Financial report for the period ended 30^th of June 2025

Key Facts for the 2^nd Quarter 2025 (1^st April 2025 - 30^th June 2025)

Revenues decreased 34.98%, EBIT decreased 38.90%. €997,300 in dividend paid out.

All figures are compared to the same quarter last year if not explicitly stated otherwise.

• Revenues decreased by 34.98% to €6,637,315 (€10,207,914).
• EBIT decreased by 38.90% to €901,000 (€1,474,691).
• EBIT margin of 13.57% (14.45%).
• Net profit decreased by 32.30% to €465,183 (€687,154).
• Earnings per share of €0.0062 (€0.0092).

• PremierGaming Ltd, the Group's B2C subsidiary licensed in Malta and Sweden focusing on Northern Europe, represented 5.78% of the Group's revenues in Q2 2025.

New business model for B2B effective 1^st of January 2025

As mentioned in the Q1 2025 interim report, the agreements with B2B partners have been re-negotiated, resulting in (a) a reduction of the revenues from B2B partners as from 1 January 2025 onward, and (b) the reduction of costs, since from 1 January 2025 onward all payments-related costs arising from operations of B2B partners are at the charge of the B2B partners.

Trading update Q3 2025

The trading update is an indication of how the third quarter 2025 has started, however it is not a revenue forecast for the quarter.

The average daily net gaming revenue in the third quarter 2025 up until and including 17^th of August was 17.4% lower than the average daily net gaming revenue of the full third quarter 2024.

The average daily net gaming revenue in the third quarter 2025 up until and including 17th of August was 3.2% higher than the average daily net gaming revenue of the full second quarter 2025.

Events during Q2 2025

• A dividend, in accordance with the Annual General Meeting 2025 shareholder resolution, of €997,300 gross, corresponding to €0.0133 per share, for the financial year ending 31st December 2024, was paid out in June 2025.

• The available cashflow from operations at the end of Q2 2025 was €868,000 (Q2 2024; €1.664,835).  

• Premiergaming Ltd (B2C) lowered its marketing spending for the Swedish brands in the quarter to further evaluate the customer lifetime value of the customers acquired mainly during 2024.

• Marlin Media Ltd, the Group's affiliate marketing company (B2B), expanded its portfolio in Q2 by launching additional SEO-focused features under its existing platform. The company continued to focus on broadening its operations and enhancing its AI-powered platforms.

• The Annual and Sustainability Report 2024 together with the Audited Financial Statements for 2024 were published on the 30th of April 2025.

Events after Q2 2025

• A state-of-the-art 3^rd party Predictive Churn Prevention tool was integrated with and customized under the Group's proprietary iGaming platform.

• The Group continues to enhance its B2B offering both as regards its successful proprietary iGaming platform and the affiliate offer (by Marlin Media Ltd).

Key Facts for half-yearly 2025 (1^st January 2025 - 30^th June 2025)

Revenues decreased 29.73% and EBIT decreased 13.46%. Net Profit increased 20.47%.

All figures are compared to half-yearly 2024 if not explicitly stated otherwise.

• Revenues decreased by 29.73% to €14,821,469 (€21,093,525).
• EBIT decreased by 13.46% to €2,633,394 (€3,042,898).
• EBIT margin of 17.77% (14.43%).
• Net profit increased by 20.47% to €1,821,614 (€1,512,081).
• Earnings per share of €0.0243 (€0.0202).

Thomas Kalita, CEO, comments: "Over recent years, we have strengthened operational efficiency and profitability, even amid lower revenues. With this foundation in place, we are now intensifying our focus on disciplined, sustainable growth. The average daily net gaming revenue in Q3 2025 up until and including 17th of August was 3.2% higher than the average daily net gaming revenue of the full Q2 2025. Although not a significant increase, it is a new trend evidencing that we are focusing on the right growth activities. We are also very satisfied with paying out to the shareholders in June 2025 the dividend of €997,300 (€0.0133 per share) for the financial year ending 31/12/2024. After this dividend was paid the available cashflow from operations at the end of Q2 2025 was €868,000 which is proof that the business is healthy and manages to generate a positive cash flow."