Q3 2025 Stillfront Group AB (publ) Earnings Call Transcript

Oct 23, 2025 / 08:00 AM GMT

Release Date Price: $0.63455

Transcript

Key Points

Positve

Stillfront Group AB (STLFF) reported a solid adjusted EBITDA margin of 24% in Europe, indicating strong profitability.
The company is seeing encouraging results from the soft launch of new games, which are expected to contribute to revenue growth in the coming quarters.
APAC region showed impressive growth with key franchises growing by more than 18%, highlighting strong performance in that market.
Cost optimization program concluded one quarter early, resulting in significant fixed and direct cost savings, particularly in North America.
The company has successfully reduced its net debt from 5.9 billion to 5.1 billion, demonstrating effective deleveraging efforts.

Negative

North America remains a challenge with a 32.9% year-on-year revenue decline, negatively impacting overall organic growth.
Net revenue declined by 4% due to foreign exchange headwinds and decreased user acquisition costs, affecting top-line performance.
Free cash flow on a last twelve months basis decreased from 1,089 million SEK to 974 million SEK, indicating a decline in cash generation.
The company's leverage ratio is slightly above the target at 2.06x, indicating room for improvement in financial stability.
There is an expectation of continued revenue decline in North America into Q4, as the company maintains discipline in cost management.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SFRG.ST - Stillfront Group AB (publ)
Q3 2025 Stillfront Group AB (publ) Earnings Call
Oct 23, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Steel Front Q3 presentation. I am Alexis Bob, the CEO of Still Front, and I will be joined later by CFO.

I would like to start with a slight focus.

In Europe, we save a few quarters ago that we were in an investment phase, in Europe in the first half of the year and that we would start reaping some of those, rewards, towards the later part of the year.

Q1 of 2024, so in Q3 with growth was just under 1%.

This is before the launch of the main new games that will happen in Q4. Those new big new games as a reminder will be Big Pharm Homestead, that will launch towards the end of the year. I will be within the big franchise. We will build on the.

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