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PlaySide Studios Limited (ASX:PLY)

ALERT: Price-sensitive ASX Announcement for PLY
Current share price for PLY : $0.110 -0.22 (-66.67%)+
Announcement
Release
24 Feb 2026 8:42AM
Price at Release
$0.330
Full Release
download
Summary
PlaySide Studios Limited reported a decrease in revenue for the first half of the fiscal year 2026, with total revenue amounting to $20.4 million, a 28% decline compared to the previous corresponding period. The decline was attributed to reductions in both External Projects revenue, down 20%, and Original IP revenue, which fell by 43% due to no new game launches during the period. However, the company reported a significant turnaround in profitability, with an EBITDA of $9.5 million and a Net Profit After Tax (NPAT) of $7.9 million, aided by cost reductions and a $7.8 million uplift from the Digital Games Tax Offset. Operating cash flow was positive, and PlaySide maintained a strong net cash position of $14.0 million. The company completed a business restructure, reducing headcount to 261 from a peak of 363, and announced strategic initiatives including the consolidation of its Melbourne offices and expansion into External Projects. Significant marketing campaigns were undertaken for upcoming game releases, with a notable focus on the game 'MOUSE: P.I. For Hire,' which is expected to drive future revenue growth.
Key Points
  • Revenue of $20.4 million, down 28% from previous period.
  • External Projects revenue decreased by 20%.
  • Original IP revenue decreased by 43%.
  • EBITDA of $9.5 million, up from a $3.0 million loss.
  • NPAT of $7.9 million, up from a $5.3 million loss.
  • Operating cash flow was positive with a net cash balance of $14.0 million.
  • Headcount reduced from 363 to 261 due to a restructure.
  • Investment in External Projects with new hires and office consolidation.
  • Strong marketing efforts for the upcoming launch of 'MOUSE: P.I. For Hire'.
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.