MindArk Interim Report Q4 2024

MindArk PE AB (publ) ("MindArk", the "Company") hereby announces that the Company's interim report for Q4 2024 has been published.

Comment from acting CEO Leif Evander Andersson:
"During the fourth quarter of 2024, MindArk continued to navigate a challenging yet transformative period. Our operations have been marked by both progress and hurdles. Despite lower revenues compared to the previous year, we have implemented important changes that lay the foundation for a future-proof and innovative Entropia Universe.

We close the year with a strong balance sheet and a solid financial position. Moving forward, our focus is on continuing to create innovative solutions for our users and expanding to new audiences. We kicked off 2025 by launching the Howling Universe update, introducing an expansion within the universe featuring stunning graphics, exciting content, and advanced gameplay mechanics. This update has been very well received by users, who are now gradually being welcomed into a more modern, refined, and epic Entropia Universe.

We are excited about 2025 and look forward to gradually unveiling an Entropia Universe in an entirely new form."

Reporting period
The report covers the period October 1 – December 31, 2024 (“Q4”) and January 1 – December 31, 2024.

October 1 – December 31, 2024
Comparative figures in parentheses refer to the same period last year.

• Turnover amounted to 23.7 MSEK (46.3 MSEK*)
• Capitalized work amounted to 5.4 MSEK (4.8 MSEK)
• Operating profit amounted to 3 MSEK (26 MSEK)
• Profit before tax amounted to -845 KSEK (32 MSEK) 
• Cash & cash equivalents including short-term investments 33.5 MSEK
• No interest-bearing liabilities
• Provision for unconsumed user holdings 35.2 MSEK
• Earnings per share for the period amounted to 0.02 SEK (0.89 SEK)

January 1 – December 31, 2024
Comparative figures in parentheses refer to the same period last year.

• Turnover amounted to 90.7 MSEK (122 MSEK*)
• Capitalized work amounted to 20.8 MSEK (26.2 MSEK)
• Operating profit amounted to 9.5 MSEK (20.3 MSEK)
• Profit before tax amounted to 6 MSEK (24.4 MSEK)
• Cash & cash equivalents including short-term investments 33.5 MSEK
• No interest-bearing liabilities
• Provision for unconsumed user holdings 35.2 MSEK
• Earnings per share for the period amounted to 0.15 SEK (0.60 SEK)

*In Q4 2023, a non-cash one-time income of 11.7 MSEK was recognized. This was due to a policy change regarding the accounting of unconsumed user holdings.

Significant events during Q4
The liquidation of all subsidiaries has been completed. Going forward, MindArk will no longer constitute a group and will not be subject to consolidated financial reporting.

Significant events after the end of the reporting period
No significant event has occurred during the quarter.

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

Annual report 2024                       March 26, 2025

Annual General Meeting               April 23, 2025

Interim report Q1, 2025                May 28, 2025

Interim report Q2, 2025                August 28, 2025

This disclosure contains information that Mindark PE AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 28-02-2025 08:00 CET.