- The bulk of the loss was due to goodwill, which totaled $211 million.
- Other acquisition-related intangible assets suffered a loss of $42 million.
- This impairment represents approximately 20% of Stillfront’s total goodwill and intangible assets.
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Swedish games company Stillfront Group has disclosed a non-cash loss of SK2,258 million ($253m) related to goodwill and other acquisition-related intangible assets.
The loss follows the company’s annual impairment test and is primarily attributable to operations in Europe and North America.
Of the total charge, GBP 1,884m ($211m) related to goodwill, while GBP 374m ($42m) related to other acquisition-related intangible assets.
The write-down represents approximately 20% of Stillfront’s total goodwill and intangible assets before impairment. The company said the adjustment will not have any impact on cash flow or daily operations.
decline in revenue
According to the publisher’s preliminary full-year results, Stillfront’s net revenue fell to SK 1,356m ($152m) from SK 1,660m ($186m) a year earlier, reflecting an organic decline of 9.4%.
Stillfront said the decrease was due to weak performance in Europe and North America, partially offset by strong results in the MENA and APAC business regions.
Furthermore, gross profit reached SK 1,122 million ($125 million), improving gross margin by 83%. Adjusted EBITDA fell 10% year-on-year to SK 368m ($41.2m), although margins expanded 27%. Free cash flow amounted to SK 290 million ($32.5m).
Stillfront’s full year-end report for 2025 is due to be released on 4 February 2026.