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Year-End Report

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with quarterly report for the period 1 October 2019 to 31 December 2019

Full year 2019 in summary

  • Net sales amounted to 151,645 kSEK
  • Adjusted EBITDA amounted to 22,960 kSEK excluding non-recurring items of 19,862 kSEK
  • EBITDA amounted to 3,098 kSEK
  • Cash balance amounted to 105,740 kSEK
  • Net debt amounted to 126,372 kSEK
  • Equity amounted to 250,126 kSEK
  • Earnings per share amounted to -0,0009 SEK

Fourth quarter in summary

  • Sales amounted to 56,740 (66,460) kSEK
  • Adjusted EBITDA amounted to 4,613 kSEK, excluding non-recurring items of 22,000 kSEK
  • EBITDA amounted to -17 387 kSEK
  • Earnings per share amounted to -0,0008 (-0,0004) SEK

Fourth quarter in summary pro forma (including Sold Out)

  • Sales amounted to 155,000 kSEK
  • Adjusted EBITDA amounted to 14,000 kSEK, excluding non-recurring items of 22,000 kSEK
  • EBITDA amounted to -8,000 kSEK

Significant events during the fourth quarter

  • Management was strengthened with Christopher Bergstresser as COO and Andreas Jonsson as CTO.
  • Acquired Tangentix Ltd's assets for £ 50,000, thereby adding the Game Sessions game streaming service to its portfolio.
  • A new trailer for the game IGI: Origins was released.
  • Acquired the game publisher Sold Out, thus creating a full-service concept in the gaming market.
  • Acquired 100% of the rights to Project Osiris from Leyou.

Significant events after the fourth quarter

  • Signed agreement to place the title Descenders and another unpublished title.
  • Announced name change to Enad Global 7 (EG7) to clarify the new group structure.
  • Announced the vampire game EvilvEvil (Project Osiris).
  • The title Zombie Army 4: Dead War, published by the subsidiary Sold Out, was released.
  • The release date for Westmark Manor title was set to early summer 2020.

Comment from Robin Flodin, CEO of EG7:

“During the fourth quarter, our focus was on acquiring Sold Out and adding another business division with publishing, as well as the integration of Petrol. On a pro forma basis, our sales have gone from about SEK 15 million in Q4-2018 to SEK 155 million in Q4-2019, and from SEK 66 million in Q3-2019 to SEK 155 million in Q4-2019. Organic growth was down slightly, mainly due to the fact that partly Petrol has focused on working with Toadman's internal gaming projects and the name change to EG7. "

FOR MORE INFORMATION, PLEASE CONTACT:

Robin Flodin, CEO

Phone: +46 70 477 06 34

robin@enadglobal7.com

Alexander Albedj, Chairman

Phone: +46 76 221 30 75

alex@enadglobal7.com

ABOUT EG7

EG7 is a group of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs 100+ game developers and develops its own original IP:s, as well as act as consultants to other publishers around the world through its game development divisions Toadman Studios and Antimatter Games. In addition, the group's marketing department Petrol has contributed to the release of 1,500+ titles, of which many are world famous brands such as Call of Duty, Destiny, Dark Souls and Rage. The group's publishing and distribution department Sold Out holds expertise in both physical and digital publishing and has previously worked with Team 17, Rebellion and Frontier Developments. The Group is headquartered in Stockholm with 180 employees in 8 offices worldwide.

Nasdaq First North Growth Market Ticker Symbol: TOAD

Certified Adviser: Eminova Fondkommission AB, Phone: +46 8 684 211 00

IMPORTANT INFORMATION

This information is information that Toadman Interactive AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on February 27, 2020 at 08:00 CET.

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Toadman EG7

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