Digital Bros (DIB) Investor presentation summary

Company overview and strategy

• Operates as a global video game publisher and developer with 35+ years of experience and direct presence in 9 countries.

• Focuses on two main business units: Premium Games and Free-to-Play, with 7 internal studios and a diversified portfolio.

• Strategic shift toward owned IPs, operational efficiency, and revenue predictability, including a 30% workforce reduction and a more selective project pipeline.

• Refocused on four key verticals: sim racing, heist games, action RPG, and match-three games.

• Aims to become a leader in selected market verticals by leveraging strong brands and engaged communities.

Financial performance and outlook

• HI FY26 revenue reached €69m, up from €43m YoY, driven by Wuchang: Fallen Feathers and Assetto Corsa franchise.

• EBITDA rose to €33.6m (48.6% margin), EBIT turned positive at €14.9m, and net profit reached €2m.

• Revenue and EBITDA trends show a shift from volume to profitability, with higher margins from owned IPs.

• Cost base reduced through lower payroll and service costs following reorganization.

• Guidance for FY26 confirms revenue growth, improved risk profile, and net debt reduction.

Portfolio highlights and key releases

• Assetto Corsa EVO and Assetto Corsa Rally launched in FY26, both achieving top positions on Steam and strong community engagement.

• Wuchang: Fallen Feathers launched in July 2025, peaking at 130,000 concurrent users and becoming the most-played non-FromSoftware Soulslike.

• Puzzle Quest franchise continues to anchor the Free-to-Play segment, with new titles in development.

• FY27 pipeline includes Bloodstained: The Scarlet Engagement and new Puzzle Quest and Free-to-Play titles, focusing on established brands.