Pullup Entertainment said it expected 2025/26 adjusted EBIT of €10 million to €15 million and suspended its 2026/27 targets

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Pullup Entertainment said on Apr 16, 2026 that it expected adjusted EBIT (earnings before interest and tax, adjusted by the company) of €10 million to €15 million for 2025/26. It suspended the targets it had communicated for 2026/27 and said it would give more details on its next fiscal year with its full-year earnings, which the release listed for Jun 11, 2026, after market close.1^,2^,3^,4^,5

The company said the adjusted EBIT update reflected several new releases that did not reach its forecasts for the quarter, accelerated amortizations and impairments (accounting charges that write down the value of assets) linked to them and to discontinued projects, and the delay of Battlestar Galactica: Scattered Hopes to 2026/27. Chief Financial Officer Aurélien Briand said a comprehensive review of its schedules and its pipeline of games under development led to the forecast. He added that, with an exceptional concentration of competing releases in March, higher than expected back catalogue revenue was not enough to offset the underperformance of the titles released in that period.6^,7^,8^,9

Revenue for the fourth quarter, ended Mar 31, 2026 and unaudited, was €84.0 million, up 53.3% on the year-earlier quarter. For the full year it was €281.4 million, down 27.8% from 2024/25, a year that the company said benefited from the exceptional release of Warhammer 40,000: Space Marine 2. New releases brought in €82.3 million over the year, down 68.1% on the previous year, while back catalogue revenue, from older games, reached €189.0 million, which the company called a record level, up 52.9% and 67% of the total. In the quarter back catalogue revenue was €52.1 million, up 87.2%.10^,11^,12^,13^,14^,15^,16^,17

The company said John Carpenter's Toxic Commando had a solid launch, though below its expectations, and that Memories In Orbit and Starship Troopers: Ultimate Bug War did not reach the commercial success expected despite excellent player feedback. Absolum had sold over 500,000 copies, it added, and Roadcraft more than 1 million. Chief Executive Geoffroy Sardin said the company was prioritizing visibility and cash generation, and named Road Kings, Resonance: A Plague Tale Legacy, the next Train Sim World and Warhammer 40,000: Space Marine 3 among the ambitious titles it said it would launch over the coming years.18^,19^,20^,21^,22

We hold the English text of this one release, four pages long and without its pictures, charts or layout. The text we hold does not give the earlier adjusted EBIT target, so the size of the change is not in it, and it does not define adjusted EBIT.23