EG7 Publishes Five-Year Business Unit Data as It Bets on Future Growth Assets

Enad Global 7 AB ( (SE:EG7) ) just unveiled an announcement.

Enad Global 7 has released five years of historical financial data for its business units, covering 2021 to 2025, to help current and prospective investors better assess the value of the group and perform sum-of-the-parts valuations. The one-off disclosure is part of a broader strategic review by the board and management, with some details also discussed in the company’s latest interim report and webcast.

The company highlights that its core cash-generating assets, Daybreak Games (excluding Palia) and Big Blue Bubble, produced SEK 873 million in net revenue and SEK 189 million in EBITDAC in 2025, corresponding to a 22 percent margin. At the same time, EG7 has invested more than SEK 600 million over the past three years in three key assets with potential to transform future performance from 2026 onward.

Cold Iron has received USD 31.6 million in net investment to develop a AA title slated for release in the third quarter of 2026, where EG7 will first recoup its outlay and then share 50 percent of net profits. Palia, a growing live-service game, attracted more than USD 10 million in funding in 2024–2025 and generated over USD 12 million in net revenue with 70 percent growth in the second half of 2025 year-on-year but has yet to turn cash-flow positive.

Fireshine, EG7’s indie publishing arm, has invested GBP 14 million in digital titles, building digital revenue to more than GBP 11 million in 2025 and steadily growing that line since its digital transformation initiative began five years ago. The group also notes potential upside from currently break-even revenue-generating assets Petrol and Piranha Games, which together delivered SEK 229 million in net revenue in 2025.

EG7 reports tax loss carryforwards amounting to SEK 724 million as of 31 December 2025, which can be used without time limitation to offset future taxable profits. Following recent tax-related payments to the sellers of Daybreak, the company ended 2025 with pro forma cash of SEK 290 million, interest-bearing debt and contingent considerations of SEK 360 million, and net debt of roughly SEK 70 million, underscoring a relatively modest leverage profile as it pursues its investment-led growth strategy.

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 (EG7) is a Stockholm-headquartered gaming group that develops, markets, publishes and distributes PC, console and mobile games for the global market. The company, listed on Nasdaq Stockholm, operates divisions such as Daybreak Games, Piranha Games and Big Blue Bubble for development, Petrol for games marketing, and Fireshine Games for physical and digital publishing, employing about 560 staff across 12 offices worldwide.

Average Trading Volume: 183,530

Technical Sentiment Signal: Sell

Current Market Cap: SEK1.02B

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