Kvix (KVIX) Q2 2025 earnings summary

Executive summary

• Q2 2025 saw continued positive momentum, with net sales of 2.4 MSEK, up from 0.2 MSEK year-over-year, and a net profit of 0.5 MSEK, marking the first monthly net profit for the game in April, May, and June.

• The company focused marketing efforts on iOS, increasing daily active users (DAU) on the platform from 700 to 3,500 during the quarter, with further growth post-period.

• Major game updates included new social features such as alliances, which improved player retention rates, with D30 retention rising from 6.55% in April to 7.32% in June.

Financial highlights

• Q2 net sales reached 2.4 MSEK (0.2 MSEK last year), operating profit was 0.5 MSEK (0.1 MSEK), and net profit was 0.5 MSEK (0.1 MSEK).

• H1 2025 net sales totaled 6.3 MSEK (0.6 MSEK), with operating profit of 2.5 MSEK (-0.5 MSEK) and net profit of 2.5 MSEK (-0.5 MSEK).

• Cash flow from operations after working capital changes was 0.2 MSEK in Q2 (improved from -0.7 MSEK) and 2.0 MSEK for H1 (from -1.8 MSEK).

• Cash and cash equivalents at period end were 0.2 MSEK (0.0 MSEK last year).

• Q2 ARPDAU was 6.15 SEK, CAC was 26.40 SEK, and DAU averaged 4,928.

Outlook and guidance

• Management aims to further increase revenues and optimize marketing, focusing on sustainable, positive cash flow and controlled expansion of the player base.

• The company remains cautious with marketing spend, prioritizing profitability and retention improvements.