Second quarter, July-September 2026

• Net sales amounted to EUR 551.8 million (403.4), an increase of 36.8%, of which 33.3% organic growth.
  • Games published by asmodee studios increased by 26.5%.
  • Games published by partners increased by 42.4%.
  • Others increased by 3.4%.
• Adjusted EBITDA amounted to EUR 113.8 million (76.1), corresponding to an adjusted EBITDA margin of 20.6% (18.9).
• Adjusted EBIT amounted to EUR 105.9 million (68.6). EBIT amounted to EUR 94.9 million (54.3) and included items affecting comparability of EUR 5.1 million related to tariff refunds on previously paid duties.
• Adjusted profit/loss for the quarter was EUR 69.3 million (32.0), which equates to adjusted earnings per share of EUR 0.29 (0.14).
• Profit/loss for the quarter amounted to EUR 57.6 million (-6.2), which equates to basic earnings per share of EUR 0.24 (-0.03).
• Free cash flow after income tax and lease payments amounted to EUR 15.4 million (-24.0), resulting in a free cash flow conversion relative to adjusted EBITDA of 13.5% (-31.6).

The period, April-September 2026

• Net sales amounted to EUR 973.9 million (752.4), an increase of 29.4%, of which 27.2% organic growth.
  • Games published by asmodee studios increased by 16.5%.
  • Games published by partners increased by 34.9%.
  • Others increased by 7.9%.
• Adjusted EBITDA amounted to EUR 175.7 million (116.0), corresponding to an adjusted EBITDA margin of 18.0% (15.4).
• Adjusted EBIT amounted to EUR 160.0 million (101.5). EBIT amounted to EUR 135.4 million (69.6) and included items affecting comparability of EUR 6.4 million related to tariff refunds on previously paid duties.
• Adjusted profit/loss for the period was EUR 101.0 million (46.1), which equates to adjusted earnings per share of EUR 0.43 (0.20).
• Profit/loss for the period amounted to EUR 74.6 million (-7.8), which equates to basic earnings per share of EUR 0.32 (-0.03).
• Free cash flow after income tax and lease payments amounted to EUR 52.9 million (0.7), resulting in a free cash flow conversion relative to adjusted EBITDA of 30.1% (0.6).
• Leverage ratio amounted to 1.5x (1.8) and 1.7x (2.4) before and after M&A commitments respectively.

Material events during and after the reporting period

• No material events during or after the reporting period.

Time for webcast and teleconference
Friday November 13 at 9:00 a.m. CET

Participation options:

Webcast: If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions.
https://asmodee.events.inderes.com/q2-2026-27

Teleconference: If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://events.inderes.com/asmodee/q2-2026-27/dial-in