Remedy Entertainment Plc reported its unaudited financial results for the first half of 2024. The company saw a 16% increase in revenue in Q2 2024 compared to the same period in 2023, reaching EUR 10.3 million. This growth was driven by higher development fees, particularly from the Max Payne 1&2 remake. Despite the revenue increase, the company posted an operating loss of EUR 3.2 million, an improvement from the previous year's loss of EUR 4.8 million. Key highlights include the release of the Night Springs expansion for Alan Wake 2, which received excellent reviews, and the announcement of the Physical Deluxe Edition and Collector’s Edition of Alan Wake 2, set to release in October and December 2024, respectively. Remedy also announced that Control Ultimate Edition will be available on Apple silicon Macs in 2024. The company has several projects in various stages of development: Codename Condor is in full production, Control 2 has reached the production readiness stage, and the Max Payne 1&2 remake has moved to full production. Remedy is considering self-publishing and other business models for its future games. The company expects revenue and operating profit to improve in 2024, with specific details to be provided once decisions on publishing models for Control 2 and Condor are made. Remedy will host a webcast and conference call on August 9, 2024, to discuss these results. The report and webcast details are available on Remedy's Investor website.

Remedy Entertainment Plc has appointed Santtu Kallionpää as Chief Financial Officer (CFO) and a member of its core management team, effective October 14, 2024. Kallionpää, who previously served as VP Finance and Business Control at Fazer Confectionery, will report to CEO Tero Virtala and be based in Finland. He holds a master's degree in engineering from Helsinki University of Technology. Kallionpää replaces former CFO Terhi Kauppi, who left the company in June 2024. Remedy Entertainment is a globally renowned video game company known for franchises like Control, Alan Wake, and Max Payne.

Between April 1 and May 31, 2024, 16,500 new shares of Remedy Entertainment Plc were subscribed using the company's stock options from 2018 and 2019, resulting in a total subscription price of EUR 120,250.00, which will be added to the reserve for invested unrestricted equity. Following trade registration, the total number of shares is now 13,569,151. The new shares were registered in the Trade Register on July 1, 2024, and will be traded on Nasdaq Helsinki starting July 2, 2024. The subscription period for the 2018 stock options ended on May 31, 2024, while the period for the 2019 stock options will end on May 31, 2025. Further details on the stock options are available on the company's website. Remedy Entertainment Plc is a video game company founded in 1995, known for franchises like Control, Alan Wake, and Max Payne. The company is headquartered in Finland and has an office in Stockholm, Sweden. Remedy's shares are listed on Nasdaq Helsinki. For more information, contact Liisa Eloranta, Senior Investor Relations Specialist.

Tencent Holdings Limited has increased its indirect shareholding in Remedy Entertainment Plc to 14.80%, crossing the 10% threshold as of April 24, 2024. The new total of 2,005,716 shares was calculated using Remedy's registered total number of shares and voting rights, which amounts to 13,552,651. The shares are held through Tencent's controlled undertaking, Image Frame Investment (HK) Ltd. The previous notification had Tencent's shareholding at 5.01%.

Between January 1 and March 31, 2024, 36,250 new shares of Remedy Entertainment Plc were subscribed for with the company's 2018 and 2019 stock options. The subscription price of EUR 261,105.00 will be entered into the reserve for invested unrestricted equity. Following trade registration, the company's total share count is 13,552,651. The new shares have been registered in the Trade Register and will establish shareholder rights from April 11, 2024. These shares will be traded on the Nasdaq Helsinki Ltd together with the old shares from April 12, 2024. The terms and conditions of the stock options 2018 and 2019 are available on the company's website.