Remedy Entertainment Oy · OMXHEX:REMEDY
Remedy Entertainment Oy — Remedy Entmt — Q2 2026 Earnings Presentation
30 slides from Remedy Entertainment Oy's earnings presentation, Aug 11, 2026
Slide 1: Half-Year Financial Report January–June 2026
Half-Year Financial Report January–June 2026 August 11, 2026 © REMEDY ENTERTAINMENT 2026
Slide 2: Agenda
AGENDA © REMEDY ENTERTAINMENT 2026 Q2 Business Review CONTROL Resonant Date Reveal · Marketing Ramp Up · Reception · Commercial Indicators · Launch Window Games in Market Alan Wake 2 · Control · FBC: Firebreak Games in Development Financial Results Jean-Charles Gaudechon Santtu Kallionpää CEO CFO Ou
Slide 3: Q2 2026 Business Review
Q2 2026 Business Review Jean-Charles Gaudechon CEO
Slide 4: Q2 2026 Highlights
Q2 2026 HIGHLIGHTS MARKETING RAMPED UP WHILE © REMEDY ENTERTAINMENT 2026 REVENUE DECREASED FINANCIAL HIGHLIGHTS €10.2M -€2.4M Revenue EBITDA -40.0% from the comparison period -€6.6M from the comparison period (€16.9M) (€4.2M) -€3.9M -€0.7M EBIT Operating cash flow -€3.5M from the comparison period -
Slide 5: September 24, 2026
© REMEDY ENTERTAINMENT 2026 SEPTEMBER 24, 2026
Slide 6: Control Resonant: Reveal, Media Embargo and Marketing Ramp Up
CONTROL RESONANT REVEAL, MEDIA EMBARGO AND MARKETING RAMP UP © REMEDY ENTERTAINMENT 2026 JUNE 2 & 5, 2026 Trailers revealed JUNE 5, 2026 Coverage embargo lifted Date reveal JUNE 2 Highly positive sentiment Second trailer JUNE 5
Slide 7: Control Resonant: Ambitious Global Campaign
CONTROL RESONANT WE ARE CONDUCTING AN AMBITIOUS GLOBAL CAMPAIGN © REMEDY ENTERTAINMENT 2026 CAMPAIGN REACH 20bn+ WORLD TOUR IMPRESSIONS 1033 71 CAMPAIGN ACTIVITY June 9 to June 19, 2026 July 31 to August 2, 2026 Coming in Q3 Hands-on world tour ChinaJoy, Shanghai Gamescom, Cologne
Slide 8: Control Resonant: Sentiment from the Previews
CONTROL RESONANT SENTIMENT FROM THE PREVIEWS © REMEDY ENTERTAINMENT 2026 "How video games should be done." Other selected quotes from the media “A bolder sequel than we ever “An incredibly potent mix.” could’ve expected.” “The best game I played at “Remedy cooked with this SGF.” sequel.” “All the ma
Slide 9: Control Resonant: Commercial Indicators
CONTROL RESONANT COMMERCIAL INDICATORS © REMEDY ENTERTAINMENT 2026 Commercial indicators put CONTROL Resonant alongside the industry’s major releases. Wishlists Pre-orders Chinese-speaking China markets 1.5M+ Top 3 * 2 nd WISHLISTS MOST PRE-ORDERED GAME L ARG EST VO L UM E I N PREO RDERS US, Germany
Slide 10: Control Resonant: Launch Window
CONTROL RESONANT LAUNCH WINDOW © REMEDY ENTERTAINMENT 2026 Our priority in selecting the launch window has been to ship an outstanding game. Building on these four components, we remain confident in the positioning. 01 02 03 04 Quality-led All platforms Localization Pricing 8 $59.99
Slide 11: Games in Market: Alan Wake
GAMES IN MARKET ALAN WAKE 2 © REMEDY ENTERTAINMENT 2026 3M+ 2023 lifetime copies sold launch year Alan Wake 2’s consumer sales passed over 3 million lifetime copies sold during the second quarter. Alan Wake 2 continued consumer sales at an expected pace. Royalties were fully generated from consumer
Slide 12: Games in Market: Control
GAMES IN MARKET CONTROL © REMEDY ENTERTAINMENT 2026 6M+ 20M+ 2019 lifetime copies sold lifetime players launch year Control continued its sales momentum and delivered YoY growth in Q2. Marketing around CONTROL Resonant continues to build interest in the franchise and the original game. Control remai
Slide 13: Games in Market: FBC: Firebreak
GAMES IN MARKET FBC: FIREBREAK © REMEDY ENTERTAINMENT 2026 2025 Available launch year In Xbox Game Pass & PlayStation Plus Decline in game sales and royalties was mainly caused by FBC: Firebreak’s launch in the comparison period. Most of FBC: Firebreak’s sales were revenue accruals from subscription
Slide 14: Games in Development
GAMES IN DEVELOPMENT © REMEDY ENTERTAINMENT 2026 NEW PROJECT Releasing Sep 24th, 2026 CONTROL Max Payne New project Resonant 1&2 remake FULL FULL PRODUCTION PRODUCTION PRODUCTION READINESS WITH
Slide 15: Q2 2026 Financial Results
Q2 2026 Financial Results Santtu Kallionpää CFO
Slide 16: Control Resonant Revenue Recognition & Cash Flow
P&L LOGIC WITH PRE-ORDERS AND AFTER LAUNCH CONTROL RESONANT REVENUE RECOGNITION & CASH FLOW © REMEDY ENTERTAINMENT 2026 1 Before the game launch, revenue not visible in AFTER LAUNCH P&L. P&L All pre-orders are recognized2 1 REVENUE Sales are recognized on an ongoing basis 2 Revenue recognition for a
Slide 17: Control Resonant Revenue Recognition & Cash Flow
P&L LOGIC WITH PRE-ORDERS AND AFTER LAUNCH CONTROL RESONANT REVENUE RECOGNITION & CASH FLOW © REMEDY ENTERTAINMENT 2026 1 Before the game launch, revenue not visible in AFTER LAUNCH P&L. P&L All pre-orders are recognized2 1 REVENUE Sales are recognized on an ongoing basis 2 Revenue recognition for a
Slide 18: Q2 2026: Revenue
Q2 2026: REVENUE DECREASE IN REVENUE EXPLAINED MAINLY BY COMPARISON PERIOD © REMEDY ENTERTAINMENT 2026 SUPPORTED BY FBC: FIREBREAK RELEASE -40%* 16.9 9.5 10.3 10.2 0.9 3.8 9.4 7.4 Notes 6.4 *FX neutral change for Q2 revenue calculated with 2025 average FX rates for USD, GBP and SEK is -40.1%. Q2 202
Slide 19: Historical Breakdown of Revenue
HISTORICAL BREAKDOWN OF REVENUE © REMEDY ENTERTAINMENT 2026 -40% 17.9 0.8 16.9 17.0 13.4 13.1 11.7 12.2 8.4 2.6 9.5 10.3 1.5 5.0 10.2 0.9 6.0 17.0* 3.8 10.2 10.7 9.4 8.7 7.4 8.2 6.1 6.4 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Game Sales and Royalties (EURm) *Includes
Slide 20: Q2 2026: Profitability
Q2 2026: PROFITABILITY PROFITABILITY AFFECTED BY REVENUE DECREASE © REMEDY ENTERTAINMENT 2026 EBIT EBITDA % % EURm 5 50 EURm 5 50 4.2 4 40 4 40 3 30 3 30 2 20 2 20 1 10 1 10 -3.2 -0.5 -3.9 -2.4 -2.4 0 0 0 0 -1 -10 -1 -10 -2 -20 -2 -20 -3 -30 -3 -30 -4 -40 -4 -40 -5 -50 -5 -50 Q2 2024 Q2 2025 Q2 2026
Slide 21: Q2 2026: Internal and External Expenses
Q2 2026: INTERNAL AND EXTERNAL EXPENSES PERSONNEL COSTS, EXTERNAL DEVELOPMENT COST AND CAPITALIZED © REMEDY ENTERTAINMENT 2026 DEVELOPMENT COST 3.7 3.0 3.1 2.7 3.0 2.2 1.7 2.0 2.1 -1.9 -2.6 -3.4 -3.1 -3.5 -4.5 -4.3 -5.0 -4.9 -6.5 -7.2 -8.1 -8.0 -8.1 -8.4 -8.3 -8.4 -9.0 Q2 2024 Q3 2024 Q4 2024 Q1 202
Slide 22: Q2 2026: Depreciation
Q2 2026: DEPRECIATION DEPRECIATION AT LOWER LEVEL © REMEDY ENTERTAINMENT 2026 -0.8 -0.8 -1.3 -1.6 -1.9 -3.1 -4.2 -4.7 -17.1 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Other depreciation One-time depreciation and impairment Depreciation related to game projects
Slide 23: Q2 2026: Cash Position and Cash Flow
Q2 2026: CASH POSITION AND CASH FLOW CASH FLOW FROM INVESTMENTS INCLUDING CAPITALIZED DEV COSTS © REMEDY ENTERTAINMENT 2026 HAD THE BIGGEST IMPACT ON CASH POSITION MOVEMENT OF CASH FLOWS 36.5 34.0 -0.7 -3.8 29.6 29.4 -0.4 27.6 14.4 18.8 9.6 9.6 10.0 19.8 19.6 20.0 17.5 17.7 Q2 2025 Q3 2025 Q4 2025 Q
Slide 24: 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 23.3 20.1 20 16.4 17.2 20 15.5 13.7 10.5 11.9 10 10 3.8 -10 -10 -50 -50 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Slide 25: Outlook
Outlook Jean-Charles Gaudechon CEO
Slide 26: 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 27: Questions & Answers
Questions & Answers
Slide 28: 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 29: Contact
Contact: ir@remedygames.com investors.remedygames.com RemedyGames
Slide 30: Slide 30