Hacksaw Reports 31% Revenue Jump to €59 Million in Q2 2026
Hacksaw has delivered another strong quarter, with revenue climbing 31% year‑on‑year to €59.3 million between April and June.
On a constant currency basis, growth was even higher at 33%. Profit for the period reached €45.7 million, with operating profit also increasing by 31% to €48.4 million, maintaining a margin of 82%.
Cash flow from operating activities stood at €43.1 million, up from €26.9 million in the same quarter of 2025. Presenting his first report as the interim CEO of Hacksaw, Ana Vrabic Verdir stated, “The strong revenue growth from previous quarters continued in Q2. For the 12-month period ending 30 June 2026, our revenue reached EUR 224 million, an increase of 31 percent on a reported basis, and 37 percent on a constant currency basis, compared with the 12-month period ending on 30 June 2025.”
Hacksaw expanded game releases and market presence
The second quarter saw Hacksaw accelerate its release schedule, with 17 in‑house titles launched alongside 17 games from partner studios through its OpenRGS platform. Since 2023, third‑party studios have released 108 games on OpenRGS, underscoring the platform’s role in scaling content.
Average daily game rounds also increased 15%, with Hacksaw’s ten largest games generating 49% of gross gaming revenue, compared with 46% last year.
Two new studios, Good Times Studios and Aloha Gaming, joined the platform, bringing the total number of partner studios to eleven. Hacksaw’s content also entered new regulated markets, including Slovenia and Paraguay, further strengthening its global footprint.
After the quarter closed, the company secured supplier registration in Alberta, Canada, allowing it to support licensed operators under the province’s new framework.
Hacksaw’s commercial team also closed 106 deals during the quarter, with 63 representing new clients.
Adjusted EBIT margin stays at 82%
Beyond revenue growth, Hacksaw maintained strong cash generation. Free cash flow conversion stood at 91% on a rolling 12‑month basis, while capital expenditure reached €3.5 million, equal to 6% of revenue.
Cash and cash equivalents totaled €99 million at quarter‑end, with no interest‑bearing debt. In April, shareholders approved a dividend of €0.40 per share, amounting to €116 million, which was paid in May.
Verdir emphasized, “We continue to deliver strong earnings and high margins, with an adjusted EBIT margin of 82 percent, in line with the previous quarter.”
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