Gaming Realms (GMR) investor relations material

Executive summary

• Core content licensing business achieved 9% revenue growth and 16% adjusted EBITDA growth year-over-year, excluding prior period brand licensing renewal impact.

• UK revenues rose 3% despite a significant increase in Remote Gaming Duty from 21% to 40% in April 2026.

• International expansion continued with launches in Nigeria, Ghana, Kenya, Peru, and further growth in Spain.

• Eleven new games released, including three from the new Lucky Lunar studio, broadening the content portfolio.

• The Board remains confident in meeting full-year market expectations, supported by strong North American growth and new market entries.

Financial highlights

• Group revenue for H1 2026 expected at approximately £15.5 million, with adjusted EBITDA of £6.6 million.

• Net cash at period end was £13.5 million after returning £6.0 million to shareholders via share buybacks.

• Excluding non-core brand licensing, group revenue increased by £1.2 million (c.9%) and adjusted EBITDA by £0.8 million (c.16%) year-over-year.

Outlook and guidance

• Confident in achieving full-year market expectations for 2026.

• Positive momentum expected to continue, driven by new regulated market entries and a robust pipeline of game launches.