Good morning, welcome to Stillfront's Q2 presentation. I am Alexis Bonte, and I'm joined by our CFO, Emily Villatte, today. Before we go into financials, I will start by taking you through the key franchise of the quarter, including the progress that we've made and key developments. Looking at the second quarter, we continue to make progress in building a more focused and franchise-led Stillfront. Net revenue amounted to SEK 1.323 billion, corresponding to an organic decline of 1.3%. This means that organic growth remained broadly stable despite a significantly lower level of user acquisition investments compared with the first quarter. Profitability strengthened clearly in the quarter. Adjusted EBITDA increased to SEK 387 million. That corresponds to a margin of 29%, which is up from 23% in Q1. This was mainly driven by the normalization of launch investments in Big Farm: Homestead, as well as a broader reduction in user acquisition costs. We also saw continued double-digit growth in our key franchises, which grew organically by 10% in the quarter. This was the second consecutive quarter of double-digit organic growth in the key franchises, this is a statement to our strategy to focus on our key franchises and the fact that that strategy is working. Finally, cash generation was strong. Free cash flow amounted to SEK 519 million in the quarter, supported by the underlying businesses as well as the upfront settlement with Gameberry. This strengthens our ability to continue reducing debt while investing selectively in our key franchises. I will now go through the franchise development in more detail, starting with Jawaker. Jawaker delivered a strong quarter and returned to double-digit organic growth. Net revenue amounted to SEK 223 million, corresponding to organic growth of 11%. This represents a clear rebound from the slowdown in commercial activity we saw in the first quarter. Looking ahead, our focus remains on expanding Jawaker's presence in Syria and Iraq, supported by reseller partnerships and marketing initiatives. We continue to see long-term growth opportunities in the franchise, supported by its very strong local relevance, its very loyal player base, and a strong established market position and brand. We move on to Supremacy now. Supremacy reported net revenues of SEK 214 million, corresponding to an organic decline of 2% in the quarter. This development reflected a more challenging user acquisition environment for the existing titles compared with the favorable marketing conditions that we saw in the first quarter. At the same time, the team continued to focus on technical improvements and on preparing Supremacy: Warhammer 40,000 for global launch. The game is now currently in soft launch, the focus is on refining the player experience, improving technical performance in order to ensure a high-quality global rollout. If you move on to Big now, BIG continued to perform very strongly in the second quarter. Net revenues amounted to SEK 172 million, corresponding to organic growth of 79%. This was driven by the continued momentum in Big Farm: Homestead after a successful global launch, as well as continued strong performance in Sunshine Island. The franchise maintained positive momentum. This is despite significantly lower user acquisition investments compared with the launch-intensive first quarter when we launched Big Farm: Homestead. This shows that the investments made during the launch phase continue to deliver even as investments level normalized. This is a definition of a successful launch. As we have said before, we do not expect the same pace of growth to continue quarter-after-quarter, but the performance in Q2 confirms that BIG is developing well and that we've been able to build on the strength of the franchise through both new games development and strong LiveOps execution. If we now move on to BitLife. BitLife reported net revenues of SEK 109 million. This corresponded to an organic decline of 19%. The year-on-year decline was mainly driven by challenging comparison figures and the more disciplined user acquisition approach in the franchise. If we look ahead, comparison figures should be less challenging. At the same time, revenue actually improved sequentially compared with the first quarter, and that was supported by strong LiveOps execution. Some of you may recall that we stated we've been investing in the LiveOps kind of engine there. Actually, as a result, during the quarter, BitLife released the Ultimate Fighter Mode feature, which actually became the franchise's best-selling expansion pack to date. A clear indication that the franchise is starting to head in the right direction. Empire. Empire delivered a strong quarter with net revenue of SEK 104 million and organic growth of 2%. This was the franchise's highest quarterly net revenue since 2024, which is a strong achievement for a game that has been live for 14 years. The performance was supported by strong monetization, LiveOps, and a very good execution of in-game events. Empire continues to demonstrate the strength of long-lived player communities and the value of operating established games with discipline and consistency. At the same time, the team continued to invest in new game development within the franchise with the development of the new upcoming game, Empire: Titans and Dragons. Very excited about Empire and its future. If we move on to Albion. Albion returned to growth in the second quarter. Net revenue amounted to SEK 95 million. This corresponds to an organic growth of 10%. The growth was supported by the successful launch of the title on the Xbox Series X in April, which marked Albion's first expansion into console. This is an important milestone for the franchise as it broadens Albion's addressable player base and gives the game access to a new platform. The quarter was also supported by strong feature releases and player engagement. Albion continues to benefit from an established and engaged community, and the console launch provides a broader foundation for the franchise going forward. With Albion clearly delivering on the strategy that we had set. In terms of Board continued strong development in the second quarter. Net revenue amounted to SEK 71 million, corresponding to an organic growth of 24%. The performance was driven by strong development in Ludo Club, which remains an important contributor to the franchise. The team also continued to roll out LiveOps improvements, including greater automation of in-game events and offers. If we move on to other games. Other games reported net revenues of SEK 334 million that correspond to an organic decline of 24%. The decline reflects the continued underlying development in the remaining portfolio, but also a really deliberate reduction in user acquisition as we continue to focus on profitability and disciplined capital allocation. In addition, we successfully divested OFM Studios during the quarter and did the Gameberry settlement. This, of course, impacts the reported net revenues in other games from June onwards. With that, I will hand to Emily to take you through the financials in more detail. Thank you, Alexis, good morning, everyone. Let's jump right into the financial details. We reported net revenues of SEK 1.3 billion for the quarter, representing an organic decline of 1.3%. As Alexis noted, this was driven by strong performance by our key franchises, which grew organically by 10% year-on-year, offset by a decline of 24% in our other games portfolio. On an absolute basis, net revenue was down 8% year-on-year, driven by negative FX impact of 3 percentage points, as well as the recent divestments of Narrative, OFM, and the Gameberry settlement, together having -3 percentage point impact. While organic growth was broadly stable compared to Q1, the last quarter, our strategic focus on our direct-to-consumer channel keeps yielding results. Our gross margin increased by 2 percentage points year-on-year, reaching a strong 84%. DTC, or direct-to-consumer revenue, now accounts for 46% of bookings, a proper step-up from the 39% we saw in Q2 of last year. This is strengthening not just our margins, also our direct engagement with our player communities. On to UAC, which amounted to SEK 340 million in the quarter, down from SEK 436 million in Q2 of 2025. This corresponds to 26% of net revenue spent in UAC in this quarter, compared to 30% last year. The year-on-year decrease was driven by a more strict user acquisition approach. Sequentially, UAC decreased from SEK 447 million, driven by the investments in Big Farm: Homestead normalizing in Q2 following the trampoline launch in Q1, a broader reduction in UA costs, particularly towards the end of the quarter. Adjusted EBITDA amounted to SEK 387 million, which is an increase of 3% compared to last year. It is great to see that we're achieving this while our reported revenues and organic growth decline year-on-year. The adjusted EBITDA increase was primarily driven by decreased UAC and higher share of DTC bookings driving a higher gross margin. The increase was partly offset by a decline in reported net revenues, primarily from recent divestments, together with a total negative FX EBITDA effect of approximately SEK -23 million. The adjusted EBITDA margin increased to 29%, up 3 percentage points on the same quarter last year. Moving on to our cash flows. We reported SEK 644 million in cash flows from operations for the quarter. This quarter's cash flows benefited from a total of approximately SEK 245 million related to the Gameberry settlement. SEK 196 million recorded within items affecting comparability, the remaining balance came from working capital movements. Working capital movement overall positively impacted cash by SEK 73 million in total, which was underpinned by tax payments of some SEK 38 million in the quarter. Cash flow from investing activities was SEK 611 million. This primarily reflects cash earn-out settlements in the quarter of some SEK 550 million. In addition, we had product development spend of SEK 117 million, mainly relating to our key franchises, in line with our strategy to focus capital and resources towards our key franchises. These costs were partly offset by the divestment of OFM at an impact of SEK + 24 million in the quarter. Cash flow from financing activities was SEK + 206 million in the quarter, mainly relating to the drawn RCF in correlation with our earn-out payments, which took place in Q2. Free cash flow for the quarter increased to SEK 519 million, which was greatly impacted by the upfront Gameberry settlement of approximately SEK 196 million. Now, on an LTM basis, we generated SEK 1.037 billion in free cash flow or SEK 841 million when adjusting for the upfront element of the Gameberry settlement. Of this, SEK 469 million went towards earn-out cash payments, minority buyouts, and the divestments of OFM and the Narrative portfolio.SEK 404 million was directed towards de-leveraging. Additionally, we completed SEK 220 million in share repurchases, which went towards the settlement of earn-outs. To summarize, our underlying cash generating capacity remains very healthy. Now turning on to our financial position, we ended the second quarter of 2026 with total net debt of SEK 4.6 billion, including all earn-outs, a significant SEK 621 million reduction from the SEK 5.2 billion in the last quarter. This reflects our strong underlying cash generation in the quarter, further improved by the Gameberry settlement. In terms of our net debt and leverage ratio, including next 12 months cash earn-outs, it remains stable at SEK 4.4 billion and 2.2x leverage ratio, respectively. This is a mixed effect of the strong underlying cash flow and the Gameberry settlement, offset by adding on the next 12 months cash-out earn-out obligations. As noted by Alexis in his CEO letter for Q2, as earn-out payments continue to absorb our cash in the near term, we are moving closer to the important inflection point we have in Q2 of 2027, when the remaining earn-out obligations will all be settled. The resulting release of annual cash flow will strengthen our capacity to deleverage, which remains our near-term capital allocation priority. During the quarter, we also successfully settled the SEK 1 billion bond refinancing secured during Q1. We secured our revolving credit facility, now at SEK 2 billion through June 2028. Lastly, post the quarterly close, we extended our EUR 60 million term loan facility with the Swedish Export Credit Corporation, now maturing in 2028, continuing our diversified financing platform. With this, we improved Stillfront's debt maturity profile, with all debt now maturing beyond the final earn-out settlements taking place in Q2 of 2027, while maintaining a sound level of financial flexibility. In short, we're in a very good position to keep calm and carry on. Now handing back over to you, Alexis, to wrap up. Alexis, I believe you are on mute. Thank you, Emily. Thank you very much as well for going over the financials. Before we open up for Q&A, I would like to summarize our recent defense and priorities going forward. First, our focus on key franchises remains unchanged. The second quarter again demonstrated our key franchises are the main driver of Stillfront's organic development, with double-digit growth for the second consecutive quarter. This is a clear indication that our strategy to focus on these key franchises is working. Second, the strategic review remains ongoing. During the quarter, we completed the Gameberry settlement and successfully divested OFM Studios. These transactions simplify the group and allow us to focus resources on the franchise and studios with the stronger long-term prospects. Third, as announced at the end of June, the board and I have agreed to initiate a CEO succession process. I remain fully committed to leading Stillfront until a successor has been appointed and to ensuring continuity and an orderly handover. Importantly, this transition does not change Stillfront's strategic direction. We will continue to focus on execution, profitability, cash generation, and long-term value creation through our key franchises. Our strategy is working, and I want to thank the teams for their strong execution again in Q2. With that, I want to thank you for joining today, and we are ready to take your questions. Please go ahead. If you wish to ask a question, please dial pound key five on your telephone keypad to enter the queue. If you wish to withdraw your question, please dial pound key six on your telephone keypad. The next question comes from Nick Dempsey from Barclays. Please go ahead. Yeah, good morning, guys. I've got two questions for you. First of all, having followed Stillfront for a little while, it tends to be if the UAC has dropped, particularly when we're rolling in towards the end of a quarter, that's because the environment is looking less attractive for deploying it, and therefore we should watch out for a more negative rate of organic revenue growth in the coming quarter or quarters. Can you maybe just talk about the environment for deploying UAC? I know you're not going to give us guidance, but help us understand whether we should be looking out for a weaker revenue growth trajectory as a result of that environment. The second question is Just on the decisions related to the CEO, can you maybe just give us a bit more background, Alexis, on is there something that you're moving on to, that you have decided to go to, or what the motivation is there? We don't have a lot of detail on that. Thank you, Nick. I'll start with the first question in terms of the UAC. I think the main change in terms of UAC is obviously we're moving away from the high-intensity launch of Big Farm: Homestead that we had in the first quarter, what we call trampoline launches. Now we're still obviously aggressively investing in the title, but at a lower level. That's what Emily explained. The second thing as well is what I mentioned to the Supremacy, we would have liked actually to allocate a bit more UA for Supremacy towards the end of the quarter, the environment wasn't favorable for that in the quarter. What we tend to see, I wouldn't read too much into it either, the UAC environment is very dynamic and tends to move sometimes in slightly unpredictable ways. You might expect to have a very strong UA ability to allocate a lot of UA in a certain month, you're not able to do so, you're able to do so the month afterwards. There's a lot of movements. It's not completely incorrect to say that, yes, we're seeing weaker UAC allocation possibilities that we expected, at least in particular for Supremacy. I don't know if you want to build on the UAC point. Emily? I think that's correct, particularly towards the end of the quarter, end of June, that environment weakened. As you noted, Alexis, we apply very strict ROAS criteria to our UA, we will continue to be very strict in how we assess our ROAS and our returns. We will also take the opportunity to deploy UA where we have the abilities. If we have a good global launch, such as the one we had with Big Farm: Homestead, in the future, you can expect UA and revenues to increase. Of course, UA investment is taken up front and the full revenue potential and profits are taken over time. As for the second part of your question, Nick, basically when the board asked me to step up as CEO a little under two years ago, my objective was really to set the group and the company onto a new strategy, and really kind of see if that strategy, we were able to execute it, build a team, a new kind of exec team that was able to take the company to the next level and execute on that turnaround and start delivering on that turnaround. I think we now have two successive quarters that demonstrate that the strategy is working. I feel that when discussing with the board, I feel that the group is now kind of well set with a strong strategy, strong execution, strong new team, and it will be the right moment, I think, to pass on the baton to a new CEO when we find that person. I remain fully committed until we do that transition. Thank you. That's good context on both things. Appreciate it. As a reminder, if you wish to ask a question, please dial pound key five on your telephone keypad. The next question comes from Rasmus Engberg from Kepler Cheuvreux. Please go ahead. Yes. Hi. Good morning. Good morning, Alexis, Emily. Just coming back to your decision together with the Board to step down. As you say, you've done really good progress in turning the company around. You did also launch a strategic review that is still ongoing. Do you think you might be able to finish that before you leave, or how should we think about it? Yeah, Rasmus. Basically, as you've seen, we've done quite a few divestments. They're not massive divestments. We've done a lot of small divestments that have allowed us to basically clean up a lot of things outside of our key franchises and have been quite clear about the fact that we want to focus on our key franchises. The fact that we're also saying that the strategic review remains ongoing means that there might be more to come. We will close it when we feel that that is completely completed. Whether that is completed before a new CEO comes in or not, that hopefully is not 100% within my control. We continue with the strategic review open, yes. Right. Thanks. The second question, it certainly surprised me a lot that Jawaker rebounded so strongly. Given the ongoing ups and downs in the turbulence in the region they operate, can you shed some light on what you're seeing now? Does it continue to show reasonable progress, or has it reverted back again as bombs start flying? No, I think what we see with Jawaker is that it's a tremendously resilient community and game. When really we were at the maximum possible difficulties in the region, the franchise still grew by 1%. That you see the situation with easing out, we're back to double digits growth. To give a bit extra context, and we did mention this when we spoke about the Q1 results, we did have an exceptionally strong, with a lot of sales, Q4 for Jawaker, so that impacted a little bit negatively also the Q1 results. Jawaker, what I can say, it's a very resilient part of our business, obviously a very profitable part of our business. Extremely strong brand in the region, very unique product, very community-led, not UA-dependent. Very confident about the continued stability with the Jawaker. Did it surprise you that it rebounded so strongly after Q1, or was that explained by also you had the religious period and being earlier, or was this- No. ...in line with your expectations? No, we were not surprised. We did maybe expect a bit more negative impact from the World Cup, from the FIFA World Cup. Usually, that tends to make a little different. There was less impact than we expected there. Other than that, there was no big surprises. Great. Okay, thank you so much. There are no more questions at this time, I hand the conference back to the speakers for any closing comments. Well, with that, thank you very much for joining our call. I hope that you found it informative. Again, we continue delivering on our strategy. I think it is now two strong quarters in a row for our key franchises with more than double digits, well, with double-digit growth. We will basically continue executing on the strategy that is working. Thank you for your time