Flexion Mobile (FLEXM) Q1 2026 earnings summary

Executive summary

• Q1 2026 maintained momentum with portfolio expansion and integration of services under the new Exprexion brand, combining influencer marketing and distribution for game developers.

• Streamlined operations and reduced overhead by centralizing teams and leveraging AI, resulting in an 18% year-over-year reduction in headcount.

• Divestment of non-gaming assets is underway, with the German entity expected to close by year-end.

Financial highlights

• Total revenue was GBP 18.0m, flat year-on-year from Q1 2025.

• Gross profit rose 7% year-on-year to GBP 2.1m.

• Adjusted EBITDA improved to GBP 0.21m from -0.46m, a 145% year-on-year increase.

• Net profit reached GBP 0.03m, up from a loss of GBP -0.71m year-on-year.

• Cash reserves stood at GBP 13.9m as of March 31, 2026, with no debt.

Outlook and guidance

• On track to reach 50 games under contract by year-end, with a growing sales pipeline.

• Financial benefits from restructuring, especially in the Creators segment, expected to materialize in H2 2026.

• Market positioning is strong due to regulatory trends favoring independent stores and alternative payments.