everplay group (EVPL) H2 2025 earnings summary

Executive summary

• Revenue reached GBP 166 million, up 5% year-on-year when excluding astragon physical distribution.

• Adjusted EBITDA grew 11% to GBP 48.5 million, with margin up 3.1% to 29.2%.

• Strong cash generation supported GBP 4.2 million in shareholder returns and a year-end cash balance of GBP 51.9 million.

• 11 new titles launched, generating 80% more revenue than new titles in the previous year.

• Strategy execution included new releases, partnerships, M&A, and organizational strengthening.

Financial highlights

• Gross profit increased 10% to GBP 76.3 million; gross margin rose 4.4% to 46%.

• Adjusted EBITDA grew 11.3% to GBP 48.5 million; adjusted profit before tax up 11.8% to GBP 48.5 million.

• Basic EPS rose 35% to 18.9p; adjusted EPS up 7% to 25.7p.

• Net cash at year-end was nearly GBP 52 million, despite active M&A and dividend payouts.

• Dividend of 2.9p per share declared, totaling GBP 4.2 million.

Outlook and guidance

• At least 15 new games expected in FY 2026, including at least five first-party IPs.

• Pipeline includes high-profile titles such as Hell Let Loose: Vietnam and Golf With Your Friends 2.

• Management expects adjusted EBITDA for 2026 to be in line with market expectations (£50.5m on £173.6m revenue).

• H2 weighting expected for aEBITDA delivery due to phasing of larger releases.

• Continued focus on first-party IP, evergreen franchises, and M&A opportunities.