During the second quarter of 2023, we increased our turnover by 28% compared to the same period last year, while also having executed an internal reorganization within the company. However, the reorganization involves a reservation of a one-time cost of 14 million SEK, which affects our net profit for Q2 results but positions MindArk well for the future, with an increased focus on innovation and growth in the digital world. EBITDA adjusted for one-time costs amounts to 6.1 MSEK in Q2 2023 and the reorganization is expected to have a positive impact on our net profit during the remainder of 2023.

The first quarter of 2023 has been a continued strong quarter for MindArk where we reach a revenue record for the Q1 period for the third year in a row. Although some of the company's resources are committed to the work on the graphics engine migration, user activity in Entropia Universe has increased by 15%. This speaks to our team's ability to create exciting content for our users that keeps them engaged. The company remains well-capitalized at the end of the period and enters Q2 with a strong balance sheet.

It is with great pleasure that with our first financial report as a listed company, we have had a record quarter in terms of net revenue.

The Battle Simulator is intended to be different from our normal gameplay model. This is all about speed and tactics. Everyone competes on even ground — total newcomers as well as older players!

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Entropia Universe is about to break cross-platformboundaries