Everplay FY 2025 Final Results

Everplay’s fiscal year 2025 results demonstrate a period of profitable growth and strategic consolidation, characterized by a resilient portfolio model despite mixed divisional performance. The group reported flat total revenues of £166.0 million, though underlying revenue grew by 5% when excluding the strategic exit from the low-margin physical distribution business at its astragon division. Profitability metrics improved significantly, with adjusted EBITDA rising 11.3% to £48.5 million and the adjusted EBITDA margin expanding by 3.1 percentage points to 29.2%. Basic earnings per share increased by 35% to 18.9 pence.

Operational performance varied across the company’s three core segments. Team17 achieved record revenue of £106 million, supported by strong new releases and a robust back catalogue. StoryToys delivered exceptional growth, with revenue up 25% to £30.4 million, driven by high-profile partnerships with Netflix Games and Apple Arcade. Conversely, astragon faced a challenging year, with revenues declining 33% as new releases underperformed and the division underwent a restructuring to exit physical distribution. The group responded by simplifying organizational structures, focusing on core first-party intellectual property, and increasing investment in AI-driven development and quality assurance.

The company maintains a solid financial foundation, ending the year with £51.9 million in cash and a clear commitment to capital allocation through dividends and strategic M&A. Looking ahead to fiscal year 2026, the group plans to release at least 15 new titles, including five first-party projects, with a weighted focus on second-half performance. By leveraging its strengthened organizational agility and a pipeline of high-quality third-party and first-party content, the group remains positioned for continued, predictable growth in line with market expectations.