Star Vault (STVA) Q1 2025 earnings summary

Executive summary

• Net sales increased to SEK 2,532,559 in Q1 2025 from SEK 1,745,758 year-over-year.

• Net loss after financial items improved to SEK -513,166 from SEK -1,171,173 year-over-year.

• Solid equity ratio of 92.1% compared to 84.6% a year earlier.

• Focus remains on scaling Mortal Online 2, with major expansion and new continent launch planned for summer.

• No significant events reported during the quarter; post-period, proprietary MMO networking tech reached near-commercial level.

Financial highlights

• Operating loss narrowed to SEK -513,178 from SEK -1,171,195 year-over-year.

• Cash flow for the period was SEK -148,579, a significant improvement from SEK -834,880 year-over-year.

• Cash and cash equivalents at period end were SEK 3,959,563, up from SEK 553,079 year-over-year.

• Equity at period end was SEK 15,381,222, up from SEK 12,189,483 year-over-year.

• Development costs capitalized during the quarter totaled SEK 1,007,000, up from SEK 583,000 year-over-year.

Outlook and guidance

• Management expects cash and projected market development to cover liquidity needs for the next 12 months.

• Major marketing campaigns and product launches are planned for summer, expected to drive player growth and improved financials.