Digital Bros Group Half-Year Condensed Financial Statements: 31 December 2025

Key insights

7 takeaways

01
Digital Bros achieved a positive net financial position of Euro 4.3 million as of December 31, 2025, an improvement of Euro 20.9 million compared to the Euro 16.6 million net debt reported on June 30, 2025.See it on page 66
02
The Group wrote off its entire remaining carrying amount in Starbreeze AB, recognizing a Euro 5.7 million loss to reflect its share of Starbreeze's losses, though it retains a 19.11% stake in the company.See it on page 53
03
Cost of sales rose to Euro 4.3 million, with royalty expenses increasing to 60.1% of total revenue compared to 28.4% in the prior year, primarily due to lower-than-expected revenue from 505 Go! titles failing to meet contractual minimums.See it on page 30
04
The company reported a profit of Euro 2.0 million for the period ending December 31, 2025, a significant turnaround from the Euro 3.5 million loss recorded in the same period of the previous fiscal year.See it on page 41
05
Digital Bros maintains active development pipelines through subsidiaries, including Assetto Corsa Rally (Early Access launched November 13, 2025) and Directorate: Novitiate via its 75%-owned Chrysalide Jeux et Divertissement Inc.See it on page 7
06
The Group successfully met all financial covenants, including a Gearing Ratio below 0.5 and a Leverage Ratio below 1, throughout the reporting period.See it on page 67
07
No earn-out payments from PAYDAY 3 have been recognized as of December 31, 2025, and none are expected in the short term based on current performance and settlement agreement calculations.See it on page 51

Summary

Half year condensed financial statements (First half of Fiscal Year 2025/2026) Via Tortona, 37 - 20144 Milan, Italy Share Capital: Euro 6.024.334,80 of which Euro 5.706.014,80 subscribed Milan Companies House no. 290680-Vol. 7394 Chamber of Commerce no.