Stockholm, Sweden (November 5, 2025) - Maximum Entertainment AB (Nasdaq: MAXENT B) today released its interim report for the third quarter of 2025.
Working With All Stakeholders to Define Our Future
Third quarter, Jul-Sep 2025 (Compared to Jul-Sep 2024)
- Net sales amounted to 15.5 (17.2) MEUR.
- Gross margin amounted to 22 (24)%.
- Adjusted EBITDA amounted to 0.5 (-0.2) MEUR.
- Earnings per share amounted to -0.24 (-0.40) EUR.
- Cash flow from operating activities amounted to -1.5 (2.7) MEUR.
- The number of employees stood at 114 (181) at the end of the period.
- Discussions have continued with our financial partners, and the company is still depending on additional financing to support its business activities going forward.
Year-to-date, Jan-Sep 2025 (Compared to Jan-Sep 2024)
- Net sales amounted to 44.2 (54.5) MEUR.
- Gross margin amounted to 26 (30)%.
- Adjusted EBITDA amounted to 1.4 (3.1) MEUR.
- Earnings per share amounted to -0.51 (-0.44) EUR.
- Cash flow from operating activities amounted to 2.1 (8.9) MEUR.
| KPIs Q3 2025 KEUR | 2025-07-01 2025-09-30 | 2024-07-01 2024-09-30 | 2025-01-01 2025-09-30 | 2024-01-01 2024-09-30 | 2024-01-01 2024-12-31 |
| Net Sales | 15 498 | 17 216 | 44 207 | 54 469 | 79 936 |
| Share of revenue derived from Owned IP | 6% | 10% | 7% | 12% | 10% |
| Gross margin % | 22% | 24% | 26% | 30% | 30% |
| Adjusted EBITDA | 522 | -164 | 1 444 | 3 105 | 6 763 |
| Adjusted EBITDA Margin % | 3% | -1% | 3% | 6% | 8% |
| EBITDA | 11 | -751 | -546 | 5 166 | 17 829 |
| EBITDA Margin | 0% | -4% | -1% | 9% | 22% |
| Adjusted EBIT | -9 237 | -15 705 | -12 229 | -16 695 | -16 996 |
| Adjusted EBIT Margin % | -60% | -91% | -28% | -31% | -21% |
| EBIT | -9 748 | -16 293 | -14 219 | -14 634 | -19 146 |
| EBIT Margin % | -63% | -95% | -32% | -27% | -24% |
| Total Headcount | 114 | 181 | 114 | 181 | 124 |
For More Information, please contact:
Philippe Cohen, CEO
E-mail: ceo@maximument.com | Tel: +46 8 490 094 98
Henrik Resmark, CFO
E-mail: cfo@maximument.com | Tel: +46 8 490 094 98
For more information regarding the company and investments, please contact ir@maximument.com.
Certified Adviser
Augment Partners AB, info@augment.se, tel +46 (0) 8 604 22 55, is Maximum Entertainment AB's Certified Adviser.
This information is information that Maximum Entertainment is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-11-05 07:30 CET.

