PlaySide Studios Limited (ASX:PLY)

ALERT: Price-sensitive ASX Announcement for PLY

Current share price for PLY : $0.135 -0.195 (-59.09%)⁺

Announcement

1HFY26 Media Release

Release

24 Feb 2026 8:26AM

Price at Release

$0.330

Full Release

Summary

PlaySide Studios Limited reported a 28% decrease in revenue for 1HFY26, with significant declines in both External Projects and Original IP revenues. Despite this, the company turned around its financial performance with a positive EBITDA of $9.5m and a NPAT of $7.9m, reflecting a strong recovery from previous losses. Operational highlights included a strategic delay in the release of 'MOUSE: P.I. For Hire' to ensure product quality, and the signing of a global publishing agreement with MVRX Games. The company achieved annualised cost savings of approximately $7m following a restructure, and is focused on strategic investments and expanding its external projects.

Key Points

Revenue decreased by 28% to $20.4m compared to the previous corresponding period.
External Projects revenue fell by 20% to $14.8m.
Original IP revenue dropped by 43% to $5.6m.
EBITDA improved significantly to $9.5m from a $3.0m loss previously.
Net Profit After Tax (NPAT) was $7.9m compared to a $5.3m loss.
Net cash balance stood at $14.0m as of 30 June 2025.
A debt facility of $6.0m was secured.
MOUSE: P.I. For Hire's launch was delayed to April 16 to ensure quality.
PlaySide signed a global publishing agreement with MVRX Games.
Annualised cost savings of approximately $7m following a restructure.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.