Enad Global 7 (EG7) investor relations material

Executive summary

• Net revenue for Q2 2025 reached SEK 379 million, up 7.4% year-over-year, with adjusted EBITDA at SEK 38 million and a 9.9% margin; FX-neutral revenue growth was 17.2%.

• Palia's console launch and content updates, including the Elderwood expansion, significantly increased user engagement and revenue.

• Live service and back catalog titles contributed 70–77% of net revenue, supporting stable and predictable cash flows.

• The group maintains strong liquidity and financial flexibility, with a net cash position of SEK 102.5 million at quarter end.

• The company is actively evaluating M&A opportunities but remains disciplined and selective in execution.

Financial highlights

• Adjusted EBITDA grew 12% year-over-year to SEK 38 million, with a margin of 9.9–10%.

• Net profit for the quarter was SEK 8.4 million, compared to a loss of SEK -38.8 million last year.

• Cash balance at period end was SEK 454–455 million, with total debt of SEK 351.9 million.

• SEK 350 million unsecured bond issued in Q1, supporting a strong cash position.

• Currency fluctuations negatively impacted results, with a SEK 36.5 million FX loss in Q2.

Outlook and guidance

• Palia is expected to become the largest revenue title, with ongoing content updates and features planned.

• Profitability for S6 and BigBlueBubble is expected to improve as marketing costs normalize and anniversary campaigns launch.

• The group will continue to focus on organic growth and selective M&A, leveraging strong financial flexibility.

• Industry challenges persist, but management remains optimistic about long-term growth opportunities.