1HFY26 Media Release
| Stock | Playside Studios Ltd (PLY.ASX) |
|---|---|
| Release Time | 24 Feb 2026, 8:26 a.m. |
| Price Sensitive | Yes |
PlaySide Studios Announces 1HFY26 Results
- Revenue of $20.4m, down 28% YoY
- EBITDA of $9.5m, up from $3.0m loss
- NPAT of $7.9m, up from $5.3m loss
PlaySide Studios has announced its results for the half year ended 31 December 2025. The company reported revenue of $20.4m, down 28% from the prior corresponding period (pcp) of $28.5m. External Projects revenue was $14.8m, down 20% from pcp, while Original IP revenue was $5.6m, down 43% from pcp. However, the company achieved EBITDA of $9.5m, a significant improvement from the $3.0m loss in the pcp, and NPAT of $7.9m, up from a $5.3m loss in the pcp. Operating cash was $5.6m, up from $1.1m in the pcp. The company completed a $6.6m placement and $1.8m Share Purchase Plan at $0.20/share, and has a net cash balance of $14.0m (30 June 2025: $13.5m). It has also secured a $6.0m debt facility against a $7.8m FY25 DGTO claim. Operationally, the company's MOUSE: P.I. For Hire title saw a 20% increase in wishlists to 1.2m (currently 1.3m), but the PC/Console launch has been delayed until April 16 to permit further polish. The company has strengthened its publishing portfolio, secured exclusive rights to a MOUSE sequel, and signed a global publishing agreement with Swedish developer MVRX Games. The company has completed a restructure with cost savings running ahead of guidance, and is investing for expansion in External Projects, having hired three additional Business Development personnel across the UAE and Europe.
The company expects FY26 revenue to exceed FY25, with a reduction in operating costs. The much anticipated launch of MOUSE: P.I. for Hire is a major revenue event, and the company will provide greater clarity on the expected FY26 results shortly after the title's release.
PlaySide Studios is pivoting toward strategic investments that capitalise on a stabilising industry landscape, with recent business development hires and the signing of new publishing agreements. The company believes the final period of refinement for MOUSE: P.I. for Hire is essential to delivering the experience its audience anticipates, and remains a primary catalyst for H2 FY26 revenue.