The Board of Directors of M.O.B.A. Network resolves on non-cash impairment of intangible assets
The Board of Directors of M.O.B.A. Network resolves on non-cash impairment of intangible assets
M.O.B.A. Network AB (publ) has today resolved on impairment write-downs of intangible assets of SEK 149.9 million in the third quarter of 2026, in accordance with IFRS. The write-downs are non-cash, of a one-time nature and do not affect the company’s cash flow or EBITDA.
Following the 2026 Annual General Meeting in June, the newly elected Board of Directors has conducted a thorough review of all of the Group’s assets, with the aim of ensuring that the balance sheet reflects a realistic view of the businesses’ future cash flows. The review included updated forecasts for each business, based on current trends in traffic, user activity and the advertising market.
Based on this review, the Board has decided to write down goodwill and other intangible assets related to the following businesses:
· Wargraphs (Porofessor, League of Graphs): SEK 90.8 million
· CriticalClick: SEK 38.7 million
· ResetEra: SEK 9.4 million
· MMORPG.com: SEK 11.0 million
The main reason for the write-downs is lower forecast cash flows than when the assets were acquired. This reflects lower user activity in some of the gaming ecosystems on which our services depend, as well as a weaker development for parts of our web portfolio. Deferred tax income of SEK 10.5 million has been recognised, and the impact on net profit after tax amounts to SEK 139.4 million.
In accordance with IFRS, the impairment tests are based on the businesses in their current form. They do not take into account new products, new services or other initiatives that the company may develop going forward. The write-downs therefore reflect how the existing assets have developed, not the Board’s view of the Group’s ability to develop the assets further or to create new products.
“The new Board has wanted to start with a clear and conservative view of what our assets are worth in their current form. This gives us a solid foundation to build from as we focus on profitability and on developing both our existing businesses and new products,” says David Nylén, Chairman of the Board.
Following the write-downs, the Group’s equity amounts to SEK 98.8 million, corresponding to an equity ratio of 34 percent.
The write-downs are presented in the interim report for the third quarter of 2026, which is published on 12 November 2026.