Modern Times Group's 2025 report shows revenue up 92.5% to SEK 11.58 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.

Modern Times Group's annual report for the year from Jan 1 to Dec 31, 2025 was added to the ESEF registry on Oct 28, 2026. ESEF is the European electronic format in which listed companies file their annual reports, with the statements tagged so a machine can read them. The tagged statements show revenue of SEK 11.58 billion for 2025, against SEK 6.02 billion a year earlier, an increase of 92.5%. Revenue in the years before had been SEK 5.83 billion in 2023 and SEK 5.54 billion in 2022.1^,2^,3^,4^,5^,6^,7

Operating income, the profit from running the business before interest and tax, was SEK 963 million, up 6.9% from SEK 901 million a year earlier. Net income was a loss of SEK 62 million, narrower than the loss of SEK 210 million a year earlier, and the report gives the same SEK 62 million as the loss attributable to the owners of the parent company. Diluted earnings per share, the loss per share once options and similar rights are counted, was a loss of SEK 0.53, against a loss of SEK 1.74 a year earlier.8^,9^,10^,11^,12^,13^,14^,15

The report's figures also show share buybacks of SEK 345 million in 2025, against SEK 350 million the year before. The report's text, which is in Swedish, states a goal of keeping a moderate level of debt and running the business with total net debt below 2.0 times EBITDA, a measure of earnings before interest, tax, depreciation and amortization.16^,17^,18^,19

The tagged figures do not say why revenue nearly doubled, and the parts of the report's text we hold, which cover EBITDA, impairments, net bookings and adjusted results, do not explain it either. Our records hold the report's revenue, operating income, net income and diluted earnings per share for 2025 and the same figures a year earlier, but no segment breakdown.19^,20^,1