On 22 May 2025, Embracer Group AB (“Embracer”) announced its intention to list the class B shares of its subsidiary Coffee Stain Group AB (“Coffee Stain”) on Nasdaq First North Premier Growth Market in Stockholm as a separate group through a spin-off to the shareholders of Embracer. In conjunction with Coffee Stain’s Capital Markets Event being held today, Embracer announces that it will leave Coffee Stain with a pro-forma net cash position of SEK 500 million as of 30 September 2025. The strong financial position enables continued investments in the game portfolio and M&A, if attractive opportunities arise, while surplus capital will be returned to shareholders, in line with Coffee Stain’s dividend policy.
Net cash position
Coffee Stain had no financial debt as of 30 September 2025. Embracer intends to leave Coffee Stain with a pro-forma net cash position, as of 30 September 2025, of SEK 500 million[1]. Cash flow generated from 30 September 2025 will remain in Coffee Stain.
Dividend policy
As disclosed in the Information Brochure published by Embracer on 20 October 2025, the Board of Directors of Coffee Stain has resolved to adopt the following dividend policy.
The Coffee Stain group’s aim is to distribute excess liquidity to shareholders, while maintaining a strong financial position. The long-term principle is for capital to be allocated to investments in sustainable organic growth, value-creating M&A and to return excess capital to shareholders. The Board of Directors of Coffee Stain shall each year evaluate the possibility of distributing a dividend after taking into account the development of the business as well as its operating profit and financial position.
Additional information
[1] Excluding contingent considerations of SEK 35m.
Embracer Group is a global group of creative and entrepreneurial businesses in PC, console and mobile games, as well as other related media. The Group has an extensive catalog of over 450 owned or controlled franchises.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its operative groups: THQ Nordic, PLAION, Coffee Stain, DECA Games, Dark Horse, Freemode and Crystal Dynamics – Eidos. The Group includes 69 internal game development studios and engages nearly 7,000 talents across nearly 30 countries.
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