GiG Software (GIG) investor relations material

Executive summary

• Acquired an 80% stake in 888AFRICA from Evoke plc for $19.2m; incumbent management retains 20%, and consolidation began in Q4 2026.

• Q3 results reflect standalone B2B trading; 888AFRICA adds a profitable, cash-generative operator with a leading position in Mozambique and operations in Angola and Tanzania.

• Strategy reset focuses on a leaner, cash-generative core through customer focus, exits from unprofitable markets and business lines, and a lower cost base.

• Cash and cash equivalents were €8.0m at 30 September 2026, up from €3.5m at 30 June.

Financial highlights

• Q3 revenue was €8.5m versus €9.7m YoY, down 12%; recurring revenue was €7.1m versus €7.0m.

• Q3 adjusted EBITDA was €0.8m versus €1.2m, with a 9% margin versus 12%; operating loss was €4.3m versus €3.5m.

• Q3 reported gross profit was €7.8m with a 92% gross margin, versus €9.2m and 95% in Q3 2025; loss after tax was €4.5m versus €3.0m.

• 9M revenue was €26.3m versus €28.0m; adjusted EBITDA was €1.8m, and loss after tax was €16.9m.

• 9M revenue declined 6% YoY, mainly due to client exits, including Richmond Atlantic’s insolvency, and €2.0m lower set-up fees.

Outlook and guidance

• FY 2026 combined guidance is €45m–€48m revenue and €5.5m–€7.0m adjusted EBITDA, with a 12%–15% adjusted EBITDA margin.

• 888AFRICA is expected to contribute €11m–€13m revenue in Q4; combined positive operating cash flow guidance for Q4 is €1.0m–€1.5m.

• 2027 combined guidance is €85m–€90m revenue and €17m–€19m adjusted EBITDA, with a 20%–21% margin.

• 2027 combined positive operating cash flow is forecast at €8m–€10m; drivers include full-year cost savings, 888AFRICA integration and revenue from launches.

• Priorities include disciplined integration, cost control, committed launches and recurring revenue growth; the planned Alira Spain platform closure in 2027 is expected to generate further savings.