5th Planet Games (5PG) Q4 2025 earnings summary

Executive summary

• 2025 was a transitional year marked by industry-wide challenges, with revenue falling sharply but a modest pre-tax profit achieved due to fair value gains on investments in upcoming games tied to major IPs like Invincible and The Walking Dead.

• The company expanded its physical distribution network and entered new partnerships, notably with Skybound LLC and Sagafilm ehf, broadening its reach into TV and film.

• Delays in key game releases and removal of certain titles from the catalogue negatively impacted digital and physical revenues.

Financial highlights

• Revenue for 2025 was DKK 3.6m, down from DKK 12.6m in 2024; EBIT was a loss of DKK 4.6m (2024: profit of DKK 2.5m); pre-tax profit was DKK 4.6m (2024: DKK 3.5m).

• Net profit for the year was a loss of DKK 1.4m, compared to a profit of DKK 3.5m in 2024.

• Financial income of DKK 13.6m was driven by fair value adjustments on co-publishing investments.

• Total assets increased to DKK 89.9m (2024: DKK 83.1m), mainly due to higher fair value of financial assets.

• Cash flow was negative DKK 1.3m, primarily due to investments in co-publishing and negative operating cash flow.

Outlook and guidance

• 2026 is expected to be a pivotal growth year, with revenue guidance of DKK 28–32m and EBITDA of DKK 20–23m, driven by new releases in the Invincible and The Walking Dead franchises.

• Further significant growth in revenue and profit is anticipated in 2026, with additional guidance to be provided.