MindArk (MNDRK) Q4 2025 earnings summary

Executive summary

• 2025 marked a transformative year with full integration of AI across development, leading to improved efficiency and a fundamental shift in operations.

• Q4 saw a decline in revenue and operating profit due to lower user activity and adverse currency effects, but user growth and engagement rebounded in December.

• Major technical advancements included migration to Chromium Embedded Framework, launch of AI-driven systems, and a significant newcomer experience update.

• No significant events occurred during or after Q4 2025.

Financial highlights

• Q4 2025 turnover was 19.7 MSEK, down from 23.7 MSEK year-over-year; full-year turnover was 78.4 MSEK, down from 90.7 MSEK.

• Q4 operating profit was -540 TSEK (3 MSEK prior year); full-year operating profit was -3.6 MSEK (9.5 MSEK prior year).

• Profit before tax for Q4 was -794 TSEK (-845 TSEK prior year); full-year profit before tax was 2.6 MSEK (6 MSEK prior year).

• Cash and cash equivalents at year-end were 25.3 MSEK; no interest-bearing liabilities.

• Earnings per share for Q4 were -0.03 SEK (0.02 SEK prior year); full-year EPS was 0.07 SEK (0.15 SEK prior year).

Outlook and guidance

• Entering 2026 with a streamlined cost structure, improved delivery capacity, and a focus on user growth and technical innovation.

• Strategic direction centers on scaling AI capabilities and increasing global marketing to drive user engagement and revenue.