Stillfront Group AB (publ)
STO:SF
Stillfront Group AB (publ)
Stillfront Group AB engages in the developing, publishing, and distributing digital games. The company is headquartered in Stockholm, Stockholm and currently employs 1,381 full-time employees. The company went IPO on 2015-12-08. The firm operates through a number of near-autonomous subsidiaries, including Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the United Kingdom and Sweden, and Dorado Online Games in Malta, Simutronics in the United States, and Babil Games in United Arab Emirates and Jordan, among others. The firm's games portfolio includes Call of War, DragonRealms, ManagerZone Football, Lara Croft Relic Run, Supremacy 1914 and Unravel, among others. The games are distributed globally, however the main markets are Sweden, Germany, the United States, United Kingdom, Middle East and North Africa.
Stillfront Group AB engages in the developing, publishing, and distributing digital games. The company is headquartered in Stockholm, Stockholm and currently employs 1,381 full-time employees. The company went IPO on 2015-12-08. The firm operates through a number of near-autonomous subsidiaries, including Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the United Kingdom and Sweden, and Dorado Online Games in Malta, Simutronics in the United States, and Babil Games in United Arab Emirates and Jordan, among others. The firm's games portfolio includes Call of War, DragonRealms, ManagerZone Football, Lara Croft Relic Run, Supremacy 1914 and Unravel, among others. The games are distributed globally, however the main markets are Sweden, Germany, the United States, United Kingdom, Middle East and North Africa.
Revenue Decline: Group net revenue fell to SEK 1,373 million, down 14% year-on-year, mainly due to weakness in North America.
Margin Expansion: Adjusted EBITDAC increased to SEK 436 million with a margin of 32%, up 8 percentage points, driven by reduced user acquisition costs.
Europe Returns to Growth: Europe achieved organic growth just under 1% for the first time since Q1 2024, with new game launches expected in Q4.
North America Turnaround: North America revenues dropped 32.9% year-on-year but EBITDAC margin improved to 15% after significant cost cuts.
MENA & APAC Strength: MENA and APAC saw over 18% franchise growth with strong double-digit gains in key titles and a 57% EBITDAC margin.
Cost Program Success: Cost optimization program concluded one quarter early, achieving targeted fixed and direct cost reductions.
Deleveraging Progress: Net debt reduced by nearly SEK 800 million year-on-year to SEK 5.1 billion; leverage ratio down to 2.06x.
Positive Free Cash Flow: LTM free cash flow rose to SEK 974 million, up from SEK 835 million last year.
