Asmodee

Fourth quarter, January-March 2025

• Net sales amounted to EUR 341.4 million (277.5), an increase of 23.0%, of which 23.6% relates to organic growth.
  • Games published by Asmodee studios increased by 10.2%.
  • Games published by partners increased by 32.5%.
  • Others decreased by -20.2%.
• Adjusted EBITDA amounted to EUR 40.8 million (42.3), corresponding to an adjusted EBITDA margin of 11.9% (15.2).
• Adjusted EBIT amounted to EUR 32.8 million (34.6). EBIT amounted to EUR 30.9 million (-786.3), where last year was negatively impacted by an impairment of goodwill as well as publishing and distribution rights.
• Profit for the quarter amounted to EUR -0.1 million (-632.5), which equates to basic earnings per share of EUR 0.00 (-6.56).
• Free cash flow after tax and capitalized lease payments amounted to EUR 95.1 million.

Full-year, April 2024-March 2025

• Net sales amounted to EUR 1,369 million (1,288), an increase of 6.3%, of which 7.7% relates to organic growth.
  • Games published by Asmodee studios increased by 16.9%
  • Games published by partners increased by 4.3%.
  • Others decreased by -28.3%.
• Adjusted EBITDA amounted to EUR 228.2 million (211.7), corresponding to an adjusted EBITDA margin of 16.7% (16.4%).
• Adjusted EBIT amounted to EUR 198.2 million (181.0). EBIT amounted to EUR 116.7 million (-710.3).
• Profit for the period amounted to EUR 4.7 million (-541.2), which equates to basic earnings per share of EUR 0.03 (-5.61).
• Free cash flow after tax and capitalized lease payments amounted to EUR 197.3 million (184.8).
• Net debt/EBITDA amounted to 1.8x (-0.1) and 2.3x (0.8) before and after M&A commitments respectively.
• The Board of Directors proposes that no dividend shall be paid for the fiscal year 24/25 and that retained earnings shall be carried forward.

Material events after the end of the reporting period

• No material events after the end of the reporting period.

Time for webcast and teleconference
Wednesday May 21 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/q4-report-2024-25

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/q4-report-2024-25/dial-in

VIA MFN: KONTAKT, BOKSLUTSKOMMUNIKE, MAR