MindArk

Comment from acting CEO Leif Evander Andersson:
"With major updates like Howling Universe and the launch of ARIS, we’re accelerating innovation in Entropia Universe while staying closely attuned to the feedback from our valued community. Despite short-term challenges in the US market, strategic investments in AI and organizational efficiency position us strongly for long-term growth."

Reporting period
The report covers the period January 1 – March 31, 2025 (“Q1”).

January 1 – March 31, 2025
Comparative figures in parentheses refer to the same period last year.

• Turnover amounted to 16.6 MSEK (20.7 MSEK)
• Capitalized work amounted to 4.8 MSEK (5 MSEK)
• Operating profit amounted to -4.9 MSEK (1.1 MSEK)
• Profit before tax amounted to -2.6 MSEK (88 TSEK)
• Cash & cash equivalents including short-term investments 27.3 MSEK
• No interest-bearing liabilities
• Provision for unconsumed user holdings 32.5 MSEK
• Earnings per share for the period amounted to -0.08 SEK (-0.07 SEK)

Significant events during Q1
No significant event has occurred during the quarter.

Significant events after the end of the reporting period
Leif Evander Andersson took up the position of CEO on 23 April 2025, having been acting CEO since 27 March 2024.

Financial reports
The Company's financial statements, including the forthcoming report, are available on the Company's website, www.mindark.se/investor-relations/financial-reports/. It is available in a Swedish and an English version.

Auditor
This financial statement has not been reviewed by the Company’s auditor.

Financial calendar

Interim report Q2, 2025                August 28, 2025

Interim report Q3, 2025                November 28, 2025