Asmodee

First quarter, April-June 2026

• Net sales amounted to EUR 422.1 million (349.0), an increase of 20.9%, of which 20.2% organic growth.
  • Games published by asmodee studios increased by 1.8%.
  • Games published by partners increased by 27.0%.
  • Others increased by 13.1%.
• Adjusted EBITDA amounted to EUR 61.9 million (39.9), corresponding to an adjusted EBITDA margin of 14.7% (11.4).
• Adjusted EBIT amounted to EUR 54.1 million (32.9). EBIT amounted to EUR 40.5 million (15.3).
• Adjusted profit/loss for the quarter was EUR 31.8 million (14.1), which equates to adjusted earnings per share of EUR 0.13 (0.06).
• Profit/loss for the quarter amounted to EUR 17.0 million (-1.6), which equates to basic earnings per share of EUR 0.07 (-0.01).
• Free cash flow after income tax and lease payments amounted to EUR 37.5 million (24.7), resulting in a free cash flow conversion relative to adjusted EBITDA of 61% (62).
• Net debt/EBITDA amounted to 1.6x (1.7x) and 1.7x (2.1x) before and after M&A commitments respectively.

Material events during and after the reporting period

• During the quarter, asmodee completed the acquisition of board game publisher ATM Gaming with payment in cash and issuance of class B shares.

Time for webcast and teleconference
Tuesday August 4 at 9:00 a.m. CEST

Participation options:

Webcast: If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions.
https://asmodee.events.inderes.com/q1-2026-27

Teleconference: If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://events.inderes.com/asmodee/q1-2026-27/dial-in