Hacksaw Year-end Report | January - December 2025

STOCKHOLM, SE / ACCESS Newswire / February 17, 2026 / Hacksaw (STO:HACK) - "A YEAR OF STRONG GROWTH AND MAINTAINED HIGH MARGIN"

Fourth quarter: 1 October - 31 December

• Total revenue increased by 26% to EUR 55.1 million (43.7). On a constant currency basis for our top 5 currencies, the revenue growth was 31%.

• Adjusted operating profit (EBIT) increased by 28% to EUR 45.0 million (35.0), with a margin of 82% (80). Adjustments mainly comprise IPO-related advisory expenses.

• Profit for the period amounted to EUR 42.0 million (32.9), and fully diluted earnings per share amounted to EUR 0.172 (0.112).

• Cash flow from operating activities amounted to EUR 47.7 million (50.2).

Full year: 1 January - 31 December

• Total revenue increased by 44% to EUR 197.5 million (137.1). On a constant currency basis for our top 5 currencies, the revenue growth was 48%.

• Adjusted operating profit (EBIT) increased by 39% to EUR 161.4 million (116.1), with a margin of 82% (85). Adjustments mainly comprise IPO-related advisory expenses.

• Profit for the year amounted to EUR 142.8 million (109.4), and fully diluted earnings per share amounted to EUR 0.496 (0.376).

• Cash flow from operating activities amounted to EUR 152.1 million (100.7).

Key events during the fourth quarter of 2025

• Hacksaw was approved as a gaming service provider in Alberta, Canada.

• Launch of 13 (9) in-house developed games and of 12 (9) games developed by third party studios on the Hacksaw game development platform.

• Mikael Rahm was appointed new Group CFO as from 1 January 2026, succeeding Per Alnefelt.

Key events after the fourth quarter

• The Board of Directors proposes to the Annual General Meeting a dividend per share of EUR 0.40.

• The Board of Directors also proposes to the Annual General Meeting to be granted a buy back mandate of up to 10% of Hacksaw's outstanding share capital.

Summary of results and key figures

(Amounts in EUR thousands unless otherwise stated)	Okt-Dec			Jan-Dec
	2025