Gamehaus (GMHS) Registration Filing summary

Company overview and business model

• Operates as a Cayman Islands holding company with subsidiaries in Singapore, Hong Kong, and mainland China, focusing on technology-driven mobile game publishing for small- and medium-sized developers.

• Publishes over 110 mobile games across genres such as social casino, match, simulation, RPG, puzzle, and bingo, with more than 200 million cumulative downloads.

• Revenue is primarily generated from in-app purchases (about 90%) and in-app advertising (about 10%), with a small portion from subscriptions.

• Maintains an asset-light model, leveraging partnerships with over 70 developer teams, all based in the PRC, and provides comprehensive support throughout the game lifecycle.

• Majority of revenue is derived from Europe and North America, with 75%+ of revenue from these regions in recent periods.

Financial performance and metrics

• Revenue for the nine months ended March 31, 2025 was $87.4M (down 23.1% YoY); net income was $2.3M (down 61.7% YoY).

• Fiscal year ended June 30, 2024 revenue was $145.2M (down 13.6% YoY); net income was $8.6M (up 109.8% YoY).

• Cash and cash equivalents as of March 31, 2025 were $15.7M; operating cash flow for the nine months ended March 31, 2025 was $0.8M.

• Key metrics (nine months ended March 31, 2025): Average DAUs 719K (down 18.2%), Average MAUs 3.89M (down 12.3%), Average DPUs 15K (down 25%), Average RPDAU $0.45.

• Decrease in user and payer metrics attributed to a 19.7% reduction in advertising costs for user acquisition.

Use of proceeds and capital allocation

• The company will not receive proceeds from the resale of shares by selling shareholders; proceeds will go to the selling shareholders.

• Intends to retain future earnings to fund business expansion; no dividends anticipated in the foreseeable future.

• Capital expenditures focus on royalty rights, infrastructure, and new game development; $0.2M in capex for the nine months ended March 31, 2025.