Postgame
FilingsESEF report

Embracer Group's annual report for the year to Mar 31, 2025 showed SEK 22.37 billion in revenue and SEK 5.96 billion in net income

The report, added to the ESEF registry on Oct 26, 2026, restated the year before: revenue of SEK 27.41 billion, from SEK 42.21 billion as first reported.

From the public record2 min read

Published Filed
RevenueSEK 22.37 billion
Operating incomeSEK 3.54 billion
Net incomeSEK 5.96 billion
Year endedMar 31, 2025

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.

Embracer Group's annual report for the year from Apr 1, 2024 to Mar 31, 2025 was added to the ESEF registry on Oct 26, 2026. ESEF is the digital format in which companies listed in Europe file their annual reports. Revenue was SEK 22.37 billion, down 18.4% from SEK 27.41 billion in the year before. That year-earlier figure was restated: the report added to the registry on May 8, 2025 had first given SEK 42.21 billion for it. Operating income was SEK 3.54 billion, against an operating loss of SEK 14.4 billion for the year before as restated; as first reported, that loss was SEK 20.52 billion.123456789101112

Net income was SEK 5.96 billion, both for the owners of the parent and including non-controlling interests, the stakes other holders have in subsidiaries, against a loss of SEK 18.18 billion. Diluted earnings per share were SEK 28.87, against a loss of SEK 91.68 per share as restated; as first reported, that loss was SEK 15.28 per share. Depreciation, amortisation and impairment together came to SEK 9.23 billion, against SEK 13.77 billion the year before.13141516171819202122

The report's own text, in Swedish, states EBITDA (earnings before interest, tax, depreciation and amortisation) of SEK 12,769 million, against negative EBITDA of SEK 629 million a year earlier, and says the increase relates to gains on the sale of subsidiaries. It also states an impairment of goodwill of SEK 3,727 million for the year.323242

Among the companies Embracer owns are Warhorse Studios, which develops Kingdom Come: Deliverance II, and Tripwire Interactive, which develops and publishes Killing Floor 3.25262728

We hold the report's tagged figures and its text, but not its tables as printed, and this article draws on only the passages of that text that state EBITDA and impairments; the companies named above are those our records list under Embracer, which may differ from the group the report covers.32527

How each figure was checked28 facts
  1. the day the report was added to the ESEF registryOct 26, 2026Our database
  2. the year the report coversyear from Apr 1, 2024 to Mar 31, 2025Our database
  3. what our records holdOur record of an ESEF annual report holds the figures its tagged statements give (revenue, the operating result, the net result and the same figures a year earlier) and the day it reached the registry. It also holds the report's text, read once, in the company's language (sv); the dossier offers its passages that state EBITDA, an impairment, net bookings or an adjusted operating result, and no other part of it is offered. We do not hold the report's pictures or tables laid out as the company printed them.Our database
  4. revenue for the year to Mar 31, 2025SEK 22.37 billion for the year from Apr 1, 2024 to Mar 31, 2025Our database
  5. revenue for the year before, as this report gives itSEK 27.41 billion in the same year a year earlierOur database
  6. revenue change on the year before−18.4% on the same year a year earlierOur database
  7. revenue for the year before, as first reportedSEK 42.21 billion for the year from Apr 1, 2023 to Mar 31, 2024, as first reported in the ESEF report added on May 8, 2025Our database
  8. revenue for the year before, restatedSEK 27.41 billion for the year from Apr 1, 2023 to Mar 31, 2024 in this report, restated from 42206000000.0 as first reported in the ESEF report added on May 8, 2025Our database
  9. operating income for the year to Mar 31, 2025SEK 3.54 billion for the year from Apr 1, 2024 to Mar 31, 2025Our database
  10. operating income for the year before, as this report gives it−SEK 14.4 billion in the same year a year earlierOur database
  11. operating income for the year before, as first reported−SEK 20.52 billion for the year from Apr 1, 2023 to Mar 31, 2024, as first reported in the ESEF report added on May 8, 2025Our database
  12. operating income for the year before, restated−SEK 14.4 billion for the year from Apr 1, 2023 to Mar 31, 2024 in this report, restated from -20519000000.0 as first reported in the ESEF report added on May 8, 2025Our database
  13. net income including non-controlling interests, year to Mar 31, 2025SEK 5.96 billion for the year from Apr 1, 2024 to Mar 31, 2025Our database
  14. net income attributable to the owners of the parent, year to Mar 31, 2025SEK 5.96 billion for the year from Apr 1, 2024 to Mar 31, 2025Our database
  15. net income including non-controlling interests, year before−SEK 18.18 billion in the same year a year earlierOur database
  16. net income attributable to the owners of the parent, year before−SEK 18.18 billion in the same year a year earlierOur database
  17. diluted earnings per share, year to Mar 31, 202528.87 SEK per share for the year from Apr 1, 2024 to Mar 31, 2025Our database
  18. diluted earnings per share, year before-91.68 SEK per share in the same year a year earlierOur database
  19. diluted earnings per share, year before, as first reported-15.28 SEK per share for the year from Apr 1, 2023 to Mar 31, 2024, as first reported in the ESEF report added on May 8, 2025Our database
  20. diluted earnings per share, year before, restated-91.68 SEK per share for the year from Apr 1, 2023 to Mar 31, 2024 in this report, restated from -15.28 SEK per share as first reported in the ESEF report added on May 8, 2025Our database
  21. depreciation, amortisation and impairment together, year to Mar 31, 2025SEK 9.23 billion for the year from Apr 1, 2024 to Mar 31, 2025Our database
  22. depreciation, amortisation and impairment together, year beforeSEK 13.77 billion in the same year a year earlierOur database
  23. EBITDA and what the report says moved itEBITDA of SEK 12,769 million against SEK -629 million; the increase relates to gains on the sale of subsidiariesEmbracer Group annual report for the year to Mar 31, 2025, as filed (Swedish) ↗
  24. goodwill impairment as the report words itimpairment of goodwill of SEK 3,727 millionEmbracer Group annual report for the year to Mar 31, 2025, as filed (Swedish) ↗
  25. the parent of Warhorse StudiosEmbracer GroupOur database
  26. the games Warhorse Studios developsKingdom Come: Deliverance II (developer)Our database
  27. the parent of Tripwire InteractiveEmbracer GroupOur database
  28. the games Tripwire Interactive develops and publishesKilling Floor 3 (developer, publisher)Our database

Sign in to keep your place.

The record

Company
Embracer Group (LEI 549300RFXXKT652HB549)
Report
549300RFXXKT652HB549-2025-03-31-ESEF-SE-0
Added to the index
Oct 26, 2026
Index validation
0 errors, 0 inconsistencies, 2 warnings
Period covered
Apr 1, 2024 – Mar 31, 2025
Revenue
22,370,000,000 SEK
Revenue, a year earlier
27,409,000,000 SEK
Operating income
3,535,000,000 SEK
Operating income, a year earlier
−14,400,000,000 SEK
Net income
5,963,000,000 SEK
Net income, a year earlier
−18,178,000,000 SEK
Open the source ↗

Annual revenue, last 4 periods

Mar 31, 2025SEK 22.37 billion
Mar 31, 2024SEK 27.41 billion
Mar 31, 2023SEK 37.67 billion
Mar 31, 2022SEK 17.07 billion
New to this? Learn it in 4 minReading a European annual report

About Embracer Group

Embracer Group page →
RevenueSEK 22.37 billionYear to Mar 31, 2025 · −18.38% year over year · about €2.06 billion at the ECB rate of Mar 31, 2025
Operating incomeSEK 3.54 billionYear to Mar 31, 2025 · +124.55% year over year · about €325.84 million at the ECB rate of Mar 31, 2025
Net incomeSEK 5.96 billionYear to Mar 31, 2025 · +132.8% year over year · about €549.64 million at the ECB rate of Mar 31, 2025

Source: Annual report (ESEF), fiscal year to Mar 31, 2025

Open roles
11 open roles · 8 posted this week · 2 job boards
Layoffs, 12 months
No WARN notices in the US states we read

More on Embracer Group

Sources

  1. filings.xbrl.org, report viewer
  2. Embracer Group annual report, as filed
  3. How we collect our data
Embracer Group

Keep reading