Everplay (LSE:EVPL) has reaffirmed its expectation of delivering full-year 2026 results in line with market forecasts after reporting a solid first-half trading performance.
The company continues to forecast FY26 revenue of £175.3 million, representing growth of 6%, while EBITDA is expected to increase 5% to £50.7 million. Management noted that a larger proportion of EBITDA is anticipated to be generated during the second half of the financial year.
Performance in the opening six months was supported by the launch of new titles, resilient sales from its established game portfolio and continued contributions from releases launched during FY25, alongside seasonal demand generated by summer promotions.
Hell Let Loose: Vietnam is now due to launch on August 13 after being postponed from its original June release date. Following a cross-platform playtest held last weekend, the company said wishlist and pre-order numbers are “highly encouraging.”
Most of Everplay’s key game launches are scheduled for the second half of the year. These include first-party releases Hell Let Loose: Vietnam and Bus Simulator 27, as well as third-party titles Wardogs and Silver Pines.
The company is currently valued at approximately 5.5x FY26 EV/EBITDA, compared with its historical average multiple in the mid-teens. Everplay also retains a net cash position and continues to prioritise investment in higher-return first-party intellectual property while maintaining its low-investment game development strategy.
Leave a Reply