• Revenue down 28% to $20.4m, mainly due to lower Original IP and Work-for-Hire revenue
• EBITDA up $12.4m to $9.5m, driven by reduced expenses
• Net cash position of $14.0m, up $0.5m from June 2025

PlaySide Studios Limited reported its financial results for the half-year ended 31 December 2025. Total revenue and other income declined 2% to $28.6m, with sales revenue down 28% to $20.4m. This was mainly due to lower revenue from original IP ($3.8m decrease) and work-for-hire projects ($4.2m decrease) compared to the prior corresponding period. However, other income increased significantly by $7.6m, largely reflecting the recognition of a $7.8m Digital Games Tax Offset claim. Reported EBITDA improved by $12.4m to $9.5m, driven by a $6.7m reduction in employee benefits expenses and a $3.9m decrease in general and administrative costs. The company ended the half-year with a net cash position of $14.0m, up $0.5m from June 2025, after investing $12.6m in game development and receiving $7.5m from capital raising activities. There were no significant changes in the company's operations during the period.