Playable ApS

Playable develops and commercialises a SaaS-based Marketing Gamification platform, enabling marketers globally to engage their audiences through interactive, game-based experiences. The platform supports the full marketing funnel — from awareness and lead generation to customer retention and loyalty. For further information, visit www.playable.com.

Development in activities and finances

2025 marked a significant milestone for Playable, as the company delivered strong financial results while simultaneously advancing its strategic ambitions and laying a solid foundation for continued growth. ​Net profit before tax increased to EUR 904k, up from EUR 622k in 2024 - an increase of 45%. Profit after tax reached EUR 2,153k compared to EUR 613k in 2024, driven in part by the recognition of a deferred tax asset (see separate section below). ​Beyond the financials, the year was characterised by strong commercial and operational progress: ​ ​● Growing market demand for gamification as a performance-driven marketing channel ​● Continued growth of the customer base through new logos, cross-sell and expansion into new markets and ​ brands ​● Attra…

The measurement of the deferred tax asset is subject to inherent uncertainty, primarily relating to the reliability and timing of forecasted future taxable income. The valuation depends on management's assumptions regarding​future business performance, market conditions, and operational developments. As with all forward-looking estimates, actual results may differ from current forecasts, which could result in adjustments to the deferred tax asset in future periods as circumstances evolve. Management has applied a prudent approach in recognising the portion of tax value for which realisation is reasonably assured based on available evidence and forecasts.

The measurement of the deferred tax asset is subject to inherent uncertainty, primarily relating to the reliability and timing of forecasted future taxable income. The valuation depends on management's assumptions regarding ​future business performance, market conditions, and operational developments. As with all forward-looking estimates, actual results may differ from current forecasts, which could result in adjustments to the deferred tax asset in future periods as circumstances evolve. Management has applied a prudent approach in recognising the portion of tax value for which realisation is reasonably assured based on available evidence and forecasts.

No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.

13 Assets charged and collateral

A floating charge secured on unsecured claims and production plant and operating equipment has been provided as security for debt to banks and other credit institutions. The floating charge amounts to a total of EUR 1,406k. The assets concerned have a carrying amount of EUR 3,516k as of 31.12.2025.​​A payment guarantee of EUR 67k is registered in Danske Bank regarding deposit on rent.