Second quarter, July-September 2025
- Net sales amounted to EUR 403.4 million (334.0), an increase of 20.8%, of which 23.4% organic growth.
- Games published by asmodee studios increased by 5.1%.
- Games published by partners increased by 30.2%.
- Others decreased by -4.3%.
- Adjusted EBITDA amounted to EUR 76.1 million (68.5), corresponding to an adjusted EBITDA margin of 18.9% (20.5).
- Adjusted EBIT amounted to EUR 68.6 million (60.6). EBIT amounted to EUR 54.3 million (42.7).
- Adjusted profit/loss for the quarter was EUR 32.0 million (24.4), which equates to adjusted earnings per share of EUR 0.14 (0.15).
- Profit/loss for the quarter amounted to EUR -6.2 million (8.2), which equates to basic earnings per share of EUR -0.03 (0.05).
- Free cash flow after income tax and lease payments amounted to EUR -23.3 million (15.4), resulting in a free cash flow conversion relative to adjusted EBITDA of -31% (23).
The period, April 2025-September 2025
- Net sales amounted to EUR 752.4 million (598.4), an increase of 25.7%, of which 28.2% organic growth.
- Games published by asmodee studios increased by 2.5%
- Games published by partners increased by 39.0%.
- Others decreased by -8.3%.
- Adjusted EBITDA amounted to EUR 116.0 million (98.1), corresponding to an adjusted EBITDA margin of 15.4% (16.4).
- Adjusted EBIT amounted to EUR 101.5 million (82.5). EBIT amounted to EUR 69.6 million (48.5).
- Adjusted profit/loss for the period was EUR 46.1 million (32.2), which equates to adjusted earnings per share of EUR 0.20 (0.21).
- Profit/loss for the period amounted to EUR -7.8 million (1.3), which equates to basic earnings per share of EUR -0.03 (0.01).
- Free cash flow after income tax and lease payments amounted to EUR 1.5 million (30.3), resulting in a free cash flow conversion relative to adjusted EBITDA of 1% (31).
- Net debt/EBITDA amounted to 1.8x (4.1) and 2.4x (4.5) before and after M&A commitments respectively.
Material events after the end of the reporting period
- No material events after the end of the reporting period.
Time for webcast and teleconference
Thursday November 20 at 9:00 a.m. CET
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/q2-report-2025-26
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/q2-report-2025-26/dial-in
For more information, contact
Nathalie Redmo, Head of Investor Relations, asmodee
Tel: +46 768 10 22 43
E-mail: ir@asmodee.com
Asmodee Communications team
E-mail: press@asmodee.com
About asmodee
Asmodee is a global leader in tabletop gaming. Inspired by players, asmodee has been crafting and taking to market immersive, shared experiences for over 30 years. Its portfolio includes beloved games and intellectual properties such as CATAN®, Ticket to Ride®, Dobble/Spot it!®, 7 Wonders, and Exploding Kittens®. Operationally headquartered in France, asmodee operates globally, making its games accessible to players in over 100 countries around the world. Asmodee group's Class B shares are publicly traded on Nasdaq Stockholm under the ticker ASMDEE B. Learn more about asmodee here.
This information is information that Asmodee Group AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-11-20 07:00 CET.

