M.O.B.A. Network

The Board of Directors of M.O.B.A. Network resolves on non-cash impairment of intangible assets

Källa: MFN
Negativ

Sammanfattning

M.O.B.A. Network genomför en icke-kassaflödespåverkande nedskrivning av immateriella tillgångar om 149,9 MSEK i Q3 2026. Nedskrivningen baseras på en översyn av tillgångarnas värde givet lägre prognostiserade kassaflöden.

Analys

Den nya styrelsen har genomfört en översyn av tillgångarna, vilket resulterat i en nedskrivning av goodwill och andra immateriella tillgångar relaterade till Wargraphs, CriticalClick, ResetEra och MMORPG.com. Orsaken är lägre prognostiserade kassaflöden än vid förvärvstillfället, kopplat till minskad användaraktivitet och en svagare utveckling för delar av webbportföljen. Nedskrivningen påverkar inte kassaflödet eller EBITDA, men minskar nettoresultatet med 139,4 MSEK efter skatt. Bolagets eget kapital uppgår efter nedskrivningen till 98,8 MSEK, vilket ger en soliditet på 34 procent.

VD-ord

försiktig · PDF

Styrelsen har genomfört en nedskrivning av immateriella tillgångar om 149,9 MSEK på grund av lägre prognostiserade kassaflöden. Detta ger en konservativ grund för framtida lönsamhet och produktutveckling.

Nyckeltal

Nedskrivning av immateriella tillgångar
149,9 MSEK
Påverkan på nettoresultat efter skatt
139,4 MSEK
Eget kapital efter nedskrivning
98,8 MSEK
Soliditet
34%

Insikter

  • • Nedskrivningen reflekterar en omvärdering av tidigare förvärv baserat på nuvarande marknadsförhållanden.
  • • Fokus ligger på lönsamhet och utveckling av befintliga samt nya produkter.
  • • IFRS-regler gör att nedskrivningen inte tar hänsyn till framtida produktutveckling.
Fundamental påverkan
Neutral

Nedskrivningen minskar det redovisade egna kapitalet men påverkar inte kassaflödet eller den löpande verksamhetens lönsamhet (EBITDA).

Omfattning: 5/10Materiell påverkan
0 · Ingen påverkan10 · Avgörande påverkan

Poängen visar omfattning, inte förväntad kursrörelse.

M.O.B.A. Network AB (publ) has today resolved on impairment write-downs of intangible assets of SEK 149.9 million in the third quarter of 2026, in accordance with IFRS. The write-downs are non-cash, of a one-time nature and do not affect the company’s cash flow or EBITDA.

M.O.B.A. Network AB (publ) has today resolved on impairment write-downs of intangible assets of SEK 149.9 million in the third quarter of 2026, in accordance with IFRS. The write-downs are non-cash, of a one-time nature and do not affect the company’s cash flow or EBITDA.

Following the 2026 Annual General Meeting in June, the newly elected Board of Directors has conducted a thorough review of all of the Group’s assets, with the aim of ensuring that the balance sheet reflects a realistic view of the businesses’ future cash flows. The review included updated forecasts for each business, based on current trends in traffic, user activity and the advertising market.

Based on this review, the Board has decided to write down goodwill and other intangible assets related to the following businesses:· Wargraphs (Porofessor, League of Graphs): SEK 90.8 million· CriticalClick: SEK 38.7 million· ResetEra: SEK 9.4 million· MMORPG.com: SEK 11.0 million

The main reason for the write-downs is lower forecast cash flows than when the assets were acquired. This reflects lower user activity in some of the gaming ecosystems on which our services depend, as well as a weaker development for parts of our web portfolio. Deferred tax income of SEK 10.5 million has been recognised, and the impact on net profit after tax amounts to SEK 139.4 million.

In accordance with IFRS, the impairment tests are based on the businesses in their current form. They do not take into account new products, new services or other initiatives that the company may develop going forward. The write-downs therefore reflect how the existing assets have developed, not the Board’s view of the Group’s ability to develop the assets further or to create new products.

“The new Board has wanted to start with a clear and conservative view of what our assets are worth in their current form. This gives us a solid foundation to build from as we focus on profitability and on developing both our existing businesses and new products,” says David Nylén, Chairman of the Board.

Following the write-downs, the Group’s equity amounts to SEK 98.8 million, corresponding to an equity ratio of 34 percent.The write-downs are presented in the interim report for the third quarter of 2026, which is published on 12 November 2026.

ContactsBjörn Mannerqvist, CEOinfo@wearemoba.comhttps://wearemoba.comCertified Adviser - FNCA Sweden AB

About M.O.B.A. NetworkM.O.B.A. Network owns and operates a diversified portfolio of gaming community platforms and in-game apps, with a vision to become the go-to destination for gamers and creators worldwide. Engaging millions of users across the worldʼs most popular games, the company monetizes its platforms primarily through advertising, with an increasing share of subscription-based revenue. Headquartered in Stockholm, Sweden, M.O.B.A. Network is publicly listed on Nasdaq First North Growth Market under the ticker 'MOBA'.

For more information, please visit wearemoba.com

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This information is information that M.O.B.A. Network is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-11-09 21:20 CET.

AttachmentsThe Board of Directors of M.O.B.A. Network resolves on non-cash impairment of intangible assets

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