Stockholm, Sweden (November 5, 2025) – Maximum Entertainment AB (Nasdaq: MAXENT B) today released its interim report for the third quarter of 2025.
Working With All Stakeholders to Define Our Future
Third quarter, Jul-Sep 2025 (Compared to Jul-Sep 2024)
- Net sales amounted to 15.5 (17.2) MEUR.
- Gross margin amounted to 22 (24)%.
- Adjusted EBITDA amounted to 0.5 (-0.2) MEUR.
- Earnings per share amounted to -0.24 (-0.40) EUR.
- Cash flow from operating activities amounted to -1.5 (2.7) MEUR.
- The number of employees stood at 114 (181) at the end of the period.
- Discussions have continued with our financial partners, and the company is still depending on additional financing to support its business activities going forward.
Year-to-date, Jan-Sep 2025 (Compared to Jan-Sep 2024)
- Net sales amounted to 44.2 (54.5) MEUR.
- Gross margin amounted to 26 (30)%.
- Adjusted EBITDA amounted to 1.4 (3.1) MEUR.
- Earnings per share amounted to -0.51 (-0.44) EUR.
- Cash flow from operating activities amounted to 2.1 (8.9) MEUR.
| KPIs Q3 2025 KEUR |
2025-07-01 2025-09-30 |
2024-07-01 2024-09-30 |
2025-01-01 2025-09-30 |
2024-01-01 2024-09-30 |
2024-01-01 2024-12-31 |
| Net Sales | 15 498 | 17 216 | 44 207 | 54 469 | 79 936 |
| Share of revenue derived from Owned IP | 6% | 10% | 7% | 12% | 10% |
| Gross margin % | 22% | 24% | 26% | 30% | 30% |
| Adjusted EBITDA | 522 | -164 | 1 444 | 3 105 | 6 763 |
| Adjusted EBITDA Margin % | 3% | -1% | 3% | 6% | 8% |
| EBITDA | 11 | -751 | -546 | 5 166 | 17 829 |
| EBITDA Margin | 0% | -4% | -1% | 9% | 22% |
| Adjusted EBIT | -9 237 | -15 705 | -12 229 | -16 695 | -16 996 |
| Adjusted EBIT Margin % | -60% | -91% | -28% | -31% | -21% |
| EBIT | -9 748 | -16 293 | -14 219 | -14 634 | -19 146 |
| EBIT Margin % | -63% | -95% | -32% | -27% | -24% |
| Total Headcount | 114 | 181 | 114 | 181 | 124 |