CEO, Co-Founder Juha Vainion katu 2 Kaisaniemenkatu 2B, 5th floor FI21348196 +358 44 388 1071 FI-48100 Kotka FI-00100 Helsinki jussi@nitrogames.com Finland Finland nitrogames.com/investors 22