Coffee Stain Group AB will list its class B shares on Nasdaq First North Premier on 11 December 2025, following a distribution of Embracer Group holdings.
02
Revenue is highly concentrated, with approximately 90% of sales generated by six flagship titles including Goat Simulator, Satisfactory, and Valheim.
03
Financial performance declined in FY 2024/25, with adjusted EBIT falling to SEK 126 million from SEK 240 million and margins contracting from 50% to 31%.
04
The company maintains a debt-free cash position of SEK 500 million as of Q2 2025/26, supporting a healthy cash-EBIT margin of approximately 44%.
05
The governance structure features a dual-share class system where class A shares carry ten votes each and class B shares carry one vote, totaling 225 million shares post-split.
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Operational risks include heavy reliance on intellectual property protection, potential currency exposure from USD-denominated sales, and vulnerability to industry shifts and talent attrition.
07
The company utilizes a capital-light, early-access development model focused on sandbox, simulation, and cooperative action genres to drive free cash flow.
Insights
01
Coffee Stain Group AB will list its class B shares on Nasdaq First North Premier on 11 December 2025, following a distribution of Embracer Group holdings.
02
Revenue is highly concentrated, with approximately 90% of sales generated by six flagship titles including Goat Simulator, Satisfactory, and Valheim.
03
Financial performance declined in FY 2024/25, with adjusted EBIT falling to SEK 126 million from SEK 240 million and margins contracting from 50% to 31%.
04
The company maintains a debt-free cash position of SEK 500 million as of Q2 2025/26, supporting a healthy cash-EBIT margin of approximately 44%.
05
The governance structure features a dual-share class system where class A shares carry ten votes each and class B shares carry one vote, totaling 225 million shares post-split.
06
Operational risks include heavy reliance on intellectual property protection, potential currency exposure from USD-denominated sales, and vulnerability to industry shifts and talent attrition.
07
The company utilizes a capital-light, early-access development model focused on sandbox, simulation, and cooperative action genres to drive free cash flow.