Nitro Games

Nitro Games (NITRO) investor relations material

Nitro Games Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.

Q2 2026 earnings summary17 Aug, 2026

Executive summary

Achieved continued profitability in H1 2026, reversing prior year losses and focusing on disciplined investments in new games, collaborations, and partner projects for long-term value.
Revenue for H1 2026 was €2.53M, down 38.9% year-over-year, primarily due to reduced partner projects.
Significant events included a €1.6M government loan waiver, new development and licensing agreements, and the launch of projects like Warhammer 40,000: Boltgun Boom for mobile.
Strengthened partnerships and signed new agreements with European developers and publishers, including a €2.1M development agreement post-period.
Continued to improve the balance sheet by reducing debt and maintaining a strong cash position.

Financial highlights

Q2 2026 revenue: €1.03M (down 39.6% YoY); H1 2026 revenue: €2.53M (down 38.9% YoY).
Q2 2026 EBITDA: €1.31M (vs. -€0.10M YoY); H1 2026 EBITDA: €1.74M (vs. €0.32M YoY), both including a €1.61M one-off loan forgiveness gain.
Q2 2026 EBIT: €0.97M (vs. -€0.44M YoY); H1 2026 EBIT: €1.07M (vs. -€0.35M YoY).
Q2 2026 net profit: €0.98M (vs. -€0.46M YoY); H1 2026 net profit: €1.06M (vs. -€0.40M YoY).
Cash and cash equivalents at June 30, 2026: €1.89M.

Outlook and guidance

Focus on new original games and partner projects, with ongoing investments in new games and a vision for category-leading titles.
Expect further announcements in both original and partner projects during the year.
Revenue expected to remain subdued in the near term as profitability and long-term value creation are prioritized.
Continued emphasis on profitability, cash flow, and equity management.

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