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Emerge Gaming Limited
(Sydney:SP8)
Emerge Gaming Limited (SP8) vs. iShares MSCI Australia ETF (EWA)
Emerge Gaming Limited Business Overview & Revenue Model
Emerge Gaming Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.45M | 1.81M | 1.76M | 671.22K | 251.83K |
| Gross Profit | 1.22M | 138.61K | 436.72K | 75.97K | 80.30K |
| EBITDA | -2.65M | -1.96M | -4.43M | 6.27M | -1.59M |
| Net Income | -1.82M | -1.54M | -3.45M | 6.78M | -1.25M |
Balance Sheet | |||||
| Total Assets | 21.33M | 16.42M | 18.22M | 22.44M | 24.95M |
| Cash, Cash Equivalents and Short-Term Investments | 7.73M | 14.35M | 15.40M | 17.87M | 15.88M |
| Total Debt | 1.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 7.18M | 1.37M | 1.86M | 3.16M | 12.90M |
| Stockholders Equity | 14.15M | 15.05M | 16.36M | 19.28M | 12.05M |
Cash Flow | |||||
| Free Cash Flow | -1.08M | -1.06M | -2.98M | 289.67K | 4.93M |
| Operating Cash Flow | -1.08M | -1.05M | -2.97M | 306.24K | 4.98M |
| Investing Cash Flow | -5.52M | 8.99M | -8.49M | 1.73M | -48.38K |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 8.81M |
Emerge Gaming Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | AU$16.46M | 16.25 | -1.65% | ― | 12.07% | 98.72% | |
50 Neutral | AU$160.34M | -90.91 | -53.59% | ― | -15.18% | 89.75% | |
48 Neutral | AU$13.20M | -6.25 | -19.65% | ― | 201.07% | -69.23% | |
47 Neutral | AU$11.26M | -3.82 | -18.92% | ― | 8.20% | 37.20% | |
47 Neutral | AU$136.15M | 214.29 | -26.76% | ― | -24.66% | -206.50% | |
47 Neutral | AU$20.49M | 53.33 | ― | ― | -2.82% | ― |
Emerge Gaming Limited Corporate Events
Streamplay Studio Limited reported a sharp turnaround in its half-year results to 31 December 2025, with revenue surging 551% to $8.5 million and net profit after tax reaching $572,000, compared with a loss a year earlier. The performance was underpinned by a full six-month contribution from the acquired Noodlecake unit, strong publishing scale across major storefronts and subscription services, and the successful launch of Winter Burrow, which generated about $3 million in gross revenue within three weeks.
Improved operating leverage lifted non-IFRS EBITDA to $1.8 million and delivered positive operating cash flow of $2.19 million, leaving Streamplay with $8.55 million in cash and a stronger balance sheet. Management said the outcome validates the quality of Noodlecake’s pipeline and platform relationships and positions the company to continue disciplined portfolio investment while evaluating further acquisition opportunities, reinforcing its strategic footing in the competitive games publishing market.
The most recent analyst rating on (AU:SP8) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Emerge Gaming Limited stock, see the AU:SP8 Stock Forecast page.
Streamplay Studio Limited reported a sharp turnaround for the half-year to 31 December 2025, moving to a post-tax profit of $571,621 from a $177,809 loss a year earlier as revenue surged 85% to $8.5 million. The performance was driven primarily by the first-half contribution of Canadian publisher Noodlecake Studios, including the successful launch of Winter Burrow, alongside growing subscription and licensing income from its Pacific and MEA operations, leaving the group with $8.55 million in cash and a stronger platform to scale its global publishing pipeline.
Operating expenses more than doubled to $3.12 million on expanded publishing activity, amortisation of acquired intangibles and share-based payments, while longer lead times with mobile network operator partners delayed revenue from new territories. Management flagged that much of this work is foundational, with higher revenues expected in the next half, and said Noodlecake’s integration is enhancing Streamplay’s global reach and supporting further acquisition opportunities under its buy-and-build strategy.
The most recent analyst rating on (AU:SP8) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Emerge Gaming Limited stock, see the AU:SP8 Stock Forecast page.
Streamplay Studio reported its third consecutive cash-flow positive quarter for the three months to 31 December 2025, generating about A$2.06 million in operating cash inflow on cash receipts of roughly A$3.86 million and closing the period with A$8.52 million in cash and no material debt. Performance was driven by the global multi-platform launch of Winter Burrow, which surpassed A$3 million in revenue within 20 days and continued to deliver steady post-launch sales, alongside the commercial realisation of Tier-1 platform collaborations including Amazon Luna GameNight. The company continued to invest around A$0.8 million in intellectual property and its publishing pipeline, signing new agreements to bring Golden Lap and Yes, Your Grace: Snowfall to mobile, reinforcing its long-tail strategy in premium titles and strengthening its release slate for 2026.
The most recent analyst rating on (AU:SP8) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Emerge Gaming Limited stock, see the AU:SP8 Stock Forecast page.
Emerge Gaming Limited has disclosed a significant change in director Philip Re’s indirect interest in the company, with the grant of 30 million additional performance rights through the LPR Family Trust, taking his total holding to 34.5 million performance rights. The rights, approved by shareholders at the 27 November 2025 annual general meeting and issued for no cash consideration, deepen the director’s equity-linked exposure and reinforce incentive alignment as the company pursues its strategic objectives.
The most recent analyst rating on (AU:SP8) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Emerge Gaming Limited stock, see the AU:SP8 Stock Forecast page.
Streamplay Studio Limited has issued 35 million fully paid ordinary shares approved by shareholders, along with a further 3.85 million fully paid ordinary shares to consultants in lieu of fees, and has notified the market that these securities were issued without a prospectus under the Corporations Act. By lodging this notice, the company confirms the new shares qualify for on-sale without disclosure under the section 708A(5) exemption, while also affirming its compliance with key financial reporting and continuous disclosure obligations and stating there is no undisclosed information material to investors’ assessment of the company or the rights attached to the new shares.
Streamplay Studio Limited has notified the market of the issuance of 150 million unquoted performance rights under its employee incentive scheme, with an issue date of 24 December 2025. These securities, which will not be quoted on the ASX, underscore the company’s continued reliance on equity-based remuneration to align staff interests with shareholder value and support the execution of its growth and operational strategies.
Streamplay Studio Limited has applied to the ASX for quotation of 35 million new fully paid ordinary shares, following shareholder approval at its 27 November 2025 annual general meeting. The new securities, issued on 24 December 2025, will expand the company’s quoted capital base, potentially enhancing liquidity in its stock and providing additional funding flexibility for its operations and growth initiatives.
Streamplay Studio Limited has announced the cessation of a series of performance rights and options, resulting in a reduction of its pool of potential future equity. A total of 9,002,646 performance rights lapsed after their conditions were not met or became incapable of being satisfied, while 18 million options with various exercise prices and an April 2025 expiry date lapsed unexercised, simplifying the company’s capital structure and potentially reducing future dilution for existing shareholders.
Streamplay Studio Limited has applied to the ASX for quotation of 3,846,154 new fully paid ordinary shares, issued as consideration in lieu of fees. The move modestly increases the company’s listed capital base and reflects the use of equity-based payments to settle obligations, a common practice among smaller ASX-listed entities managing cash flow and aligning service providers with shareholder interests.
Streamplay Studio Limited announced that its game Winter Burrow, published by its subsidiary Noodlecake, has generated approximately A$3 million in revenue within 18 days of its global launch across Xbox, Nintendo Switch, and Steam. This achievement represents about 29% of the company’s FY25 pro-forma revenue, highlighting the potential of Streamplay’s expanding premium PC and console publishing pipeline. The game’s success is bolstered by positive editorial coverage and strong sales across platforms, marking it as one of the strongest title contributions in the company’s history.