Hacksaw Gaming reported strong financial results for the second quarter of 2026, achieving a 31% year-over-year increase in revenue, totaling €59.3 million. When adjusted for currency fluctuations, the revenue growth was higher at 33%. The operating profit, or EBIT, rose 31% to €48.4 million, maintaining an impressive operating margin of 82%. The net profit for the quarter was recorded at €45.7 million, alongside a notable increase in operating cash flow, which jumped from €26.9 million in Q2 2025 to €43.1 million this year.
CEO Ana Vrabic Verdir commented on the continued momentum in revenue growth, stating:
"The strong revenue growth from previous quarters continued in Q2. For the 12-month period ending 30 June 2026, our revenue reached €224 million, marking a 31% increase on a reported basis, and a 37% rise on a constant currency basis compared to the same period ending June 30, 2025."
During this quarter, Hacksaw launched 17 proprietary games along with another 17 games from third-party developers via their OpenRGS platform. Since 2023, partner development studios have introduced a total of 108 games through OpenRGS. The average daily game rounds rose by 15%, with the company's top ten games responsible for 49% of total gaming revenue, up from 46% a year prior.
Hacksaw expanded its network by adding Good Times Studios and Aloha Gaming, bringing the total of OpenRGS partner studios to 11. In addition, the commercial team secured 106 new agreements in the quarter, 63 of which were with new clients. Adjusted EBIT margins remained strong at 82%, while the free cash flow conversion was 91% on a rolling basis.
Capital expenditures amounted to €3.5 million, representing 6% of the total revenue. The company wrapped up the quarter with cash and cash equivalents of €99 million and reported no interest-bearing debt. In May, Hacksaw distributed €116 million in dividends, following the board's approval for a €0.40 per share payout.
Looking ahead, Verdir remarked, "We continue to deliver strong earnings and high margins, with an adjusted EBIT margin of 82 percent, in line with the previous quarter."
