EG7 Posts Weak Q4 on Impairments but Live Games and Pipeline Show Strength

Enad Global 7 AB ( (SE:EG7) ) has shared an update.

Enad Global 7 reported fourth-quarter 2025 net revenue of SEK 436.9 million, down 14.8 percent year-on-year with a 4.4 percent FX-adjusted organic decline, as unfavorable currency movements weighed on sales and margins. EBITDA fell sharply and a large SEK 2,051.7 million impairment pushed EBIT deep into negative territory, though most of the write-down was not tied to weaker performance expectations.

Operationally, the group saw solid engagement from new content, with expansions for EverQuest, EverQuest II, and The Lord of the Rings Online, continued growth for Palia, strong DLC-driven sales for MechWarrior 5, and record December revenue for My Singing Monsters after a TikTok collaboration. EG7 highlighted progress on its upcoming title with Cold Iron, targeted for a 2026 launch, and ended the quarter with positive net cash and a refreshed board, positioning its live games and pipeline as key drivers for future performance.

The most recent analyst rating on (SE:EG7) stock is a Hold with a SEK12.00 price target. To see the full list of analyst forecasts on Enad Global 7 AB stock, see the SE:EG7 Stock Forecast page.

More about Enad Global 7 AB

Enad Global 7 AB is a Swedish gaming group focused on developing, publishing, and operating online and PC/console games through studios such as Daybreak, Piranha, and others. Its portfolio includes long-running MMORPG franchises like EverQuest and The Lord of the Rings Online, as well as titles such as Palia, MechWarrior 5, and mobile hit My Singing Monsters.

Average Trading Volume: 183,530

Technical Sentiment Signal: Sell

Current Market Cap: SEK1.02B

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