Remedy Entmt Oyj

Ladies and gentlemen, dear Remedy investors, welcome to the webcast for Remedy's full year results of 2025. My name is Aapo Kilpinen from Remedy's Investor Relations. Joining with me today are Remedy's interim CEO, Markus Päki, and Remedy's CFO, Santtu Kallionpää. Markus will guide us through the quarter and the full year, and then Santtu will dive deeper into the financials. We'll then look at the outlook for 2026 before moving to the Q&A session at the end of the webcast. If you have any questions, feel free to leave those already at the text box below the webcast. But without further ado, Markus, please, how did the quarter go?

Well, welcome everybody on my behalf as well. It's an end of an interesting year for Remedy, so let's look back at what happened. So starting with Q4, financial highlights, our revenue was 17 million. Large growth, it was almost on the record level for us, but not quite record quarter, but very close to that. EBITDA, 3.9 million, and EBIT was 0.0 million positive. Cash flow was a bit negative for the comparison period. One of the major events that happened during Q4, we of course had the change of the CEO and the chairman of the board. So I took the role of the interim CEO and Henri Österlund took the role of chairman of the board. We decided on a new option plan for our staff for 2025. And we also had a repurchase program for 50,000 of our own shares to optimize our capital structure a bit. And of course, the huge news was that we unveiled Control Resonant to be published in 2026. Looking at the full year numbers, revenue was 59.5 million, 17% growth from 24, EBITDA at 11.3 million, and EBIT was then almost 15 million negative, which is the same amount as the last quarter announced firebreak impairment that we did. Cash flow was positive for the whole year. Antti will later go deeper into the numbers a bit. So looking at kind of the highlights. So we got the full control publishing and distribution rights at the beginning of the year. We did release a new game FBC Firebreak. We announced that we have sold over 5 million lifetime copies of Control. I think one of the great news that kind of highlights our move into the strategy and into the self-publishing is that 45% of our revenue now was from game sales and royalties, larger number than ever before. And Control Resonata said big announcement and of course then the CEO transition was one of the key points of 2025. Moving on to the main topic of the quarter in my mind, which was the announcement of Control Resonant. We revealed the game to the world at the Game Awards in December last year. So let's see the trailer and set the mood with that.

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