5th Planet Games (5PG) Q2 2026 earnings summary

Executive summary

• Achieved revenue of DKK 6.3M in H1 2026, up from DKK 1.3M in H1 2025, driven by launches of Invincible VS and Sker Ritual.

• EBITDA reached DKK 1.6M, a turnaround from negative EBITDA in H1 2025.

• Net loss before tax was DKK 9.1M, mainly due to a non-cash fair value adjustment of investments in key IP.

• Invincible VS launched successfully, exceeding royalty income forecasts and achieving strong player engagement.

• Signed a five-year global publishing agreement for Sker Ritual, establishing a new business line.

Financial highlights

• Revenue for H1 2026: DKK 6.3M (H1 2025: DKK 1.3M).

• Gross profit: DKK 5.7M (H1 2025: DKK 1.0M).

• EBITDA: DKK 1.6M (H1 2025: DKK -2.9M).

• Net loss: DKK 8.6M (H1 2025: net gain DKK 6.5M), driven by negative fair value adjustments.

• Cash at period end: DKK 381K (H1 2025: DKK 8.6M).

Outlook and guidance

• Full-year 2026 guidance unchanged: revenue DKK 28–32M, EBITDA DKK 20–23M.

• Growth expected from high-profile global entertainment brands and new game launches.

• Risks include potential delays in game releases, changing consumer preferences, and increased competition.