Share-based payments (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Share-based payments |
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| Schedule of share-based options granted |
| | | | | | | | | | | | | No. of options | | Vesting | | Vesting | Type of options | | Grant Date | | outstanding | | period | | conditions | ESOP options | | November 2021, depending on the employee | | 178,228* | | 2021 – 2026 | | Service condition | LTIP - Modified Class B complex vesting options | | January 1, 2019 | | 22,074* | | 2022-2026 | | Service condition | Total share options outstanding as at December 31, 2025 | | | | 200,302 | | | | — |
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| Schedule of share-based payments expense |
| | | | | | | | | 2025 | | 2024 | | 2023 | Class B complex vesting | | 36 | | 68 | | 313 | Complex conditional upon listing | | — | | — | | — | Employee stock option plan | | 573 | | 1,210 | | 1,719 | Total recorded expenses | | 609 | | 1,278 | | 2,032 | therein recognized: | | | | | | | within Game operation cost | | — | | — | | 57 | within Selling and marketing expenses | | — | | 45 | | 115 | within General and administrative expenses | | 609 | | 1,233 | | 1,860 |
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| Class B complex vesting (performance-based awards) |
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| Share-based payments |
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| Schedule of movement of the share options, related fair values ("FV") at grant dates and actual vesting |
| | | | | | | | | | | | | | Employee | | Class B complex | | | | stock option | | vesting -related to | | | | plan | | GDEV Inc shares | | Outstanding at the beginning of 2024 (units) | | 197,636 | | 51,504 | | Granted during the period (units) | | 22,620 | | — | | Exercised during the period (units) | | (7,933) | | (14,715) | | Forfeited | | (25,000) | | — | | Outstanding at the end of 2024 (units) | | 187,323 | | 36,789 | |
| | | | | | | | | | Class B | | | | | | complex vesting - | | | | Employee stock | | related to GDEV | | | | option plan | | Inc shares | | Outstanding at the beginning of 2025 (units) | | 187,323 | | 36,789 | | Granted during the period (units) | | 15,663 | | — | | Exercised during the period (units) | | (24,758) | | (14,715) | | Outstanding at the end of 2025 (units) | | 178,228 | | 22,074 | |
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| Modification of complex options |
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| Share-based payments |
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| Schedule of fair value per one option and related assumptions used to estimate the fair value of our options at the grant date |
| | | | Evaluation date (grant date) | | January 1, 2019 | | Equity value, US$ mln | | 132 | | Expected volatility | | 41.00 | % | Dividend yield | | 6.80 | % | Proxy net income indicator | | 0.041201 | | Discount for Lack of Marketability* | | 8.40 | % | Total FV for 130 complex options** | | 7,856.12 | |
*- applied to the result of fair value estimation. **- total FV of 130 complex options related to Nexters Global shares that in November of 2021 were modified into 441,461 complex options related to the shares in GDEV Inc.
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| Stock options granted in 2021 |
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| Share-based payments |
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| Schedule of fair value per one option and related assumptions used to estimate the fair value of our options at the grant date |
| | | Evaluation date (grant date) | | November 16-30, 2021 | Vesting period | | 60-90 months, depending on the employee | Share market price, US$ | | From 78.6 to 87.1 | Strike (exercise) price, US$ | | 0 or 100 depending on the grant | Expected volatility | | 36.15-37.88% | Dividend yield | | 0.0% | Risk-free interest rate | | 1.18-1.27% | Average grant-date FV of one option, US$ | | 3.57 |
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| Class A share-based payments |
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| Share-based payments |
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| Schedule of movement of the share options, related fair values ("FV") at grant dates and actual vesting |
| | | | | | | | | Employee | | Class B complex | | Complex conditional | | | stock option | | vesting - related to | | upon listing - related to | | | plan | | GDEV Inc. shares | | to GDEV Inc. shares | Outstanding at the beginning of 2023 (units) | | 233,000 | | 412,030 | | 2,000 | Granted during the period (units) | | 4,546 | | — | | — | Exercised during the period (units) | | (19,909) | | (44,146) | | (2,000) | Forfeited | | (20,000) | | (183,942) | | | Cancelled | | — | | (132,438) | | | Outstanding at the end of 2023 (units) | | 197,636 | | 51,504 | | — |
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