Financials GDEV Inc.

Stocks

Market Closed - Nasdaq Other stock markets 16:30:00 2026-07-20 EDT			5-day change	1st Jan Change
11.94 ^USD	+1.54%		-2.91%	-20.39%

03-31	GDEV Inc. Reports Earnings Results for the Full Year Ended December 31, 2025	CI
03-16	Andrey Fadeev agreed to acquire an additional 15.06% stake in GDEV Inc. from Boris Gertsovskiy for $20 million.	CI

Fiscal Period: December	2021	2023	2024	2025	2026	2027
Net sales ¹	434.1	-	420.9	404	428	465
Change	-	-	-	-4.02%	5.94%	8.64%
EBITDA ¹	4.722	-	42	79	105.8	124.3
Change	-	-	-	88.1%	33.92%	17.49%
EBIT ¹	2.182	-	40.5	71.13	97.4	115.9
Change	-	-	-	75.65%	36.93%	18.99%
Interest Paid	-	-	-3.843	-	-	-
Earnings before Tax (EBT) ¹	-116.3	-	30.04	74.7	101.4	119.9
Change	-	-	-	148.63%	35.75%	18.24%
Net income ¹	-117.5	46.12	25.53	69.33	88.22	104.3
Change	-	-	-44.63%	171.52%	27.24%	18.24%
Announcement Date	4/29/22	3/29/24	3/31/25	3/5/26	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	-	115.2	106	111	98	97	119.9	98	90	99	115	109	112
Change	-	-	-7.97%	4.72%	-11.71%	-1.02%	23.62%	-18.27%	-8.16%	10%	16.16%	-5.22%	2.75%
EBITDA ¹	-	9.4	16	16	12	16	22	26	15	18	25.95	31.8	31.5
Change	-	-	70.21%	0%	-25%	33.33%	37.5%	18.18%	-42.31%	20%	44.17%	22.54%	-0.94%
EBIT ¹	-	-	15.02	14.65	8.912	13.91	18.64	24.89	13.7	14.45	23.85	29.7	29.4
Change	-	-	-	-2.51%	-39.16%	56.04%	34.04%	33.52%	-44.95%	0%	65.05%	24.53%	-1.01%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	15.7	16.07	-1.165	15.59	18.22	25.71	15.17	15.45	24.85	30.7	30.4
Change	-	-	-	2.37%	-107.25%	1,438.2%	16.88%	41.12%	-40.99%	0%	60.84%	23.54%	-0.98%
Net income ¹	-20.01	-	14.71	15	-2.357	14.25	17.44	24	14.32	17	21.62	26.71	26.45
Change	-	-	-	1.95%	-115.71%	704.71%	22.37%	37.61%	-40.33%	18.72%	27.18%	23.54%	-0.98%
Announcement Date	9/22/21	11/17/21	9/4/24	11/14/24	3/31/25	5/16/25	9/2/25	11/24/25	3/5/26	5/19/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021	2023	2024	2025	2026	2027
Net Debt	-143	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	4/29/22	3/29/24	3/31/25	3/5/26	-	-

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	0.147	1.099	0.994	0.739	0.343	0.311
Change	-	647.62%	-9.55%	-25.65%	-53.59%	-9.33%
Free Cash Flow (FCF) ¹	122.5	208.7	67.72	-4.718	7.227	18.93
Change	-	70.4%	-67.55%	-106.97%	253.19%	161.94%
Announcement Date	7/30/21	4/29/22	6/26/23	4/29/24	3/31/25	3/31/26

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	1.09%	-	-	9.98%	19.55%	24.72%	26.73%
EBIT Margin (%)	-	0.5%	-	-	9.62%	17.61%	22.76%	24.92%
EBT Margin (%)	-	-26.8%	-	-	7.14%	18.49%	23.69%	25.78%
Net margin (%)	-	-27.06%	-	-	6.07%	17.16%	20.61%	22.43%
FCF margin (%)	-	24.05%	-	-	-	-	-	-
FCF / Net Income (%)	-	-88.9%	-	-	-	-	-	-
Profitability
ROA	-0.47%	0.52%	16.18%	7.46%	8.54%	17.6%	-	-
ROE	-0.88%	89.33%	-4.78%	-37.1%	-25.36%	-72.18%	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	0.25%	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	23.27%	-	-	-	-	-	-
CAPEX / FCF (%)	-	1.05%	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	5.75	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-8.197	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	-	-	-	2.3	1.38	3.77	4.4	5.21
Change	-	-	-	-	-40%	173.19%	16.71%	18.41%
Nbr of stocks (in thousands)	-	19,652	-	19,743	18,106	18,130	18,150	18,150
Announcement Date	-	4/29/22	-	3/29/24	3/31/25	3/5/26	-	-