FSport (FSPORT) Q3 2025 earnings summary

Executive summary

• Q3 2025 focused on structural and business development, with strengthened positions in new growth areas and continued positive development from Aftermath Interactive AB, a significant associate.

• Major efforts included video initiatives, a new game launch, and ongoing acquisition discussions, with a failed major transaction with foreign investors resulting in one-time legal costs.

Financial highlights

• Net revenue for Q3 2025 was 282 TSEK, down from 706 TSEK year-over-year, mainly due to asset divestments reducing revenue streams.

• EBITDA for Q3 2025 was -1,347 TSEK (vs. -340 TSEK), impacted by one-time acquisition advisory costs of -363 TSEK; adjusted EBITDA was -984 TSEK.

• Result after financial items for Q3 2025 was -1,524 TSEK (vs. -1,080 TSEK).

• Cash flow at the end of Q3 2025 was 5,846 TSEK, up from -504 TSEK, due to proceeds from intangible asset sales.

• Cash and cash equivalents at period end were 7,432 TSEK, up from 2,152 TSEK year-over-year.

Outlook and guidance

• Ongoing focus on strategic partnerships, product launches, and potential acquisitions to drive future growth.

• Continued expansion into the US gaming market through Aftermath Interactive and new product launches.