5th Planet Games A/S - Gothersgade 11, 1123 Copenhagen, Denmark - CVR No.: 3359 7142
5th Planet Games A/S
INTERIM REPORT
Q3 2024
2
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
Index
3
4
5
6
7
9-12
9
10
11
12
13
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditors’ Review Report
Financial Statements
• Consolidated income statement and statement of other comprehensive income
• Consolidated Balance Sheet
• Statement of changes in equity
• Consolidated cash flow statement
Notes to the Financial Statements
3
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
5th Planet Games At-A-Glance
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
5th Planet Games is an international, publicly traded company founded in 2011 and focused originally on financing and
publishing video games entertainment. In more recent years, our business has grown to incorporate other forms of
entertainment e.g. TV and Film.
We are a small, lean company that is backed by a highly driven executive team from Europe and the USA, each of
whom have decades of experience in video games and entertainment creation, publishing, and distribution.
5th Planet Games enters into strategic partnerships with global IP holders to create unique opportunities for game
content creation by our outstanding development partners worldwide and secures co-publishing rights in games
across all platforms, mobile, console and PC.
With a strong and growing portfolio of titles and, since 2021, a partnership with Skybound Entertainment, 5th Planet
Games now has access to compelling, proven, world-famous IP including The Walking Dead and Invincible.
Our association with Skybound has also given up the opportunity to broaden our interests beyond video games
content, as demonstrated by our investment in 2023 in the Icelandic TV and Film Production company Sagafilm. Due
to a high-quality back catalogue of games and an exciting release schedule ahead, 5th Planet Games has seen a
significant improvement in financial results over the last couple of years with many more exciting opportunities ahead.
4
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
CEO Letter
Mark Stanger - CEO
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
We all look for positive news as we draw into the darker days of Autumn, and there is great
news to be found yet again in these Q3 results; the financial headlines make enjoyable reading,
in summary.
Revenue – for Q3 amounted to DKK 4.2M, an increase of 18% from the same period in 2023.
EBITDA – on a year to date basis, our EBITDA reached DKK 3.2M compared to DKK 1.7M for
the same period last year.
Cash reserves – net of recent investments, our cash on hand as of 30th Sept were DKK24.9M
compared to DKK 49.0M at the same point last year.
Commenting on these figures;.
Our revenue is growing as a result of the investments we have made in recent years in new
games that are performing at or above expectations, these games include Before Your Eyes,
Escape Academy and Invincible Presents; Atom Eve; all of these titles benefit from global
distribution across the widest range of channels and are contributing significantly to our
revenues. I fully expect them to continue to do so.
Our EBITDA for the period is impacted by our investment in Physical goods and our recent
distribution agreement with Nordisk Interactive A/S. This is already making a positive contribution
to our business, but only reflects the very start of this agreement and the first physical product
shipped.
Finally, our cash reserves reflect recent investments, most notably the investment in a new video
game in the Invincible universe, the new game is being developed by Skybound Entertainment’s
own internal Studio made up of games industry veterans from Activision Blizzard, EA, Amazon
and others working alongside creator Robert Kirkman. We announced this game in September
of this year.
In due course this new Invincible game will form part of the growing catalogue of 5th Planet
Games and provide even more fuel for our growth and development.
As we move into the holiday period, I am spending quite some time supporting our partners at
Nordisk Entertainment A/S, as following the release of Funko Fusion, we are now busy preparing
for the release of several new games in Physical formats, principally for PlayStation and
Nintendo Switch formats, this new and incremental part of our business will provide significant
revenue stream through Q4 and into the New Year.
Growth based on a growing, high-quality catalogue of content and a company that is now in a
position to consistently report profits. Good news indeed for the darker days!
Mark Stanger, CEO
21 November 2024
5
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
Outlook for 2024, Key Figures and Financial Performance
DKK ‘000
Q3 2024 Q3 2023 Q1-3 2024 Q1-3 2023 FY 2023
Revenue 4 173 3 540 9 960 7 963 16 586
Gross profit 1 958 3 445 7 693 7 751 16 324
Profit / Loss before special items (EBITDA) 692 1 643 3 229 1 660 7 499
Operating profit/loss (EBIT) -1 063 510 -2 509 -1 581 -136
Net Financials exclusive change in derivative instruments -2 350 -171 -907 -800 -332
Change in derivative financials instruments, fair value 0 27 179 0 25 065 25 065
Profit / loss for the year -3 413 27 478 -3 416 22 644 24 543
Profit / loss exclusive fair value of derivative financials instruments -3 413 299 -3 416 -2 421 -522
Total assets 90 093 87 257 90 093 87 257 91 304
Capitalized development costs 20 185 1 20 185 974 3 279
Equity 82 243 84 664 82 243 84 664 85 421
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
In Q1-Q3 2024 5th Planet Games generated DKK 10.0M, a 25% increase compared to the
year-earlier period.
Gross profit for Q1-Q3 2024 amounted to DKK 7.7M.
Costs for Q1-Q3 2024 decreased to DKK 4.5M compared to DKK 6.1M in Q1-Q3 2023. This is a
24% reduction on cost.
EBITDA for the period is a profit of DKK 3.2M in Q1-Q3 2023 compared to DKK 1.7M in Q1-Q3
2023. The increase in EBITDA is driven by an increase in revenue and decrease in cost.
Financial income is a gain of DKK 0.1M. Financial expenses are DKK 1.0M but it mainly consists
of a negative effect of unrealized currency translation adjustments. In Q1-Q3 2023 financial
income was positively affected by the adjustment of the derivate with DKK 25.1M. The
adjustment of the derivate has no cash flow effect.
Profit before tax amounted to a loss of DKK 3.4M in Q1-Q3 2024 compared to a gain of DKK
22.7M in the year-earlier period. However the profit in 2023 without the positive effect of the
adjustment of the derivate is a loss of DKK 2.4M.
Cash flows from operating activities are negative with DKK 3.3M in Q1-Q3 2024 against a
positive DKK 3.8M cash flow in Q1-Q3 2023.
Cash position as of 30 September 2024 amounted to DKK 25.0M against DKK 49.9M as of 30
September 2023. This is mainly caused by investments in projects with DKK 20.2M.
The Group’s equity as of 30 September 2024 amounted to DKK 82.2M.
Outlook for 2024
Based on the result in H1 2024 and the latest projections, the financial guidance for 2024
was updated on August 19th. The updated guidance is summarized as follows (DKKm)
Total net revenue 14.23m
EBITDA 2.95m
Key figures and financial performance
6
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
The Board of Directors and the Executive Board have discussed and approved the interim
report for the period of 1 January 2024 - 30 September 2024, of 5th Planet Games
Group. The interim report has been prepared in accordance with IAS 34 Interim Financial
Reporting, as adopted by the EU, and additional Danish interim reporting requirements
for listed companies. The interim report has been subject to review. In our opinion, the
interim report gives a true and fair view of the 5th Planet Games Group’s assets, liabilities
and financial position on 30 September 2024, and of the results of the 5th Planet Games
Group’s operations and cash flows for the period of 1 January 2024 – 30 September 2024.
We also find that the management’s review provides a fair statement of developments
in the activities and financial situation of the Group, financial results for the period and
the financial position of the Group and describes the significant risks and uncertainties
pertaining to the Group.
Copenhagen, 21 November 2024
Executive Management
Mark Stanger Henrik Nielsen
Søren Kokbøl Jensen
Board of Directors:
Jon Goldman
Chairman
David Alpert
Statement by the Board of Directors
and the Executive Board
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
7
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
To the shareholders of 5th Planet Games A/S
To the shareholders of 5th Planet Games A/S We have reviewed the interim consolidated
financial statements of 5th Planet Games A/S for the period of 1 January - 30 September
2024, comprising income statement, statement of comprehensive income, balance sheet,
cash flow statement and statement of changes in equity as well as selected explanatory
notes, including summary of significant accounting policies (page 9-14).
The Board of Directors’ and the Management’s responsibility for the interim consolidated
financial statements
The Board of Directors and the Management are responsible for the preparation of interim
consolidated financial statements in accordance with IAS 34, Interim Financial Reporting,
as adopted by the EU and Danish disclosure requirements for interim financial reporting of
listed companies, and for such internal control as management determines is necessary
to enable the preparation of interim financial statements that are free from material
misstatement, whether due to fraud or error.
Auditors’ responsibility
Our responsibility is to express a conclusion on the interim consolidated financial statements
based on our review. We conducted our review in accordance with the International
Standard on Review of Interim Financial Information Performed by the Independent Auditor
of the Entity and additional requirements under Danish Auditor regulation. This requires us
to conclude whether anything has come to our attention that causes us to believe that
the interim consolidated financial statements, taken as a whole, are not prepared in all
material respects in accordance with the applicable financial reporting framework. This
also requires us to comply with ethical requirements. A review of interim consolidated
financial statements in accordance with the International Standard on Review of Interim
Financial Information Performed by the Independent Auditor of the Entity is a limited
assurance engagement. The auditor performs procedures, primarily consisting of making
inquiries of management and others within the entity, as appropriate, and applying
analytical procedures, and evaluates the evidence obtained.
The procedures performed in a review are substantially less than those performed in an
audit conducted in accordance with International Standards on Auditing. Accordingly, we
do not express an audit opinion on the interim consolidated financial statements.
Independent Auditors’ Review Report
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
8
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that
the interim consolidated financial statements for the period of 1 January - 30 September,
2024, are not prepared in all material respects in accordance with IAS 34, Interim Financial
Reporting, as adopted by the EU and Danish disclosure requirements for interim financial
reporting of listed companies.
Copenhagen, 21 November 2024
Grant Thornton
Godkendt Revisionspartnerselskab
CVR-nr. 34 20 99 36
Michael Winther Rasmussen
State Authorised Public Accountant
mne28708
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
9
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
DKK´000 Note Q3 2024 Q3 2023 Q1-3 2024 Q1-3 2023 FY 2023
Revenue 2 4 173 3 540 9 960 7 963 9 764
Costs of sales 2 215 95 2 267 212 262
Gross Profit 1 958 3 445 7 693 7 751 9 502
Other income 0 0 0 0 6 822
Research and development costs 109 0 355 156 183
Other expenses 1 158 1 802 4 110 5 935 8 642
Profit/Loss before special items, deprecation and amortisation (EBITDA) 692 1 643 3 229 1 660 7 499
Depreciation and amortisation 1 755 1 133 5 738 3 241 7 635
Operating profit/loss (EBIT) -1 063 510 -2 509 -1 581 -136
Financial income 194 27 179 114 25 066 26 181
Financial expenses 2 544 171 1 021 801 1 448
Profit/Loss before tax -3 413 27 518 -3 416 22 684 24 597
Tax on loss for the year 0 40 0 40 54
Profit/Loss for the year -3 413 27 478 -3 416 22 644 24 543
Other comprehensive income 0 0 0 0 0
Comprehensive income -3 413 27 478 -3 416 22 644 24 543
Distribution of comprehensive income:
Parent company´s shareholders -3 413 27 478 -3 416 22 644 24 543
Non-controlling interests 0 0 0 0 0
Total -3 413 27 478 -3 416 22 644 24 543
Basic earnings per share:
From operations (DKK) 3 -0,013 0,123 -0,013 0,106 0,108
Total DKK) -0,013 0,123 -0,013 0,106 0,108
Diluted earnings per share:
From operations (DKK) 3 -0,010 0,123 -0,010 0,106 0,078
Total DKK) -0,010 0,123 -0,010 0,106 0,078
Consolidated income statement and statement of other comprehensive income
Financial Statements
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
10
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
DKK´000 Note 30.09.2024 30.09.2023 31.12.2023
Non-current assets
Completed development projects 3 659 3 050 9 396
Development projects in progress 20 185 11 361 0
Other investments 21 379 17 145 21 329
Other receivables 4 084 3 500 4 084
Total non-current assets 49 307 35 056 34 809
Current Assets:
Prepayment 141 161 25
Trade receivables 11 290 1 884 2 747
Income tax receivable 0 81 0
Other receivables 4 396 214 4 418
Cash 24 959 49 861 49 305
Total current assets 40 786 52 201 56 495
Total assets 90 093 87 257 91 304
EQUITY AND LIABILITIES
DKK´000 Note 30.09.2024 30.09.2023 31.12.2023
Equity:
Share capital 13 419 13 404 13 404
Reserves 0 0 0
Retained earnings 68 824 71 260 72 017
Total Equity 82 243 84 664 85 421
Non-current liabilities
Other payables 0 372 0
Total non-current liabilities 0 372 0
Current liabilities
Received prepayments 0 219 0
Derivative financials instruments 4 0 0 0
Trade payables 7 120 573 5 055
Other payables 730 1 429 828
Total current liabilities 7 850 2 221 5 883
Total Liabilities 7 850 2 593 5 883
Total equity and liabilities 90 093 87 257 91 304
Consolidated Balance Sheet
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
11
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
Reserves
DKK´000 Share capital Share premium Retained earnings Total equity
Equity as at 01.01.2024 13 404 0 72 017 85 421
Net Profit 0 0 -3 416 -3 416
Other comprehensive income 0 0 0 0
Comprehensive income 0 0 -3 416 -3 416
Capital increase 15 97 0 112
Share-based payments 0 0 126 126
Transfer of reserves 0 -97 97 0
Transactions with owners 15 0 223 238
Equity as at 30.09.2024 13 419 0 68 824 82 243
Equity as at 01.01.2023 10 398 0 18 488 28 886
Net Loss 0 0 22 644 22 644
Other comprehensive income 0 0 0 0
Comprehensive income 0 0 22 644 22 644
Capital increase 3 006 29 310 0 32 316
Costs related to capital increase 0 -71 0 -71
Share-based payments 0 0 889 889
Transfer of reserves 0 -29 239 29 239 0
Transactions with owners 3 006 0 30 128 33 134
Equity as at 30.09.2023 13 404 0 71 260 84 664
Statement of changes in equity
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
12
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
DKK´000 Note Q3 2024 Q3 2023 Q1-3 2024 Q1-3 2023 FY 2023
Loss before tax -3 413 27 478 -3 416 22 644 24 543
Depreciation, amortisation and impairment losses 1 755 1 133 5 738 3 241 7 635
Share-based payments 12 250 126 889 1 099
Financial income, reversed 1 422 -25 065 -114 -25 066 -26 181
Financial expenses, reversed 928 -1 943 1 021 801 1 448
Change in working capital 3 236 807 -6 670 1 239 -30
Operating cash flow 3 940 2 660 -3 315 3 748 8 514
Financial income, received 114 0 114 1 1 111
Financial expenses, paid 79 -1 -14 -1 0
Income tax received 0 26 0 26 107
Cash flow generated from operations 4 133 2 685 -3 215 3 774 9 732
Investment in shares 0 -6 106 -50 -9 606 0
Sale of right of use assests 0 0 0 0 -4 084
Long term receivable 0 0 0 0 2 926
Investments in projects -20 185 -1 -20 185 -974 -3 279
Cash flow from investing activities -20 185 -6 107 -20 235 -10 580 -4 437
Proceeds from cash capital increase 0 21 206 112 21 206 30 893
Repayment convertible loan 0 0 0 0 -372
Investment in financial assets 0 0 0 0 -21 329
Cash flow from financing activities 0 21 206 112 21 206 9 192
Total cash flow for the period -16 052 17 784 -23 338 14 400 14 487
Cash, beginning of period 43 554 32 247 49 305 36 261 36 261
Net foreign exchange difference -2 543 -170 -1 008 -800 -1 443
Cash, end of period 24 959 49 861 24 959 49 861 49 305
Consolidated cash flow statement
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
13
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
1. Basis of preparation
The interim report has been prepared in accordance with IAS 34 Interim financial reporting,
as adopted by the EU, and additional Danish interim reporting requirements for listed
companies. The interim report does not include all the information and disclosures required
in the annual consolidated financial statements and should be read in conjunction with the
Group’s annual consolidated financial statements as of 31 December 2023. The accounting
policies adopted in the preparation of the interim report are consistent with those followed
in the preparation of the Group’s annual consolidated financial statements for the year
ended 31 December 2023.
Significant accounting estimates and judgments
The most significant accounting estimates and judgments in the interim consolidated
financial statements remain unchanged compared to those used in Annual Report 2023.
The principles and key assumptions are described in the Annual Report 2023 in note 2.
2. Revenue
Notes to the Financial Statements
DKK´000 Q3 2024 Q3 2023 Q1-3 2024 Q1-3 2023 FY 2023
Sales of games and advertising for mobile devices 89 317 524 967 1 202
License income 1 909 3 223 7 250 6 421 7 994
Physical product sale 2 174 0 2 174 0 0
Other revenue 0 0 11 575 568
Total 4 173 3 540 9 960 7 963 9 764
3. Earnings per share
DKK´000 Q3 2024 Q3 2023 Q1-3 2024 Q1-3 2023 FY 2023
Net profit/loss for the period -3 413 27 478 -3 416 22 644 24 543
Weighted average number of ordinary shares used as the denominator in calculating
basic earnings per share (in thousands) 268 379 223 154 268 367 213 043 226 901
Adjustments for calculation of diluted earnings per share:
Warrants 87 620 0 87 620 0 87 920
Average number of shares in circulation 355 999 223 154 355 987 213 043 314 821
Diluted average number of shares in circulation 355 999 223 154 355 987 213 043 314 821
Earnings per share of DKK 0,05 each (in DKK) -0,013 0,123 -0,013 0,106 0,108
Diluted earnings per share of DKK 0,05 each (in DKK) -0,010 0,123 -0,010 0,106 0,078
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
14
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
4. Derivative financial instruments
On 7 September 2021, the parent company of the group entered into an investment
agreement with Skybound Games Studios (the investor). The investor received right to
subscribe mandatorily and investment shares and warrants (collectively “rights”) which
could be exercised on different dates depending on the tranches. Each right could be
exercised for one share (i.e., 1:1 conversion ratio) and the number of shares that was issued
were fixed for all these tranches. The last tranche, Tranche 4 was settled in September
2023. Upon settlement, the fixed exercise amount in Norwegian kroner (NOK) was settled
by the investor by paying its US dollar (USD) equivalent. The functional and presentation
currency of the parent company and the Group is Danish kroner (DKK). Hence, although
the exercise amount is fixed in NOK, the equivalent amount in DKK is variable depending
on the prevailing exchange rate between DKK and USD at settlement date. This variable
amount does not qualify the definition of equity instrument and therefore, these rights
were classified as derivative financial assets / liabilities. The liability was variable with the
development in exchange rate in NOK/DKK and the company’s share price. The amount
was the calculated fair value that the company would have received less if the company’s
share price and exchange rate NOK/DKK for the closing date had been used in the
agreement for the investment Tranche 4. As the rights have now been exercised there is
no liability. The liability amount per 30 June 2023 was DKK 27.2m and the gain incurred in
Q3 2023 is DKK 25.065m.
Contingent liabilities
Based on management’s assessment the group is not involved in any lawsuits, arbitration
cases or other matters which could have a material impact on the group’s financial position
or results of operations.
Acquired IP rights / co-productions rights
As part of the investment agreement, 5th Planet Games has provided certain
representations and warranties to Skybound Games Studios. Should Skybound Games
Studios suffer a loss due to certain specific warranties not being true, accurate and not
misleading, Skybound Games Studios will, at its own discretion, have the option of being
indemnified from its loss by exercising up to 2,200,000 warrants (depending on the loss),
each warrant entitling Skybound Games Studios to subscribe for 1 share of nominal DKK
0.05 at par value (the “Indemnification Warrants”). The potential loss from this warranty is
estimated to be unsignificant.
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
15
INTERIM REPORT Q3 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
Contact details
Mark Stanger, CEO
mstanger@5thplanetgames.com
Investor Relations
ir@5thplanetgames.com
5th Planet Games A/S
Gothersgade 11
1123 Copenhagen
Denmark
CVR No.: 3359 7142
Interim report (other than 6 months)The independent auditor's reports (Review)ParsePort XBRL Converter2024-01-012024-09-302023-01-012023-09-30Regnskabsklasse Dmstanger@5thplanetgames.comHenrik NielsenDavid AlpertGothersgade 111123 CopenhagenOpinionBasis for Opinion2024-05-23213800MC2SGVSIBN7J532024-01-012024-09-30cmn:ConsolidatedMember213800MC2SGVSIBN7J532024-01-012024-09-30cmn:ConsolidatedMember2213800MC2SGVSIBN7J532024-01-012024-09-30cmn:ConsolidatedMember3213800MC2SGVSIBN7J532024-07-012024-09-30213800MC2SGVSIBN7J532023-07-012023-09-30213800MC2SGVSIBN7J532024-01-012024-09-30213800MC2SGVSIBN7J532023-01-012023-09-30213800MC2SGVSIBN7J532023-01-012023-12-31213800MC2SGVSIBN7J532024-09-30213800MC2SGVSIBN7J532023-09-30213800MC2SGVSIBN7J532023-12-31213800MC2SGVSIBN7J532023-12-31ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532024-01-012024-09-30ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532024-09-30ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532023-12-31ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532024-01-012024-09-30ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532024-09-30ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532023-12-31ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532024-01-012024-09-30ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532024-09-30ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532022-12-31ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532023-01-012023-09-30ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532023-09-30ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532022-12-31ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532023-01-012023-09-30ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532023-09-30ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532022-12-31ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532023-01-012023-09-30ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532023-09-30ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532022-12-31213800MC2SGVSIBN7J532024-06-30213800MC2SGVSIBN7J532023-06-30213800MC2SGVSIBN7J532024-01-012024-09-30cmn:ConsolidatedMember4213800MC2SGVSIBN7J532024-01-012024-09-30cmn:ConsolidatedMember1213800MC2SGVSIBN7J532024-01-012024-09-30cmn:ConsolidatedMember1213800MC2SGVSIBN7J532024-01-012024-09-30cmn:ConsolidatedMember1iso4217:DKKiso4217:DKKxbrli:shares