Star Vault (STVA) Q2 2026 earnings summary

Executive summary

• Net sales for H1 2026 were SEK 3,606,962, down from SEK 4,636,711 year-over-year.

• Result after financial items for H1 2026 was SEK -1,214,926, compared to SEK -952,658 last year.

• Q2 2026 saw the launch of the Sarducaa expansion for Mortal Online 2, including a dedicated North American server, which drove increased player activity and positive community feedback.

• Significant internal investments were made in production structure, automation, and AI systems to improve development efficiency.

Financial highlights

• Q2 2026 net sales were SEK 1,848,144, down from SEK 2,104,151 in Q2 2025.

• Q2 2026 result after financial items was SEK -162,885, an improvement from SEK -439,492 in Q2 2025.

• Cash and cash equivalents at June 30, 2026, were SEK 2,270,574, compared to SEK 3,478,099 a year earlier.

• Equity at period end was SEK 13,868,883, down from SEK 14,941,730 year-over-year.

• Cash flow for H1 2026 was SEK -601,840, compared to SEK -630,043 for H1 2025.

Outlook and guidance

• The board expects existing cash and projected market development to cover liquidity needs for the next twelve months.

• Expansion into the North American market and improved internal production capabilities are expected to support future growth.