Good morning, everyone. Whilst we're waiting for the attendee list to fill up, you all know that you will be in listen and view mode only when we start the presentation or when we go through the presentation. And then after we wrap up, we'll open up for questions, and then you can either raise your hand and you can ask them verbally, or you can also type them into the Q&A box, which you also can do during the presentation, of course, and then we'll answer them when we get to that point on the agenda. But I think the attendee list seems to be not moving anymore, so then I will hand over to Vlad for the remarks for the Q4. Thank you, Stefan. Welcome, everyone, to our report. I'll start by giving you a brief overview of the quarter. Stefan, can we move on to the next slide, please? So revenue declined 9% year-over-year in USD terms, but because of the exchange rate changes, it went down 21% when expressed in Swedish krona, and was SEK 221 million for the period. Sequentially, it was down 2% from Q3 to Q4 in USD terms. And looking at the three main pillars of our revenue generation, our three main games, we have achieved stabilization of two of these. Hidden City had a strong performance during the quarter. It grew sequentially 8.3% from Q3. Really strong result. Sherlock declined sequentially by 5% after delivering a strong performance in Q2 and Q3. Looking at the game year-over-year, it declined only by about 5%, which was significantly less than before, even in the first half of the year. Its performance was negatively affected by specific events that happened in November, but outside of November, the underlying trend remained consistently strong. So we consider that Sherlock and Hidden City are stabilized in revenue. But at the same time, we have the Jewels family of games that declined year-over-year by 19% in USD and sequentially by 12%. And the performance of Jewels family of games is the reason we continue to see the revenue decline for the group. The team has a plan to fix this performance, but it is not a fast plan to execute. We expect to see improvements by the middle of the year, or we will consider what we call harvesting the game, which is optimizing the team to the minimum, to produce the best cash flow while the game continues, to decline. So that's, that's basically, the reason you are looking at a negative trend in top line in this quarter. Monthly average gross revenue per paying user hit a new record of $71.7. Our gross margin reached an all-time high of 71.6%. That's up from 69.1% last year, thanks to the continued success of G5 Store. During the quarter, we continued to build momentum in strengthening the top line revenue performance. We increased UA spend to 23% of revenue on the higher end of the previously communicated range, compared to 17% last year. We intend to remain on the higher end of this bracket, going forward, in an effort to stabilize and turn around the top-line trend. We will continue to invest profitably in the growth of our portfolio revenue through existing and new games in order to turn around the top-line dynamic. Earnings in the quarter were impacted on the one hand by the currency exchange related to the weakening USD, which is the main currency of our revenue generation, and on the other hand, by the increased UA spend. At the end of the quarter, our cash position stood at a strong SEK 216 million. It is actually virtually unchanged compared to the end of Q3, if adjusted for working capital fluctuations and USD/ SEK exchange rate. We remain debt-free, and we continue to have a strong balance sheet, something we are very proud of. On the right side, you can see the chart of G5 Store continuing to take over the percentage of the total net revenue generation in the company quarter- after- quarter. With that, let's move on to the next slide. Let's talk about G5 Store with a bit more detail. It continues to deliver solid growth. It became our second largest distribution channel now, up from being the third, and the way it's going, it may soon become our number one distribution channel. We wouldn't be too surprised. The low single-digit processing fees have increasingly become a key driver of our margin performance, given that third-party app stores typically charge between 12%-30%. This cost efficiency directly contributes to our improved profitability and the expansion of our gross margin. During the quarter, G5 Store accounted for 23.4% of total gross revenue, up significantly from 16% last year. Furthermore, the G5 Store played a key role in stabilizing Sherlock and Hidden City as these games continue increasing the audience and revenue on G5 Store for over five years now. Gross revenue growth for G5 Store in USD terms was 20% year-over-year and 3% sequentially. In addition to the continued progress with G5 Store, we continued to gain momentum with processing payments of our players on mobile platforms directly. Webshop and other G5 systems that internally we started calling G5 Pay allow players on mobile platforms to make payments directly to G5 through their browser, which dramatically lowers the payment processing fee. During the quarter, such directly processed revenue accounted for 6.4% of total net revenue from mobile platforms, a substantial improvement compared to only 3% in Q3. We believe that this percentage has more room to grow in the coming quarters. As mentioned in the previous quarters, we will further scale the revenue of G5 Store by opening it up for distribution of third-party games that are or were successful on mobile platforms. We have now launched the first two games late in the Q4, and we see very encouraging results. We consider it proven at this point, that distribution through the G5 Store can create a very attractive incremental revenue for mobile developers. Based on what we see so far, after only one month on the G5 Store, quality games can make up to an additional 15% of their mobile revenues through the G5 Store. We will scale this initial success, both through acquiring users into the distributed games and through bringing more great third-party games to the G5 Store. The interest in the distribution on the G5 Store is growing among third-party developers, and a number of new games are already added to the G5 Store. Our goal is to have a curated catalog to bring more high-quality games to the G5 Store and maintain high player satisfaction. As we increase the number of games on G5 Store and expand user acquisition, it may start positively affecting the overall top line dynamic in the coming quarters. I would also add that this initiative with third-party game distribution in G5 Store leverages our experience as a publisher. As you know, we've had a lot of success publishing premium and then free-to-play games on mobile platforms. And we've created some very prominent hits through these partnerships. So the developers know us. There is good traction in attracting games to the G5 Store because it's a well-known business model for the company, and we have very good understanding of what developers need. And for the majority of developers right now, an incremental revenue from other platforms is a very important thing to have. So I think we are doing it at a, at a good moment in time. With that, let's move on to slide number five, and talk about, look a bit more in detail at the quarter leading up to another record gross margin. So our own games accounted for over 70% of net revenue, and our iPhone games accounted for 61% of total net revenue, down slightly from 62% last year. This has to do with the improvement of the performance of Hidden City. Our gross margin reached a record high of 71.6%, up from 69.1% a year ago, primarily due to the continued growth of the G5 Store. Monthly average gross revenue per paying user reached a new high of $71.7, and it increased 1% sequentially and 9% year-over-year. This reflects the continued trend for the improvement of the underlying quality of our audience. G5 Store is a key factor, with its generally higher paying users, players, and overall smaller player numbers than on mobile platforms. In the quarter, we also saw, at first in a little while, a sequential improvement in the broader audience numbers, where MAU and MUU grew by 1% and 2% respectively, while DAU and MUP declined 1% and 2%, respectively. All in all, basically, a stable sequential performance when it comes to audience metrics, which is a significant improvement compared to previous years, and a testament to the stabilization of Sherlock and Hidden City. Let's move on to the next slide. Let's look at our operating profit for the quarter. Operating loss for the period came in at SEK 6 million, compared to profit of SEK 32.8 million last year, and this resulted in an EBIT margin of -2.7%, compared to +11.8% last year. The lower EBIT was impacted by foreign exchange revaluations. Adjusting for that, the EBIT margin would be +0.8%, compared to 9.6% last year. An even bigger impact on EBIT was the increase in the amount of user acquisition that I spoke about, that we have deployed during the quarter to stabilize the revenue of two main games, Sherlock and Hidden City, and also to support the scalability test of the game called Twilight Land, which was unfortunately discontinued based on the results of this test. UA increased by 6 percentage points compared to Q4 2024. During the quarter, the net capitalization impact on earnings was SEK 0.8 million, compared to minus SEK 3 million last year. Now let's turn to the next slide to talk about our cash position. Capitalization impact on cash flow was minus SEK 23.2 million, less than the minus SEK 25.5 million last year. The movement of working capital was negative minus SEK 26.4 million, compared to minus SEK 21.5 million last year. We have large fluctuations in working capital between the quarters with few large counterparties. In Q4, we also see some year-end effects from earlier payments. Total cash flow during the Q3 was minus SEK 31.1 million, compared to positive SEK 18.9 million last year. Total cash at the end of the period stood at a strong SEK 216 million, down from the same period last year. But again, one has to remember that our business primarily is denominated in USD and that we are holding our reserves in our functional currency, the USD, which declined about 16.5% to SEK, compared to the close of 2024. In USD, we closed the quarter with $23.5 million, compared to $25 million a year ago, not that much of a difference. Also buybacks of SEK 2.7 million were made during the Q4. All right, that was the last slide on performance, and let's sum it up and some outlook for the future. As we enter into 2026, we have multiple strategic initiatives that we are pursuing. We will continue to execute on the G5 Store strategy and expand our third-party offering with additional selection of high-quality games. From the initial launches that we have made, once again, we see that high quality free-to-play games have the potential to earn up to 15% in incremental revenue from launching on G5 Store. We will continue developing G5 solutions for processing payments from players on mobile platforms directly. These are Webshop and other modules that together we call G5 Pay. We want to see the percentage of payments from mobile platforms made directly to us grow over time. We'll continue to work on stabilizing and growing our main revenue pillars. Sherlock and Hidden City are starting to perform better, and a roadmap of improvements will be implemented for Jewels of Rome in the first half of the year. For user acquisition, we will continue to be in the higher bracket of our previously communicated range of 17%-22% of revenue. We have promising games in the pipeline, one of which is showing the best metrics we have seen in soft launch. That's cautiously encouraging. We have also formed several smaller agile teams that are rapidly testing innovative game concepts at a higher pace. We are excited to see what will come from that area in the next few quarters. Resources that were freed up from the Twilight Land game that was closed, as I mentioned, were reallocated to strengthen these strategic initiatives or let go. We will continue to work actively on the cost structure to maintain the high momentum we have in the product and in the G5 Store development while also being fiscally responsible to be able to continue to fund these initiatives from operations. We continue to have a strong balance sheet and zero debt, a foundation to be able to pursue all the initiatives that we have going as we enter into 2026. And thanks to our stable performance, we are proud that the board was able to propose a dividend of SEK 2 per share, corresponding to approximately SEK 15 million. With that said, I would like to thank the whole G5 team for their outstanding work in 2025, and I look forward to a prosperous year ahead. This concludes our presentation, and let's open the call for questions. Yes, and as stated before, you can raise your hand to ask a question verbally, or you can also post them in the Q&A box. We have a few of those already there, so we'll get back to those, but we'll start with Simon Jönsson from ABG. Simon, you're - there you go. Thank you, and good morning, guys. Hope you can hear me well. I have first a few questions on G5 Store, and I wonder what's your visibility in third-party games joining? Do you have, like, prospects lined up, or how does it work? Well, we happen to know a lot of studios that we worked with over the years or that we know through industry contacts. And we have a business development team that basically knows the industry, and they know developers of a certain caliber that we believe is the sweet spot for us, for the G5 Store, that we believe can really benefit from launching their games on G5 Store. So there is a balance to be found between the quality of these games and the size of their business, so that this additional revenue through the G5 Store can be sizable enough for them, but the games are successful enough that we can expect them to perform really well on G5 Store. So you can think of developers that have games that are roughly the size of, of our games, for example, or approaching that. And we, as I mentioned, we have, very large developers, actually, very, very much interested, because the situation in, in the market is that everyone is looking to, maximize the revenue through incremental revenue, through different channels. And in that sense, G5 as a channel, as we've seen with the first two games that we've launched, really delivers. So we are, being-... thoughtful about who we invite on G5 Store, and, you know, a little bit selective, but we also want to try some genres that we actually do not have in our catalog, as you can see from the first releases, but we can be even more bold and try genres that are further away from our core offering. So, a number of deals is already signed, and the developers are working on providing the builds that we will launch in G5 Store. This is already ongoing, and new deals are being negotiated as we speak. So there's a little pipeline of games is formed. You know, we don't want to bring tons of games, or at least not yet, to G5 Store in one year, but we will look at the performance of the new releases and decide as we go. All right. Yeah, that makes sense. Then, on the cost side, I mean, are you taking costs for this, the third party initiative right now, like a front cost which is weighing on the margins? Or is this... Are Are those potential costs quite negligible? Well, we certainly have to develop certain SDKs and frameworks to be able to launch external games. But the team, the platform team that does it is relatively small compared to, you know, teams that actually do make games. So it's not very significant. When it comes to the deal terms, I wouldn't want to reflect on specific deal terms, but it's kind of a usual industry standard for distribution of games. And they are, they're not very costly, so to speak, as usually in distribution, because we're not talking about funding the development or exclusive publishing. So these, the commitments that distributors make, they're relatively limited. All right. In terms of you making, like some kind of payments for the right or something like that, is that something you think will occur? I mean, we have seen it in other cases in the industry, when companies are, you know, using other platforms for distribution. There's sometimes some kind of fee for that, some right. Is that something you think you will have to pay as well, or do you think that it will be more revenue sharing? Well, again, I think that there's clearly a need for the developers that are similar in size for incremental revenue. I think the practice that you're saying that it exists; it's a practice from different kinds of games and casual games. I don't think that practice even exists. I think developers are quite eager to distribute their games on alternative channels, and I think we are aiming at finding the right partners. The space is very fragmented, as you can imagine. There are many games that are making, you know, sizable amounts of money, but they're not like top hit games, and these games can really use incremental revenue. But we're not looking to obtaining like super brand high like high brand recognition games, at least not yet. So that's just. I wouldn't say that it's relevant to our business model at the moment. There are many developers out there who just want to find additional revenue for their games, and this is what we are providing. Yeah, but I think I see where Simon is coming from, but you know, it's not like we're paying huge amounts for some exclusive rights that would be kind of significant or take any kind of, you know, significant balance sheet risk if we would capitalize that either. So, if I would answer that question shortly, if I interpreted you correctly, I would say no. Yeah, the short answer is no. And again, we're not talking about any exclusive distribution or exclusive partnerships. So it's just a distribution through G5 Store, while developers are free to distribute their games elsewhere. So it doesn't cost us, you know, outrageous commitments, and everything is within very reasonable, and we're more than satisfied with the initial launch. All right. Thanks for that. That's helpful. Then just a final one on the capital allocation. You reduced the dividend as a result of lower earnings, of course, but what's your view on share buybacks now? Have you changed your view on that in some kind of way, or what's your view or the board's view? No, we still have the mandate from the board. We still do make buybacks. We did buybacks in Q4. We're likely to continue doing it in the future. That's... the position hasn't changed. All right. Thank you. That's all for me. Thank you so much. Thank you, Simon. Then we have Erik Larsson from SEB. There you go. Now you can unmute yourself and go forward. Yep. Yeah, let's see. Now you can hear me, I think. Yes, we can hear you. Yeah, no, I just wanted to follow up on some of the distribution of third-party games. So, you know, it sounds pretty promising, but could you just speak a bit more to, you know, how did these initial signs come or how did it come in versus your expectations? Have you had to do, like, material changes along the way, these first few weeks, or just any flavor there would be interesting. Essentially, what we are doing with new releases is we are letting them be exposed to the audience that we have accumulated in G5 Store, and that continues growing through user acquisition in our own games. And as you know, as always, with mobile free-to-play audiences, there is a percentage of people who pay, and they drive virtually all of the revenue. And then there is a very large percentage of people who never pay anything at all, but they still play these games. And what is achieved by widening the offering is that we're making it possible for those audiences that are not monetizing in the games that we have to monetize in the games that we bring in. We obviously have to think a little bit about the cannibalization. That's why we want to have a curated experience, at least for now, and bring in games carefully by sort of complementing the games that we have in our store, rather than competing with them. And our thinking was that basically because we are in a situation where our games are not doing terribly well on mobile, but they continue to grow on G5 Store, we thought there can be other developers in exactly the same situation, where they are a little bit stuck on mobile, and they're looking how to increase their revenues, but they cannot do it on mobile. It may work exactly the same way as it works for our games, which are stable on mobile, but they're growing on G5 Store. And that's exactly what we tried, and that's exactly what we saw, is that, these games that we brought to the G5 Store, they are very stable. They're unable to grow on mobile stores in the present market environment, but once we put them in the G5 Store and exposed them to our audience, they found players, they found paying players, and their revenues started growing, fairly quickly, pretty much organically. And this confirmed our thesis that, you know, if we had more games on G5 Store, the G5 Store would be even more successful. So we just need to. We can help other developers earn incremental revenue, but also bring even larger audience to the G5 Store and improve the offering of games that we have in the G5 Store. It's an interesting snowball, sort of, to try and roll down the hill. We've been working on G5 Store and on bringing people to G5 Store for over five years now. And we've gathered in G5 Store some of the highest-paying users, actually, driving the revenues within G5 Store. People who are very loyal to the brand, people who really love these casual games, and really love playing them on large screens. So, that's our thinking there. And, you know, so far we see confirmations of the original idea, that it's worth pursuing. Okay, and then just a final question, you know, on, I guess, materiality. Because it, it does sound very promising, but at the same time, it, it sounds like you want to manage expectations. So, you know, for 2026, how much impact could this be? Are we talking low single -digit, high single -digit, or even double -digit in terms of share of revenue? Just to get a sense, if you could comment that. From these external games? Yes. Well, I wouldn't want to set expectations too high, so I think low, mid, single- digit would make more sense than aiming even higher. But the truth is, we do not know. The games are en route to G5 Store. It's not entirely dependent on us. Developers have to allocate resources to create these versions. We have to test them, and so forth. It usually takes time. Timeline moves a little bit. We'd like to release as many of the games that we have signed in G5 Store already this year. And then, some of the games that we will be bringing into G5 Store this year, they are, very big on mobile, but also some are in genres that are a little bit off from our core offering, so we don't know exactly how well they will perform, but it's very exciting to try and launch something very different. So it's, it's really hard to say, but, but we want to move there as fast as we can and, and try things. Okay, thanks. That's helpful. Thank you. Thank you, Erik. We have Hjalmar Ahlberg from Redeye. Please go ahead. Thank you. Thank you. So yeah, also, I kind of follow up on the, on the G5 Store there. A bit curious on how you see, I mean, in terms of, of growth of the total-... So say players that find G5 Store, I guess, you see the potential that, that more players come in through these new games, but, but you also kind of invest UA in terms of, of getting players that have not found your games coming direct to the G5 Store, if you understand my question? Yeah. Yes. Again, the logic is that we're basically doing for other developers what we have achieved for ourselves in G5 Store, where we have managed to find a way to continue to grow our very high quality, casual, free-to-play games within a PC environment, within our direct store distribution, even when they don't really grow in the current market situation on mobile platforms. And not only we see organic traffic in G5 Store, and we see substantial amount of organic traffic in G5 Store, we also do user acquisition as well. We do it for our own games, and we want to try exactly the same thing for third-party games, because there's nothing different, except that we will only operate this game within the G5 Store, and we can acquire organic traffic, or rather improve our offering within G5 Store, which should benefit organic traffic, but also bring in user knowledge of user acquisition in this environment to bring in users into these new games, in the G5 Store in order to cross-pollinate, so to speak, all of these games. And we do have cross-promotion between all the games. So the games that we bring in, they benefit from our existing audience and the cross-promotion exposure within our existing games. But then there's probably going to be situations where our games will benefit a little from the audience that we bring into the other games, third party games that we bring to the G5 Store. As always, like I said, like 95% of people, or 90% of people never monetize, right? So you can you don't have to move around the 10% that monetize, and we try to avoid it as much as possible. Basically, just try to leave people be if they monetize. But we can move around people who do not monetize in the hopes that they will monetize in some other game that they will particularly like. And so by expanding our offering, and by bringing more users through profitable user acquisition in these games and ours, we can continue growing G5 Store, but we can continue growing it with more games than we have now, right? Because right now, our selection is offered to our own games, and when we open it up to games of other developers, this selection can grow several times over very easily. And these games can be really, really good. If our game that makes certain amount of money on mobile platforms is still growing on G5 Store, there's a good chance that another game that's making this amount of money, about this amount of money on mobile platforms, cannot grow there, can still grow on G5 Store. And that's the thesis that we have, and so far, with the first two games, we see the confirmation. Okay, sounds promising there. And also a question on, I mean, Jewels. You've been able to kind of stabilize Hidden City and Sherlock, as you say. Are you hopeful for Jewels, or do you see that it's more difficult with that, those games compared to the other two? Yeah, well, this game, unfortunately, has the most, game design debt, so to speak. Our thesis is that the match-3 genre is sort of moved a little bit away from this type of games. It's been, I think, about six years since we released it, so some catching up needs to be done. And there are some major changes, that are coming into the game, which we think will benefit it in any way. Question is whether this will benefit the game by extending its life cycle and, just, you know, just, by kind of increasing its terminal value, or are we going to be able to actually go back to stabilization and possibly growth? So we will find out in the next couple of quarters. That's the ambition. Okay. I'm looking at your pipeline of new games here. I mean, Twilight, as you say, didn't work out to be a global launch, but you still have some new promising games there. How do you think about the process here? I mean, you changed development funnels a few years back. Twilight was quite a long time in soft launch. Is this the kind of way it can be going forward, or do you think it will be quicker processes going forward, I mean, comparing to Twilight, for example? So Twilight Land is actually quite old game, so we launched it even before we've changed the new funnel process. So it's the last one that we had in development, which was initiated before that process was put in place. Since the new process was put in place, we've killed quite a number of games, and usually in the early stages. I do not think we brought a single game to the scalability phase under the new funnel. So this one that I am cautiously excited about is the first game that actually made it to the scalability phase, and it was initiated after we had the new funnel process. So we think about it the same way. The problem is that the bar is very high in the market, for a number of reasons, including, you know, decisions on how mobile user acquisition is being made by large players by their action or inaction. It is a very high bar, to be able to create a game that is scalable. We will still be doing it. However, you know, this is what makes us excited about G5 Store, that it's at some point, you start thinking: Well, you know, it's really hard to acquire users on mobile, and you have to pay this tax to the app stores, which is quite insane, actually. So you are essentially investing money to pay this tax to them, which doesn't make a lot of sense. It did make sense some years ago. Now, it's almost impossible to do business this way. So you have to have either a groundbreaking game, which we hope to have, we just need to raise the bar, aim higher, or we have to find an alternative way to work with our players, and this is where G5 Store and G5 Pay come into play. You know, if you look at the G5 Store, the size of G5 Store business, it's pretty significant already, and it continues growing. So, I think it's time we open it up for other games, and we try to work even more actively on expanding the G5 Store as a direct way to reach our players, just bypassing mobile app stores entirely. All right, thank you very much. Thank you, Hjalmar. Thank you, Hjalmar. Okay, we have one question in the Q&A box currently, but I just want to remind people that you can still raise your hand if you want to ask a question, verbally, and you can also obviously type in more questions in the Q&A box. What we have currently is from Ole 898. I don't know if we have a new Ole or if we just added an eight in the end, but can you say anything about what happened in Sherlock in November? Yes. So let's call it a Live Ops incident. There were actually several incidents which affected the revenue. And, you know, conclusions were made from that. We hope they will not be repeated. Sometimes it happens. It doesn't happen very often, but Live Ops is driving a lot of monetization in G5 Store and the mobile stores, and if something doesn't work, there can be material consequences in the percentage of revenue that's lost. And so we had a few hiccups, unfortunately, in November, which affected the performance of Sherlock, specifically. Okay, that was the last question as far as I can tell. And yeah, I think, then we'll just wrap it up here. Vlad, any final remarks? No. Thank you so much. Very thoughtful questions, and you gave me the opportunity to talk about G5 Store, my favorite topic. Thank you again for joining our call today. I wish you good rest of your day. Thank you all. Thank you all. Bye. Bye.