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Hacksaw AB ( (SE:HACK) ) has issued an update.
Hacksaw AB reported a strong 2025, with full-year revenue rising 44% to EUR 197.5 million and adjusted operating profit up 39% to EUR 161.4 million, sustaining an 82% EBIT margin. Organic growth was driven by 91 new game releases, over 260 commercial deals, and reduced dependence on any single title, client, or country, underscoring the scalability of its business model.
Fourth-quarter revenue grew 26% to EUR 55.1 million, while profit for the period climbed 28% to EUR 42 million, and operating cash flow for the year surged to EUR 152.1 million. The group strengthened its market presence with regulatory approval in Alberta, Canada, expanded its OpenRGS studio network to eight partners, listed its shares in June, and the board proposed a EUR 0.40 dividend plus a share buyback mandate of up to 10% of capital, signaling a commitment to returning a large share of earnings to investors.
Hacksaw ended the year with 254 employees, reflecting continued investment in talent to support its product pipeline and commercial expansion. Management expects the iGaming market to keep growing in 2026 and aims to gain further market share through product innovation and enhanced monetisation, positioning the company for continued high growth and shareholder value creation.
The most recent analyst rating on (SE:HACK) stock is a Buy with a SEK100.00 price target. To see the full list of analyst forecasts on Hacksaw AB stock, see the SE:HACK Stock Forecast page.
More about Hacksaw AB
Hacksaw AB is an online gaming provider that develops and distributes digital casino content, including in-house titles and games from third-party studios via its OpenRGS platform. The company focuses on high-margin, scalable operations in regulated and growing iGaming markets, increasingly diversifying its customer base and geographic exposure while expanding its game portfolio and studio partnerships.
Average Trading Volume: 564,981
Technical Sentiment Signal: Strong Sell
Current Market Cap: SEK15.96B
For a thorough assessment of HACK stock, go to TipRanks’ Stock Analysis page.