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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	146.73	126.45	90.07	54.16	50.19	37.65
Other Revenue	-	-	-	-	0.4	-
Revenue	146.73	126.45	90.07	54.16	50.59	37.65
Revenue Growth (YoY)	59.82%	40.39%	66.32%	7.05%	34.35%	22.21%
Cost of Revenue	48.55	31.04	19.09	10.73	11.04	28.93
Gross Profit	98.19	95.41	70.98	43.42	39.54	8.72
Selling, General & Admin	65.39	64.37	46.31	32.76	31.8	6.92
Other Operating Expenses	-0.08	-0.08	-	-0.28	-	-
Operating Expenses	77.07	74.9	55.44	37.96	39.8	10.64
Operating Income	21.11	20.51	15.54	5.46	-0.26	-1.92
Interest Expense	-1.73	-1.64	-0.39	-0.48	-0.4	-0.37
Interest & Investment Income	-	-	-	-	-	0.01
Other Non Operating Income (Expenses)	0.14	0.14	0.31	0.15	-	-
EBT Excluding Unusual Items	19.52	19.01	15.46	5.13	-0.66	-2.28
Asset Writedown	-	-	-6.39	-1.98	-16.21	-
Pretax Income	19.52	19.01	9.07	3.15	-16.86	-2.28
Income Tax Expense	6.76	6.47	1.6	0.91	-4.38	-1.36
Earnings From Continuing Operations	12.76	12.54	7.47	2.24	-12.48	-0.92
Minority Interest in Earnings	-	-	-0.36	0.35	0.01	-
Net Income	12.76	12.54	7.11	2.6	-12.47	-0.92
Net Income to Common	12.76	12.54	7.11	2.6	-12.47	-0.92
Net Income Growth	50.73%	76.38%	173.95%	-	-	-
Shares Outstanding (Basic)	27	27	25	27	28	28
Shares Outstanding (Diluted)	27	27	25	27	28	28
Shares Change (YoY)	-	5.08%	-6.64%	-1.47%	-	10940.00%
EPS (Basic)	0.48	0.47	0.28	0.10	-0.45	-0.03
EPS (Diluted)	0.48	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	66.91%	75.45%	78.81%	80.18%	78.17%	23.16%
Operating Margin	14.39%	16.22%	17.26%	10.09%	-0.51%	-5.09%
Profit Margin	8.69%	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	31.24	29.64	24.67	10.94	7.74	1.8
EBITDA Margin	21.29%	23.44%	27.39%	20.20%	15.31%	4.77%
D&A For EBITDA	10.13	9.13	9.13	5.47	8	3.71
EBIT	21.11	20.51	15.54	5.46	-0.26	-1.92
EBIT Margin	14.39%	16.22%	17.26%	10.09%	-0.51%	-5.09%
Effective Tax Rate	34.65%	34.05%	17.61%	28.77%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.