Interim report
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FIEST Tide Coffee Stain Q1 FY 2026/27
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Net sales amounted to SEK 253 million FIRST QUARTER, APRIL-JUNE 2026 (COMPARED TO APRIL-JUNE 2025) > Net sales increased by 37% (41% organic growth in constant currencies) to SEK 253 million (184). > EBIT amounted to SEK 15 million (2), an EBIT margin of 6% (1%). > Cash EBIT amounted to SEK 95 million (36), a Cash EBIT margin of 38% (20%). > Cash flow from operating activities amounted to SEK 133 million (132). Net investments in intangible assets amounted to SEK -30 million (-43). Free cash flow after working capital amounted to SEK 100 million (85). > Adjusted earnings per share amounted to SEK 0.25 (0.03). Key performance indicators* SEK m Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026 Net sales 253 184 961 EBIT 15 2 55 Cash EBIT 95 36 333 Cash EBIT, margin 38% 20% 35% Adjusted EBIT 54 42 288 Adjusted EBIT margin 22% 23% 30% Cash flow from operating activities 133 132 453 Headcount 246 249 243 COFFEE STAIN GROUP INTERIM REPORT APRIL-JUNE 2026 COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 2 Q1 FY 2026/27 Net Sales and Cash EBIT % I Quarterly*) SEK m 184 224 293 260 253 20% 31% 50% 31% 38% Baseline Game Launch upliftCash EBIT % Q1 25/26 Q2 Q3 Q4 Q1 26/27 1,045 1,013 917 961 1,029 42% 40% 36% 35% 38% Baseline Game Launch upliftCash EBIT % Q1 25/26 Q2 Q3 Q4 Q1 26/27 *) See section Key Performance indicators for definitions In this report, all figures in brackets refer to the corresponding period of the previous year, unless otherwise stated. Net Sales and Cash EBIT % I Last twelve months SEK m
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CEO COMMENTS Strong cash generation despite mixed release outcomes The core portfolio remained resilient, while weaker engagement in two recent releases is shaping our development priorities and next steps. The first quarter generated net sales of SEK 253 million, Cash EBIT of SEK 95 million and free cash flow after working capital of SEK 100 million. This strong cash generation, despite weaker-than-planned outcomes in Deep Rock Galactic: Rogue Core and Fellowship Season 3, demonstrates the resilience of Satisfactory and the rest of our core portfolio*. Our proven games continue to generate revenue and cash, giving us room to take selective risks on new games. But that freedom must be matched by discipline. When the evidence changes, we need to respond quickly: improve the product where we see a credible path, or reduce investment where traction no longer supports the original case. Game portfolio Satisfactory continued to expand its audience, with net sales growing significantly year-on-year. The console release remained an important contributor, while Update 1.2, released in June, was well received and further improved the experience for both new and existing players. Deep Rock Galactic: Rogue Core entered Early Access in May. The release benefited from the strength of the Deep Rock franchise and generated strong initial sales, but player sentiment was mixed and engagement declined faster than expected. We have a clear view of what did not work as intended and are taking focused action with the development team. Further commitment will depend on evidence of improved player engagement. Multiplayer game Fellowship launched Season 3 in June, but engagement remained below our targets. Following the discussions described in the previous quarter, we have agreed a more sustainable setup with the external developer. From Q3 FY 2026/27, the game will be developed by a more focused core team of 15 FTEs, compared with 35 FTE previously. This creates a more efficient development setup, better aligned with the game’s current traction and priorities, while materially reducing our ongoing investment. Looking ahead During the quarter, Iron Gate announced Valheim 1.0 and releases on PlayStation 5 and Nintendo Switch 2, scheduled for September 2026. After six years in Early Access, existing players will finally receive the 1.0 release, while the launches on additional platforms will make the game available to new audiences. Taking creative risks is part of building games, but so is acting when the evidence changes. As player response and commercial traction evolve, we adjust the product, the development plan and the level of investment. The actions will differ by game, but the principle is the same: support credible opportunities and remain disciplined. This is our model in practice. Our established games provide a solid base and fund selective new bets. Small, empowered teams can respond quickly. When an outcome falls short, we can adjust our commitment and limit the downside while preserving the upside. --------------------------------------------------------------------------------------------------------------------------------------- Anton Westbergh Co-founder and CEO COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 3 * Satisfactory, Goat Simulator, Deep Rock Galactic, Welcome to Bloxburg, Teardown and Valheim
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FINANCIAL PERFORMANCE FIRST QUARTER 1 Definitions in Key Performance indicators SUMMARY Net sales increased by 37% to SEK 253 million (184) with growth driven by the release of Deep Rock Galactic: Rogue Core and continued strong growth in Satisfactory. Cash EBIT increased to SEK 95 million (36) explained by higher net sales and an operational cost base of SEK 158 (148) million. Compared to Q4 FY 2025/26, the operational costs decreased by SEK 21 million, mainly due to lower third-party development cost and lower royalty expenses within COGS. Free cash flow after working capital amounted to SEK 100 million (85) including a net tax receipt of SEK 16 million. The financial position remains solid, with cash and cash equivalents of SEK 722 million. For FY 2025/26 The Board proposes a dividend of SEK 0.68 per share, corresponding to approximately SEK 152 million subject to approval by the Annual General Meeting on 24 September 2026. In addition, the Board intends to seek shareholder authorization for repurchases of the Company’s own shares of up to SEK 150 million once the new legislation has entered into force. Together, the proposed dividend and intended share repurchase program reflect the Board’s intention to return approximately SEK 300 million to shareholders up until the Annual General Meeting 2027. NET SALES Net sales for the quarter amounted to SEK 253 million (184), an increase of 37% (41% organic in constant currencies). Game launch uplift amounted to SEK 63 million (4), of which Deep Rock Galactic: Rogue Core contributed SEK 48 million following its Early Access release. Satisfactory was the largest contributor and grew significantly compared to previous year following the console addition in November 2025. Net sales from Other Platforms ( Roblox and mobile) amounted to SEK 36 million (41) of which Welcome to Bloxburg contributed SEK 20 million. EBIT AND CASH EBIT EBIT amounted to SEK 15 million (2). Higher net sales were partly offset by increased depreciation and amortization and a lower share of development cost being capitalized. > Other external expenses SEK -52 million (-43), of which Fellowship development costs amounted to SEK -16 million (0). During the quarter a revised agreement was signed with the external developer of Fellowship effective from Q3 FY 2026/27. The new agreement will reduce the monthly development cost from approximately SEK 4.5 million to SEK 2 million. COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 4 FINANCIAL COMMENTS 4 37 87 26 63184 224 293 260 253 36 69 146 81 95 Baseline Game Launch upliftCash EBIT Q1 25/26 Q2 Q3 Q4 Q1 26/27 128 129 116 142 131 20 25 31 37 27 148 154 147 179 158 Cash operating expensesCOGS Q1 25/26 Q2 Q3 Q4 Q1 26/27 Net Sales and Cash EBIT I Quarterly SEK m Operational cost base1 I Quarterly SEK m
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> Work performed by the company for its own use and capitalized costs, SEK 18 million (35) reflecting a lower level of development expenditure meeting the capitalization criteria. > Personnel expenses increased to SEK -65 million (-62), mainly due to annual salary increases. > Depreciation, amortization and impairment amounted to SEK -115 million (-85). Operational depreciation and amortization increased to SEK -76 million (-46) of which Fellowship accounted for SEK -19 million and Deep Rock Galactic: Rogue Core accounted for SEK -15 million. Cash EBIT amounted to SEK 95 million (36), corresponding to a margin of 38% (20%). NET PROFIT/LOSS FOR THE PERIOD Net profit for the quarter amounted to SEK 24 million (-18). Tax for the quarter amounted to SEK 5 million (-1) of which current income tax amounted to SEK -23 million (-18) and deferred tax amounted to SEK 28 million (17). CASH FLOW AND FINANCIAL POSITION Cash flow from operating activities before working capital amounted to SEK 145 million (124). The increase was mainly driven by stronger operating earnings partly offset by lower net tax inflow. Free cash flow after working capital amounted to SEK 100 million (85). Changes in working capital amounted to SEK -9 (8), excluding cash payments of items affecting comparability of SEK -3 (0) million. Cash flow from investing activities amounted to SEK -28 million (-42) reflecting a lower share of cost being capitalized. As of June 30, 2026, cash and cash equivalents amounted to SEK 722 million (397). COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 5 FINANCIAL COMMENTS
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OTHER FINANCIAL INFORMATION SIGNIFICANT EVENTS DURING THE QUARTER > No significant events during the quarter MATERIAL EVENTS AFTER THE QUARTER > No material events have occurred after the end of the reporting period. RISKS AND UNCERTAINTY FACTORS Coffee Stain Group is exposed to risks, particularly the dependence on key persons for the success of game development, the sales performance of launched games, dependence on a few distributors and the success and performance of acquisitions. The complete risk analysis is found in the company's most recent Annual Report . Additional significant risks and assumptions are described in Note 2 in this report DIVIDEND AND SHARE REPURCHASE The Board of Directors intends to return approximately SEK 300 million to shareholders up until the Annual General Meeting 2027. > The Board of Directors proposes a cash dividend of SEK 0.68 (0.00) per share for FY 2025/26, corresponding to approximately SEK 152 million to be paid in equal quarterly installments of SEK 0.17 per share. The decision is subject to approval by the Annual General Meeting on 24 September 2026. If approved, the dividend will be paid through Euroclear Sweden AB. Proposed record dates will be presented in the notice to the Annual General Meeting. > In addition, the Board intends to initiate a share repurchase program of up to SEK 150 million following the entry into force of the new legislation on 5 December 2026, subject to the necessary shareholder authorization. AUDITOR’S REVIEW This Interim Report has not been subject to review by the Company's auditor. FINANCIAL CALENDAR Annual General Meeting September 24, 2026 Interim Report Q2, July - September 2026 November 5, 2026 Interim Report Q3, October - December 2026 February 4, 2027 Year-end report Q4, January - March 2027 May 12, 2027 FOR MORE INFORMATION Find more information about the Company at its website: coffeestain.com For further information, please contact: Erik Sunnerdahl, CFO erik.sunnerdahl@coffeestain.com COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 6
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SIGNATURES AND ASSURANCE The Board of Directors and Chief Executive Officer hereby certify that this interim report for the first quarter gives a true and fair view of the Group’s and parent company’s operations, financial position and results of operations and describes the significant risks and uncertainties facing the Group and the parent company. Karlstad, Sweden, August 5, 2026 Jacob Jonmyren Chair of the Board Lars Wingefors Board member Kicki Wallje-Lund Board member Sara Börsvik Board member Henrik Tjärnström Board member Anton Westbergh CEO and Board member This information is information that Coffee Stain Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-08-05, 08:00 CEST. The persons above may also be contacted for further information. This report contains forward-looking statements that reflect the Board of Directors’ and management’s current views with respect to certain future events and potential financial performance. Forward-looking statements are subject to risks and uncertainties. Results could differ materially from forward-looking statements as a result of, among other factors, (i) changes in economic, market and competitive conditions, (ii) success of business initiatives, (iii) changes in the regulatory environment and other government actions, (iv) fluctuations in exchange rates and (v) business risk management. This report is based solely on the circumstances at the date of publication and except to the extent required under applicable law or applicable marketplace regulations, Coffee Stain Group AB is under no obligation to update the information, opinions or forward-looking statements in this report. COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 7
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CONSOLIDATED STATEMENT OF PROFIT OR LOSS Amounts in SEK m Note Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026 Net sales 3 253 184 961 Other operating income 4 0 2 Total operating income 257 184 963 Work performed by the company for its own use and capitalized 18 35 120 Goods for resale -29 -20 -115 Other external expenses -52 -43 -233 Personnel expenses -65 -62 -248 Depreciation, amortization and impairment -115 -85 -422 Other operating expenses — -7 -13 Share of profit of an associate 2 0 3 Operating profit/loss (EBIT) 15 2 55 Net financial items 4 -19 -47 Profit/loss before tax 19 -17 8 Income tax 5 -1 5 Net profit/loss for the period 24 -18 13 Net profit/loss for the period attributable to: Equity holders of the parent 25 -25 11 Non-controlling interests -2 7 2 Earnings per share Basic earnings per share* (SEK) 0.11 -0.11 0.05 *) There were no outstanding instruments with potential dilutive effect during the period; therefore, diluted earnings per share equal basic earnings per share. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Amounts in SEK m Note Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026 Net profit/loss for the period 24 -18 13 Other comprehensive income Items that may be reclassified to profit or loss (net of tax): Exchange differences on translation of foreign operations 19 29 -1 Reclassification of translation differences to profit or loss — — 0 Total other comprehensive income for the period, net of tax 19 29 -1 Total comprehensive income for the period, net of tax 43 11 12 Total comprehensive income attributable to: Equity holders of the parent 44 4 12 Non-controlling interests -2 7 0 COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 8
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION Amounts in SEK m Note Jun 30, 2026 Jun 30, 2025 Mar 31, 2026 ASSETS Non-current assets Goodwill 2,045 2,240 2,028 Intangible assets 773 873 852 Property, plant and equipment 11 16 12 Right-of-use assets 16 29 20 Investments in associates 249 243 247 Non-current financial assets 6 27 6 Deferred tax assets 19 5 9 Total non-current assets 3,119 3,433 3,173 Current assets Trade receivables 122 185 149 Current tax assets — 3 23 Other receivables 52 26 28 Prepaid expenses 12 9 11 Cash and cash equivalents 722 397 620 Total current assets 908 620 832 TOTAL ASSETS 4,027 4,053 4,005 CONT.>> COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 9
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>>CONTINUED CONSOLIDATED STATEMENT OF FINANCIAL POSITION Amounts in SEK m Note Jun 30, 2026 Jun 30, 2025 Mar 31, 2026 EQUITY AND LIABILITIES Equity Share capital 1 0 1 Reserves 118 129 99 Retained earnings, including net profit/loss 3,550 1,536 3,525 Total equity attributable to equity holders of the parent 3,669 1,665 3,625 Non-controlling interests 17 25 19 Total equity 3,686 1,690 3,644 Non-current liabilities Liabilities to owners — 1,631 — Lease liabilities 4 13 6 Provisions — 0 0 Contingent considerations 21 35 20 Non-current liabilities to employees related to historical acquisitions 5 10 5 Deferred tax liabilities 131 175 150 Total non-current liabilities 161 1,864 181 Current liabilities Trade payables 22 58 33 Lease liabilities 13 16 16 Contract liabilities 0 0 0 Contingent considerations 11 — 11 Tax liabilities 16 13 0 Current liabilities to employees related to historical acquisitions 3 — 3 Liabilities to owners — 232 — Other current liabilities 13 31 13 Accrued expenses and prepaid income 102 149 104 Total current liabilities 180 499 180 TOTAL EQUITY AND LIABILITIES 4,027 4,053 4,005 COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 10
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Equity attributable to equity holders of the parent Amounts in SEK m Share capital Reserves 1) Retained earnings including profit for the period Total equity attributable to equity holders of the parent Non- controlling interests Total equity Opening balance 2025-04-01 0 100 1,347 1,447 9 1,456 Net profit/loss — — -25 -25 7 -18 Other comprehensive income — 29 — 29 — 29 Total comprehensive income for the period — 29 -25 4 7 11 Transactions with the owners Change in minority interest — — — — 9 9 Other* — — 214 214 — 214 Total — — 214 214 9 223 Closing balance 2025-06-30 0 129 1,536 1,665 25 1,690 Opening balance 2026-04-01 1 99 3,525 3,625 19 3,644 Net profit/loss — — 25 25 -2 24 Other comprehensive income — 19 — 19 — 19 Total comprehensive income for the period — 19 25 44 -2 43 Closing balance 2026-06-30 1 118 3,550 3,669 17 3,686 1) Includes currency translation difference. *) Other includes the movements in equity related to the combined financial statements. COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 11
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CONSOLIDATED CASH FLOW STATEMENT Amounts in SEK m Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026 Operating activities Profit/loss before tax 19 -17 8 Adjustment for differences between profit before tax and net cash flow 110 98 471 Tax paid/received 16 43 -21 Cash flow from operating activities before changes in working capital 145 124 458 Cash flow from changes in working capital Change in operating receivables 28 15 45 Change in operating liabilities -40 -7 -50 Cash flow from operating activities 133 132 453 Investing activities Acquisition of property, plant and equipment 0 — -1 Acquisition of intangible assets -30 -43 -169 Acquisition of financial assets -1 — 0 Interest received 3 1 5 Cash flow from investing activities -28 -42 -165 Financing activities Transactions with owners* — -161 -119 Payment of lease liabilities -5 -4 -20 Interest paid — 0 -2 Cash flow from financing activities -5 -165 -141 Total cash flow 100 -75 147 Cash and cash equivalents at the beginning of period 620 472 472 Exchange-rate differences in cash and cash equivalents 2 0 1 Cash and cash equivalents at the end of period 722 397 620 *) Net of shareholder contribution and payment of liabilities. COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 12
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NOTES NOTE 1 MATERIAL ACCOUNTING POLICIES This interim report comprises the Swedish parent company Coffee Stain Group AB (publ) (“Coffee Stain”), with corporate registration number 559280-0014, and its subsidiaries. The Group conducts management and development of intellectual property rights, publishing, development of computer games, video games, and mobile games. The parent company is a limited liability company with its registered office in Karlstad, Sweden . The address of the head office is Tullhusgata n 1B, 652 09 Karlstad, Sweden. The Group’s interim financial statements have been prepared in accordance with IAS 34 Interim Financial Reporting and applicable parts of the Swedish Annual Accounts Act (1995:1554). The parent company's interim report has been prepared in compliance with the Swedish Annual Accounts Act and RFR 2 Accounting for Legal Entities. The Group has applied the same accounting policies, calculation methods and assumptions as those applied in the Annual Report for the financial year ended March 31, 2026 . For a complete description of the Group's applied accounting policies, see the notes in the Annual Report for the financial year ended March 31, 2026. The disclosures required by IAS 34.16A are presented throughout this interim report in addition to the interim financial statements and related notes. All amounts are presented in millions of Swedish kronor (”SEK m”), unless otherwise indicated. Rounding differences may occur. NOTE 2 SIGNIFICANT ESTIMATES AND ASSUMPTIONS When preparing the financial statements, management and the Board of Directors must make certain assessments and assumptions that impact the carrying amount of asset and liability items and revenue and expense items, as well as other provided information. Actual outcome may differ from the estimates if the estimates or circumstances change. The significant estimates and assumptions correspond to the ones described in the Annual Report for the financial year ended March 31, 2026. NOTE 3 REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue from contracts with customers Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026 Type of products PC/Console 217 143 799 Other platforms 36 41 162 Total 253 184 961 "PC/Console" comprises sales from titles distributed through platforms such as Steam, Sony and Microsoft. "Other platforms" includes revenue generated through platforms with differing revenue models and user dynamics, such as Roblox and Mobile platforms. COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 13
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PARENT COMPANY’S INCOME STATEMENT Amounts in SEK m Note Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026 Net sales 3 1 9 Other operating income — — 0 Other external expenses -2 -1 -39 Personnel expenses -5 — -12 Depreciation and amortization of property, plant and equipment and intangible assets 0 — 0 Other operating expenses 0 — 0 Operating profit/loss -4 0 -41 Net financial items 3 -13 12 Profit/loss after financial items -1 -13 -29 Appropriations — 0 209 Profit/loss before tax -1 -13 180 Income tax 0 — -31 Net profit/loss for the period -1 -13 149 COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 14
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PARENT COMPANY’S BALANCE SHEET Amounts in SEK m Jun 30, 2026 Jun 30, 2025 Mar 31, 2026 ASSETS Non-current assets Tangible assets 0 — 0 Shares in group companies 2,364 1,843 2,363 Receivables from group companies 54 54 54 Deferred tax assets 0 — — Total financial assets 2,418 1,897 2,417 Total non-current assets 2,418 1,897 2,417 Current assets Receivables from group companies 213 1 215 Other receivables 2 0 1 Prepaid expenses and accrued income 2 — 2 Total current receivables 217 1 218 Cash and cash equivalents 709 — 592 Total current assets 926 1 810 TOTAL ASSETS 3,344 1,898 3,228 EQUITY AND LIABILITIES Restricted equity 1 0 1 Unrestricted equity 2,786 247 2,787 Total equity 2,787 247 2,788 Long-term liabilities Provisions 11 — 11 Liabilities to group companies — 1,614 — Total long-term liabilities 11 1,614 11 Current liabilities Trade payables 2 0 1 Liabilities to group companies 528 37 380 Tax liabilities 0 — 31 Provisions 11 — 11 Other current liabilities 1 — 1 Accrued expenses and prepaid income 4 0 6 Total current liabilities 546 37 429 TOTAL EQUITY AND LIABILITIES 3,344 1,898 3,228 COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 15
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NOTE P1 THE PARENT COMPANY'S ACCOUNTING POLICIES The interim financial statements of the parent company have been prepared in accordance with Chapter 9 of the Swedish Annual Accounts Act (1995:1554), Interim reports, and the recommendation issued by The Swedish Corporate Reporting Board RFR 2 Accounting for legal entities. The same accounting principles, calculation methods and assessments have been applied as those applied in the Annual Report for financial year 2025/2026. For further description of the parent company's accounting policies, see Note P1 in the Annual Report for financial year 2025/2026. All amounts are presented in millions of Swedish kronor (”SEK m”), unless otherwise indicated. Rounding differences may occur. COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 16
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DEFINITIONS OF KEY PERFORMANCE INDICATORS (KPIs) The Board and management of Coffee Stain believe it is important to separate the operational performance of the business from the acquisition part. Certain KPI’s are used to provide internal and external stakeholders the best picture of the underlying operational performance of the business, by the measurement of performance excluding specific items related to historical acquisitions and items affecting comparability. The individual KPI's, definitions and purpose are described more in detail below. Name Definition Adjusted Earnings per share Net profit for the period excluding specific items related to historical acquisitions, items affecting comparability net of tax and changes in fair value for contingent consideration net of tax, divided by the average number of shares in the period. Net taxes are calculated using the effective tax rate. Adjusted EBIT EBIT excluding specific items related to historical acquisitions and items affecting comparability. Adjusted EBIT margin % Adjusted EBIT as a percentage of net sales. Average number of shares Weighted average number of shares that are outstanding during the period. Cash EBIT Adjusted EBIT excluding operational depreciation and amortization expenses, less investments in intangible and tangible assets and payments of lease liabilities. Cash EBIT Margin % Cash EBIT as percentage of net sales. EBIT EBIT equals Operating profit in the Consolidated statement of profit or loss. EBIT margin % EBIT as a percentage of net sales. Free cash flow after working capital Cash EBIT less tax paid, other cash flow items, changes in working capital and cash effect from items affecting comparability. Free cash flow before working capital Cash EBIT less tax paid, other cash flow items and cash effect from items affecting comparability. Headcount Number of internal employees in the Group at the end of the reporting period. Items affecting comparability Transactions that are not related to recurring business operations, but affecting the financial outcome in a material way, and where the probability of reoccurrence over the coming year is limited. Net investment in acquired companies Acquisition of subsidiaries, net of cash acquired plus cash impact from specific items related to historical acquisitions, plus acquisition of IPs through asset deal structures. Net sales growth Net sales for the current period compared to the same period previous year. Net sales split - Game launches and Baseline Baseline Recurring net sales from the existing game portfolio and back catalogue. Game Launches Temporary net sales impact from releases, updates, or deals (≤60 days). Organic growth Growth between periods where net sales from companies acquired/divested in the last five quarters have been excluded. The comparison period is adjusted for differences in exchange rates. Operational cost base Total cost included in Cash EBIT including payments of lease liabilities and investments in intangible and tangible assets. COGS Goods for resale, net of share of profit from associates. Cash operating expenses Remaining costs included in Cash EBIT after deduction of COGS. Specific items related to historical acquisitions Specific income/expenses related to historical acquisitions consist of personnel cost related to acquisitions (in connection with certain business combinations, contingent consideration agreements that are not classified as part of the consideration transferred, as there is a requirement for continued employment to receive the amount. Accordingly, the amount is classified as consideration for future services), amortization of surplus values of acquired intangible assets (e.g. IP-rights, publishing rights, brand name), transaction costs (costs for legal- financial- tax- and commercial due diligence for completed transactions.), remeasurement of participation in associated companies and remeasurement of contingent consideration. COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 17
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SELECTED KEY PERFORMANCE INDICATORS ADJUSTED EBIT - DERIVATION Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026Amounts in SEK m EBIT 15 2 55 Non operational amortization- Acquisition related 39 39 156 Items affecting comparability 1) — — 75 Personnel costs related to acquisitions 0 1 2 Adjusted EBIT 54 42 288 1) See next page for further explanation on items affecting comparability CASH EBIT - DERIVATION Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026Amounts in SEK m Adjusted EBIT 54 42 288 Operational depreciation and amortization expenses 76 46 235 Investment in intangible and tangible assets -30 -48 -170 Payment of lease liabilities -5 -4 -20 Cash EBIT 95 36 333 CASH EBIT - BRIDGE Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026Amounts in SEK m Net sales 253 184 961 COGS -27 -20 -112 Cash operating expenses -131 -128 -516 Cash EBIT 95 36 333 FREE CASH FLOW - DERIVATION Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026Amounts in SEK m Cash EBIT 95 36 333 Taxes paid/received 16 43 -21 Other cash flow items -2 -2 1 Free cash flow before working capital 109 77 313 Changes in working capital1) -9 8 -12 Free cash flow after working capital 100 85 301 1) excluding IAC effect -3 — -8 COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 18
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ADJUSTED EARNINGS PER SHARE - DERIVATION Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026Amounts in SEK m Net profit for the period attributable to equity holders of the parent 25 -25 11 Adjustments Personnel costs related to acquisitions 0 1 1 Amortization of surplus values of acquired intangible assets 39 39 156 Change in fair value contingent consideration 1 0 -3 Items affecting comparability — — 75 Adjustments pre tax 40 40 230 Tax effects on adjustments -8 -8 -47 Adjustments post tax 32 32 183 Adjusted net profit for the period 57 7 194 Average number of shares , million 223 223 223 Adjusted Earnings per share , SEK 0.25 0.03 0.87 ORGANIC GROWTH - DERIVATION Apr-Jun 2026 Apr-Jun 2025 ChangeAmounts in SEK m Net sales 253 184 37 % Difference in exchange rate -6 Organic growth 253 179 41 % ITEMS AFFECTING COMPARABILITY, IAC Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026Amounts in SEK m Impairment intangible assets — — -31 Costs related to the listing project — — -33 Provision for restructuring — — -11 Total — — -75 DEPRECIATION, AMORTIZATION AND IMPAIRMENT Apr-Jun 2026 Apr-Jun 2025 Apr 2025- Mar 2026Amounts in SEK m Operational depreciation and amortization expenses 76 46 235 Acquisition related amortizations 39 39 156 Items affecting comparability — — 31 Total 115 85 422 COFFEE STAIN GROUP AB (PUBL) | APRIL-JUNE 2026 19
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Coffee Stain Group brings together Scandinavian game developers and publishers with a portfolio of community-driven games primarily for PC and console. It has a proven track record of building successful titles such as Goat Simulator, Satisfactory, Deep Rock Galactic, Valheim, Teardown and Welcome to Bloxburg . The Group consists of around 240 employees and 12 game studios including Coffee Stain, Ghost Ship and Tuxedo Labs. They share a common ambition: " small teams making big games for huge audiences" Coffee Stain Group AB (publ) Tullhusgatan 1B SE-652 09 Karlstad Sweden coffeestain.com