Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr2.28, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 23x in the Entertainment industry in Sweden. Total loss to shareholders of 49% over the past three years. Announcement • Jun 16
Nitro Games Receives Approx. EUR 0.3 Million Funding From Business Finland Nitro Games has received a positive decision from Business Finland to receive approximately EUR 0.3 million of funding for a Business development project. Business Finland has approved the total cost estimate of EUR 876,909 for a Business development project. This positive decision on funding from Business Finland is a maximum of EUR 306,918 (35% of approved total costs for the project). The estimated project duration is May 1, 2026 – June 30, 2027. The funding will be in the form of a grant. The approved funding is to be received against reports of project progress during the project. The project is closely tied to Nitro Games’ strategy and the development of the game portfolio. The project supports further development of the technology and business models associated with the game portfolio. Business Finland is a government agency and an accelerator of global growth. Business Finland creates new growth by helping businesses go global and by supporting and funding innovations. Business Finland was created on January 1, 2018 by the merger of two organizations: Finpro, which offered services for internationalization, investments and tourism promotion, and Tekes, which offered funding for innovation activities. Business Finland aims to develop Finland to be the most attractive and competitive innovation environment in which companies are able to grow, change, and succeed. Announcement • May 23
Nitro Games Announces Warhammer 40,000: Boltgun Boom Coming to Mobile Nitro Games announced Warhammer 40,000: Boltgun Boom coming to mobile in 2026. Pre-registration now open for a shooter mobile game based on the Warhammer 40,000 universe by Games Workshop. The crusade comes to mobile in this new adaptation of the smash hit boomer shooter series originally developed by Auroch Digital for PC and console platforms. Purge with speed and strike with precision in this premium retro FPS featuring different chapters of the Boltgun series. Pre-registration is now open on both Apple App Store and Google Play. The game is set for release in 2026. 
