Company Announcement no. 35/2026 (January 02, 2026)

*Contains inside information

Trophy Games has raised its 2025 financial guidance, spurred by strong, better-than-expected preliminary results for the fourth quarter.

Normally, we have paused marketing during the last week of October and resumed it in January due to higher advertising costs. However, with the introduction of Applovin into our marketing network, we have been able to maintain user acquisition throughout Q4.

New Financial Guidance 2025:

RevenueDKK 125 - 126m
EBITDADKK 30 - 31m
EBTDKK 18 - 19m

Previous Financial Guidance 2025 (October 29th - Company Announcement no. 30/2025)

RevenueDKK 115m - 121m
EBITDADKK 23m - 28m
EBTDKK 11m - 16m

Original Financial Guidance 2025 (December 12th - Company Announcement no. 15/2024)

RevenueDKK 85m - 106m
EBITDADKK 16m - 20m
EBTDKK 6m - 9m

ContactsTrophy Games Development A/SSøren Gleie, CEOOffice (+45) 7172 7573Email: [email protected] Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark Certified AdviserNorden CEFJohn NordenEmail: [email protected] A/S Kongevejen 365, 2840 Holte, Denmark

About UsTrophy Games is a data- and business-driven game company with a no-bullshit mentality. We build games around real-world interests to immerse players in their passion online!

AttachmentsTrophy Games Raises Guidance for 2025