Announcement • Apr 08
Trophy Games Development Appoints Asbjørn Malte Søndergaard to Its Board Trophy Games Development at its annual general meeting held on April 8, 2026, appointed new board member Asbjørn Malte Søndergaard. Announcement • Mar 21
TROPHY GAMES Development A/S, Annual General Meeting, Apr 08, 2026 TROPHY GAMES Development A/S, Annual General Meeting, Apr 08, 2026, at 16:00 Romance Standard Time. Location: mikkel bryggers gade 4, 2nd floor, 1460 copenhagen k., Denmark Announcement • Jan 23
Trophy Games Development A/S Announces Key Milestones for the Ranchers Trophy Games Development A/S share a significant update regarding the highly anticipated open-world country-life sim, As a cornerstone of premium publishing The Ranchers. strategy, now able to confirm the roadmap for its market entry. "The Ranchers" has been officially selected to participate in the upcoming Steam Next Fest in. This event is one of the most important marketing windows on the Steam platform, February 2026 providing hundreds of thousands of players the opportunity to play a public demo, livestream gameplay, and further increase the game's wishlist count. With over already secured, participation in Next Fest is expected to significantly 350,000 wishlists amplify this momentum, ensuring a high-impact conversion funnel ahead of the official launch. The Early Access launch for 'The Ranchers' is set for following the exposure from Next Fest, Second Quarter 2026 and is expected to follow an anticipated feature in the Triple-I showcase. This date has been strategically chosen to ensure the game meets the high-quality standards expected of a premium title while allowing the development team at RedPilz Studio to incorporate final feedback from the February demo. The Early Access period will serve as the primary revenue-generating phase for the PC version, followed by a full release with more features. Announcement • Jan 02
Trophy Games Development A/S Raises Earnings Guidance for the Year 2025 TROPHY GAMES Development A/S raised earnings guidance for the year 2025. For the year, the company now expects revenue to be in the range of DKK 125 million to DKK 126 million against previous guidance of DKK 115 million to DKK 121 million. Trophy Games has raised its 2025 financial guidance, spurred by strong, better-than-expected preliminary results for the fourth quarter. Normally, the company has paused marketing during the last week of October and resumed it in January due to higher advertising costs. However, with the introduction of Applovin into the marketing network, the company has been able to maintain user acquisition throughout fourth quarter. Announcement • Apr 25
Arbejdsmarkedets Tillægspension (Atp) acquired approximately 10.50% stake in TROPHY GAMES Development A/S (CPSE:TGAMES) from Johnny Laursen. Arbejdsmarkedets Tillægspension (Atp) acquired approximately 10.50% stake in TROPHY GAMES Development A/S (CPSE:TGAMES) from Johnny Laursen on April 24, 2025.
John Norden of Norden Cef Aps acted as financial advisor for TROPHY GAMES Development A/S.
Arbejdsmarkedets Tillægspension (Atp) completed the acquisition of approximately 10.50% stake in TROPHY GAMES Development A/S (CPSE:TGAMES) from Johnny Laursen on April 24, 2025. Announcement • Mar 18
TROPHY GAMES Development A/S, Annual General Meeting, Apr 08, 2025 TROPHY GAMES Development A/S, Annual General Meeting, Apr 08, 2025, at 17:00 Romance Standard Time. Location: mikkel bryggers gade 4, 2nd floor, 1460 copenhagen k., Denmark Reported Earnings • Oct 25
Third quarter 2024 earnings released Third quarter 2024 results: kr.5.04 loss per share. Revenue: kr.24.7m (up 56% from 3Q 2023). Net loss: kr.2.78m (down kr.3.36m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 06
Trophy Games Development Revises Earnings Guidance for the Full Year 2024 Trophy Games Development revised earnings guidance for the full year 2024. For the year, the company expects revenue of DKK 81 million to DKK 88 million against previous revenue guidance range of DKK 72 million to 80 million. Announcement • Aug 09
Trophy Games Development A/S Provides Earnings Guidance for the Full Year 2024 Trophy Games provides earnings guidance for the full year 2024. For the year, the company expects revenue of DKK 72 million to DKK 80 million. Announcement • Jul 20
TROPHY GAMES Development A/S Appoints Aran Taghizadeh as Chief Financial Officer, Effective September 1, 2024 TROPHY GAMES Development A/S appointed Aran Taghizadeh as Chief Financial Officer. Aran joins Trophy from his role as Associate Manager in CFO-Service at PwC, where he specialized in finance consulting. He also brings over 8 years of auditing experience from his previous positions at Sampension and BuusJensen where he served as Senior Auditor and Auditor. Aran will start in his new role on September 1, 2024. Announcement • Jun 13
Trophy Games Revises Earnings Guidance for the Full Year 2024 Trophy Games revised earnings guidance for the full year 2024. For the year, the company expects revenue of DKK 72 million to DKK 80 million compared to previous guidance of DKK 66 million to DKK 74 million. Reported Earnings • Apr 26
First quarter 2024 earnings released First quarter 2024 results: EPS: kr.3.72. Revenue: kr.19.9m (up 77% from 1Q 2023). Net income: kr.2.05m (up kr.1.78m from 1Q 2023). Profit margin: 10% (up from 2.4% in 1Q 2023). New Risk • Apr 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €285.5k (US$303.8k) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€285.5k market cap, or US$303.8k). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Announcement • Apr 05
TROPHY GAMES Development A/S Revises Earnings Guidance for the Financial Year 2024 TROPHY GAMES Development A/S revised its earnings guidance for the financial year 2024. For the year, the company now expects to report revenue between of DKK 63.0 million – DKK 71.0 million and EBT of DKK 5 million - DKK 8.0 million, compared with previous guidance of revenue between of DKK 59.0 million – DKK 68.0 million and EBT of DKK 2 million – EBT of DKK 6 million, respectively. Board Change • Mar 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Johan Eile was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 21
TROPHY GAMES Development A/S Welcomes Mikkel Weider to the Board of Directors TROPHY GAMES Development A/S announced the addition of Mikkel Weider, the former Founder and CEO of Nordisk Games, to its Board of Directors. Mikkel Weider's impressive career includes steering Nordisk Games to exceptional heights, from zero to 1,300 employees through savvy acquisitions and organic growth as Founder and CEO. He also founded the game company Art of Crime and has made impactful contributions to international internet ventures like Match.com and Bookatable.com as a Director. He has previously served on the boards of renowned gaming companies like Avalanche Studios, Supermassive, Star Stable, Nitro, Mercury Steam, Multiverse, Raw Fury, and Flashbulb. Announcement • Feb 23
TROPHY GAMES Development A/S, Annual General Meeting, Mar 20, 2024 TROPHY GAMES Development A/S, Annual General Meeting, Mar 20, 2024, at 17:00 Central European Standard Time. Location: Mikkel Bryggers Gade 4, 2nd floor Copenhagen K Denmark Agenda: To consider the report from the Board of Directors on the activities of the Company during the past year; to consider the presentation of the audited annual report for adoption; to consider the resolution on the allocation of profit or the treatment of loss according to the approved annual report; to consider the election of members to the Board of Directors; to consider the appointment of a state-authorized public accountant; to consider the proposals from the Board of Directors or the shareholders; and to consider the any other business. Announcement • Dec 14
Trophy Games Provides Earnings Guidance for the Full Year 2024 Trophy Games provided earnings guidance for the full year 2024. For the year, the company expects revenue of DKK 59 million to DKK 68 million. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr.15.9m (up 31% from 3Q 2022). Net income: kr.579.0k (up kr.1.61m from 3Q 2022). Profit margin: 3.7% (up from net loss in 3Q 2022). Announcement • Oct 18
TROPHY GAMES Development A/S Raises Earnings Guidance for the Full Year 2023 TROPHY GAMES Development A/S raised earnings guidance for the full year 2023. For the full year, the company now expects to report revenue between of DKK 51.0 million – DKK 56.0 million and EBT of DKK 0.5 million - DKK 5.0 million, compared with previous guidance of revenue between of DKK 46.0 million – DKK 55.0 million and LBT of DKK 0.5 million – EBT of DKK 4.5 million, respectively. Announcement • Aug 18
TROPHY GAMES Development A/S to Report Q3, 2023 Results on Nov 15, 2023 TROPHY GAMES Development A/S announced that they will report Q3, 2023 results on Nov 15, 2023 Announcement • Aug 17
Trophy Games Development A/S Provides Revenue Guidance for the Year 2023 TROPHY GAMES Development A/S provided revenue guidance for the year 2023. For the year, the company expects Group Revenue to be DKK 46 million- 55 million. Announcement • Jun 13
TROPHY GAMES Development A/S (CPSE:TGAMES) acquired Transit King Tycoon from Bon Games Oy for €0.18 million. TROPHY GAMES Development A/S (CPSE:TGAMES) acquired Transit King Tycoon from Bon Games Oy for €0.18 million on June 12, 2023. TROPHY GAMES Development A/S (CPSE:TGAMES) completed the acquisition of Transit King Tycoon from Bon Games Oy for €0.18 million on June 12, 2023. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: EPS: kr.0.49. Revenue: kr.11.3m (down 14% from 1Q 2022). Net income: kr.271.0k (up kr.1.32m from 1Q 2022). Profit margin: 2.4% (up from net loss in 1Q 2022). Announcement • Dec 21
TROPHY GAMES Development A/S Provides Revenue Guidance for the Year of 2023 and Sales Guidance for the Period of August 2023 to December 2023 TROPHY GAMES Development A/S provided revenue guidance for the year of 2023 and sales guidance for the period of August 2023 to December 2023. For the year, the company expected Revenue guidance DKK 56 million - DKK 65 million.For the period, the company expected sales guidance to be DKK 10 million. Announcement • Dec 02
TROPHY GAMES Development A/S Releases Their New Title Shipping Manager TROPHY GAMES Development A/S has just released Shipping Manager in 100+ countries on Android mobile and globally for PC. Shipping Manager is a new game in the Transport series. After the acquisition of Xombat in 2021 and their game Airline Manager, a game that has nine-doubled its revenue since the acquisition, it has been their plan to build a portfolio of games based on the Airline Manager code and game design. Shipping Manager is the first of these games. The company is excited about the prospects of this game in the light of Airline Managers revenue YTD by the end of September 2022 was DKK 19.3m. The plan is to polish the game over the next couple of months and then move the development team to the third transport game, Truck Manager. The production of the fourth transport game, Train Manager, has already begun. It is the goal in 2023 to have a big series of transport manager games both on mobile and PC based on the same code framework run by a relatively small team. They will be looking into opportunities for cross promotion and a shared user account between the games. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Pernille Norkaer was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 21
Trophy Games Development A/S Revises Earnings Guidance for the Full Year 2022 TROPHY GAMES Development A/S revised earnings guidance for the full year 2022. The company's revenue growth for 2022 vs 2021 expected to be between 16-23%, corresponding to DKK 48-51 million compared to latest guidance of DKK 70-80 million. Announcement • Aug 17
TROPHY GAMES Development A/S Provides Revenue Guidance for the Full Year 2022 TROPHY GAMES Development A/S provided revenue guidance for the full year 2022. The company maintains guidance of DKK 70 million to DKK 80 million in revenue for the full year of 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Pernille Norkaer was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 03
TROPHY GAMES Development A/S, Annual General Meeting, Mar 23, 2022 TROPHY GAMES Development A/S, Annual General Meeting, Mar 23, 2022, at 17:00 Central European Standard Time. Location: at Trophy Games office located at Mikkel Bryggers Gade 4, 2. floor, Copenhagen K Denmark Agenda: To consider the Election of the chairman of the meeting; to consider the Report from the Board of Directors on the activities of the Company during the past year; to consider the Resolution on the allocation of profit or the treatment of loss according to the approved annual report; to consider the Election of members to the Board of Directors; to consider the Election of a state authorized public accountant; and to consider Any other. Announcement • Feb 24
TROPHY GAMES Development A/S Provides Earnings Guidance for the Year 2022 TROPHY GAMES Development A/S provided earnings guidance for the year 2022. The company maintains guidance of DKK 70 million DKK 80 million revenue. Announcement • Dec 22
TROPHY GAMES Development A/S Provides Earnings Guidance for the Years 2021 and 2022 TROPHY GAMES Development A/S provided earnings guidance for the years 2021 and 2022. Full year revenue growth 2021 vs 2020 for game portfolio expected to be between 33% to 36%, corresponding to DKK 41.0 million to DKK 42.0 million compared to latest guidance of DKK 44.7 million.Full year revenue 2022 vs 2021 expected to be between DKK 70.0 million to DKK 80.0 million compared to DKK 77.9 million. Announcement • Dec 15
TROPHY GAMES Development A/S (CPSE:TGAMES) entered into an agreement to acquire Tiny Titans Studios from Jeff Evans and Jeff Evans Family Trust. TROPHY GAMES Development A/S (CPSE:TGAMES) entered into an agreement to acquire Tiny Titans Studios from Jeff Evans and Jeff Evans Family Trust on December 14, 2021. The purchase price will be paid fully in cash. Final closing is expected on the 31st of December 2021. Grant Thornton acted as advisor in the transaction. Executive Departure • Oct 12
Interim CFO Carina Vienberg has left the company On the 1st of October, Carina Vienberg's tenure as Interim CFO ended after less than a year in the role. We don't have any record of a personal shareholding under Carina's name. Carina is the only executive to leave the company over the last 12 months. 
