Comment from acting CEO Leif Evander Andersson:
“In the second quarter of 2024, the financial performance has shown a significant improvement compared to the previous quarter, both in terms of net sales and EBITDA. The focus is on continuing to future-proof the technical infrastructure behind Entropia Universe while working to deliver engaging content to our users.

 

In this report, we have chosen to present a more in-depth description of MindArk's operations. The purpose of this is to enhance the market's knowledge of the company”.

 

Reporting period
The report covers the period April 1 – June 30, 2024 (“Q2”) and January 1 – June 30, 2024.

 

April 1 – June 30, 2024
Group figures. Comparative figures in parentheses refer to the same period last year.

• Turnover amounted to 26.8 MSEK (26.3 MSEK)
• Work in progress amounted to 5 MSEK (7.6 MSEK)
• Operating profit amounted to 5.4 MSEK (-11.5 MSEK)
• Profit before tax amounted to 5.7 MSEK (-14.9 MSEK)
• Cash & cash equivalents including short-term investments 34.6 MSEK
• No interest-bearing liabilities
• Provision for unconsumed user holdings 34 MSEK
• Earnings per share for the period amounted to 0.16 SEK (-0.53 SEK)

January 1 – June 30, 2024
Group figures. Comparative figures in parentheses refer to the same period last year.

• Turnover amounted to 47.5 MSEK (52.8 MSEK)
• Work in progress amounted to 10 MSEK (15.3 MSEK)
• Operating profit amounted to 6.6 MSEK (-7.3 MSEK)
• Profit before tax amounted to 5.8 MSEK (-9.2 MSEK)
• Cash & cash equivalents including short-term investments 34.6 MSEK
• No interest-bearing liabilities
• Provision for unconsumed user holdings34 MSEK
• Earnings per share for the period amounted to 0.08 SEK (-0.35 SEK)

Significant events during Q2
In April 2024, MindArk terminated the agreement with Pareto Securities AB, the liquidity provider for MindArk’s shares. MindArk’s Board of Directors concludes that the service is no longer necessary.

Significant events after the end of the reporting period
No significant event has occurred after the end of Q2.

 

Financial reports
The Company's financial statements, including the forthcoming report, are available on the Company's website, www.mindark.se/investor-relations/financial-reports/. It is available in a Swedish and an English version.

Auditor
This financial statement has not been reviewed by the Company’s auditor.

Financial calendar

Interim report Q3, 2024 November 28, 2024

Interim report Q4, 2024 February 28, 2025

 

 

This disclosure contains information that Mindark PE AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 28-08-2024 08:00 CET.

For more information, please contact:

Gunilla Krogh
CFO, MindArk PE AB (publ)
gunkro@mindark.com
Tel: +46 31 607 260
MindArk PE AB (publ) 
Org. nr. 556640-4769
Masthamnsgatan 5
413 29 Gothenburg
www.mindark.com

About MindArk

MindArk PE AB (publ) (“the Company” or “MindArk”) develops and operates Entropia Universe, the world's first MMORPG (Massive Multiplayer Online Role-playing Game) with a “Real-Cash-Economy”, and Entropia Platform. Entropia Universe is a virtual universe consisting of a number of planets with different themes and activities. The software is provided globally and free of charge with the possibility to spend money in the virtual universe for anyone with access to PC and the internet. Entropia Universe consists of a digital economy where resources, materials, land, and buildings are represented as digital assets with an underlying base value. Entropia Platform is the technology platform that powers Entropia Universe. The platform is shared with partners who develop their own unique game content for their planets in Entropia Universe.