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Star Vault (STVA) investor relations material
Star Vault Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary18 Aug, 2025
Executive summary
Net sales for H1 2025 were SEK 4,636,711, slightly down from SEK 4,740,268 year-over-year.
Result after financial items improved to SEK -952,583 from SEK -2,003,430 year-over-year.
Major update 'Reckoning' for Mortal Online 2 released in July, leading to increased player activity.
Ongoing collaboration discussions with NVIDIA to accelerate AI-driven game development.
Launch preparations for a new North American continent to expand the player base.
Financial highlights
Q2 2025 net sales were SEK 2,105,151, down from SEK 2,994,510 in Q2 2024.
Q2 2025 result after financial items was SEK -439,492, an improvement from SEK -832,257 in Q2 2024.
Cash flow for H1 2025 was SEK -630,043, compared to SEK 2,326,638 in H1 2024.
Liquid assets at June 30, 2025, were SEK 3,478,099, down from SEK 3,714,597 a year earlier.
Equity at period end was SEK 14,941,730, up from SEK 14,601,271 year-over-year.
Outlook and guidance
Management expects current cash and projected market development to cover liquidity needs for the next 12 months.
Plans to refine the revenue model in anticipation of the North American launch and player base growth.
Anticipated marketing activities with major influencers to boost Mortal Online 2's user base.
How will the North American continent broaden the audience?
Elaborate on the NVIDIA Al development collaboration.
Explain the plan to commercialize OmniMesh.
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Next Star Vault earnings date
Q3 202517 Nov, 2025
Next Star Vault earnings date
Q3 202517 Nov, 2025
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Frequently asked questions
Star Vault AB is a Sweden-based company specializing in the development of online multiplayer games. The company is known for creating immersive gaming experiences, with a focus on sandbox-style environments and player-driven gameplay. Its flagship product, Mortal Online, is a massively multiplayer online role-playing game (MMORPG). The company is headquartered in Malmö, Sweden, and its shares are listed on the Spotlight Stock Market.
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