AGM Trading Update
tinyBuild, Inc. has announced a positive trading update ahead of its Annual General Meeting, reporting sales ahead of expectations for the first five months of the year despite a challenging industry backdrop. The company currently holds cash and cash equivalents in the mid-single digit millions as of May 31, 2026, with no borrowings, and anticipates this figure to improve following the launch of high-potential new games like Kingmakers, SAND, and Graveyard Keeper 2, which are showing strong wishlist performance on Steam. The Board remains confident that the Company is on track to deliver results for 2026 at least in line with expectations.
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tinyBuild, a premium video games publisher and developer with global operations, announces a trading update ahead of the Company's Annual General Meeting later today.
Highlights:
| ● | Sales are ahead of expectations for the first five months of the year |
| ● | Strong pipeline, based on Steam wishlists, including Kingmakers , SAND and Graveyard Keeper 2 |
| ● | Cash and cash equivalents of mid-single digit millions at the end of May 2026 |
Current Trading
The industry backdrop remains difficult with few signs of modest improvement. Despite this challenging backdrop, tinyBuild is carefully managing its catalogue (e.g. announcement on Graveyard Keeper 2) while investing in high-potential new IP (e.g. Kingmakers, SAND, The Lift). tinyBuild's revenue is trading ahead of expectations for the first five months of the year.
As of 31 May 2026, and despite certain game delays, the Company had cash levels of mid-single digit millions demonstrating a balance has been achieved between revenues and strategic investments. Cash and cash equivalents are anticipated to reach a trough point in the summer of 2026 and are expected to improve post the launch of certain high-potential new games. The Company has no borrowings.
Pipeline
The positive momentum is also translating in strong performance in terms of wishlists, one of the most important indicators for future sales: Kingmakers is now in the #5 Most Wishlisted Games on Steam, SAND #32, Graveyard Keeper 2 #49, Streets of Rogue 2 #84, The Lift #99 and Restory #120.
The release schedule remains flexible and all factors are taken into account in order to maximise the potential of each game, while risk remains around new launches in a crowded market. As a mitigating factor, the Company remains fully focused on cost control and regularly reviews investment in new games to align with audience validation.
Outlook
The pipeline for 2026 and beyond is strong and includes a number of larger-budget (above $1m), high-potential games alongside continuous investment in the catalogue including updates, DLCs and platform launches.
The evolving macroeconomic situation and continuation of the conflict in Ukraine in particular impose caution and vigilance in the medium and long term. tinyBuild carefully assesses the position of its staff, its exposure in terms of revenues and any other factor that may have an impact on the business.
All things considered, the Board remains confident the Company is on track to deliver results for 2026 at least in line with expectations.
Alex Nichiporchik, Chief Executive Officer of tinyBuild, commented:
"We're finally seeing the payoff from the work we've put into new IP. From Last Harbor and The Lift to Kingmakers and Restory, we've got real momentum in the pipeline. At the same time, the back catalogue keeps doing great - with Hello Neighbor and Graveyard Keeper still delivering strong sales nearly a decade after release. And the franchise expansion continues, with new titles announced including Graveyard Keeper 2, SpeedRunners 2 and Streets of Rogue 2. Huge thanks to the teams and partners making it happen - there's a lot more to come."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.