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Beyond Frames
Beyond Frames (BEYOND) investor relations material
Beyond Frames Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Feb, 2026
Executive summary
Q4 2025 sales were 28,673 kSEK, down from 43,264 kSEK year-over-year, but EBITDA rose 133% to 8,467 kSEK due to stable recurring income, milestone payments, and cost control.
Full-year 2025 sales reached 129,980 kSEK, a 26% decrease from 175,834 kSEK in 2024, while EBITDA improved 40% to 17,625 kSEK.
Profit after financial items for Q4 was 2,338 kSEK (vs. -4,395 kSEK), and for the year -10,412 kSEK (vs. -19,386 kSEK).
Cash at year-end was 8,865 kSEK, up from 7,364 kSEK a year earlier.
Major VR title Teenage Mutant Ninja Turtles: Empire City is on track for Spring 2026 release, with strong pre-release recognition.
Financial highlights
Q4 EBITDA per share was 0.45 SEK (0.21 SEK last year); profit per share after financial items was 0.13 SEK (-0.25 SEK).
Full-year EBITDA per share was 0.95 SEK (0.72 SEK); profit per share after financial items was -0.56 SEK (-1.10 SEK).
Operating expenses in Q4 fell 33% year-over-year, mainly due to lower external costs and more efficient staffing.
Investments in intangible assets for Q4 were 10,554 kSEK, up from 7,359 kSEK.
Outlook and guidance
Management prioritizes profitability and margin discipline, with adequate liquidity and secured project funding for key releases.
Anticipates healthy cash levels through cost-saving measures, credit facility access, and expected revenue from TMNT: Empire City.
Advanced discussions ongoing with major publishers and IP partners for future projects.
GORN 2 recoupment delay: cash flow impact?
Smart glasses: content strategy and partner plans?
What specific drivers improved EBITDA margin?
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Next Beyond Frames earnings date
Q1 202622 May, 2026
Beyond Frames
Next Beyond Frames earnings date
Q1 202622 May, 2026
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Frequently asked questions
Beyond Frames Entertainment AB is a Swedish company within the video games industry. The company focuses on developing and investing in digital games and entertainment, leveraging a network of studios with a specialization in Virtual and Augmented Reality. Its business model involves both the acquisition and organic development of new studios, showcasing a commitment to expanding the boundaries of digital entertainment through innovative technologies. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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