5th Planet Games (5PG) Q2 2025 earnings summary

Executive summary

• Positioned for significant growth in 2026, leveraging global entertainment brands and strategic partnerships, notably with Skybound Entertainment.

• H1 2025 results reflect a transition period, with older titles declining and major new releases scheduled for H2 2025 and beyond.

• Positive market response to upcoming Invincible VS game, with high engagement at the Xbox Games Showcase.

Financial highlights

• H1 2025 revenue was DKK 1.3M, down DKK 4.7M year-over-year; gross profit was DKK 1.0M, down from DKK 5.7M.

• EBITDA loss of DKK 2.9M in H1 2025, compared to a gain of DKK 2.5M in H1 2024, mainly due to lower revenue.

• Net profit for H1 2025 was DKK 6.5M, a turnaround from a near break-even result in H1 2024, driven by a DKK 11.5M fair value gain on co-published game investments.

• Cash position at 30 June 2025 was DKK 8.6M, down from DKK 43.5M a year earlier, primarily due to DKK 41.2M invested in projects.

• Equity increased to DKK 87.2M from DKK 80.7M at year-end 2024.

Outlook and guidance

• Full-year 2025 guidance unchanged: c.70% revenue growth and EBITDA between DKK 0.5M and 2M.

• H2 2025 expected to be stronger due to a release-heavy schedule, including major physical and digital titles.