Hacksaw Ab · OMXSTO:HACK
Hacksaw Ab — Q3 2026 Earnings Presentation
15 slides from Hacksaw Ab's earnings presentation, Nov 3, 2026
Slide 1: Q3 2026 Earnings call
Q3 2026 Earnings call 3 November 2026
Slide 2: Today's presenters
Ana Vrabic Verdir MIKAEL RAHM Group CEO, board member GROUP CFO Today’s presenters
Slide 3: Q3 highlights
Operational highlights • Signed 74 deals, of which 67 with new clients; 34 new clients went live • Games made available in new locally licensed jurisdictions Alberta and Buenos Aires City • Record 19 new in-house developed games released; 26 new 3rd party studio developed games released on OpenRGS p
Slide 4: Operational update
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Slide 5: In-house developed game releases
IN-HOUSE DEVELOPED GAME RELEASES October November December January February March April May June July August September 5
Slide 6: 3rd party studios active on the OpenRGS platform
3RD PARTY STUDIOS ACTIVE ON the OPENRGS PLATFORM 134 games released since 2023 6
Slide 7: Key operational performance indicators
KEY OPERATIONAL PERFORMANCE INDICATORS Game releases by quarter (# of games) Average daily number of rounds played, LTM (Indexed) Revenue, LTM (EURm) Third-party developed games In-house developed games 396 224 230 45 379 210 367 347 197 26 186 321 171 34 292 156 17 256 137 27 27 25 220 22 15 15 18
Slide 8: Hacksaw Markets – a new B2B prediction market platform
HACKSAW Markets Hacksaw ARKETS ––A ANEW newB2B B2BPREDICTION PredictionMARKET MARKETPLATFORM PLATFORM • Rapidly evolving opportunity • Announced in October • Developed entirely in-house within our current cost base • We provide the technology and infrastructure across multiple operators • Operates o
Slide 9: Financial update
Financial update
Slide 10: Financial highlights
FINANCIAL HIGHLIGHTS Revenue (EURm) • Revenue of EUR 58m (12% YoY growth, also 12% on a constant currency basis) 55 58 59 58 52 44 45 45 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Adjusted* Operating profit (EBIT) (EURm) and Margin (%) 5 5 • Adjusted* operating profit (EBIT) of EUR 48m 80% 83%
Slide 11: Cash flow & capex
CASH FLOW & CAPEX cash flow from operating activities (EURm) • Cash flow from operating activities of EUR 52m (42% YoY growth) 200 • Q3 2025 was negatively impacted by 189 dividend related one-time items of EUR 150 155 6.8m. Adjusted for these, YoY growth was 100 20% 50 • Free cash flow* of EUR 49m
Slide 12: Financial position
FINANCIAL POSITION Cash and cash equivalents (EURM) • Strong financial position with cash and cash equivalents of EUR 148m • Up EUR 49m since June 2026, driven by 176 cash flow from operating activities • No interest-bearing debt 148 • Total asset base of EUR 206m (31% increase 133 since June 2026)
Slide 13: Summary
Summary
Slide 14: Summary
Summary • Launch of 19 in-house developed games, 26 third-party games • 1 studio onboarded in Q3 and a total of 12 OpenRGS studios live per quarter-end • 74 deals with existing and new clients • Launched a B2B prediction markets platform after the end of the quarter • LTM revenue of EUR 230m (24% gr
Slide 15: Q&A
Q&A