Interim report
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1 Another s olid quarter with SEK 3 bn net sales , 2 3 % adjusted EBITDA margin Financial highlights Q 3 • Net sales stable YoY at SEK 2,988 ( 2,987 ) million and - 2 % in constant currencies ( also pro forma and organic bases 1 ) • Group total UA spend up by 6% YoY (4% in constant currencies) to SEK 1,178 ( 1,112 ) million, or 39% ( 37% ) of net sales • Adjusted EBITDA up by 3% YoY to SEK 693 ( 675 ) million, with adjusted EBITDA margin of 23% ( 23% ) • Reported EBITDA of SEK 688 ( 590 ) million and EBIT of SEK 31 8 (2 32 ) million • Net income of SEK 149 ( 39 ) million , and adjusted net income of SEK 431 ( 3 61 ) million • Cash flow from operations of SEK 431 ( 382 ) million Financial highlights nine months • Net sales up 8% YoY to SEK 9,112 ( 8,456 ) million and up 13 % in constant currencies , 6 % pro forma 1 and 5 % organic • Group total UA spend of SEK 3,540 ( 3,125 ) million, or 39% ( 37% ) of net sales • Adjusted EBITDA up by 14% YoY to SEK 2,202 ( 1,931 ) million with an adjusted EBITDA margin of 24% ( 23% ) • Reported EBITDA of SEK 2,132 ( 1,780 ) million and EBIT of SEK 1,006 ( 745 ) million • Total net income of SEK 386 ( 43 ) million and total basic earnings per share of SEK 3. 24 ( 0.36 ) • Cash flow from operations of SEK 1,507 ( 884 ) million and u nlevered cash conversion of 8 2 % for the 12 - month period Key highlights • MTG unveil ed Playamp as the new brand for its Midcore District • MTG exercised the final put/call options for Snowprint , thereafter own ing 100% of the studio • MTG acquired WARP36, Inc , the developers of the upcom ing Star Trek: Warp game , and onboarded the studio into Playamp • After the end of the period , MTG announced the decision to postpone the potential IPO of Playsimple due to prevailing conditions in the Indian capital markets Financial overview 1 Growth is fully organic in Q 3 , and so constant currency, organic and pro forma growth are the same in the quarter, albeit not on a year to date basis . MTG will continue reporting pro forma growth in 2026 to ensure quarter and year to date numbers are consistent, due to the consolidation of Plarium from February 2025. (SEKm) Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Net sales 2,988 2,987 9,112 8,456 11,579 EBIT 318 232 1,006 745 963 EBITDA 688 590 2,132 1,780 2,383 Adjusted EBITDA 693 675 2,202 1,931 2,648 Net income 149 39 386 43 -62 Cash flow from operations 431 382 1,507 884 1,723 Basic earnings per share (SEK) 1.25 0.33 3.24 0.36 -0.53 Diluted earnings per share (SEK) 1.25 0.33 3.24 0.36 -0.53 Growth Sales growth, % 0% 108% 8% 96% 92% Organic growth, % -2% 15% 5% 10% 9% Pro forma growth, % -2% - 6% - -
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2 Letter from the President and CEO Solid Q3 in a challenging market; Playsimple IPO postponed, strategy unchanged Q3 was a stable quarter of disciplined execution against strong comparisons coupled with a more challenging marketing and user acquisition environment across the industry . On 9 October we also announced the postponement of the potential IPO of Playsimple. I explain our reasoning below, but our strategy and ambition s are unchanged. We reiterate our full year outlook, with revenue growth now expected towards the lower end, and adjusted EBITDA margin towards the upper end of our guided ranges . Our pro forma revenues were down - 2 % year over year in Q3 but up 6 % for the first nine months of 2026 . Total revenues for Playamp (previously the Midcore District) were down - 6% year over year in Q3 but up by 2% for the year to date, both on a pro forma basis. Playamp’s performance reflected 1% pro forma revenue growth in RAID: Shadow Legends, more than offset by declines in Forge of Empires ( - 13 %) , and Warhammer 40,000: Tacticus ( - 10 %) as the latter had an outstanding Q3 last year. Playsimple delivered 11% pro forma growth year over year against strong comparisons from Q3 2025, when several new titles began to scale rapidly, and were up 23% for the year to date on the same basis. Healthy margins as DTC gains offset UA investments We invested a total of SEK 1,1 7 8 million in user acquisition (UA) in Q3, a 6 % increase year over year, corresponding to 39% of our total revenues in the quarter. Th is comprised a 19% increase in Play s imple’s UA in constant currencies , coupled with a - 4% constant currency decline in Playamp , as higher UA levels in RAID and Tacticus were mo re than offset by lower marketing spend in other games. DTC revenues represented 42% of group total compared to 38% in Q2 and 26% in Q3 last year, with Playamp generating 55% of total revenues from its various DTC initiatives in Q3 (51% in Q2, 33% in Q3 last year). This reflected our direct monetization strategy and our focus on driving players to engage with our DTC channels . Google introduced new rules on alternative billing and began charging platform fees on external links for Android players in the US f rom 1 October , reduc ing some of the cost advantages of DTC from these players . Our full year margin outlook reflects this expected impact. Our teams are implementing a range of mitigation tactics to optimize our DTC revenues and strengthen our direct relationship s with our players. Our adjusted EBITDA was up 3% year over year to SEK 693 million in Q3 and up by 14% to SEK 2,202 million for the year to date. The adjusted EBITDA margin was stable at 23% in the quarter and increased to 24% for the year to date, from 23% last year. The performance reflected l ower platform fees, driven by continued success of our DTC initiatives , being largely offset by higher user acquisition spend , mainly in Playsimple . In August , MTG also acquired WARP36 , the studio behind the upcoming game Star Trek : Warp , which resulted in an increase in operating expenses in Playamp in the quarter . Playamp reported adjusted EBITDA margins of 26% in Q3 and 27% for the year to date, up from 24% for both periods last year. Playsimple reported margins of 2 1 % and 23% for Q3 and for the year to date , down from 23% and 25%. Play s imple IPO postponed, strategy and ambition unchanged On 9 October we announced the decision to postpone the potential IPO of Playsimple due to the prevailing conditions in the Indian capital markets and to revisit the timing during 2027 . We have two specific goals with the
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3 potential listing: to crystallize value for our shareholders and to empower Playsimple to better execute on all aspects of its growth strategy. We do not believe that a listing with the challenging market backdrop would enable us to effectively deliver on these objectives. We took this decision proactively , having followed market conditions closely in recent months . The decision does not change our long - term strategy or ambitions for Play s imple , or for MTG. With extensive preparations completed we are well placed to proceed with a potential listing when conditions are right . S trong cash generation with increasing balance sheet optionality Our unlevered cash conversion amounted to 82 % of adjusted EBITDA for the rolling 12 - month period ended 30 September 2026. Th is reflect s very solid underlying cash generation across the group . We exercis e d the final put/call options for Snowprint in July and now own 100% of the studio . Our total leverage is now just under 1 .4x and w e do not have significant earnouts on our balance sheet . T aken together with our strong cash generation this means we now have increasing optionality as it relates to capital allocation and deployment . We also continue to execute on our SEK 500 million share buyback program, which runs until May 2027. Continued progress in the new game pipeline Our Gaming Village continued to build the next generation of titles in Q3. Some of our newer game s continue to scale, with Heroes of History from Inno G ames and Word Connect Association from Playsimple being two call - outs in Q3. We also have several new games in or entering soft launch, including Bloons Blitz from Ninja Kiwi and Star Trek: Warp from our newly acquired studio WARP36 . Looking further ahead, we have an exciting pipeline of new titles, both big and small, headlined by the major project from the Plarium team behind RAID, which we expect to announce in early 2027. 2026 full year outlook We remain on track to deliver on our full year outlook for group pro forma revenue growth of 5 - 8% and adjusted EBITDA margin of 22 - 24%, with expected revenue growth towards the lower end of the range and adjusted EBITDA margin towards the upper end. Our teams are now fully focused on the seasonally important final months of 2026, and the year ahead , including the new game lineup , and I would like to thank them for their hard work and commitment. Our long - term focus continues to be on our organic growth strategy: nurturing evergreen titles, launching new games, strengthening shared service organizations within our Districts, and implementing AI across our value chain; as well as finding the right new studios to join our group. Thank you for following our progress. Maria Redin, Group President & CEO, MTG
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4 2026 full year outlook on track • MTG expects full year 2026 pro forma revenue growth to be in the range of 5 - 8 % , now expected to be towards the lower end of the range • MTG expects full year 2026 group adjusted EBITDA margin to be in the range of 22 - 24 % , now expected to be towards the upper end of the range Significant events January 7 - MTG to transfer 6,194,343 class B shares to the sellers of Play s imple by the end of January 2026 and reduce holding of own shares and votes below 5%. April 23 – Play s imple files Draft Red Herring Prospectus as part of preparation for potential listing of the company in 2026. The prospectus can be downloaded on this link . May 1 5 – Conclusion of MTG’s share buyback program that commenced on 10 October 2025 . MTG has repurchased a total of 3,807,000 own class B shares under the program, for a total value of SEK 400 million. May 21 – MTG’s Annual General Meeting (AGM) resolved on all proposals, including the adoption of income statements and balance sheets and treatment of MTG’s results, a new share buyback program, and an incentive plan for 202 6 . May 21 – MTG launche s a share buyback program of up to SEK 500 million, corresponding to one third of the group’s 2025 levered free cash flow (LFCF). The program will run between 22 May 2026 and 7 May 2027. August 11 – MTG unveil s Playamp, the new brand for its Midcore District. The brand reflects the district’s position as a leading ecosystem for scaling in - app purchase (IAP) driven games, with a distinct identity that attracts and supports talent, games and studios. October 9 – MTG announces that the IPO of Playsimple will be postpon ed due to prevailing conditions in the Indian capital markets. MTG continues to believe that a potential public listing of Playsimple will create significant shareholder value and strategic opportunities for the company and will revisit the timing for a potential IPO during 2027. Further information about the group’s significant events can be found on MTG’s homepage on www.mtg.com
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5 Group p erformance MTG reported total revenues of SEK 2,988 million in the quarter, flat year over year in reported currencies , and - 2 % in constant currencies and on a pro forma basis 2 . This mainly reflected stable performance of RAID: Shadow Legends and continued growth in Playsimple ’s portfolio , more than offset by lower revenues in Forge of Empires, Warhammer 40,000: Tacticus and other games in Playamp 's portfolio . Group revenues were up 6 % to SEK 9,112 million for the first nine months on a pro forma basis . The group’s three largest games are RAID: Shadow Legends, Forge of Empires and Warhammer 40,000: Tacticus. These games accounted for 51% of the group’s total revenues in the quarter, unchanged from the third quarter of 2025 and up from 48 % in the second quarter of 202 6 . RAID: Shadow Legends revenues were up by 1 % year over year in constant currencies , amounting to SEK 1 , 136 million in Q 3 , and SEK 3,52 1 million for the first nine months of 2026. Highlights of the quarter included the Echoes of Oz themed content release in August, based on The Wizard of Oz IP, supported by two dedicated hero events, as well as double Mythic events in July and August. The team also launched a new HeroPass in August and, in September, a new Conquest Battle Pass, the Oktoberfest fusion event and an expanded Artifact and Accessory F renzy event . Forge of Empires revenues were down by - 13 % year over year in constant currencies, compared to a decline of - 22 % in Q 2 202 6. Total game revenues amounted to SEK 188 million in Q 3 , and were flat compared to both the second and first quarters of 2026 . The game generated SEK 561 million for the first nine months of 2026. The team deployed new content aimed at veteran players in line with their plans , including the launch of the Stellar Age: Discovery era in August, the first new era since 2024 , which contributed to the game’s stabilization. Warhammer 40,000: Tacticus revenues were down - 10 % year over year in constant currencies, amounting to SEK 200 million in Q 3 , and SEK 543 million for the first nine months of 2026. This was the second highe st quarter of revenues from Tacticus, with the decline reflecting high comparison numbers from Q3 2025, when the game 2 G rowth is fully organic in Q 3 , which means that constant currency growth, organic growth and pro forma growth are the same . (SEKm) Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Net sales RAID: Shadow Legends 1,136 1,078 3,521 2,916 4,043 Forge of Empires 188 216 561 735 983 Warhammer 40,000: Tacticus 200 222 543 556 745 Other games 1,464 1,472 4,487 4,249 5,808 Total net sales 2,988 2,987 9,112 8,456 11,579 Sales growth, % 0% 108% 8% 96% 92% Organic growth, % -2% 15% 5% 10% 9% Pro forma growth, % -2% - 6% - - User acquisition -1,178 -1,112 -3,540 -3,125 -4,316 Adjusted EBITDA 693 675 2,202 1,931 2,648 Adjusted EBITDA margin, % 23% 23% 24% 23% 23%
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6 deliver ed all time high revenue s . During the quarter , the team ran the fourth anniversary event and release d a new Crusade mode in August, with Crusade, Expeditions and Guild Projects established as recurring features. The group invested a total of SEK 1,178 ( 1, 112 ) million in user acquisition in the third quarter , which was a 4 % increase year over year in constant currencies , or 6 % in reported currencies . The increase reflected higher UA spend in Playsimple , partly offset by lower spend in Playamp. User acquisition represented 39% (37 % ) of the group’s total revenues in Q3. The group reported SEK 693 ( 675 ) million in adjusted EBITDA in Q 3 , representing a 3 % year over year increase. The increase was driven by Playamp, mainly reflecting lower platform fees from the higher share of DTC revenues , whil e net sales growth in Playsimple was offset by higher user acquisition spend. Adjusted EBITDA margin was 23 % (2 3 % ) for the quarter. Segment p erformance Playamp (Midcore District ) Playamp reported total revenues of SEK 2, 301 ( 2,3 73 ) million in the quarter, corresponding to a decrease of - 3 % year over year in reported currencies and - 6 % in constant currencies , as low single digit g rowth in RAID: Shadow Legends, and healthy growth in Heroes of History and Bloons TD 6 was more than offset by lower revenues in Forge of Empires , Warhammer 40,000: Tacticus , F1 Clash and Merge Gardens. District revenues were up 2% on a pro forma basis in the first nine months of 2026. Daily active user (DAU) levels for Playamp were lower year over year , amounting to 3 . 8 ( 4. 0 ) million in Q3 . While DAU levels were lower , Playamp reported a 2% year over year increase in average revenue per daily user (ARPDAU) to SEK 6. 6 ( 6. 5 ) in Q 3 . This reflected higher ARPDAU in RAID: Shadow Legends and Heroes of History in particular . Playamp generated 5 5 % ( 3 3 % ) of its revenues from direct - to - consumer (DTC) sales in Q 3 , up from 51 % in Q 2 202 6 . This reflected a strategic focus on initiatives designed to get player s to engage with our DTC channe ls . Playamp invested a total of SEK 726 ( 736 ) million in user acquisition in Q 3 . District UA spend was down - 4 % year over year in Q 3 in constant currencies , driven by lower spend in Forge of Empires and certain other games. (SEKm) Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Net sales 2,301 2,373 6,996 6,635 9,039 Sales growth, % -3% 168% 5% 152% 147% Organic growth, % -6% 11% 0% 7% 5% Pro forma growth, % -6% - 2% - - DAU, million 3.8 4.0 4.0 4.1 4.0 ARPDAU, SEK 6.6 6.5 6.4 6.0 6.1 User acquisition -726 -736 -2,159 -2,033 -2,727 Adjusted EBITDA 591 568 1,870 1,593 2,278 Adjusted EBITDA margin, % 26% 24% 27% 24% 25%
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7 Playamp reported SEK 591 ( 56 8 ) million in adjusted EBITDA in Q 3 , an increase of 4% year over year. The increase mainly reflected various DTC initiatives driving lower platform fe es combined with slightly lower user acquisition spend. District O pex was up year over year driven primarily by the onboarding of WARP 36 into Playamp , year on year impact of the strengthening US dollar , studio mix impact and some one - off items . Playamp reported an adjusted EBITDA margin of 26 % in Q 3 , up from 2 4 % for the corresponding period of last year. Playsimple (Casual District) Playsimple reported total revenues of SEK 687 (615) million in the quarter, corresponding to 12 % year over year growth in reported currencies and 11 % in constant currencies. Growth was primarily driven by Crossword Go , Word Connect Association , Cryptogram and other new games , which more than offset lower revenues in several of our established word games . The 1 1 % constant currency growth in the quarter reflected the strong Q3 last yea r, when Playsimple’s revenues were up 21% on a constant currency basis , as well as lower returns on our marketing spend, driven by a more challenging environment for user acquisition and weaker long - term retention in some of our established games. Daily active user (DAU) levels were down by - 1 3 % year over year to 4. 0 (4. 6 ) millio n, while Playsimple ’s ARPDAU was up by 27 % year over year to SEK 1. 9 (1. 5 ). District DAU was down whi le AR P DAU was up reflecting t he growth of new casual games, which have improved monetization relative to some of our established titles, and are also currently predominantly focused on tier 1 markets . Playsimple invested a total of SEK 452 ( 375 ) million in user acquisition in Q 3 , representing a 19 % increase in constant cu rrencies . Playsimple ’s adjusted EBITDA was broadly stable year over year in Q 3 and amounted to SEK 141 ( 143 ) millio n , with an adjusted EBITDA margin of 21 % ( 2 3 %). The lower margin reflected higher UA spend, which amounted to 66% (61 % ) of revenues. (SEKm) Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Net sales 687 615 2,116 1,821 2,540 Sales growth, % 12% 11% 16% 8% 8% Organic growth, % 11% 21% 23% 15% 17% Pro forma growth, % 11% - 23% - - DAU, million 4.0 4.6 4.4 4.5 4.6 ARPDAU, SEK 1.9 1.5 1.8 1.5 1.5 User acquisition -452 -375 -1,381 -1,091 -1,589 Adjusted EBITDA 141 143 484 460 576 Adjusted EBITDA margin, % 21% 23% 23% 25% 23%
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8 Key performance indicators Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Group DAU , million ¹ 7.8 8.5 9.0 8.7 8.6 ARPDAU, SEK 4.2 3.8 3.9 3.9 3.8 Revenue generated by platform, % Mobile app stores 54% 57% 56% 64% 69% Direct to consumer 42% 38% 39% 32% 26% Other 4% 5% 5% 4% 5% Revenue generated by monetization type, % IAP 76% 74% 77% 74% 78% IAA 21% 23% 20% 22% 20% Other 3% 3% 3% 4% 2% Revenue generated by territory, % Europe 32% 33% 33% 35% 36% North America 58% 57% 56% 55% 55% Asia Pacific 9% 8% 9% 8% 8% Rest of World 2% 2% 2% 2% 2% Revenue generated by the top 3 games, % 51% 48% 53% 50% 51% Playamp DAU, million 3.8 4.0 4.1 3.9 4.0 ARPDAU, SEK 6.6 6.1 6.6 6.7 6.5 Revenue generated by platform, % Mobile app stores 41% 44% 45% 54% 62% Direct to consumer 55% 51% 49% 42% 33% Other 4% 5% 6% 4% 5% Revenue generated by monetization type, % IAP 95% 95% 95% 94% 95% IAA 2% 2% 2% 3% 3% Other 3% 3% 3% 3% 2% Playsimple DAU , million ¹ 4.0 4.5 4.8 4.8 4.6 ARPDAU, SEK 1.9 1.8 1.6 1.6 1.5 Revenue generated by platform, % Mobile app stores 96% 96% 96% 97% 97% Direct to consumer 0% 0% 0% 0% 0% Other 4% 4% 4% 3% 3% Revenue generated by monetization type, % IAP 12% 9% 10% 9% 13% IAA 88% 87% 87% 90% 88% Other 0% 4% 3% 1% -1% ¹ Playsimple district DAU figures have been updated to align with the calculation and disclosure from Playsimple ' s DRHP filing , which reflect Playsimple ' s internal data rather than third party measurement.
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9 Financial review Adjusted EBITDA We reported a 3% increase in adjusted EBITDA to SEK 693 ( 675 ) million in Q 3 , with an adjusted EBITDA margin of 23% . The group’s adjustments to reported EBITDA amounted to SEK - 5 ( - 86 ) million in the quarter. The adjustments in Q3 2026 related to M &A transaction costs . Depreciation, amortization and impairment, amounted to SEK - 370 ( - 358 ) million and included amortization of purchase price allocations (PPA) of SEK - 288 ( - 308 ) million . Consolidated EBIT was SEK 318 ( 232 ) million in the quarter, which corresponded to an EBIT margin of 11% ( 8% ). Operating costs before depreciation and amortization de creased by - 4% year over year to SEK 2,300 ( 2,398 ) million. SEKm Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Adjusted EBITDA 693 675 2,202 1,931 2,648 Items affecting comparability - - -11 - -25 Non-recurring bonus structures - -37 - -38 -45 M&A transaction costs and revaluation of put/call options -5 -48 -60 -113 -195 EBITDA 688 590 2,132 1,780 2,383 Depreciation, amortization and impairment -370 -358 -1,125 -1,035 -1,419 EBIT 318 232 1,006 745 963
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10 Cash flow Cash flow from operations Total cash flow from operations amounted to SEK 431 ( 382 ) million in the quarter. The group’s paid tax amounted to SEK - 175 ( - 170 ) million in the quarter . The group reported changes in working capital of SEK - 17 ( 2 ) million in the quarter. Cash flow from investing activities Total cash flow from investing activities amounted to SEK - 354 ( - 244 ) million in the quarter. Investing activities in the quarter included the final payment of the put/call option for Snowprint amounting to SEK - 2 72 ( - 192) million . In the quarter we also paid SEK - 17 million for our investment in our new studio WARP36, Inc . Investing activities also included capital expenditure on tangible and intangible assets amounting to SEK - 6 2 ( - 5 1 ) million, primarily comprising capitalized development costs for games and platforms. O ther investments amounted to SEK - 3 ( - 1 ) million. Cash flow from financing activities Total cash flow from financing activities amounted to SEK - 234 ( - 129 ) million in the quarter. This mainly consisted of increased utilization of existing facilities of SEK 172 ( - ) million , amortization of external loans of SEK - 286 ( - 109 ) million and the group’s leasing payments of SEK - 18 ( - 20) million . T he financing activities also in cluded repurchases of shares amounting to SEK - 1 0 1 ( - ) million . The net change in cash and cash equivalents amounted to SEK - 156 ( 10 ) million in the quarter and the group had total cash and cash equivalents of SEK 1,177 ( 1,221 ) million at the end of the period. Unlevered cash conversion Our unlevered cash conversion amounted to 8 2 % of adjusted EBITDA for the rolling 12 - month period ended 30 SEKm Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Cash flow from operations before taxes and changes in working capital 623 550 1,979 1,592 2,259 Taxes paid -175 -170 -380 -619 -695 Changes in working capital -17 2 -92 -89 159 Cash flow from operations 431 382 1,507 884 1,723 Cash flow from investing activities -354 -244 -1,621 -7,433 -7,502 Cash flow from financing activities -234 -129 -22 4,467 3,827 Total net change in cash and cash equivalents -156 10 -135 -2,082 -1,952 Cash and cash equivalents at the beginning of the period 1,322 1,230 1,230 3,543 3,543 Translation differences in cash and cash equivalents 11 -19 82 -239 -360 Cash and cash equivalents at end of the period 1,177 1,221 1,177 1,221 1,230 Cash flow from operations 431 382 1,507 884 1,723 Investments -62 -51 -185 -146 -198 Realized exchange rate differences and paid interest 82 73 185 123 213 Unlevered free cash flow 452 404 1,507 861 1,738
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11 September 2026. The strong performance continued to reflect robust underlying cash generation across the group, as well as the timing of certain working capital items. Net financials Total net financial items amounted to SEK - 73 ( - 96 ) million in the quarter, of which net interest amounted to SEK - 67 ( - 82 ) million and other financial items amounted to SEK - 7 ( - 14 ) million. Other financial items included exchange rate differences of SEK - 37 ( 26 ) million, of which SEK - 24 ( 12 ) million were unrealized exchanges rate differences and SEK - 13 ( 14 ) million realized exchange rate differences. Discounting effects on earnout liabilities amounted to SEK - 3 ( - 32 ) million. Revaluation effects amounted to SEK 34 ( - 19 ) million, mainly related to revaluation of the VC fund . Additionally, financial items also included gain and loss of SEK 1 ( 9 ) and other SEK - 2 ( 1 ) million. Taxes The group’s tax amounted to SEK - 96 ( - 97 ) million in the quarter. Net debt Net financial debt refers to the sum of interest - bearing liabilities, less cash and cash equivalents. Net financial debt as of September 3 0 , 2026, amounted to SEK 3, 5 34 ( 3 ,09 5 ) million. The net financial debt calculation included external financing of SEK 4, 564 (4, 052 ) million, lease liabilities of SEK 1 4 6 ( 2 63 ) million, less SEK 1, 177 ( 1,2 21 ) million in cash and cash equivalents. The financial leverage ratio amounted to 1. 29 x ( 1. 15 x) based on the 12 - month period EBITDA. Total net debt as of September 3 0 amounted to SEK 3, 738 ( 4, 4 1 1 ) million. Total net debt comprised interest - bearing liabilities of SEK 4, 7 11 (4, 316 ) million, earn - out liabilities of SEK 152 ( 1,1 28 ) million and put/ call options of SEK 53 ( 188 ) million , less cash and cash equivalents of SEK 1, 177 ( 1,2 21 ) million. The leverage ratio amounted to 1. 37 x ( 1.64x) based on the 12 - month period EBITDA. Parent company Modern Times Group MTG AB is the group's parent company and is responsible for group - wide management, administration, and financing. Net interest and other financial items for the quarter amounted to SEK - 2 ( - 1 ) million. Net interest amounted to SEK - 3 ( - 1 ) million. Unrealized and realized exchange rate differences amounted to SEK 1 ( 0 ) million and other financial items to SEK 0 ( 0 ) million. The parent company had cash and cash equivalents of SEK 95 ( 231 ) million at the end of the period. The total number of shares outstanding at the end of the period was 118,277,285 ( 117,114,942 ), excluding the 1 , 225 ,000 Class B shares held by MTG as treasury shares. SEKm Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Revaluation 34 -19 -1 -19 -182 Gain and loss 1 9 -32 -181 -158 Net interest -67 -82 -201 -175 -243 Unrealized exchange rate differences -24 12 -110 206 254 Realized exchange rate differences -13 14 3 -1 -21 Discounting effects -3 -32 -34 -136 -183 Other -2 1 -8 -5 -8 Total -73 -96 -383 -312 -543
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12 Other information Accounting policies This interim report has been prepared according to ‘IAS 34 Interim Financial Reporting’ and the ‘Swedish Annual Accounts Act’. The interim report for the parent company has been prepared according to the Swedish Annual Accounts Act – Chapter 9 ‘Interim Rep ort’. The group's consolidated accounts and the parent company’s accounts have been prepared according to the same accounting policies and calculation methods as were applied in the preparation of the 202 5 Annual Report. Starting from 1 January 2026 there are two operating segments. Disclosures in accordance with IAS 34.16A appear in the financial statements and the accompanying notes as well as in other parts of the interim report. Related party transactions No transactions between MTG and related parties that have materially affected the Group’s position and earnings took place during the period. Risks and uncertainties Significant risks and uncertainties exist for the group and the parent company. These factors include the prevailing economic and business environments; commercial risks related to expansion into new territories; other political and legislative risks relat ed to changes in rules and regulations in the various territories in which the group operates; exposure to foreign exchange rate movements, and the US dollar and euro - linked currencies in particular; the emergence of new technologies and competitors; and c yber - attacks. The group’s game development businesses depend on their ability to continue releasing successful titles that attract paying customers, conditions that are not under the group’s full control. Risks and uncertainties are also described in more detail in the 202 5 Annual Report, which is available at www.mtg.com . Stockholm, 05 November 2026 Maria Redin Group President & CEO, Modern Times Group MTG AB
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13 Auditor’s report To the Board of directors in Modern Times Group MTG AB (publ), corporate identity number 556309 - 9158 Introduction We have conducted a limited review of the condensed interim financial information (interim report) for Modern Times Group MTG AB (publ) (“the Parent Company”) and its subsidiaries (together “the Group”) as of September 30, 2026, and the nine - month period e nded on that date. The board of directors and the CEO are responsible for preparing and presenting this interim report in accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our limited review. The focus and scope of the limited review We have conducted our limited review in accordance with the International Standard on Review Engagements ISRE 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity." A limited review consists of making inquiries, primarily of persons responsible for financial and accounting matters, performing analytical procedures, and other review procedures. A limited review has a different focus and a significantly smaller scope compared to the focus and scope of an audit cond ucted in accordance with ISA and generally accepted auditing standards. The review procedures taken in a limited review do not enable us to obtain the assurance that we would become aware of all significant matters that might have been identified in an aud it. Therefore, the conclusion expressed based on a limited review does not have the assurance that a conclusion expressed based on an audit has. Conclusion Based on our limited review, nothing has come to our attention that causes us to believe that the interim report is not, in all material respects, prepared for the group in accordance with IAS 34 and the Annual Accounts Act and for the parent company in ac cordance with the Annual Accounts Act. Stockholm, 05 November 2026 Öhrlings PricewaterhouseCoopers AB Nicklas Kullberg Valentyn Zhura vel Authorized Public Accountant, Authorized Public Accounta nt Lead Audit Partner This is a translation of the Swedish language original. In the event of any differences between this translation and the Swedish language original, the latter shall prevail.
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14 Condensed consolidated i ncome statement Condensed statement of comprehensive income SEKm Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Net sales 2,988 2,987 9,112 8,456 11,579 Total revenue 2,988 2,987 9,112 8,456 11,579 Platform fees -339 -486 -1,084 -1,388 -1,834 Other sales related costs -58 -70 -174 -168 -235 User acquisition -1,178 -1,112 -3,540 -3,125 -4,316 Other external expenses -214 -172 -596 -487 -747 Personnel expenses -576 -595 -1,788 -1,636 -2,276 Own work capitalized 52 45 155 125 174 Depreciation, amortization and impairment -370 -358 -1,125 -1,035 -1,419 Other operating income 24 38 86 83 131 Other operating expenses -12 -46 -39 -81 -93 Operating result (EBIT) 318 232 1,006 745 963 Net financial items -73 -96 -383 -312 -543 Profit before tax 245 136 624 433 421 Taxes for the period -96 -97 -238 -391 -484 Net result for the period 149 39 386 43 -62 Basic earnings per share (SEK) 1.25 0.33 3.24 0.36 -0.53 Diluted earnings per share (SEK) 1.25 0.33 3.24 0.36 -0.53 Number of shares Shares outstanding at the end of the period 118,277,285 117,114,942 118,277,285 117,114,942 115,808,942 Basic average number of shares outstanding 118,692,915 117,114,942 119,135,154 117,401,194 117,174,874 Diluted average number of shares outstanding 118,692,915 117,114,942 119,135,154 117,401,194 117,174,874 (SEKm) Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Net income 149 39 386 43 -62 Other comprehensive income Items that are or may be reclassified to profit or loss, net of tax: Currency translation differences 258 -347 618 -1,687 -2,032 Items that cannot be transferred to profit or loss, net of tax: Fair value change of equity instruments 2 -47 -16 -725 -728 Total comprehensive income 408 -354 988 -2,370 -2,822 Total comprehensive income attributable to: Equity holders of the parent 408 -354 988 -2,370 -2,822
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15 Condensed consolidated balance sheet (SEKm) Sep 30 2026 Sep 30 2025 Dec 31 2025 Non-current assets Goodwill 11,311 10,989 10,700 Other intangible assets 4,688 5,579 5,148 Total intangible assets 15,999 16,567 15,848 Total tangible assets 79 126 118 Total right of use assets 143 254 250 Shares and participations 378 473 351 Other receivables 281 208 199 Total non-current financial assets 659 681 551 Total non-current assets 16,879 17,628 16,767 Current assets Other receivables 1,210 1,357 1,289 Cash and cash equivalents 1,177 1,221 1,230 Total current assets 2,387 2,578 2,519 Total assets 19,267 20,206 19,286 Equity Shareholders’ equity 11,665 11,211 10,617 Total equity 11,665 11,211 10,617 Non-current liabilities Liabilities to credit institutions 3,410 3,662 3,119 Lease liabilities 99 210 198 Total non-current interest-bearing liabilities 3,510 3,872 3,317 Provisions 776 966 909 Contingent consideration 152 111 129 Other non-interest-bearing liabilities 96 53 61 Total non-current non-interest-bearing liabilities 1,025 1,130 1,099 Total non-current liabilities 4,534 5,002 4,416 Current liabilities Contingent consideration - 1,017 1,016 Liabilities to credit institutions 1,146 377 368 Lease liabilities 47 53 55 Other non-interest-bearing liabilities 1,873 2,547 2,814 Total current liabilities 3,067 3,993 4,253 Total liabilities 7,601 8,995 8,669 Total shareholders’ equity and liabilities 19,267 20,206 19,286
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16 Condensed consolidated statement of cash flows Condensed consolidated statement of changes in equity Parent company condensed income statement (SEKm) Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Profit before tax 245 136 624 433 421 Adjustment for items not included in cash flow 378 414 1,355 1,159 1,838 Taxes paid -175 -170 -380 -619 -695 Changes in working capital -17 2 -92 -89 159 Cash flow from operations 431 382 1,507 884 1,723 Acquisition / sale of subsidiaries, associates and other investments -289 -192 -522 -6,194 -6,200 Earnout payments - - -879 -1,074 -1,074 Investments in other non-current assets -65 -52 -219 -165 -228 Cash flow from investing activities -354 -244 -1,621 -7,433 -7,502 Repurchase of shares -101 - -404 -152 -306 Loan -114 -109 495 4,698 4,229 Share swap regarding share incentive programs - - -61 -39 -39 Other cash flow from/used in financing activities -18 -20 -51 -41 -57 Cash flow from financing activities -234 -129 -22 4,467 3,827 Total net change in cash and cash equivalents -156 10 -135 -2,082 -1,952 Cash and cash equivalents at the beginning of the period 1,322 1,230 1,230 3,543 3,543 Translation differences in cash and cash equivalents 11 -19 82 -239 -360 Cash and cash equivalents at end of the period 1,177 1,221 1,177 1,221 1,230 (SEKm) Sep 30 2026 Sep 30 2025 Dec 31 2025 Opening balance 10,617 13,735 13,735 Net income for the period 386 43 -62 Other comprehensive income for the period 602 -2,412 -2,760 Total comprehensive income for the period 988 -2,370 -2,823 Effect of employee share programs 69 35 50 Share swap regarding share-based incentive program -285 -39 -39 Repurchase of shares -404 -153 -306 Re-distribution of repurchased shares 680 - - Closing balance 11,665 11,211 10,617
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17 SEKm Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Net sales 24 18 69 53 72 Total revenue 24 18 69 53 72 Other external expenses -28 -22 -79 -123 -168 Personnel expenses -36 -32 -144 -120 -196 Depreciation, amortization and impairment 0 0 0 0 -1 Other operating income 1 0 2 11 11 Other operating expenses 0 0 0 -1 -2 Operating result (EBIT) -39 -36 -153 -180 -284 Net financial items -2 -1 -16 142 139 Profit before tax and appropriations -42 -37 -169 -36 -144 Appropriations 0 0 0 0 267 Net result for the period -42 -37 -169 -36 122
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18 Parent company condensed balance sheet (SEKm) Sep 30 2026 Sep 30 2025 Dec 31 2025 Non-current assets Machinery and equipment 1 1 1 Shares and participations 15,382 15,231 15,231 Other financial receivables 61 22 26 Total non-current assets 15,444 15,254 15,258 Current assets Current receivables 563 67 321 Cash and cash equivalents 95 231 111 Total current assets 658 298 432 Total assets 16,103 15,552 15,690 Shareholders’ equity Restricted equity 617 617 617 Non-restricted equity 14,052 14,176 14,194 Total equity 14,669 14,792 14,811 Non-current liabilities Non-interest-bearing liabilities 17 11 14 Total non-current liabilities 17 11 14 Current liabilities Non-interest-bearing liabilities 1,417 749 866 Total current liabilities 1,417 749 866 Total liabilities 1,435 760 880 Total shareholders’ equity and liabilities 16,103 15,552 15,690
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19 Financial instruments at fair value The carrying amounts are considered to be reasonable approximations of fair value for all financial assets and liabilities, except shares and participations in other companies and contingent considerations for which the valuation technique is described below. Valuation techniques Shares and participations in other companies - Acquisition cost is initially considered to be a representative estimate of fair value. Subsequently, values are remeasured at fair value and gains/losses recognized when there is subsequent financing through participation by a third - party investor, in whi ch case the price per share in that financing is used, when there is a realized exit or when there are indications that cost is not representative of fair value and sufficient, more recent information is available to measure fair value. Listed holdings are valued at the current share price. (SEKm) Sep 30 2026 Dec 31 2025 Fair value Level 1 Level 2 Level 3 ¹ Fair value Level 1 Level 2 Level 3 ¹ Financial assets measured at fair value Shares and participations 378 - - 378 351 - - 351 Other receivables - - - - 30 - - 30 Financial liabilities measured at fair value Contingent consideration 151 - - 151 1,145 - - 1,145 Other liabilities - - - - 680 680 - - 1) The amount of unrealised gains/losses in profit or loss is included in the financial net. (SEKm) Sep 30 2026 Dec 31 2025 Opening balance 1 January 351 1,287 Reported gains and losses in net income for the period 18 -144 Reported gains and losses in OCI for the period -22 -701 Investments during the year 11 14 Dividend -5 -10 Translation differences in income 19 -67 Translation differences in OCI 5 -28 Closing balance 378 351
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20 Contingent consideration - expected future values are discounted to present value. The discount rate is risk - adjusted. The most critical parameters are estimated future revenue growth and future operating margin. Operating segments (SEKm) Sep 30 2026 Dec 31 2025 Opening balance 1 January 1,145 1,674 Exercised payments, cash-based -1,083 -1,074 Revaluation 44 - Acquisition - 707 Interest expense 34 180 Translation differences 11 -342 Closing balance 151 1,145 (SEKm) 2026 2027 2028 2029+ Total Cash consideration - - 59 92 151 Total contingent consideration - - 59 92 151 Q3 2026 (SEKm) Revenue from external customers 2,301 687 - 2,988 Total revenue 2,301 687 - 2,988 User acquisition -726 -452 - -1,178 Adjusted EBITDA 591 141 -39 693 Items affecting comparability - - - - Non-recurring bonus structures - - - - M&A transaction costs and revaluation of put/call options 0 - -5 -5 EBITDA 591 141 -44 688 Depreciation, amortization and impairment -344 -25 -1 -370 EBIT 247 117 -45 318 Net financial items -73 Profit before tax 245 Playamp Playsimple Group operations and eliminations Group total Q3 2025 (SEKm) Revenue from external customers 2,373 615 - 2,987 Total revenue 2,373 615 - 2,987 User acquisition -736 -375 - -1,112 Adjusted EBITDA 568 143 -36 675 Non-recurring bonus structures - -37 0 -37 M&A transaction costs and revaluation of put/call options -73 - 24 -48 EBITDA 495 106 -12 590 Depreciation, amortization and impairment -325 -31 -1 -358 EBIT 171 75 -13 232 Net financial items -96 Profit before tax 136 Playamp Playsimple Group operations and eliminations Group total
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21 9M 2026 (SEKm) Revenue from external customers 6,996 2,116 - 9,112 Total revenue 6,996 2,116 - 9,112 User acquisition -2,159 -1,381 - -3,540 Adjusted EBITDA 1,870 484 -151 2,202 Items affecting comparability -9 -1 -1 -11 Non-recurring bonus structures - - - - M&A transaction costs and revaluation of put/call options -46 - -14 -60 EBITDA 1,815 483 -166 2,132 Depreciation, amortization and impairment -1,041 -81 -4 -1,125 EBIT 775 402 -170 1,006 Net financial items -383 Profit before tax 624 Playamp Playsimple Group operations and eliminations Group total 9M 2025 (SEKm) Revenue from external customers 6,635 1,821 - 8,456 Total revenue 6,635 1,821 - 8,456 User acquisition -2,033 -1,091 - -3,125 Adjusted EBITDA 1,593 460 -122 1,931 Non-recurring bonus structures - -38 0 -38 M&A transaction costs and revaluation of put/call options -107 - -6 -113 EBITDA 1,486 422 -128 1,780 Depreciation, amortization and impairment -926 -104 -4 -1,035 EBIT 559 318 -132 745 Net financial items -312 Profit before tax 433 Playamp Playsimple Group operations and eliminations Group total FY 2025 (SEKm) Revenue from external customers 9,039 2,540 - 11,579 Total revenue 9,039 2,540 - 11,579 User acquisition -2,727 -1,589 - -4,316 Adjusted EBITDA 2,278 576 -206 2,648 Items affecting comparability -25 - - -25 Non-recurring bonus structures -9 -36 - -45 M&A transaction costs and revaluation of put/call options -191 -1 -4 -195 EBITDA 2,053 540 -210 2,383 Depreciation, amortization and impairment -1,278 -135 -6 -1,419 EBIT 775 405 -217 963 Net financial items -542 Profit before tax 421 Playamp Playsimple Group operations and eliminations Group total
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22 Alternative performance measures The purpose of alternative performance measures (APMs) is to facilitate the analysis of business performance and industry trends that cannot be directly derived from financial statements. MTG uses the following APMs: • Adjusted EBITDA • Change in net sales from organic growth • Adjusted net income Reconciliation of adjusted EBITDA Adjusted EBITDA is used to assess MTG’s underlying profitability. Adjusted EBITDA is defined as EBITDA adjusted for the effects of items affecting comparability, non - recurring bonus structures, acquisition - related transaction costs and revaluation of put/c all options. Items affecting comparability refer to material items and events related to changes in the group’s structure or lines of business, which are relevant for understanding the group’s development on a like - for - like basis. Reconciliation of sales growth Since the group generates the majority of its sales in currencies other than the reporting currency (i.e., SEK, Swedish krona ) and currency rates have proven to be rather volatile, the group’s sales trends and performance are analyzed as changes in organi c sales growth. This presents the increase or decrease in overall SEK net sales on a comparable basis, allowing for separate discussions of the impact of exchange rates, acquisitions, and divestments. The following table presents changes in organic sales growth as reconciled to the change in total reported net sales. (SEKm) Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 EBIT 318 232 1,006 745 963 Amortization ¹ 305 342 936 965 1,288 Depreciation 64 16 113 70 104 Impairment tangible and intangible assets ¹ 1 - 77 - 28 EBITDA 688 590 2,132 1,780 2,383 Items affecting comparability - - 11 - 25 Non-recurring bonus structures - 37 - 38 45 M&A transaction costs and revaluation of put/call options 5 48 60 113 195 Adjusted EBITDA 693 675 2,202 1,931 2,648 1) Reallocation of an impairment in q3 2026, SEK 28 million. (SEKm) Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Organic growth -2% 15% 5% 10% 9% Acquisition/divestments 0% 112% 7% 97% 98% FX Impact 2% -19% -5% -12% -15% Reported growth 0% 108% 8% 96% 92%
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23 Adjusted net income Net income adjusted for PPA related amortizations, non - cash items in financial net. (SEKm) Q3 2026 Q3 2025 9M 2026 9M 2025 FY 2025 Net income 149 39 386 43 -62 Non-Cash items in the net finance -6 14 185 93 276 Amortization (PPA) 288 308 880 875 1,176 Adjusted net income 431 361 1,451 1011 1,390
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24 A cquisition of subsidiaries Acquisition in 2026 On August 10 , MTG completed the acquisition of WARP36, Inc, a US company founded for the primary purpose of commercializing the CCG Star Trek Warp. The transaction was structured with an upfront consideration of USD 1.8 million for 70% of the equity instruments, and put and call option s of up to USD 25 million for the remaining 30% of equity instruments, which are expected to be legally transferred to MTG during 2028 - 2031 based on future performance - based valuation . Initial valuation of the put and call options amounted to USD 5 .3 million. For accounting purposes, all equity instruments are accounted for as acquired, i.e. as if 100% had been acquired. By recognizing a liability for the put and call option s , no non - controlling interest is recognized. Goodwill arising from the acquisition is mainly attributed to expected future revenue streams from new game development. None of the goodwill recognized is expected to be tax deductible. WARP36, is included in the Playamp segment and has been consolidated in MTG’s accounts from the acquisition date. (SEKm) WARP36 Inc Intangible fixed assets 61 Other liabilities -67 Acquired net assets -6 Goodwill 74 Consideration -68 Contingent consideration, unpaid 51 Effect on consolidated cash and cash equivalents -17 Cash flow from acquisition of subsidiaries Upfront consideration -17 Total effect on cash flow from investing activities -17 Net outflow cash and cash equivalent -17
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25 Definitions Adjusted EBITDA EBITDA, adjusted for the effects of items affecting comparability, non - recurring bonus structures , acquisition - related transaction costs and revaluations of put/call options. Adjusted EBITDA margin Adjusted EBITDA compared to net sales . Also referred to as “operating margin” in the text . Adjusted net income Net income adjusted for PPA related amortizations, non - cash items in financial net. ARPDAU Average net sale per daily active user. Capital expenditures (CAPEX) Capital expenditure is a financial investment made with the expectation of future revenues. Cash flow from operations Cash flow from operating activities shows changes in working capital including profit for the year adjusted for profit and lo ss items that have not affected changes in cash flow. DAU Daily active user. Direct - to - consumer revenue share Revenue from selling products directly to customers and thereby bypassing any third - party. Earnings per share Earnings per share are expressed as net income attributable to equity holders of the parent divided by the average number of shares. EBIT/Operating income Net income for the period before other financial items, net interest and tax EBIT margin EBIT as a percentage of net sales. EBITDA Profit for the period before other financial items, tax, net interest, depreciation, amortization and impairment on tangible and intangible assets. Financial leverage ratio N et financial debt divided by last twelve months EBITDA. IAA In app advertising. IAP In app purchases. Interest - bearing liabilities Interest - bearing liabilities include external financing and lease liabilities. Items affecting comparability (IAC) Items affecting comparability refers to material items and events related to changes in the group’s structure or lines of business, which are relevant for understanding the group’s development on a comparable basis. Leverage ratio Net debt divided by last twelve months EBITDA . L evered free cash flow Cash flow from operating activities in cluding paid interest in cash flow, including investments less realized exchange rate effects.
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26 Net debt Net debt refers to the sum of interest - bearing liabilities excluding capitalized borrowing costs , earn - out liabilities and put/call option liabilities less cash and cash equivalents. Net financial debt Net financial debt refers to the sum of interest - bearing liabilities excluding capitalized borrowing costs , less cash and cash equivalents. Net sales g rowth in constant currencies Net sales at constant exchange rates is a financial measure that shows sales growth excluding the effects of exchange rate fluctuations. Organic growth The change in net sales compared with the same period last year, excluding acquisitions and divestments and adjusted for currency effects. Pro forma growth P ro forma growth is calculated on a like - for - like basis, as if all currently owned businesses had been consolidated (or de - consolidated) for the entirety of both the current and comparative periods and on a constant currency basis. Sales growth Change in net sales compared with a previous period. UA User acquisition. Unlevered Cash Conversion (UCC) Cash flow from operating activities excluding paid interest in cash flow, including investments less realized exchange rate effects, as a percentage of adjusted EBITDA. Unlevered free cash flow Cash flow from operating activities excluding paid interest in cash flow, including investments less realized exchange rate effects.
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27 Shareholder information MTGs Annual General Meeting 2027 The Annual General Meeting will be held on 21 May 20 27 in Stockholm. Shareholders wishing to have matters considered at the Annual General Meeting should submit their proposals in writing either by post to the “Company Secretary”, Modern Times Group MTG AB (publ), Annual General Meeting, P.O. Box 2094, SE - 103 13 Stockholm, Sweden or by email to agm@mtg.com at least seven weeks before the Annual General Meeting in order for the proposal to be included in the notice to the meeting. Further details on how and when to register will be published in advance of the m eeting. Nomination Committee ahead of the 202 7 Annual General Meeting In accordance with the resolution by the Annual General Meeting of MTG shareholders regarding the procedure for the Nomination Committee, a Nomination Committee has been convened to prepare proposals for the 2027 Annual General Meeting. The Nomination Committee comprises: • Christian Rauda, appointed by EHM Holding GmbH • Klaus Roehrig, appointed by Active Ownership Corporation • Malin Björkmo, appointed by Handelsbanken Fonder AB and • Simon Duffy, the Chairman of the Board In line with past practice, the members of the Committee have appointed Christian Rauda, representing the largest shareholder on the last business day of August 2026, as the Committee Chairman. Financial calendar Item Date Q4 & Full - year 2026 Financial Results report 4 February 2027 Q1 2027 Fina ncial Results report 28 April 2027 Annual General Meeting 2027 21 May 2027 Q2 & 6 months 2027 Financial Results report 22 July 2027 Q3 and 9 months 2027 Financial Results report 27 October 2027
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28 Questions? MTG Investor Relations Direct: +46 8 562 000 50 , ir@mtg.com Follow us: mtg.com / LinkedIn Conference call MTG will host a livestream and conference call at 10.00 CET today, on November 5 , 2026 . The call will be held in English. How to join: To participate via livestream, please use this link . To join via phone, please register using this link . After you’ve registered, you’ll receive the dial - in number and conference ID to access the teleconference. You can ask questions via phone during the teleconference or by using the livestream Q&A tool.
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29 Modern Times Group MTG AB (publ) – Reg no: 556309 - 9158 – Phone: +46 (0) 8 - 562 000 50 MTG (Modern Times Group MTG AB (publ)) (www.mtg.com) is an international mobile gaming group that owns and operates gaming studios with popular global IPs across a wide range of casual and mid - core genres. The group is focused on accelerating portfolio com pany growth and supporting founders and entrepreneurs. MTG is an active driver of gaming industry consolidation and a strategic acquirer of gaming companies around the world. We are born in Sweden but have an international culture and global footprint. Our shares are listed on Nasdaq Stockholm (“MTGA” and “MTGB”). This information is information that Modern Times Group MTG AB (publ) 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 7:30 CET on 5 November , 2026. This interim report contains statements concerning, among other things, MTG’s financial condition and results of operations that are forward - looking in nature. Such statements are not historical facts but, rather, represent MTG’s future expectations. MTG b elieves that the expectations reflected in these forward - looking statements are based on reasonable assumptions; however, forward - looking statements involve inherent risks and uncertainties, and a number of important factors could cause actual results or o utcomes to differ materially from those expressed in any forward - looking statement. Such important factors include but may not be limited to MTG’s market position; growth in the gaming industry; and the effects of competition and other economic, business, competitive and/or regulatory factors affecting the business of MTG, its group companies and the gaming industry in general. Forward - looking statements apply only as of the date they were made, and, other than as required by applicable law, MTG undertakes no obligation to update any of them in the light of new information or future events.