TROPHY GAMES Development Income Statement

Financials in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	126.45	90.07	54.16	50.19	37.65
Other Revenue	-	-	-	0.4	-
Revenue	126.45	90.07	54.16	50.59	37.65
Revenue Growth (YoY)	40.39%	66.32%	7.05%	34.35%	22.21%
Cost of Revenue	31.04	19.09	10.73	11.04	28.93
Gross Profit	95.41	70.98	43.42	39.54	8.72
Selling, General & Admin	64.37	46.31	32.76	31.8	6.92
Other Operating Expenses	-0.08	-	-0.28	-	-
Operating Expenses	74.9	55.44	37.96	39.8	10.64
Operating Income	20.51	15.54	5.46	-0.26	-1.92
Interest Expense	-1.64	-0.39	-0.48	-0.4	-0.37
Interest & Investment Income	-	-	-	-	0.01
Other Non Operating Income (Expenses)	0.14	0.31	0.15	-	-
EBT Excluding Unusual Items	19.01	15.46	5.13	-0.66	-2.28
Asset Writedown	-	-6.39	-1.98	-16.21	-
Pretax Income	19.01	9.07	3.15	-16.86	-2.28
Income Tax Expense	6.47	1.6	0.91	-4.38	-1.36
Earnings From Continuing Operations	12.54	7.47	2.24	-12.48	-0.92
Minority Interest in Earnings	-	-0.36	0.35	0.01	-
Net Income	12.54	7.11	2.6	-12.47	-0.92
Net Income to Common	12.54	7.11	2.6	-12.47	-0.92
Net Income Growth	76.38%	173.95%	-	-	-
Shares Outstanding (Basic)	27	25	27	28	28
Shares Outstanding (Diluted)	27	25	27	28	28
Shares Change (YoY)	5.08%	-6.64%	-1.47%	-	10940.00%
EPS (Basic)	0.47	0.28	0.10	-0.45	-0.03
EPS (Diluted)	0.47	0.28	0.10	-0.45	-0.03
EPS Growth	67.86%	193.44%	-	-	-
Free Cash Flow	12.92	21.74	11.24	3.73	1.01
Free Cash Flow Per Share	0.48	0.86	0.41	0.14	0.04
Gross Margin	75.45%	78.81%	80.18%	78.17%	23.16%
Operating Margin	16.22%	17.26%	10.09%	-0.51%	-5.09%
Profit Margin	9.92%	7.89%	4.79%	-24.66%	-2.44%
Free Cash Flow Margin	10.21%	24.14%	20.76%	7.36%	2.68%
EBITDA	29.64	24.67	10.94	7.74	1.8
EBITDA Margin	23.44%	27.39%	20.20%	15.31%	4.77%
D&A For EBITDA	9.13	9.13	5.47	8	3.71
EBIT	20.51	15.54	5.46	-0.26	-1.92
EBIT Margin	16.22%	17.26%	10.09%	-0.51%	-5.09%
Effective Tax Rate	34.05%	17.61%	28.77%	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.