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The BANDAI NAMCO Group develops entertainment-related products and services in a wide range of fields, including toys, game software, arcade game machines, visual content, music content, and amuse- ment facilities. We aim to become a “Globally Recognized Entertainment Group” by establishing a strong operational foundation in Japan while aggressively developing operations in overseas markets to secure “Dreams, Fun and Inspiration” are the Engine of Happiness.

The BANDAI NAMCO Group develops entertainment-related products and services in a wide range of fields, including toys, arcade game machines, home video game software, visual software, network content, and amusement facilities. In April 2012, we started a Mid-term Plan that includes the vision of “Empower, Gain Momentum, Accelerate Evolution.” Aiming to be No. 1 with strong conviction, we are committed to being the “Leading Innovator in Global Entertainment” and recording strong growth.

I N T E G R AT E D R E P O R T 2 0 2 0 The BANDAI NAMCO Group develops entertainment-related products and services in a wide range of fields, including toys, network content, home video games, amusement machines, amusement facilities, and visual and music content. “Dreams, Fun and Inspiration” are the Engine of Happiness.

14.59 Moscow Stockholm CEO’s Review 1 CFO’s Review 4 Five Year Summary 6 Modern Responsibility 10 Directors’ Report 16 The MTG Share 46 Corporate Governance Report 50 Board of Directors 60 Executive Management 63 Consolidated Financial Statements 67 Parent Company Financial Statements ...

CEO’s Review 1 Directors’ Report 11 The MTG Share 32 Corporate Governance Report 36 Board of Directors 46 Executive Management 49 Consolidated Financial Statements 54 Parent Company Financial Statements 59 Notes to the Accounts 64 Audit Report 119 Definitions 121 Glossary 12...

The Q4 2025 investor presentation details a period of record financial performance for the company, characterized by significant revenue growth and successful strategic integration. The primary thesis centers on the company’s transformative year, highlighted by the successful consolidation of Plarium and a shift toward a midcore gaming focus. For the fourth quarter of 2025, the company achieved net sales of SEK 3,123 million, representing an 8% organic growth rate and a 108% increase in constant currency year-over-year. Adjusted EBITDA reached SEK 717 million, maintaining a 23% margin, while unlevered free cash flow totaled SEK 878 million with a 66% conversion rate.

The scope of the report covers the global gaming operations of the company throughout the 2025 fiscal year, with specific emphasis on the fourth quarter. Key operational findings indicate that user acquisition (UA) spending rose to 38% of revenue in Q4, a 98% year-over-year increase in constant currency, largely driven by the integration of Plarium and the scaling of casual and racing franchises. Revenue streams showed a notable shift, with direct-to-consumer contributions rising 600 basis points to 32% of the total. Franchise performance was bolstered by strong results in the racing and word game segments, which saw year-over-year growth of 43% and 28%, respectively.

Methodologically, the financial data is presented on a reported basis, with constant currency adjustments applied to isolate organic growth trends. The report incorporates full-year 2025 figures and highlights the impact of the Plarium acquisition, which was integrated into the group starting in February 2025. Looking ahead, the company concludes the period with a stable leverage ratio and a new organizational structure, positioning itself for continued midcore expansion and the potential public offering of its PlaySimple division.

The Modern Times Group Q1 2025 investor presentation outlines a period of significant financial expansion, primarily driven by the strategic acquisition of Plarium. The company reported a 79% year-over-year increase in net sales in constant currencies, reaching SEK 2,557 million for the quarter. This growth is supported by a 6% organic sales increase, reflecting sustained performance across the company’s existing gaming portfolio.

Key operational metrics highlight the impact of the Plarium integration, which contributed to a shift in revenue streams and user development. The company maintained a healthy adjusted EBITDA margin of 24% for the quarter, despite increased investment in marketing to scale new and established titles. Cash flow remains a central pillar of the company’s financial health, with SEK 538 million generated from operations in Q1 2025 and a free cash flow of SEK 143 million after accounting for earnout payments. The company’s leverage ratio stands at 0.82x, supported by an LTM EBITDA of SEK 3,058 million.

The scope of the presentation covers the global gaming operations of the company, with a specific focus on the transition period following the February 1, 2025, consolidation of Plarium. The portfolio includes a diverse range of franchises, such as strategy, simulation, racing, and word games. Looking ahead, the company maintains a positive outlook for the full year 2025, projecting organic sales growth between 3% and 7% and an adjusted EBITDA margin in the range of 21% to 24%. Future performance is expected to depend on disciplined marketing investments, the successful scaling of new game titles, and continued geographical expansion efforts.

Incorporated in the Cayman Islands with limited liability 3 Financial Performance Highlights 3 Financial Performance Highlights 9 Management Discussion and Analysis 9 Management Discussion and Analysis 23 Report on Review of Interim Financial Information Report on Review of Interim Financial Information 24 Consolidated Income Statement 25 Consolidated Statement of Comprehensive Income 26 Consolidated Statement of Financial Position 29 Consolidated Statement o...

Incorporated in the Cayman Islands with limited liability smart communication inspires 2025 E Interim Report 33 Financial Performance Highlights Financial Performance Highlights 88 Management Discussion and Analysis 22 Report on Review of Interim Financial Information 23 Condensed Consolidated Income Statement 24 Condensed Consolidated Statement of Comprehensive Income 24 Condensed Consolidated Statement of Comprehensive Income 25 Condensed Consolidated S...

7 MANAGEMENT DISCUSSION AND ANALYSIS 85 CORPORATE GOVERNANCE REPORT 85 CORPORATE GOVERNANCE REPORT 119 INDEPENDENT AUDITOR'S REPORT 119 INDEPENDENT AUDITOR’S REPORT 128 CONSOLIDATED INCOME STATEMENT 128 CONSOLIDATED INCOME STATEMENT 129 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 130 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 133 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 137 CONSOLIDATED STATEMENT OF CASH FLOWS 139 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1...

Incorporated in the Cayman Islands with limited liability smart communication inspires 2024 P Interim Report 33 Financial Performance Highlights Financial Performance Highlights 88 Management Discussion and Analysis 22 Report on Review of Interim Financial Information 23 Condensed Consolidated Income Statement 23 Condensed Consolidated Income Statement 24 Condensed Consolidated Statement of Comprehensive Income 24 Condensed Consoli...

alth Group Reports First Quarter 20a UnitedHealth Group Reports First Quarter 2025 Results and Revises Full Year Guidance • Revised 2025 Earnings Outlook to $24.65 to $25.15 Per Share, Adjusted Earnings • First Quarter Earnings were $6.85 Per Share, Adjusted Earnings $7.20 Per Share • Revenues of $109.6 Billion Grew $9.8 Billion Year-Over-Year • Consumers Served by UnitedHealthcare Increased by 780,000 Year to Date • Optum Health Continues to Expect to Serve 650,000 New Value...

Investment committees navigating the 2026 landscape are advised to pivot toward three primary market themes: the widespread electrification of the global economy, the Federal Reserve’s interest rate easing cycle, and the depreciation of the US dollar. These trends offer a strategic framework for diversifying portfolios beyond the narrow concentration of mega-cap growth stocks, potentially enhancing resilience and capturing emerging opportunities across various asset classes.

The surge in power demand, driven by artificial intelligence, data center expansion, and industrial automation, necessitates significant capital allocation toward infrastructure. Rather than focusing solely on headline technology firms, investors are encouraged to target the underlying grid modernization, energy transmission, and critical material supply chains. This thematic shift encompasses North American energy pipelines, clean energy solutions, and global natural resource producers, all of which are essential to sustaining an increasingly electrified economy.

Simultaneously, the transition toward lower interest rates requires a shift in focus toward quality-oriented income strategies. As cash yields decline, active management in fixed income and the inclusion of quality-screened, dividend-paying small-cap equities can help mitigate volatility and reduce reliance on unprofitable market segments. Furthermore, the anticipated weakening of the US dollar provides a catalyst for diversifying into non-US developed markets and real assets, such as commodities and real estate investment trusts. By rebalancing toward these sectors, investors can hedge against currency risk and inflation while positioning for broader market participation across international and domestic landscapes.

This PDF document contains all information on accountability (“Management & facts”) from Deutsche Telekom’s 2020 CR Report. Version: 20.01.2022 The themed pages “Green future”, “Digital life”, “New ways of working”, and “Good stewardship” may be downloaded individually using the “Print this page” function or as one document using the “Info basket” function.

2024 Corporate Responsibility Report Introtuction Company Overview ant Highlights A LETTER FROM OUR CEO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 ABOUT THIS REPORT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 COMPANY OVERVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The 2024 Annual Corporate Responsibility Report outlines the strategic framework and operational progress of RBC BlueBay Asset Management regarding its social, ethical, and community-focused initiatives. The primary thesis centers on the integration of corporate responsibility into the firm’s core business model, asserting that a transparent, inclusive, and community-engaged culture drives superior outcomes for both clients and employees. The firm operates under a centralized Corporate Responsibility Committee that monitors key performance indicators across four pillars: people, communities, conduct, and responsible investment.

Key findings for the 2024 fiscal year highlight significant engagement in community and social efforts. Over 50% of staff participated in volunteering activities, and employees collectively donated more than £210,000 to charitable causes, exceeding the annual target of £165,000. The firm transitioned to a single primary charity partnership with St Luke’s Community Centre to deepen its local impact. Additionally, the report details the success of talent development programs, including summer internships and the Catalyst Education Programme, which aim to foster diversity within the investment management industry.

The scope of this report covers RBC BlueBay’s global operations, with a specific emphasis on its EMEA-based activities and organizational structure. The methodology relies on internal data tracking, committee oversight, and performance monitoring against established annual targets. Looking ahead to 2025, the firm has set specific objectives to increase participation in employee resource groups by 10% and boost attendance at social events by 10%. The report emphasizes that these efforts are supported by a rigorous compliance framework, ensuring that ethical market practices and client-first philosophies remain central to the firm’s governance and long-term institutional strategy.

+ Publication Date: July 30, 2025 Publication Date: July 30, 2025 2 Introduction The Care The People The Planet 32 Governance, Policies & We Advance We Support We Share Systems Infrastructure 5 Who We Are 39 Appendix Overview 41 Sustainability Accounting 7 IDEXX Corporate ...

The report outlines a rapidly expanding video‑games ecosystem in Cyprus, projecting market revenue to surge from $1.2 billion in 2023 to $6.7 billion by 2025, with a compound annual growth rate of 5.96 % through 2030. The growth is driven by a growing number of tech firms relocating to the island, with 282 startups reported in July 2025—39 funded, 15 in Series A rounds, and one unicorn. Over 600 companies of varying sizes now operate locally, benefiting from Cyprus’s favorable tax regime, EU membership, and supportive regulatory framework.

Key success stories highlight local studios such as MY.GAMES and Ludus, whose mobile titles have achieved multi‑million downloads and cross‑platform revenue streams exceeding $2 million. The mobile segment dominates, with Playrix, Easybrain, and Outfit7 leading in casual and puzzle games; yet PC and console titles from Wargaming and Digital Vortex Entertainment demonstrate a growing presence in the market. Cross‑platform development and cloud gaming are emerging trends, offering opportunities for developers skilled across mobile and PC.

The island’s advantages include competitive corporate tax rates, strategic positioning between Europe and the Middle East, a growing talent pool enriched by relocation of experienced developers, and increasing investment in esports and blockchain gaming. The report also promotes the WN Conference Cyprus (September 2025) as a networking and market‑entry platform, anticipating attendance of 700+ participants. Overall, the data portray Cyprus as an attractive hub for game development and investment, poised for continued expansion through 2030.

Nexon reported record-breaking financial results for the fiscal year ended December 31, 2025, driven by a strategic IP growth initiative that balanced the expansion of legacy franchises with successful new global launches. Full-year revenue reached ¥475.1 billion, a 6% increase year-over-year, while operating income remained stable at ¥124.0 billion. The fourth quarter saw a significant revenue surge of 55% to ¥123.6 billion, although net income declined 66% to ¥10.9 billion, primarily due to fluctuations in foreign exchange gains compared to the previous year and higher-than-anticipated costs related to performance bonuses and platform fees.

The growth was spearheaded by the launch of ARC Raiders, which sold over 14 million units within 15 weeks and achieved a peak of 960,000 concurrent users. Simultaneously, the 22-year-old MapleStory franchise delivered its highest annual revenue in history, growing 43% year-over-year. This performance offset a 21% decline in the Dungeon&Fighter franchise, despite a strong recovery in its PC segment in China and Korea. The period was also marked by a significant player trust initiative regarding MapleStory: Idle RPG; a coding error led Nexon to offer full refunds, resulting in a ¥9 billion reduction in Q4 revenue.

Geographically, the results reflect Nexon’s successful diversification beyond its traditional Asian strongholds into Western markets via console and PC platforms. Looking ahead to the first quarter of 2026, the company expects revenue growth between 32% and 44%, supported by sustained momentum from new titles and major updates to core IPs. Nexon remains committed to aggressive shareholder returns, doubling its dividend and completing a ¥100 billion share buyback program during the fiscal year.

Vietnam’s 2025 Innovation and Private Capital Report positions the country as a rapidly ascending tech‑investment hub in Southeast Asia, underpinned by steady macro growth and decisive policy support. A 6 % annual real GDP expansion, a $36 B digital economy, and the landmark Resolution No. 57‑NQ/TW collectively create a macro‑environment that attracts both domestic and foreign capital. Private‑capital activity in 2024 totaled $2.3 B across 141 deals, with buyouts dominating but early‑stage venture capital rebounding sharply in the second half of the year. High‑tech sectors—particularly AI, AgriTech, Green Tech, semiconductors, and data centers—experienced multi‑fold funding surges, reflecting a shift toward technology‑driven value creation.

The labor market fuels consumer and industrial demand: Vietnam ranks second in Southeast Asia for workforce size, with a growing middle‑affluent class projected to exceed 45 % of the population by 2030. Strong education outcomes and a youthful, tech‑savvy demographic drive growth in retail, e‑commerce, digital health, and edtech. Tier‑2 cities such as Bac Ninh, Can Tho, and Da Nang emerge as new growth poles, supported by government investment in transportation, renewable energy, and digital infrastructure.

Resolution No. 57 sets ambitious 2030–2045 targets—30–50 % GDP share from digital and high‑tech exports, 80 % cashless transactions, and 2 % of GDP allocated to R&D (60 % private). It outlines strategic actions in AI, 6G, talent development, and digital governance to attract at least five global tech giants for R&D and manufacturing. Projected economic gains from AI alone could reach $120 B by 2040, while renewable energy and climate‑tech investments are already reshaping the power sector through flexible PPAs and green‑credit programs.

Overall, Vietnam’s coordinated policy framework, expanding talent pool, and maturing private‑capital ecosystem converge to make the country a compelling destination for long‑term value creation across high‑growth technology, green infrastructure, and consumer markets within Southeast Asia.