GDEV (GDEV) Registration Filing summary

Company overview and business model

• Develops mobile, web, and social games, with a focus on free-to-play RPGs and midcore genres.

• Core franchise, Hero Wars, reached 6.3 million monthly active users in 70+ countries in H1 2024.

• Expanded through acquisitions of four gaming studios in 2022 to diversify portfolio and player base.

• Headquarters in Cyprus, with 655 employees as of June 30, 2024.

Financial performance and metrics

• Revenue: $212.8M (H1 2024), $464.5M (2023), $479.7M (2022).

• Bookings: $216.2M (H1 2024), $421.6M (2023), $449.4M (2022).

• Net cash from operations: $11.7M (H1 2024), $17.9M (2023), $116.1M (2022).

• Total comprehensive income: $13.9M (H1 2024), $48.0M (2023), $10.7M (2022).

• As of June 30, 2024: $50.8M cash, no debt, total equity $(118.7)M.

Use of proceeds and capital allocation

• Net proceeds intended for general corporate purposes, including working capital.

• Management retains broad discretion over allocation of proceeds.