TROPHY GAMES Development Income Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	106.25	90.07	54.16	50.19	37.65	30.81
Other Revenue	-0.83	-	0.28	0.4	-	-
Revenue	105.41	90.07	54.44	50.59	37.65	30.81
Revenue Growth (YoY)	26.19%	65.46%	7.61%	34.35%	22.21%	54.59%
Cost of Revenue	34.14	19.09	10.73	11.04	28.93	20.39
Gross Profit	71.27	70.98	43.7	39.54	8.72	10.42
Selling, General & Admin	46.78	46.31	32.76	31.8	6.92	4.93
Operating Expenses	53.71	55.44	38.24	39.8	10.64	5.71
Operating Income	17.57	15.55	5.46	-0.26	-1.92	4.71
Interest Expense	-1.08	-0.39	-0.48	-0.4	-0.37	-0.19
Interest & Investment Income	0.31	0.31	0.15	-	0.01	-
Other Non Operating Income (Expenses)	-	-	-	-	-	0.02
EBT Excluding Unusual Items	16.79	15.46	5.13	-0.66	-2.28	4.54
Asset Writedown	-6.4	-6.4	-1.98	-16.21	-	-
Pretax Income	10.39	9.07	3.15	-16.86	-2.28	4.54
Income Tax Expense	5.56	1.6	0.91	-4.38	-1.36	0.92
Earnings From Continuing Operations	4.84	7.47	2.24	-12.48	-0.92	3.62
Minority Interest in Earnings	-0.36	-0.36	0.35	0.01	-	-
Net Income	4.48	7.11	2.6	-12.47	-0.92	3.62
Net Income to Common	4.48	7.11	2.6	-12.47	-0.92	3.62
Net Income Growth	-46.34%	173.95%	-	-	-	11.14%
Shares Outstanding (Basic)	27	27	27	28	28	0
Shares Outstanding (Diluted)	27	27	27	28	28	0
Shares Change (YoY)	-	-0.82%	-1.47%	-	10940.00%	-
EPS (Basic)	0.17	0.26	0.10	-0.45	-0.03	14.49
EPS (Diluted)	0.17	0.26	0.10	-0.45	-0.03	14.49
EPS Growth	-	176.21%	-	-	-	-
Free Cash Flow	-	19.26	11.24	3.73	1.01	6.51
Free Cash Flow Per Share	-	0.71	0.41	0.14	0.04	26.02
Gross Margin	67.61%	78.81%	80.28%	78.17%	23.16%	33.83%
Operating Margin	16.66%	17.26%	10.04%	-0.51%	-5.09%	15.29%
Profit Margin	4.25%	7.89%	4.77%	-24.66%	-2.44%	11.76%
Free Cash Flow Margin	-	21.38%	20.65%	7.36%	2.68%	21.12%
EBITDA	13.84	15.76	10.94	7.74	1.8	5.5
EBITDA Margin	13.13%	17.50%	20.09%	15.31%	4.77%	17.84%
D&A For EBITDA	-3.73	0.22	5.47	8	3.71	0.79
EBIT	17.57	15.55	5.46	-0.26	-1.92	4.71
EBIT Margin	16.66%	17.26%	10.04%	-0.51%	-5.09%	15.29%
Effective Tax Rate	53.46%	17.61%	28.77%	-	-	20.26%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.