The Group posted its highest quarterly revenue in Q1 2025. The strong top-line performance is translated into much-improved financial performance for Q1 2025 as compared to Q1 2024.
(Thousands SEK) | Jan-Mar 25 | Jan-Mar 24 | % movement | FY 24 |
Revenue | 37,745 | 16,073 | ▲ 135% | 92,061 |
EBITDA | 5,323 | (448) | ▲ 1288% | 5,894 |
Operating Loss | (787) | (4,762) | ▲ 83% | (16,921) |
Loss for the period | (946) | (7,425) | ▲ 87% | (22,130) |
Total assets | 80,450 | 79,616 | ▲ 1% | 81,933 |
Net assets | 40,843 | 45,016 | ▼ 9% | 37,280 |
Loss per share, SEK | (0.00) | (0.05) | ▲ 93% | (0.09) |
Total number of shares | 286,647,906 | 158,290,057 | ▲ 81% | 286,647,906 |
Average number of shares | 286,647,906 | 158,290,057 | ▲ 81% | 239,173,085 |
SIGNIFICANT EVENTS DURING THE FIRST QUARTER OF 2025
- At the Extraordinary General Meeting held on 17 January 2025, it was resolved to change the Company’s name to EMB Mission Bound AB (publ), which has now been formally registered with the Swedish Companies Registration Office.
- On 1 January 2025, the Group entered into a new 3-year lease agreement for the new office space in Malaysia, resulting in the recognition of lease assets and lease liabilities amounting to SEK 2,278k respectively.
- A new and improved EMB RGS platform which was developed out of the Taiwan office went live in February 2025.
- On 4 March 2025, the Group signed Letter of Intent (“LOI”) for the acquisition of strategic assets and business from the Confetti Group with an indicative purchase price of USD 375k, which will be paid in the form of newly issued shares in EMB Mission Bound.
- Appointed Richard Hau as Chief Operating Officer to drive vision for connected entertainment.
- On 17 March 2025, the Group and Confetti Group signed the Business Transfer Agreement (“BTA”), which aligned with the LOI signed on 4 March 2025. The purchase price is SEK 3,807k (USD 375k) which will be paid in the form of a promissory note, that will immediately be set-off against 10,372,633 newly issued shares in EMB Mission Bound (“Set-off Issue”).
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
- The Set-off Issue was completed on 2 April 2025, and this has resulted in the number of shares in EMB Mission Bound to increase from 286,647,906 to 297,020,539, and the share capital to increase from SEK 5,732,958 to SEK 5,940,411 accordingly.
A WORD FROM THE CEO
Dear Shareholders,
As we step into 2025, I am pleased to share a strong and strategic start to the year for EMB Mission Bound. We continued to execute our transformation strategy with focus, pace, and precision. Key milestones this quarter further validate our direction and lay the groundwork for sustained, long-term growth.
A major technological advancement came with the successful launch of our new and improved EMB Remote Gaming Server (RGS) platform in February 2025. Developed by our dedicated team in Taiwan, this new generation platform delivers enhanced performance, reliability, and modular scalability, reinforcing our product leadership and our commitment to innovation.
During the quarter, we also completed the acquisition and integration of Confetti Group, a strategic move that expands our IP portfolio, enhances our development capabilities, and strengthens our end-to-end gaming ecosystem.
To support the next phase of our operational evolution, we were also pleased to appoint Richard Hau as Chief Operating Officer during the quarter. Richard brings deep domain expertise and will play a critical role in accelerating our vision for connected entertainment and integrated digital ecosystems.
Our first-quarter financial results demonstrate strong momentum and continued operational improvement. We delivered substantial year-over-year growth in revenue and achieved a positive EBITDA, reflecting the impact of increased scale and improved cost efficiency. These results reaffirm the effectiveness of our strategy and the solid foundation we are building for long-term success.
Together, these developments mark a transformative start to 2025. The integration of Confetti Group, and the next-gen EMB RGS platform all serve to strengthen our ecosystem and reinforce our competitive position in the digital gaming sector.
With this momentum, we remain focused on executing our strategy with discipline, enhancing shareholder value, and delivering seamless digital experiences to our global partners and players.
Stockholm, May 23 2025
Chi Ho Li
CEO
FUTURE REPORTING DATES
AGM May 30, 2025
Q2 2025 August 22, 2025
Q3 2025 November 21, 2025
Q4 2025 March 20, 2026
All financial reports are published on the company’s website, www.embplc.com.
For more information
Andrea Wang
Senior Communications Manager
EMB Mission Bound AB
[email protected]
www.embplc.com
The Company’s Certified Advisor
Corpura Fondkommission AB
About the Company
Founded in 2019 and formerly known as LL Lucky Games, EMB Mission Bound is pioneering a new era of connected entertainment. Focused on the gaming industry, we aim to connect businesses, their customers, and the excitement of play in innovative and transformative ways. The company is listed on the Nasdaq First North Growth Market under the ticker symbol EMB. For more information, please visit: www.embplc.com
This information is information that EMB Mission Bound AB 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 2025-05-23 10:00 CEST.