FY 2025 Results Presentation

Key insights

6 takeaways

01
tinyBuild achieved a financial turnaround in FY 2025, reporting an adjusted EBITDA of $5.6 million compared to a $6.1 million loss in the previous year.See it on page 12
02
Consolidated revenues grew 19% year-over-year to $35.5 million, with 86% of that total generated by the company's own-IP portfolio.See it on page 7
03
Software development investment was reduced to $11.8 million from $19.3 million in FY 2024, reflecting a more disciplined focus on a 40-project pipeline.See it on page 14
04
The company ended the year with $4.6 million in cash, bolstered by improved operating cash flow and the divestment of Red Cerberus.See it on page 16
05
China remains a critical market for the company, accounting for approximately 40% of total sales through successful localization efforts.See it on page 19
06
The development pipeline currently features seven titles ranked in Steam’s top-200 most-wishlisted games, spanning diverse genres including survival co-op and physics-based city builders.See it on page 22

Summary

The presentation outlines tinyBuild’s FY 2025 financial performance and strategic trajectory, emphasizing a shift toward an own-IP portfolio that delivers operating leverage and cash generation. Consolidated revenues rose to $35.5 million, with 86% derived from own-IP titles and a 19% year-over-year increase in total revenue. Adjusted EBITDA swung to $5.6 million, a turnaround from the $6.1 million loss recorded in FY 2024, driven by a favourable revenue mix and disciplined cost control. Net game revenues returned to growth in FY 2025, while software development investment fell to $11.8 million from $19.3 million in FY 2024, reflecting a more focused pipeline of 40 projects under development and a higher proportion of high-potential titles. Cash at year-end increased to $4.6 million, supported by improved operating cash flow and proceeds from the disposal of Red Cerberus.

Geographically, the company targets global markets with a particular emphasis on China, where localisation contributed to roughly 40% of sales. The pipeline includes seven titles in Steam’s top-200 wishlist and a mix of genres—from physics-based city builders to survival co-op games—illustrating diversification. Methodologically, figures are audited for the 12 months to 31 December 2025 and exclude one-off IPO costs, share-based compensation, and Red Cerberus disposal. The presentation concludes that the current strategy of leveraging own-IP, data-driven capital allocation, and a robust development pipeline positions tinyBuild for sustained growth beyond FY 2025.