Kvix (KVIX) Q4 2025 earnings summary

Executive summary

• Achieved significant revenue growth and improved profitability, driven by increased player activity in Modern Command Mayhem.

• Leveraged AI tools for efficient game development, enabling competitiveness with a small team.

• Focused on enhancing game engagement through new features and social elements.

Financial highlights

• Q4 net revenue rose to 3.6 MSEK from 1.0 MSEK year-over-year; full-year revenue reached 12.8 MSEK, up from 2.0 MSEK.

• Q4 operating result improved to -0.9 MSEK from -2.8 MSEK; full-year operating result was 0.6 MSEK, up from -4.1 MSEK.

• Q4 net result was -0.9 MSEK (vs. -2.6 MSEK); full-year net result was 0.6 MSEK (vs. -3.9 MSEK).

• Cash flow from operations for the year was 2.0 MSEK (vs. -2.4 MSEK); cash at year-end was 0.3 MSEK.

• No dividend proposed for 2025.

Outlook and guidance

• Ongoing development of Modern Command Mayhem with new features and content planned.

• Strengthened user acquisition capabilities with a new expert to drive structured growth.

• Ambition to scale the game to a much larger audience over time.