Enad Global 7 Interim Report: April–June 2025

Key insights

6 takeaways

01
Enad Global 7 reported Q2 2025 net revenue of SEK 378.8 million, a 7.4% year-over-year increase driven by the console launch of Palia and the Elderwood expansion.See it on page 2
02
The company recorded an operating loss of SEK 38.3 million and a net loss of SEK 50.1 million, attributed to elevated marketing spend for new releases and ongoing restructuring costs.See it on page 12
03
Daybreak remains the group's primary revenue engine, providing stability despite a SEK 36.5 million negative impact from currency exchange rates.See it on page 7
04
The Petrol division saw a 21% revenue decline but achieved an adjusted EBITDA of SEK 1.0 million through cost-saving measures and non-gaming partnerships.See it on page 8
05
As of June 30, 2025, the group maintains a solid liquidity position with SEK 204.7 million in cash and cash equivalents and a net cash position of SEK 102.5 million.See it on page 10
06
The organization currently employs 553 staff members and is prioritizing the utilization of existing intellectual property and tax-saving assets to support long-term growth.See it on page 3

Summary

Enad Global 7 achieved net revenue of SEK 378.8 million during the second quarter of 2025, representing a 7.4% year-over-year increase and 6.7% organic growth when adjusted for currency fluctuations. This performance was primarily driven by the successful console launch of Palia and the Elderwood expansion, which bolstered player engagement and monetization metrics across the company’s live-service portfolio. Daybreak continues to serve as the group’s primary revenue engine, providing a stable foundation despite broader market volatility and a SEK 36.5 million negative impact from currency exchange rates.

Financial results for the period reflect a transition phase, characterized by an operating loss of SEK 38.3 million and a net loss of SEK 50.1 million. These figures were influenced by elevated marketing expenditures tied to new releases and ongoing restructuring costs. Within the business segments, the Petrol division experienced a 21% revenue decline but successfully improved its adjusted EBITDA to SEK 1.0 million through strategic cost-saving measures and diversification into non-gaming partnerships. The group maintains a solid liquidity position with SEK 204.7 million in cash and cash equivalents and a net cash position of SEK 102.5 million as of June 30, 2025.

The company emphasizes transparency by utilizing alternative performance measures, such as adjusted EBITDA, to clarify operational health beyond standard IFRS reporting. By reconciling non-recurring items like M&A expenses and restructuring costs, the firm provides a clearer view of its underlying profitability. With a total headcount of 553 employees, the organization remains focused on leveraging its existing intellectual property and tax-saving assets from previous acquisitions to navigate current liabilities and support long-term growth initiatives.