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MindArk develops and operates Entropia Universe and the Entropia Platform. Entropia Universe is a 3D internet virtual universe with a unique integrated economic system and stunning graphics. The client software is free-of-charge and available to anyone with internet access.

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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.
Henrik Nel Jerkrot, CEO, MindArk PE AB
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.
CEO Henrik Nel Jerkrot
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.
MindArk CEO Henrik Nel Jerkrot
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!
MindArk CEO Klas Moreau
This is just the first of many tournaments. ComPet is bringing professional real cash gaming straight to your mobile device
MindArk CEO Klas Moreau
Entropia Universe is about to break cross-platformboundaries
MindArk CEO Klas Moreau
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MindArk Accelerates Towards Achieving the World's First AI-Generated Metaverse with Real Cash Economy

October 9, 2024, Gothenburg, Sweden — As the global tech landscape intensifies its focus on the metaverse, MindArk, the visionary developer behind Entropia Universe, announces groundbreaking advancements that position the company at the forefront of the race to create the world's first AI-generated & operated metaverse with a real cash economy.The Final Sprint: MindArk Leads the Charge in Metaverse Innovation The concept of the metaverse has transitioned from speculative fiction to an impending reality, sparking fierce competition among tech giants worldwide. MindArk is seizing this

MindArk Interim Report Q2 2024

MindArk PE AB (publ) ("MindArk", the "Company") hereby announces that the Company's interim report for Q2 2024 has been published.Comment from acting CEO Leif Evander Andersson:“In the second quarter of 2024, the financial performance has shown a significant improvement compared to the previous quarter, both in terms of net sales and EBITDA. The focus is on continuing to future-proof the technical infrastructure behind Entropia Universe while working to deliver engaging content to our users.   In this report, we have chosen to present a more in-depth description of MindArk's

Mindark takes over the operations of Planet Rocktropia to be Run by New Entropia Universe AI President

Mindark PE AB, the Swedish developer of Entropia Universe, which launched in January 2003 and stands as one of the world's longest-running MMOs and the only MMO/metaverse featuring a real cash economy with in-game currency pegged to the USD, is pleased to announce the takeover of Planet Rocktropia, a pop culture-themed virtual world that has been live on the Entropia Universe platform since 2010. This change is part of Mindark's pioneering initiative to utilize an AI President to manage and operate its universe.Founded by celebrity avatar Jon "NEVERDIE" Jacobs, Rocktropia is designed as a

MindArk Breaks New Ground with Generative AI: Introducing AI-Driven NPCs in Entropia Universe

MindArk is unveiling a new era in the MMORPG gaming scene with the launch of Immersive NPCs. These NPCs are based on the innovative technology of LLM-Driven Agents, powered by the newest Transformer models. The new NPC system introduces three advanced AI-driven non-player characters designed to assist new players within the game and on MindArk's official Entropia Universe website. The NPCs, named Jax Terron and Sarah Tergus, are support personnel for the Colonial Defense Force. Both are capable of engaging in dynamic conversations, with responses tailored to their specific roles,

MindArk Interim Report Q1 2024

MindArk PE AB (publ) ("MindArk", the "Company") hereby announces that the Company's interim report for Q1 2024 has been published. Comment from Acting CEO, Leif Evander Andersson: "Our financial results for the last quarter—both turnover and operating profit—did not match the figures from the same period last year. However, this discrepancy primarily stems from the first quarter of 2023 being exceptionally strong due to the launch of our 20th anniversary event, TWEN. In early 2024, MindArk has focused on advancing AI integration across the organization. This initiative is already

MindArk is Redefining AI Application Through Innovation in Leadership

Entropia Universe Unveils Plans to Develop the First-Ever AI President to Lead Its Epic Virtual World.With limitless application potential through the gaming industry and beyond, Entropia Universe is taking a monumental leap forward by announcing the development of the world's first AI President to govern its metaverse. MindArk strives to usher in a new era where cutting-edge artificial intelligence meets virtual world management in game, providing the player with unique experiences through the real money economy system.Entropia Universe is a gaming platform where every skill you learn

MindArk Year-end Report 2023

MindArk PE AB (publ) ("MindArk", the "Company") hereby announces that the Company's year-end report for 2023 and interim report for Q4 2023 have been published.Comment from CEO Henrik Nel Jerkrot: "As we bring 2023 to a close, it is gratifying to present a strong end to the year. The reorganization we carried out in Q2 and Q3 has translated into a strong boost in profitability in Q4. We can also note that our universe continues to grow. In the fourth quarter, the revenue increase attributable to Entropia Universe exceeded 27% compared to the same period last year." Reporting period

Earnings upgrade - MindArk's net sales and profit after financial items increase significantly in Q4 2023

MindArk PE AB (publ) ("MindArk" or the "Company") expects to report results for the fourth quarter of 2023 that are higher than current market expectations. The Company estimates that net sales for the fourth quarter of 2023 will amount to approximately 45-47 MSEK. This represents an increase of approximately 55-61 percent compared to the same period last year. Operating profit for Q4 2023 is estimated to amount to approximately 25-27 MSEK, which corresponds to an increase of approximately 140-160 percent compared to the same period last year. Profit after financial items is estimated at

Letter from MindArk's CEO, Q1 2024

Dear Shareholders,As the new year unfolds, it's an opportune time to reflect on our journey and look ahead to the possibilities that 2024 brings. Something that is close on the horizon is the upcoming Q4 report, which will detail MindArk’s performance following the strategic changes we embarked upon in 2023.Our engagement with Artificial Intelligence (AI) continues to be a key focus, drawing attention in the national media as it covers the significant technological advancements that the tech sector is experiencing now. MindArk was featured on SVT’s Rapport and Aktuellt at the beginning

MindArk Interim Report Q3 2023

MindArk PE AB (publ) ("MindArk", the "Company") hereby announces that the Company's interim report for Q3 2023 has been published.Reporting periodThe report covers the period July 1 – September 30, 2023 and January 1 - September 30, 2023.  July 1 – September 30, 2023 Group figures. Comparative figures in parentheses refer to the same period last year. · Turnover amounted to 22.9 MSEK (21.4 MSEK)  · Capitalized work amounted to 6.1 MSEK (7 MSEK)  · Operating profit amounted to 1.8 MSEK (3.4 MSEK)  · Profit before tax amounted to 1.7 MSEK (-1.8 MSEK)  · Cash & cash

Letter from MindArk's CEO, Q4 2023

Dear shareholders, Without doubt, quite a lot has happened since the last CEO letter. In September, Unionen's magazine Kollega published an article about MindArk, stating that we are replacing staff with AI, a somewhat simplified picture compared to what we communicated on May 30, 2023. The day after, the article exploded in the media - MindArk was on the front pages of several newspapers and was mentioned in nationwide news coverage. For the media, MindArk became perhaps the first Swedish societal example in the debate on how companies adapt their organizations by embracing

MindArk Interim Report Q2 2023

MindArk PE AB (publ) ("MindArk", the "Company") hereby announces that the Company's interim report for Q2 2023 has been published.Comment from CEO Henrik Nel Jerkrot:"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.

Letter from MindArk's CEO, Q3 2023

Dear valued shareholders, It is a great pleasure to continue with the CEO letters, a platform allowing me to share the latest developments at MindArk and Entropia Universe. I trust that each of you has returned (or will shortly return) refreshed from your summer vacation, hopefully, undeterred by the occasional downpour we have experienced in many parts of Sweden. I'm eager for the rest of the year, and I hope you are too! For those who have been keeping an attentive eye on MindArk and our recent series of press releases, you are already aware of the transformation that is ongoing.

MindArk reorganizes and announces AI-initiative

MindArk, the creator of Entropia Universe, today announces that the company will be issuing notices of termination to up to 25 employees, equivalent to 40% of the company's employees. This is a result of the company's strategic ambitions for the future, with Artificial Intelligence (AI) being a central part of it. In order to ensure that MindArk delivers on these ambitions, the company will be restructuring while also establishing a sustainable cost base for the future. The majority of the affected positions are in the fields of graphics and world-building. The exact details and the

MindArk Interim Report Q1 2023

MindArk PE AB (publ) ("MindArk", the "Company") hereby announces that the Company's interim report for Q1 2023 has been published.Comment from CEO Henrik Nel Jerkrot: "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

MindArk appoints Pareto Securities as liquidity provider for the company's share. Pareto Securities will start as liquidity provider today, May 3, 2023.

As part of its role as liquidity provider, Pareto Securities will continuously place trading positions on both the buy and sell side in the order book for Mindark's share and ensure that a predetermined spread is maintained in the share. The purpose of the liquidity provider is to promote good liquidity and ensure a low spread between the buying and selling prices in ongoing trading.

Letter from MindArk's CEO, Q2 2023

Dear valued shareholders, We know a lot of you want to get continuous updates about MindArk and Entropia Universe, and while we are publishing relevant press releases to the market, we at MindArk have decided that I will also release CEO updates to the market once per quarter. The ambition is to increase our communication with the market and keep all of you updated on the company's progress. Our main focus is always to keep developing Entropia Universe and use our resources accordingly, all to deliver value to our shareholders and users. As we are well into the second quarter of the

Mindark Group's Profit Sharing Foundation has acquired shares in MindArk

Mindark Group's Profit Sharing Foundation (Mindarkkoncernens Vinstandelsstiftelse) has acquired shares in MindArk PE AB (publ). A total of 82,883 shares were acquired at an average price of SEK 3.57 per share. The value of the transaction amounted to SEK 296 150.50. The shares were acquired on the market.From April 19 to April 24, Mindark Group's Profit Sharing Foundation acquired 83,883 shares on the market at an average price of SEK 3.57 per share. The foundation was created in 2008 with the aim of engaging employees and increasing their commitment. The goal of the profit sharing

Correction of Year-End Report during ongoing revision

Correction of Year-End Report during ongoing revision. The net profit for the full year 2022 is adjusted upwards by 1586 KSEK.During the ongoing revision of the Annual Report for 2022, MindArk has identified a deviation from the Year-End-Report for 2022, which was published on February 28, 2023. The net profit for the full year 2022 will be adjusted upwards by 1586 KSEK. Thus, the following corrections arise: • The net profit for the Group for 2022 amounts to 9141 KSEK (instead of 7555 KSEK according to the Year-End-Report).The reason for the adjustment is that MindArk has identified

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