Stockholm, Sweden (May 28, 2025) – Maximum Entertainment AB (Nasdaq: MAXENT B) today released its interim report for the first quarter of 2025.
Addressing The Past While Working For the Future
First quarter, January-March 2025 (Compared to January-March 2024)
- Net sales decreased to 15.0 (19.9) MEUR.
- Gross margin declined to 24.4 (31.5)%.
- Adjusted EBITDA amounted to -0.2 (1.8) MEUR.
- Earnings per share amounted to -0.16 (-0.03) EUR.
- Cash flow from operating activities amounted to 0.5 (4.3) MEUR.
- The number of employees stood at 115 (193) at the end of the period.
- We remain in ongoing discussions with our lenders and continue to explore the possibility of a resolution.
- The company has filed a statement of defense in the ongoing arbitration with former CEO and COO, disputing their claim in its entirety as well as filed a counter claim of approximately USD 6.2M.
| KPI’s Q1 2025 (in ,000’s of Euros) |
01/01/25 03/31/25 |
01/01/24 03/31/24 |
01/01/24 12/31/24 |
| Net Sales | 15 007 | 19 900 | 79 936 |
| Share of revenue derived from Owned IP | 7% | 13% | 10% |
| Gross margin % | 24% | 32% | 30% |
| Adjusted EBITDA | -212 | 1 810 | 6 763 |
| Adjusted EBITDA Margin % | -1% | 9% | 8% |
| Adjusted EBIT | -1 815 | -623 | -16 996 |
| Adjusted EBIT Margin % | -12% | -3% | -21% |
| EBIT | -2 729 | -646 | -19 146 |
| EBIT Margin % | -18% | -3% | -24% |
| Total Headcount | 115 | 193 | 181 |