Embracer Group (EMBRAC) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed in-person and online participants; agenda covered presentations, market update, Q&A and formal AGM proceedings.

• Formal business included voting-list approval, election of meeting chair, minute certification and confirmation of proper convening.

Financial performance review

• FY 2024/25 net sales were SEK 22,370m, down 18% YoY and 9% organically; adjusted EBIT was SEK 3,344m, down 33%.

• Free cash flow improved to SEK 1,351m from SEK -819m, while year-end net cash reached SEK 5.4bn.

• Divestments and spin-offs, including Asmodee, Easybrain and Gearbox, supported cash generation and debt reduction; Asmodee listed on Nasdaq Stockholm in February.

• Adjusted EBIT margin was pressured by revenue mix changes and fewer new releases.

• Headcount nearly halved since 2022/23, alongside a streamlined project pipeline.

Board and executive committee updates

• Seven directors were re-elected: Jacob Jonmyren, Kicki Wallje-Lund, Lars Wingefors, Yasmina Brihi, Bernt Ingman, Cecilia Qvist and Brian Ward.

• Lars Wingefors became Board Chair after stepping down as CEO; Kicki Wallje-Lund was appointed Deputy Chair, and committee memberships were confirmed.

• PwC was re-elected auditor, with Magnus Svensson Henryson remaining main responsible auditor.