Hacksaw

Third quarter: 1 July – 30 September

• Total revenue increased by 39% to EUR 52.0 million (37.3).
• Adjusted operating profit (EBIT) increased by 29% to EUR 42.1 million (32.6), with a margin of 81% (87). Adjustments mainly comprise IPO-related advisory costs.
• Profit for the period amounted to EUR 38.7 million (30.4), and fully diluted earnings per share amounted to EUR 0.134 (0.106).
• Cash flow from operating activities amounted to EUR 36.7 million (15.7).

Year to date: 1 January – 30 September

• Total revenue increased by 52% to EUR 142.4 million (93.4).
• Adjusted operating profit (EBIT) increased by 44% to EUR 116.5 million (81.1), with a margin of 82% (87). Adjustment mainly comprises IPO-related advisory costs.
• Profit for the period amounted to EUR 100.8 million (76.4), and fully diluted earnings per share amounted to EUR 0.348 (0.267).
• Cash flow from operating activities amounted to EUR 104.3 million (50.5).

Key events during the third quarter of 2025

• Hacksaw’s games were made available in the locally licensed iGaming market Pennsylvania in July, thereby being available in over 35 locally licensed markets.
• Launch of 12 (10) in-house developed games.
• Launch of 15 (6) games developed by third party studios on the Hacksaw game development platform.
• 50% year on year increase in average daily number of rounds played on Hacksaw’s portfolio of games.

Key events after the third quarter

• The number of shares and votes in Hacksaw increased to 289,195,987, following the subscription of shares through exercise of warrants under Hacksaw’s warrant program for employees.
• Hacksaw has been approved as a gaming service provider in Alberta, Canada.

Summary of results and key figures

*Adjusted primarily for advisory costs related to the initial public offering. For more information, please refer to Note 5: Items affecting comparability.

Invitation to webcast and telephone conference

The interim report will be presented via webcast and telephone conference on 4 November 2025 at 09:30 (CET).

Webcast: https://hacksaw.events.inderes.com/q3-report-2025/register

Telephone conference: https://conference.financialhearings.com/teleconference/?id=5002388

After registration to the telephone conference via the above link, you will be provided with telephone numbers and a conference ID to access the conference.