• Revenue of $20.4m, down 28% on pcp
• EBITDA of $9.5m, significant improvement from $3.0m loss in pcp
• NPAT of $7.9m, turnaround from $5.3m loss in pcp
• Net cash balance of $14.0m, up from $13.5m at 30 June 2025

PlaySide Studios has reported its 1HFY26 results, with revenue of $20.4m, down 28% on the prior corresponding period. This was driven by a 20% decline in External Projects revenue to $14.8m and a 43% decline in Original IP revenue to $5.6m, as the company did not launch any new Original IP titles during the period. Despite the revenue decline, the company achieved a significant improvement in profitability, with EBITDA of $9.5m compared to a $3.0m loss in the prior period. This was driven by a reduction in headcount costs, lower marketing spend, and a $7.8m uplift from the Digital Games Tax Offset. NPAT was $7.9m, a turnaround from the $5.3m loss in the prior period.The company's balance sheet remains strong, with a net cash balance of $14.0m as at 31 December 2025, up from $13.5m at 30 June 2025. This was supported by a $7.9m capital raising and a $6m debt facility secured against the company's FY25 Digital Games Tax Offset claim.PlaySide has completed its restructuring, with headcount now at 261, down from a peak of 363. The company is investing in its External Projects business, with several new senior hires, and has secured exclusive rights to a MOUSE sequel. The highly anticipated MOUSE: P.I. For Hire title is on track for launch on 16 April 2026, with a strong pre-launch marketing campaign underway.

FY26 revenue to exceed FY25, with a reduction in operating costs. The company will provide an update on guidance shortly after the launch of MOUSE: P.I. For Hire.

PlaySide is strengthening its Business Development effort with a focus on External Projects deal flow. The launch of MOUSE: P.I. For Hire in April 2026 is expected to be a major driver of 2HFY26 revenue.