Ubisoft has published its report for the first half of the 2025-26 financial year and stated that the company was not acquired, and the delay in publication was due to an accounting error.
The document states that Tencent's investment of €1.16 billion (~ $1.34 billion) in Vantage Studios will be closed in the coming days, as all conditions have been met. These funds and the current cash position of €668 million (~ $770 million) will reduce the debt burden and allow early repayment of loans of €286 million (~ $330 million).
Ubisoft clarified that it had revised the analysis of revenue recognition under IFRS 15 for 2024-25, which required the financial statements to be restated under IAS 8.
IFRS 15 and IAS 8 are accounting standards. IFRS 15 defines when revenue is recognized, and IAS 8 defines how to restate financial statements in the event of errors.
This led to the agreement signed in the second quarter of 2025-26 not being recognized as revenue under IFRS 15, which caused the company to fail to meet the required leverage ratio under certain existing financing agreements as of September 30, 2025.
The company also reminded that it had temporarily suspended trading in shares to reduce speculation. Trading is planned to be restored.
