Stable revenues and improved operational profitability Third quarter July–September 2025 The period January–September 2025 • Net revenue decreased SEK 1.0 million to SEK 73.3 million (74.3). • Net revenue during the period decreased SEK 21.1 million • Operating profit (EBIT) decreased SEK 217.9 million to SEK to SEK 194.2 million (215.3). –288.2 million (–70.3), corresponding to an operating margin • Operating profit (EBIT) decreased SEK 119.3 million to SEK of –393.3 percent (–94.6). –405.20 million (–285.9), corresponding to an operating • Write-down of intangible fixed assets in the quarter amounted margin of –208.6 percent (–132.8). to SEK 267.8 million, of which SEK 236.6 million comprised • Write-down of intangible fixed assets in the period amounted acquisitionrelated goodwill. to SEK 297.1 million, of which SEK 236.6 million comprised acqui • Adjusted EBITDA increased SEK 15.7 million to SEK 11.9 million sitionrelated goodwill. (–3.7), corresponding to an adjusted EBITDA margin of 16.3 • Adjusted EBITDA increased SEK 10.2 million to SEK –20.4 million percent (–5.0). (–30.6), corresponding to an adjusted EBITDA margin of –10.5 • Adjusted EBITA increased SEK 5.7 million to SEK –47.6 million percent (–14.2). (–53.3), corresponding to an adjusted EBITA margin of –64.9 • Adjusted EBITA increased SEK 73.9 million to SEK –155.2 million percent (–71.8). (–229.1), corresponding to an adjusted EBITA margin of –79.9 • Profit & loss for the quarter amounted to SEK –283.4 million percent (–106.4). (6,5), and for continuing operations SEK –283.1 million (–19.0).

of –64.9 • Adjusted EBITA increased SEK 73.9 million to SEK –155.2 million percent (–71.8). (–229.1), corresponding to an adjusted EBITA margin of –79.9 • Profit & loss for the quarter amounted to SEK –283.4 million percent (–106.4). (6,5), and for continuing operations SEK –283.1 million (–19.0). • Profit & loss for the period amounted to SEK –386.6 million • Earnings per share before and after dilution amounted to SEK (–394.6), and for continuing operations SEK –383.8 million –1.45 (0.09), and for continuing operations SEK –1.45 (–0.27). (–216.4). • Cash flow from operating activities amounted to SEK –0.8 million • Earnings per share before and after dilution amounted to SEK (–37.8), of which SEK 0.1 million (–0.9) pertained to discontinuing –3.40 (–5.61), and for continuing operations SEK –3.38 (–3.08). operations. • Cash flow from operating activities amounted to SEK –40.4 • Consolidated cash and cash equivalents together with unutilised million (214.7), of which SEK –7.7 million (300.6) pertained to credit facilities amounted to SEK 28.6 million (120.4) as per discontinuing operations. 30 September 2025. • The extraordinary general meeting resolved to approve a directed new share issue of up to 333,333,334 shares to Atari SA.

ised million (214.7), of which SEK –7.7 million (300.6) pertained to credit facilities amounted to SEK 28.6 million (120.4) as per discontinuing operations. 30 September 2025. • The extraordinary general meeting resolved to approve a directed new share issue of up to 333,333,334 shares to Atari SA. Through the directed share issue, the company received issue proceeds of approximately SEK 50 million before deduction of issuance costs. • The extraordinary general meeting resolved, through new elec tions, to appoint Geoffroy Châteauvieux and Andreas Deptolla as ordinary members of the board of directors. • The extension agreement with Danske Bank entered into force, and the company was granted permission to retain EUR 8.0 million of its operating credit facility. Events after the end of the quarter • The Board appoints Mikael Falkner, the company’s CFO, as interim CEO effective November 14.

Key performance indicators GROUP Q3 2025 Q3 2024 Δ% Jan-Sep Jan-Sep 2025 2024 Δ% Net revenue, MSEK 73.3 74.3 –1.3% 194.2 215.3 –9.8% Gross profit, MSEK 62.9 69.0 –8.8% 154.8 176.1 –12.1% Gross margin 85.9% 93.0% 79.7% 81.8% EBITDA, MSEK 11.9 –3.7 419.0% –21.4 –39.7 46.1% Adjusted EBITDA, MSEK 11.9 –3.7 419.0% –20.4 –30.6 33.2% Adjusted EBITDA margin 16.3% –5.0% –10.5% –14.2% EBITA, MSEK –47.6 –53.3 10.8% –156.1 –238.2 34.5% Adjusted EBITA, MSEK –47.6 –53.3 10.8% –155.2 –229.1 32.3% Adjusted EBITA margin –64.9% –71.8% –79.9% –106.4% Operating result (EBIT), MSEK –288.2 –70.3 –310.1% –405.2 –285.9 –41.7% Operating margin (EBIT margin) –393.3% –94.6% –208.6% –132.8% Profit & loss for the period, MSEK –283.4 6.5 –4,442.0% –386.6 –394.6 2.0% Profit & loss for the period for continuing operations, MSEK –283.1 –19.0 1,387.3% –383.8 –216.4 –77.3% Net core working capital, MSEK 0.4 14.5 –97.3% 0.4 14.5 –97.3% Cash flow from operating activities, MSEK –0.8 –37.8 97.9% –40.4 214.7 –118.8% Interest-bearing net debt, MSEK 70.0 23.0 204.1% 70.0 23.0 204.1% Interest-bearing net debt/adjusted EBITDA, R12M –2.2 –0.6 266.7% –2.2 –0.6 266.7% Earnings per share before dilution, SEK –1.45 0.09 –1,661.8% –3.40 –5.61 39.4% Earnings per share after dilution, SEK –1.45 0.09 –1,661.8% –3.40 –5.61 39.4% Earnings per share before dilution for continuing operations, SEK –1.45 –0.27 –435.0% –3.38 –3.08 –9.7% Earnings per share after dilution for continuing operations, SEK –1.45 –0.27 –435.0% –3.38 –3.08 –9.7% See page 25 for the definition of key performance indicators. GODBREAKERS TO THE SKY TO THE SKY

ngs per share before dilution for continuing operations, SEK –1.45 –0.27 –435.0% –3.38 –3.08 –9.7% Earnings per share after dilution for continuing operations, SEK –1.45 –0.27 –435.0% –3.38 –3.08 –9.7% See page 25 for the definition of key performance indicators. GODBREAKERS TO THE SKY TO THE SKY 100%

CEO Comments The third quarter of 2025 was characterized by stable net revenue and clear improvements in the underlying cost structure. Net revenue amounted to SEK 73.3 million, in line with the previous year, while the operating result (EBIT) was impacted by significant depreciation and impairment charges of approximately SEK 300 million, mainly related to asset revaluations. Adjusted for these non-recurring items, the group shows a markedly stronger underlying performance compared with the same period last year. Publishing The publishing segment reported net revenue of SEK 52.6 million (43.5), an increase of over 20 percent compared with the same quarter last year, primarily driven by successful marketing cam paigns and the breadth of our games catalogue. The positive operating profit before depreciation and amortisation also shows that the efficiency measures implemented earlier in the year are delivering the expected results. After the end of the quarter, Godbreakers was released, performing in line with our cautious expectations and initially showing slightly stronger sales than our earlier PC and console releases this year. With continued stable catalogue sales and several key launches – Replaced, Planet of Lana 2, and Aska 1.0 – scheduled for the first half of 2026, we look forward to an exciting year ahead.