REG - Everplay Group plc - Trading Update

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RNS Number : 6611P  Everplay Group plc  21 January 2026

21 January 2026

everplay group plc

("everplay" or the "Group")

 

Trading Update

 

everplay, a leading global independent games developer and publisher of
premium video games, working simulation games and children's edutainment apps
today provides a trading update for the twelve months ended 31 December 2025
("FY 2025").

 

The Group continued to trade well across H2 2025, including a significant
uplift in new release revenues, double-digit growth in first-party IP
revenues, an improved back catalogue performance and the signing of
anticipated license deals. Trading over the Black Friday retail and festive
period was strong, and this momentum has continued into January. As a result,
the Group expects to deliver adjusted EBITDA for FY 2025 in line with current
market expectations(1), a double-digit increase versus FY 2024.

 

Revenue growth has been strong in H2 2025 for Team17 and StoryToys, supported
by successful performances of new releases including Date Everything!, SWORN
and LEGO® Bluey™ in addition to new license agreements with Netflix. During
H2 2025, astragon made the strategic decision to completely exit its
low-margin physical distribution business. While the effect on adjusted EBITDA
is limited, it does provide a headwind to revenues. Accordingly, Group
revenues for FY 2025 are expected to be broadly flat on the prior year.
Excluding physical sales, the Group delivered mid-single digit organic revenue
growth for FY 2025.

 

H2 2025 was an active period for acquisitions, which remain a core strategic
growth priority for  management. As previously announced(2), the Group
acquired a 20% minority stake in Super Media Group. It also acquired the
long-term publishing rights to ten previously published titles, including
Heavenly Bodies, Placid Plastic Duck Simulator and Spiritfall. The Group's
strong cash balance continues to provide optionality for further activity
going forward.

 

The new release line up for 2026 is set to be one of everplay's most exciting
and extensive to date, including new instalments of first-party IP franchises
such as Hell Let Loose: Vietnam and Golf With Your Friends 2 as well as
significant new partnerships with platforms such as Netflix.

 

The Group expects to announce its full year results for FY 2025 in late March.

 

Mikkel Weidder, Group Chief Executive Officer, commented:

 

"I am delighted to be starting my tenure as Group CEO at such an exciting time
for everplay. The Group delivered strong growth in adjusted EBITDA in FY 2025,
and its acquisition strategy is gaining positive traction, with more to come.

 

"I am very excited about the outlook for the Group in FY 2026, supported by an
exceptional new release schedule, new partnerships and our dependable back
catalogue. I am enjoying getting to know the talented, passionate and
committed teams at everplay, and look forward to meeting and updating all our
key stakeholders on the Group's progress in due course."

 

(1)Company-compiled consensus shows FY 2025 revenues of £173.6 million and
adjusted EBITDA of £48.5 million.

(2)https://www.londonstockexchange.com/news-article/EVPL/acquisition-and-strategic-partnership/17368435

 

 

Enquiries:

 

 everplay group plc                                                      ir@everplaygroupplc.com (mailto:ir@everplaygroupplc.com)

 Mikkel Weider, Chief Executive Officer

 Rashid Varachia, Chief Financial Officer and Chief Operating Officer

 James Targett, Group Investor Relations Director

 Peel Hunt (Nominated Advisor and Joint Corporate Broker)                +44 (0)20 7418 8900

 Neil Patel / Benjamin Cryer / Kate Bannatyne

 Jefferies International Limited (Joint Corporate Broker)                +44 (0)20 7029 8000

 Philip Noblet / Will Brown

 Vigo Consulting (Financial Public Relations)                            +44 (0)20 7390 0233

 Jeremy Garcia / Fiona Hetherington

 everplay@vigoconsulting.com (mailto:everplaygroup@vigoconsulting.com)

 

 

About everplay group plc

everplay group plc (formerly Team17 Group plc) is an award winning and leading
global indie games label developer and publisher of premium video games and
apps, comprising three distinct divisions: Team17, astragon and StoryToys.
Team17 is a games developer, publisher and creative partner for indie
developers around the world, known for iconic IP such as Hell Let Loose, Worms
and Overcooked!. astragon is a leading games publisher, developer and
distributor of sophisticated working simulation games, including Construction
Simulator and Police Simulator, targeting a broad audience from young
enthusiasts to technical experts and casual gamers. Story Toys is a
world-class developer and publisher of educational entertainment apps,
bringing the world's most popular characters, worlds and stories to life for
children under the age of eight, with apps including Disney Colouring World
and LEGO® Bluey™.

 

Visit www.everplaygroupplc.com (http://www.everplaygroupplc.com/)  for more
information or follow us on LinkedIn: everplay group plc
(http://www.linkedin.com/company/everplay-group-plc)

 

 

 

 

 

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