Overactive Media (OAM) investor relations material

Executive summary

• Achieved record full-year revenue of CAD 28.5 million ($28.5 million) in 2025, up 5% year-over-year, driven by strong business operations and live events.

• Business operations revenue grew 34% to CAD 22 million ($22.0 million), supported by new partnerships, platform launches, and agency expansion.

• Hosted three major live events, including the first Call of Duty League Major in mainland Europe and the LEC Roadtrip in Madrid.

• Rebranded Toronto Ultra to Toronto KOI and listed on Börse Frankfurt to expand investor access.

• Faced challenges in league revenues and game-related microtransactions, leading to increased adjusted EBITDA loss.

Financial highlights

• Q4 2025 revenue was CAD 7.3 million ($7.3 million), down from CAD 9.9 million in Q4 2024, mainly due to non-recurring prior year events.

• Q4 gross margin improved to 61% from 54% year-over-year; full-year gross margin was 53% (down from 62%).

• Operating expenses for FY 2025 decreased 7% to CAD 21.8 million ($21.8 million), reflecting cost discipline.

• Adjusted EBITDA loss for the year was CAD 5.8 million ($5.8 million), compared to a loss of CAD 3.6 million in 2024.

• Net loss for the year was CAD 11.4 million ($11.4 million), versus CAD 0.6 million in 2024, with prior year benefiting from a CAD 11.5 million non-cash gain.

Outlook and guidance

• 2026 focus is on margin improvement and cash generation, with newer revenue lines scaling and improved commercial visibility.

• Management expects additional funding will be required in Q2 2026 to support working capital and expansion.

• Planning assumes flat year-over-year growth in league revenue and microtransactions, with upside potential.

• Management targets a step change in operating performance to achieve sustainable profitability.