Eng Maxent 2026 Q2 Report Vf
Maximum Entertainment Interim Report Q2 2026
2026-08-31 07:30:00
Stockholm, Sweden (August 31, 2026) – Maximum Entertainment AB (Nasdaq: MAXENT B) today released its interim report for the second quarter of 2026.
Second quarter, April-June 2026 (Compared to April-June 2025)
- Net sales amounted to 12.1 (13.7) MEUR.
- Gross margin amounted to 30 (32)%.
- Adjusted EBITDA amounted to 1.19 (1.11) MEUR.
- Earnings per share amounted to -0.13 (-0.12) EUR.
- Cash flow from operating activities amounted to -1.6 (-0.2) MEUR.
- The number of employees stood at 86 (118) at the end of the period.
- Discussions have continued with our financial partners, and the company is still depending on additional financing to support its business activities going forward.
First half year, January-June 2026 (Compared to January-June 2025)
- Net sales amounted to 22.8 (28.7) MEUR.
- Gross margin amounted to 30 (28)%.
- Adjusted EBITDA amounted to 1.12 (0.92) MEUR.
- Earnings per share amounted to -0.17 (-0.28) EUR.
- Cash flow from operating activities amounted to -2.3 (-2.1) MEUR.
| Key Performance Indicators Q2 2026 KEUR | 2026-04-01 2026-06-30 | 2025-04-01 2025-06-30 | 2026-01-01 2026-06-30 | 2025-01-01 2025-06-30 | 2025-01-01 2025-12-31 |
| Net Sales | 12 058 | 13 702 | 22 756 | 28 708 | 62 050 |
| Share of revenue derived from Owned IP | 6% | 8% | 7% | 7% | 6% |
| Gross Margin | 30% | 32% | 30% | 28% | 25% |
| Adjusted EBITDA | 1 187 | 1 110 | 1 120 | 922 | 1 434 |
| Adjusted EBITDA Margin | 10% | 8% | 5% | 3% | 2% |
| EBITDA | -565 | 569 | -778 | -557 | -1 204 |
| EBITDA Margin | -5% | 4% | -3% | -2% | -2% |
| Adjusted EBIT | -2 914 | -1 201 | -4 211 | -2 992 | -20 559 |
| Adjusted EBIT Margin | -24% | -9% | -19% | -10% | -33% |
| EBIT | -4 667 | -1 742 | -6 108 | -4 471 | -78 234 |
| EBIT Margin | -39% | -13% | -27% | -16% | -126% |
| Total Headcount | 86 | 118 | 86 | 118 | 98 |
Significant events during the quarter
- Olivine Holdings, LLC announced a cash takeover bid to the shareholders of Maximum Entertainment AB to tender all shares in Maximum Entertainment to Olivine Holdings.
- Cathay Bank notified intention to seek appointment of receiver over U.S. subsidiary.
- Maximum Entertainment’s Board of Directors engaged Redeye to issue a fairness opinion regarding the public cash offer from Olivine Holdings, LLC.
- Cathay Bank filed a complaint with the Superior Court of the State of California against the company’s U.S. subsidiary, Maximum Entertainment, LLC, dated April 21, 2026.
- The Board of Directors of Maximum Entertainment recommended that the shareholders of Maximum Entertainment accept the public offer from Olivine Holdings of SEK 0.30 in cash per share. Board member Bob Blake recorded a dissenting opinion as expressed in the press release dated May 6, 2026.
- Maximum Entertainment received a provisional judicial pledge over shares in its French subsidiary, granted to Olivine Holdings LLC as security for claims under the Turning Rock Partners credit facility, and subsequently received a notice of default and enforcement of remedies under the credit agreement, including the potential exercise of lender rights and termination of previously granted waivers.
- It was resolved that the company should continue its operations, following the balance sheet prepared for liquidation purposes.
- On May 25, Olivine Holdings, LLC completed the public takeover offer, resulting in an ownership of 77% of the shares in Maximum Entertainment AB, and extended the acceptance period to June 8, 2026.
- The annual report for the financial year 2025 was published without the auditor’s report on 2 June, 2026.
- Board member Bob Blake resigned at his own request.
- Maximum Entertainment terminated its agreement with Pareto Securities AB as liquidity provider.
- The Annual Report for 2025 was published together with the auditor’s report on 11 June, 2026.
- Maximum Entertainment AB (publ) received a summons from the Stockholm District Court in connection with legal proceedings initiated by Olivine Holdings, LLC.
Significant events after the quarter
- The outcome of the arbitration proceedings regarding the earn-out dispute was announced.
- Maximum Entertainment’s U.S. subsidiary agreed to Cathay Bank’s request for the stipulation of a receiver.