Asmodee Group (ASMDEE) AGM 2025 summary

Opening remarks and agenda

• AGM held in Karlstad on 18 September 2025; proceedings included approval of the agenda, voting list and minutes.

• 64.37% of share capital and 72.71% of votes were represented; proceedings were conducted in English.

Financial performance review

• FY 2024/25 net sales were €1.4bn, up €100m year on year, with 7.7% organic growth and 130m units shipped.

• Adjusted EBITDA was €228m, with a 16.7% margin; free cash flow was €197m with an 86% conversion rate.

• Cash was €286.4m and net debt/EBITDA was 2.3x after M&A commitments; the business maintained a CapEx-light model.

• Medium-term targets: mid-single-digit organic growth, EBITDA margin above 18% and net debt/EBITDA below 2x.

• FY 2024/25 financial statements were adopted, and directors and the CEO were discharged from liability.

Board and executive committee updates

• Board and committee structures were established, including Audit & Sustainability and Remuneration Committees, with governance processes aligned to Nasdaq requirements.

• The board held 12 meetings and nine per capsulum meetings; listing preparation and compliance demands shaped its work.

• The seven-member board re-elected Stéphane Carville, Linda Höljö, Jacob Jonmyren, Marc Nunes, Kicki Wallje Lund and Lars Wingefors; Eugene Evans was elected as a new director.

• Lars Wingefors was re-elected chair, and Kicki Wallje-Lund was appointed deputy chair; PwC was re-elected auditor, with Magnus Svensson-Hännesson as lead auditor.