Hacksaw Board Approves Three-Month Share Buyback Program

Hacksaw’s board approved a share buyback program of up to €20 million on November 3, 2026, giving the company three months to repurchase stock on Nasdaq Stockholm. Hacksaw announced that the purchases will be paid for in cash under authority granted by shareholders at April’s annual general meeting.

Repurchases can take place on one or more occasions during the three-month period beginning November 3. After any purchase, Hacksaw’s holding of its own shares may not exceed 10% of the company’s total outstanding shares. The company had 289,195,987 shares in total and held none of its own shares when the program was announced.

Purchases will be made under Nasdaq Stockholm’s issuer rules and only within the exchange’s registered price interval at the time, between the highest current buy price and the lowest current sell price. An investment firm or credit institution will manage the program and execute the repurchases under Hacksaw’s instructions. Completed purchases will be reported to Nasdaq Stockholm.

Three Uses for Repurchased Shares

The board identified three uses for the shares: wholly or partly financing future stakes in companies or businesses, supporting future incentive programs, and adapting and improving Hacksaw’s capital structure. Those purposes give the company several potential routes for using any stock it acquires, spanning corporate transactions, incentive arrangements and capital-structure management.

The authority behind the decision was approved at the annual general meeting on April 27, 2026. It allows the board to resolve on repurchases and transfers of own shares on one or several occasions until the next annual general meeting. The authorization also covers using own shares, or proceeds from transferred shares, to finance acquisitions and to finance or secure share deliveries under long-term incentive programs approved by the general meeting. While the shareholder authorization permitted repurchases on Nasdaq Stockholm or through a public offer to all shareholders, the new program uses the exchange route.

Preliminary Results Show Growth at a Slower Pace

The buyback follows Hacksaw’s preliminary third-quarter update, published on October 12, 2026. Its preliminary estimates put revenue at approximately €57.5 million to €58.5 million and adjusted operating profit at €48 million to €49 million, compared with €52.0 million and €42.1 million a year earlier. Those ranges represented growth of approximately 11% to 12% and 14% to 16%, respectively, with adjusted operating margin at about 83%, versus 81%. Hacksaw attributed revenue growth below its historical pace to softer market conditions and game performance lower than in recently reported periods, while its long-term financial targets remained unchanged.

The decision establishes a three-month capacity to buy shares for cash, not a completed repurchase. Its practical effect will depend on how much stock Hacksaw acquires and how those shares are ultimately used, with the stated options extending across acquisitions, incentive programs and changes to the company’s capital structure.