Enad Global 7's 2025 annual report showed an operating loss of SEK 2.09 billion on revenue of SEK 1.63 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.

Enad Global 7 (EG7), a games publisher listed as STO: EG7, published its annual report for the year from Jan 1, 2025 to Dec 31, 2025 as an ESEF report, the European format in which listed companies file annual reports with tagged figures, and it reached the registry on Oct 28, 2026. Revenue was SEK 1.63 billion, down 5.1% from SEK 1.71 billion a year earlier. The operating result, the profit or loss from running the business before interest and tax, was a loss of SEK 2.09 billion, against a loss of SEK 138.8 million a year earlier. The net result was a loss of SEK 1.94 billion, against a loss of SEK 236.4 million, and the diluted loss a share was SEK 21.84 against SEK 2.67.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13

Depreciation, amortisation and impairment together came to SEK 2.35 billion, against SEK 597.8 million a year earlier. The report's text is in Swedish, and in it the company says it announced a write-down of SEK 2,051.7 million for 2025, of which SEK 1,816.5 million had no connection to performance expectations in ongoing projects in the group and followed a strategic decision. Another passage says that falling market volumes in physical distribution led to a goodwill write-down of SEK 161.5 million.14^,15^,16^,17^,18

On the tagged figures, EBITDA (earnings before interest, tax, depreciation and amortisation) was SEK 267.7 million, down 41.7% from SEK 459 million. The company's own measure, adjusted EBITDA, was SEK 254.0 million against SEK 325.5 million, as the report words it.19^,20^,21^,22

The report breaks 2025 down by business. Daybreak, which it describes as a live-game developer behind EverQuest, generated SEK 754.8 million in net revenue and SEK 100.8 million in adjusted EBITDA for 2025. Big Blue Bubble, home of the My Singing Monsters IP, had SEK 236.9 million in net revenue and SEK 107.5 million in adjusted EBITDA for 2025. Piranha Games, home of the MechWarrior series, generated SEK 106.1 million in net revenue and SEK 36.4 million in adjusted EBITDA for 2025. Fireshine, a British publisher and distributor of digital and physical games, generated SEK 403.3 million in net revenue and SEK 41.9 million in adjusted EBITDA for 2025. Petrol, an art, strategy and marketing agency, generated SEK 123.2 million in net revenue and SEK 0.3 million in adjusted EBITDA for 2025.23^,24^,25^,26^,27

Our records hold the report's tagged figures and its text, read once, but the passages offered to us state only EBITDA, impairments and adjusted results, so what the report says elsewhere is not covered here.17