Hacksaw Gaming has reported notable financial performance for the second quarter of 2026, achieving a substantial year-over-year revenue growth of 31%, totaling €59.3 million. When adjusted for constant currency, the revenue increase is recorded at 33%.
The company saw its operating profit (EBIT) rise by 31%, hitting €48.4 million, supported by a robust operating margin of 82%. Net profit stood at €45.7 million, while operating cash flow experienced a significant jump from €26.9 million in Q2 2025 to €43.1 million in the latest quarter.
Ana Vrabic Verdir, CEO of Hacksaw Gaming, commented on the results, noting that the upward trend in revenue from prior quarters has continued into Q2. For the twelve-month period ending June 30, 2026, revenue reached €224 million, marking a 31% increase on a reported basis, and a 37% increase when adjusted for constant currency, compared to the previous 12 months.
During this quarter, Hacksaw introduced 17 proprietary games and an additional 17 games from third-party developers utilizing the OpenRGS platform. Since 2023, a total of 108 games have been launched through OpenRGS by partner development studios.
The average daily rounds of games played increased by 15%, with the top ten games now contributing to 49% of total gaming revenue, up from 46% the previous year. The company has also expanded its partnerships, welcoming Good Times Studios and Aloha Gaming, bringing the total to 11 partner studios in the OpenRGS network.
The quarter saw Hacksaw’s commercial team secure a total of 106 agreements, including 63 new client partnerships. The adjusted EBIT margin was retained at 82%, with a free cash flow conversion rate of 91% over the past year. Capital expenditures amounted to €3.5 million, which is 6% of revenue. At the close of the quarter, Hacksaw reported cash and cash equivalents of €99 million, with no outstanding interest-bearing debt.
In May, shareholders approved a €116 million dividend distribution, equating to €0.40 per share. In looking ahead, Verdir emphasized the company’s strong earnings and continued high margins, maintaining an adjusted EBIT margin of 82%, consistent with the previous quarter.
