Jumpgate (GATE) investor relations material

Executive summary

• Q1 2026 saw a strong turnaround with improved profitability, driven by the successful launch of Star Trek: Voyager – Across the Unknown, which sold over 100,000 units in four days and topped Steam’s premium charts.

• Net turnover for Q1 2026 was 9.8 MSEK, a 29% decrease year-over-year, mainly due to a project at Nukklear not yet replaced.

• EBIT improved to 0.4 MSEK from -5.6 MSEK year-over-year, driven by cost reductions and initial sales of the Star Trek game.

• Loss after financial items narrowed to -1.5 MSEK, an improvement of 4.4 MSEK year-over-year, though impacted by interest expenses and FX effects.

• The company secured significant new project financing, including SEK 19 million for a new game with Trophy Games, strengthening the project pipeline and limiting financial risk.

Financial highlights

• Net turnover for Q1 2026 was 9,755 TSEK, down from 13,648 TSEK in Q1 2025.

• EBIT improved to 356 TSEK from -5,612 TSEK year-over-year.

• Net profit/loss for the period was -1.7 MSEK, a significant improvement from -7.0 MSEK in Q1 2025.

• Cash flow deteriorated by 1.0 MSEK, mainly from increased investments in capitalized development.

• Cash equivalents at period end were 3,214 TSEK.

Outlook and guidance

• Aggregated game revenue for Sacred 2, Ed & Edda, and Star Trek: Voyager is now estimated at the higher end of the 14–51 MSEK range for the first 12 months post-release, with most revenue from Star Trek.

• Ongoing content support and DLCs for Star Trek: Voyager are expected to generate long-tail revenues.

• Revenues are expected to catch up in Q2 as Star Trek's revenue share improves after publisher recoupment.