Hacksaw reported strong financial results for the second quarter of 2026, with revenue increasing 31% year-on-year to €59.3 million as the company continued to expand its game portfolio and global market presence.
On a constant currency basis, revenue grew 33%, while profit for the quarter reached €45.7 million. Operating profit also increased 31% to €48.4 million, maintaining an operating margin of 82%.
Revenue and Profit Continue to Grow
For the 12 months ended June 30, 2026, Hacksaw generated €224 million in revenue, representing a 31% increase on a reported basis and 37% growth at constant currency.
Operating cash flow rose to €43.1 million during the quarter, compared with €26.9 million in the same period last year, reflecting continued strong cash generation.
Content Portfolio and Market Expansion
Hacksaw launched 17 in-house games during the quarter, while partner studios released another 17 titles through the company’s OpenRGS platform.
Two new studios, Good Times Studios and Aloha Gaming, joined OpenRGS, bringing the total number of partner studios to 11. The company also expanded into the regulated markets of Slovenia and Paraguay and, after the quarter ended, secured supplier registration in Alberta, Canada.
Commercially, Hacksaw signed 106 agreements during the quarter, including 63 with new clients.
Strong Margins and Cash Position
The company maintained an adjusted EBIT margin of 82%, while free cash flow conversion reached 91% on a rolling 12-month basis.
Capital expenditure totaled €3.5 million, representing 6% of revenue. At the end of the quarter, Hacksaw held €99 million in cash and cash equivalents with no interest-bearing debt.
The company also paid a dividend of €0.40 per share in May following shareholder approval earlier this year, distributing a total of €116 million.
The latest results highlight Hacksaw’s continued growth across regulated markets while maintaining high profitability and strong cash generation.
