Safe Lane Gaming (SLG) Q3 2025 earnings summary

Executive summary

• Focused restructuring led to divestment of Raketspel and repayment of all external loans, strengthening the balance sheet and narrowing operations to Battle Camp as the sole business.

• Positive operational results for Battle Camp, with improved cash flow and cost reductions of about 20% compared to the previous quarter.

• Leadership changes included Jesper Nord's appointment as CEO and a new management structure.

Financial highlights

• Net revenue for Q3 2025 was SEK 2.6M, down from SEK 5.3M in Q3 2024; for Q1–Q3 2025, revenue was SEK 14.9M, down from SEK 18.5M year-over-year.

• EBITDA for Q3 2025 was SEK -0.3M (Q3 2024: SEK 0.4M); for Q1–Q3 2025, adjusted EBITDA was SEK 1.5M (Q1–Q3 2024: SEK 2.0M).

• Result after financial items for Q3 2025 was SEK -39.2M, significantly lower than Q3 2024's SEK -12.2M, mainly due to a one-time goodwill write-off.

• Equity ratio at 21.1% (Q3 2024: 42.3%).

• Earnings per share for Q3 2025 was SEK -4.70 (Q3 2024: SEK -1.47).

Outlook and guidance

• Q4 2025 started positively with improved key metrics and cost reductions expected to strengthen results.

• Focus remains on profitability, cost discipline, and selective growth investments, with ongoing evaluation of new acquisitions.

• Seasonal events like Halloween and Christmas are anticipated to drive strong commercial performance.