EMBRACER GROUP FULL YEAR 2025/26 ANNUAL REPORT HIGHLIGHTS PUBLISHED

[ 18 June 2026 ]

Embracer Group reported net sales of SEK 15.9 billion and adjusted EBIT of SEK 905 million for FY 2025/26 (April 2025-March 2026). Free cash flow amounted to SEK 50 million and the group ended the year with a net cash position of SEK 3.8 billion. During the year, Embracer continued portfolio rationalisation through cost reduction measures, divestments and organisational changes, including the planned spin-off of Coffee Stain Group. EBIT was affected by SEK 7.4 billion of non-cash impairments, primarily relating to goodwill and intangible assets.

Embracer now intends to separate into two listed companies. Fellowship Entertainment will hold a portfolio of entertainment properties, including Tomb Raider, while the remaining Embracer business will operate as a separate games company. From FY 2026/27, Embracer will introduce Cash EBIT alongside Adjusted EBIT as a primary profitability measure.

Tomb Raider is included within the planned Fellowship Entertainment entity, alongside Middle-earth Enterprises, Metro, Kingdom Come Deliverance, Dead Island, Darksiders and Remnant. Embracer reported continued catalogue performance from Tomb Raider during FY 2025/26.

The group's release schedule for FY 2026/27 includes Tomb Raider Legacy of Atlantis and Metro 2039. Tomb Raider Catalyst was referenced as part of Fellowship Entertainment's future pipeline of major releases.

Embracer Group