Asmodee Group (ASMDEE) investor relations material

Opening remarks and agenda

• Lars Wingefors opened the meeting in Karlstad; Ian Gulam was approved as chair.

• The voting list represented 167,755,873 shares and 248,755,873 votes, equal to 70.86% of shares and 78.29% of votes.

• Shareholders approved the agenda and confirmed the meeting was duly convened; proceedings covered annual reports, financial statements, board accountability, elections, remuneration and authorizations.

Financial performance review

• FY2025/26 net sales were €1,684m, up 23.0% reported and 25.9% organically; Europe and Trading Card Games drove growth.

• Trading Card Games sales grew 46.6%; board games declined 1.6%, partner-published games rose 40.0%, and studio-published games fell 5.8%.

• Adjusted EBITDA was €285.4m, with a 17.0% margin versus 16.7% a year earlier; the 12-month rolling margin reached 17.4% at end-June, progressing toward the above-18% target.

• Free cash flow after tax and lease payments was €199.4m, with 69.9% conversion; higher income tax partly offset higher adjusted EBITDA.

• Year-end cash was €436.9m; net debt/EBITDA was 1.5x after M&A commitments and 2.0x pro forma for ATM Gaming.

Board and executive committee updates

• Marc Nunes declined re-election and left the board after two years; the chair recognized his founding and long-standing contributions.

• Anna Mossberg was proposed and approved as a new director; she was described as independent of major shareholders, the business and management, and held 657 shares.

• Board fees increased slightly, and the nomination committee encouraged directors to hold shares.