Hacksaw Interim Report: January – March 2026

Hacksaw achieved significant financial expansion during the first quarter of 2026, characterized by a 28 percent year-over-year revenue increase to EUR 57.6 million. This growth trajectory is underpinned by a highly efficient operational model, evidenced by an adjusted EBITDA margin of 85 percent and an adjusted EBIT margin of 82 percent. Profit for the period rose substantially to EUR 45.5 million, up from EUR 30.1 million in the corresponding quarter of the previous year, resulting in earnings per share of EUR 0.157.

The company’s performance is driven by a high-velocity product strategy, featuring the release of 27 new titles and a 43 percent surge in daily rounds played. Commercial momentum remains strong, bolstered by strategic geographic expansion into the United States, specifically marked by the acquisition of a new gaming license in Connecticut. This operational success has solidified the company’s financial position, which concluded the quarter with EUR 176 million in cash and cash equivalents and total equity of EUR 199.1 million.

Looking toward future reporting cycles, the organization has transitioned its parent company reporting currency to the Euro and is actively aligning its accounting practices with the upcoming adoption of IFRS 18. These adjustments reflect a commitment to standardized financial transparency as the company scales its global footprint. By maintaining high margins alongside aggressive product development and regulatory expansion, the firm continues to demonstrate a robust capacity for sustained profitability within the competitive digital gaming sector.