- Everplay Group
- 24 March 2026 09:12:14
Source: Sharecast
Revenue for the year ended 31 December was broadly unchanged at £166m, compared with £166.6m a year earlier, reflecting the exit from astragon’s physical distribution business.
Excluding that, group revenue rose 5%.
Gross profit increased 10% to £76.3m, with the gross margin improving to 46.0% from 41.6%.
Adjusted EBITDA rose 11% to £48.5m, with the margin expanding to 29.2% from 26.1%, while profit before tax climbed 44% to £36.6m.
Adjusted profit before tax increased 12% to £48.5m and adjusted earnings per share rose 7% to 25.7p.
Cash and cash equivalents fell 17% to £51.9m, reflecting acquisition-related spending and higher development costs, while operating cash conversion declined to 89% from 97%.
The group highlighted an 80% increase in new release revenues, with 11 titles launched during the year, including Date Everything!, SWORN, Firefighting Simulator: Ignite and LEGO Bluey.
Back catalogue revenues accounted for 75% of total revenue, delivering double-digit growth compared with 2023, though moderating from particularly strong levels in 2024.
Within divisions, Team17 delivered an 8% increase in total sales to a record £106m, supported by a more than sevenfold increase in new release revenues and continued expansion of its existing portfolio.
Astragon revenues declined 33% following the exit from physical distribution, and were down 18% on an underlying basis, although management expects improved performance in 2026 as it refocussed on core franchises.
StoryToys posted a strong performance, with revenues rising 25% to £30.4m, supported by new app launches, partnerships and growth in subscriptions.
The group said it continued to execute on its strategic priorities, including acquisitions of intellectual property and publishing rights, and partnerships with platforms including Netflix Games, Apple Arcade, Amazon Game Night and Nintendo Switch 2.
It also acquired a minority stake in Super Media Group and secured rights to several existing titles.
Everplay declared a final dividend of 1.9p per share, taking the full-year payout to 2.9p, up from 2.7p in 2024.
Looking ahead, the company said it had made a good start to 2026 and expected to launch at least 15 new games and apps during the year, including several first-party titles.
It said it anticipated performance to be weighted towards the second half due to the timing of major releases.
“My first three months at everplay have been hugely exciting and reinforced my confidence in the group's long-term potential,” said chief executive Mikkel Weider.
“2025 again showed the benefit of the Group's portfolio strategy.
“2026 has one of the busiest and highest quality new release line-ups in several years, packed with first-party IP and exciting third-party titles such as Wardogs.
“Combined with the new partnerships and acquisitions made in the previous year, I am confident that we are on track for a strong 2026.”
The board said it expected the group to deliver 2026 results in line with market expectations, with company-compiled consensus pointing to revenues of £173.6m and adjusted EBITDA of £50.5m.
At 0848 GMT, shares in Everplay Group were down 13.49% at 224.05p.
Reporting by Josh White for Sharecast.com.
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