Interim Report: Jan-Mar 2026

Enad Global 7 navigated a challenging first quarter of 2026, characterized by a 24.2% year-over-year decline in net revenue to SEK 345.3 million. This contraction, influenced by unfavorable currency fluctuations and a backloaded release schedule at Fireshine, resulted in an adjusted EBITDA of SEK 51.0 million. Despite these top-line pressures, the company successfully transitioned to profitability, recording a net profit of SEK 20.8 million compared to a loss of SEK 18.5 million in the same period of the previous year. Operational cash flow remained robust at SEK 89.1 million, supported by consistent performances from the Daybreak and Big Blue Bubble segments.

To bolster long-term financial health, management initiated strategic restructuring efforts, including staff reductions at Piranha and Petrol. These measures are projected to generate approximately SEK 60 million in combined annual cost savings. The company’s balance sheet remains stable, concluding the quarter with a net debt position of SEK 54.9 million. Furthermore, the firm is actively pursuing inorganic growth, as evidenced by a letter of intent to acquire Cold Iron Studios, signaling a commitment to expanding its development capabilities.

Looking ahead, the outlook for the remainder of 2026 remains optimistic. The company anticipates a financial recovery in the second quarter, bolstered by the late-April launch of Far Far West and a strong pipeline of upcoming content. Key growth drivers include the highly anticipated release of Aliens: Fireteam Elite 2 and significant expansions for Palia. By balancing immediate cost-optimization strategies with a focus on high-potential product launches, the organization aims to stabilize its revenue trajectory and capitalize on its diversified portfolio of gaming assets.