A more agile and sustainable game company following restructuring program Fourth quarter October–December 2024 The period January–December 2024 • Net revenue decreased 29.6 MSEK to 77.4 MSEK (107.0) compared • Net revenue decreased 91.7 MSEK to 292.8 MSEK (384.4) to the same quarter last year. compared to the same period last year. • Operating profit (EBIT) decreased 76.2 MSEK to –631.5 MSEK • Operating profit (EBIT) decreased 371.4 MSEK to –917.3 MSEK (–555.2), corresponding to an operating margin of –815.5 (–546.0), corresponding to an operating margin of –313.3 percent (–519.0). percent (–142.0). • Write-down of capitalised development cost amounted to 560.2 • Write-down of capitalised development cost amounted to 659.3 MSEK for the quarter, of which 444.0 MSEK was acquisition-related MSEK for the period, of which 444.0 MSEK was acquisition-related goodwill values. goodwill values. • Adjusted EBITDA increased 7.1 MSEK to –10.8 MSEK (–17.9), • Adjusted EBITDA decreased 150.6 MSEK to –41.3 MSEK (109.2), corresponding to an adjusted EBITDA margin of –13.9 percent corresponding to an adjusted EBITDA margin of –14.1 percent (–16.7). (28.4). • Adjusted EBITA increased 0.1 MSEK to –154.8 MSEK (–154.9), • Adjusted EBITA decreased 287.4 MSEK to –383.9 MSEK (–96.5), corresponding to an adjusted EBITA margin of –199.9 percent corresponding to an adjusted EBITA margin of –131.1 percent (–144.8). (–25.1). • Profit & loss for the quarter amounted to –492.9 MSEK (–595.1), • Profit & loss for the period amounted to –887.5 MSEK (–629.8), and for continuing operations –449.1 MSEK (–541.0).

justed EBITA margin of –199.9 percent corresponding to an adjusted EBITA margin of –131.1 percent (–144.8). (–25.1). • Profit & loss for the quarter amounted to –492.9 MSEK (–595.1), • Profit & loss for the period amounted to –887.5 MSEK (–629.8), and for continuing operations –449.1 MSEK (–541.0). and for continuing operations –665.5 MSEK (–579.6). • Earnings per share before and after dilution amounted to –7.01 • Earnings per share before and after dilution amounted to SEK (–8.47), and for continuing operations –6.39 SEK (–7.70). –12.63 SEK (–8.96), and for continuing operations –9.47 SEK • Cash flow from operating activities amounted to 26.7 MSEK (–8.25). (300.0), of which discontinued operations amounted to • Cash flow from operating activities amounted to 241.3 MSEK –7.4 MSEK (489.2). (299.0), of which discontinued operations amounted to 343.6 • Consolidated cash and cash equivalents together with MSEK (346.2). unutilised credit facilities amounted to 150.2 MSEK (209.1) as of 31 December 2024. • Thunderful has signed an agreement with Jumpship’s former owner, Dino Patti, for the transfer of all shares in Jumpship — Events after the end of the quarter Limited. The company has also reached a settlement agree • On February 10, 2025 the Thunderful shareholders ment regarding former seller claims on future earnouts in approved the transfer of the Jumpship shares. exchange for shares in Jumpship Ltd. According to the settle Closing of the divestment is expected to be con ment agreement, Jumpship shall receive 752,6 TGBP from cluded shortly. Thunderful, which corresponds to expected wind-down costs. Thunderful shall also waive all internal loans to Jumpship.

exchange for shares in Jumpship Ltd. According to the settle Closing of the divestment is expected to be con ment agreement, Jumpship shall receive 752,6 TGBP from cluded shortly. Thunderful, which corresponds to expected wind-down costs. Thunderful shall also waive all internal loans to Jumpship. The transfer of shares is conditional upon shareholder approval at the extraordinary shareholders’ meeting.

Key performance indicators Quarter Period GROUP Q4 2024 Q4 2023 Δ% Jan-Dec 2024 Jan-Dec 2023 Δ% Net revenue, MSEK 77.4 107.0 –27.6% 292.8 384.4 –23.8% Gross profit, MSEK 53.4 56.2 –5.0% 229.6 319.4 –28.1% Gross margin 69.0% 52.6% 78.4% 83.1% EBITDA, MSEK –29.7 –22.4 –32.8% –69.4 99.8 –169.5% Adjusted EBITDA, MSEK –10.8 –17.9 39.6% –41.3 109.2 –137.8% Adjusted EBITDA margin –13.9% –16.7% –14.1% 28.4% EBITA, MSEK –173.7 –159.4 –9,0% –411.9 –105.9 288.9% Adjusted EBITA, MSEK –154.8 –154.9 0.1% –383.9 –96.5 297.8% Adjusted EBITA margin –199.9% –144.8% –131.1% –25.1% Operating result (EBIT), MSEK –631.5 –555.2 –13.7% –917.3 –546.0 –68.0% Operating margin (EBIT margin) –815.5% –519.0% –313.3% –142.0% Profit & loss for the period, MSEK –492.9 –595.1 17.2% –887.5 –629.8 –40.9% Profit & loss for the period for continuing operations, MSEK –449.1 –541.0 17.0% –665.5 –579.6 –14.8% Net core working capital, MSEK 8.9 526.3 –98.3% 8.9 526,3 –98.3% Cash flow from operating activities, MSEK 26.7 300.0 –91.1% 241.3 299.0 –19.3% Interest-bearing net debt, MSEK –7.7 402.1 –101.9% –7.7 402.1 –101.9% Interest-bearing net debt/adjusted EBITDA, R12M, MSEK 0.2 3.7 –94.6% 0.2 3.7 –94.6% Earnings per share before dilution, SEK –7.01 –8.47 17.2% –12.63 –8.96 –41.0% Earnings per share after dilution, SEK –7.01 –8.47 17.2% –12.63 –8.96 –41.0% Earnings per share before dilution for continuing operations, SEK –6.39 –7.70 17.0% –9.47 –8.25 –14.8% Earnings per share after dilution for continuing operations,

before dilution, SEK –7.01 –8.47 17.2% –12.63 –8.96 –41.0% Earnings per share after dilution, SEK –7.01 –8.47 17.2% –12.63 –8.96 –41.0% Earnings per share before dilution for continuing operations, SEK –6.39 –7.70 17.0% –9.47 –8.25 –14.8% Earnings per share after dilution for continuing operations, SEK –6.39 –7.70 17.0% –9.47 –8.25 –14.8% Net profit margin –636.5% –556.2% –303.1% –163.8% Net profit margin for continuing operations –580.0% –505.7% –227.3% –150.8% See page 27 for the definition of key performance indicators. LOST IN RANDOM: THE ETERNAL DIE STORMTELLER GAMES THE ETERNAL DIE STORMTELLER GAMES

CEO Comments 2024 was a transformative year for Thunderful Group. We have taken critical steps to strengthen our financial control, streamline operations, and create a clearer path forward. The decision in November to focus more explicitly on game publishing in collaboration with external studios also marks an important change. The many changes throughout the year have laid the foundation for a more financially sustainable and flexible business. During the fourth quarter, we implemented the restructuring pro Looking ahead to the future gram announced in November. The program aims to streamline Despite major challenges this year, we have seen improvements our publishing operations and is expected to generate annual in our operational efficiency and financial control. These positive cost savings of 80–90 MSEK. At the same time, we are increasing developments give us renewed confidence, which, combined our investment in publishing rights to strengthen our future game with several exciting and important launches in 2025, make us portfolio and create new revenue streams. One-time costs related optimistic about the future. Our commercial ambition for the year to the restructuring are estimated at a maximum of 30 MSEK, of is clear: to ensure positive cash flow and create the necessary which 19 MSEK was recognized in the fourth quarter. Additionally, conditions for sustainable growth. we have made write-downs of development costs, goodwill, and Our increased focus on collaboration with external game stu game rights amounting to 560 MSEK, of which 216 MSEK were dios makes it easier to adapt to changing market conditions.