Safe Lane Gaming (SLG) Q1 2026 earnings summary

Executive summary

• Q1 2026 net revenue was 2.9 MSEK, down from 5.3 MSEK year-over-year due to the divestment of Raketspel and a focus on core titles.

• EBITDA was 0.1 MSEK, stable versus last year, while net income improved to 0.1 MSEK from -13.9 MSEK, reflecting the absence of major write-downs.

• The company now operates with a simplified structure, no bank debt, and a more focused portfolio centered on Battle Camp.

• Battle Camp remains the main revenue driver, with ongoing events and content updates supporting player engagement.

• Strategic efforts continue to expand the Battle Camp universe and reactivate acquired titles through Vanguard Studio.

Financial highlights

• Net revenue for Q1 2026 was 2,893,567 SEK, down from 5,318,402 SEK in Q1 2025.

• EBITDA for Q1 2026 was 85,791 SEK, compared to 120,610 SEK in Q1 2025.

• Net income after financial items was 85,836 SEK, a significant improvement from -13,886,107 SEK in Q1 2025.

• Equity ratio improved to 23.3% from 12.3% year-over-year.

• Earnings per share for Q1 2026 was 0.01 SEK, up from -1.67 SEK in Q1 2025.

Outlook and guidance

• Focus for the remainder of 2026 is on strengthening Battle Camp, developing the game universe, and disciplined pursuit of growth opportunities.

• Selective acquisitions are being evaluated to complement the current strategy.