Angler Gaming (ANGL) Q1 2026 earnings summary

Executive summary

• Revenue grew 1.58% year-over-year to €8.31 million in Q1 2026, with EBIT up 68.04% and net profit up 85.92%.

• The B2B business benefited from a renegotiated model, improving operational leverage and cost efficiency.

• Marlin Media Ltd's AI-powered casino search engine, Marvn.ai, and new content generator, marvnBoost, drove user engagement and strategic positioning.

• PremierGaming Ltd contributed 3.48% of group revenues, maintaining a cautious marketing approach.

Financial highlights

• EBIT margin rose to 35.02% from 21.17% year-over-year.

• Earnings per share increased to €0.0336 from €0.0181.

• Customer deposits rose to €22.47 million from €20.17 million, but active and new depositing customers declined.

• Gross profit reached €4.82 million, up from €3.50 million.

• Cash and cash equivalents at period end were €1.10 million.

Outlook and guidance

• Q2 2026 trading update shows average daily net gaming revenue up 24.84% versus Q2 2025.

• Focus remains on increasing sales, investing in innovation, and strengthening cash flow.

• No dividend recommended for fiscal year 2025 to prioritize investment and cash flow.