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Star Vault (STVA) investor relations material
Star Vault Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary17 Nov, 2025
Executive summary
Net sales for the nine months ended September 30, 2025, were SEK 6,841,013, down from SEK 8,030,099 year-over-year.
Result after financial items improved to SEK -411,581 from SEK -2,074,034 year-over-year.
Third quarter net sales were SEK 2,204,302, compared to SEK 3,289,831 in the same quarter last year.
Q3 result after financial items was SEK 541,077, up from SEK -70,603 in Q3 2024.
Major product and technology advances included the largest expansion to Mortal Online 2 and significant AI infrastructure investments.
Financial highlights
Q3 2025 net sales: SEK 2,204,302 (Q3 2024: SEK 3,289,831).
Q3 2025 result after financial items: SEK 541,077 (Q3 2024: SEK -70,603).
Nine-month net sales: SEK 6,841,013 (2024: SEK 8,030,099).
Nine-month result after financial items: SEK -411,581 (2024: SEK -2,074,034).
Cash flow for the period: SEK -73,118 (2024: SEK 390,934).
Outlook and guidance
AI-driven development is expected to accelerate innovation and development speed.
Management expects the current cash position and projected market development to cover liquidity needs for the next twelve months.
Several important updates planned in the coming months, leveraging new AI infrastructure.
Details on AI sponsor and Blackwell GPU impact
Drivers for Q3 profit improvement despite lower sales
OmniMesh commercialization strategy and timeline
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Next Star Vault earnings date
Q4 202516 Feb, 2026
Next Star Vault earnings date
Q4 202516 Feb, 2026
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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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