Embracer Group (EMBRAC) AGM 2026 summary

Opening remarks and agenda

• AGM held in Karlstad on 24 September 2026; Ian Gulam was approved as chair and English as the meeting language.

• Represented shareholders held 62.22% of capital and 72.09% of votes; the voting list and agenda were approved.

• Meeting declared duly convened after notice was published on 24 August on the website and on 27 August in the Swedish Official Gazette and Svenska Dagbladet.

Financial performance review

• FY 2025/26 net sales were SEK 15.9bn, down 25% reported and 3% organically; adjusted EBIT was SEK 905m, with a 6% margin.

• FY free cash flow was SEK 50m; operating cash flow of SEK 3bn funded game-development capex, and year-end net cash was SEK 3.8bn.

• A quiet PC/Console release slate, divestments and FX weighed on comparisons; roughly half of the seven-point YoY software-adjusted EBIT margin decline reflected the Easybrain divestment.

• Q1 FY 2026/27 organic growth was 33%; Cash EBIT improved SEK 146m YoY and cash flow improved SEK 386m YoY.

• Kingdom Come: Deliverance II and REANIMAL performed strongly; Coffee Stain Group's spin-off was completed.

Board and executive committee updates

• Lars Wingefors was re-elected Chair and Kicki Wallje-Lund appointed Deputy Chair; Jacob Jonmyren, Yasmina Brihi, Cecilia Qvist and Brian Ward were proposed for re-election.

• Six directors were confirmed, with Audit and Sustainability Committee and Remuneration Committee memberships; PwC was re-elected auditor, with Magnus Svensson Henryson as lead auditor.

• Bernt Ingman stepped down after three years on the board; he chaired the Audit Committee and was recognized for disciplined oversight and cost focus.

• The nomination committee held five recorded meetings, reviewing board evaluations and strategy and interviewing each director and the auditor.