Stillfront's 2025 annual report showed revenue of SEK 5.71 billion and a net loss of SEK 2.4 billion

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.

Stillfront Group's annual report for the year from Jan 1 to Dec 31, 2025 reached the ESEF registry on Oct 28, 2026. ESEF is the European digital format in which listed companies file annual reports. Revenue for the year was SEK 5.71 billion, down 15.2% from SEK 6.74 billion the year before.1^,2^,3^,4^,5

The company made an operating loss of SEK 1.74 billion in 2025, against an operating loss of SEK 6.46 billion a year earlier. Its net loss was SEK 2.4 billion, against SEK 7.38 billion the year before; the loss attributable to the owners of the parent was also SEK 2.4 billion. Diluted loss per share was SEK 4.75, against SEK 14.40 a year earlier.6^,7^,1^,8^,9^,10^,11^,12

Depreciation, amortisation and impairment together were far smaller than a year earlier, at SEK 3.76 billion against SEK 8.6 billion. The report, written in Swedish, puts the goodwill write-down at SEK 1.884 billion, related to Europe, against SEK 6.867 billion the year before. It also lists a write-down of intangible assets of SEK 374 million related to North America, and accelerated depreciation of SEK 69 million that it says was mainly driven by the sale of game assets.13^,14^,15^,16^,17

Before depreciation, the picture is steadier: EBITDA, earnings before interest, tax, depreciation and amortisation, was SEK 2.013 billion, against SEK 2.145 billion a year earlier. Adjusted EBITDA, a measure the company defines itself, was SEK 2.087 billion against SEK 2.256 billion.18^,19

On the player side, a table in the report totals bookings, the value of what players bought, which is not the same as revenue, at SEK 5.697 billion against SEK 6.729 billion. The report is in Swedish, where "procent" means percent. It puts the company's own direct-to-consumer channel at 41 procent of total bookings, and games distributed through outside app stores at about 48 procent of group bookings, against 54 procent a year earlier. Share buybacks were SEK 253 million, against SEK 302 million a year earlier.20^,21^,22^,23^,24

Our records of this report hold the figures its tagged statements give and passages of its Swedish text on EBITDA, impairment and bookings; they do not hold the report's pictures or its tables laid out as the company printed them.25