Angler Gaming (ANGL) Q2 2025 earnings summary

Executive summary

• Revenues for Q2 2025 fell 34.98% year-over-year to €6.64 million, with EBIT down 38.90% to €901,000 and net profit down 32.30% to €465,183.

• For H1 2025, revenues declined 29.73% to €14.82 million, but net profit rose 20.47% to €1.82 million, reflecting improved cost control.

• A €997,300 dividend was paid in June 2025, and available cash flow from operations at Q2 end was €868,000.

• Operational focus is on enhancing the proprietary iGaming platform, affiliate marketing, and customer retention tools.

Financial highlights

• Q2 2025 EBIT margin was 13.57%, down from 14.45% a year earlier.

• Earnings per share for Q2 2025 were €0.0062, and for H1 2025 €0.0243.

• Customer deposits grew year-over-year in H1 2025, but active customers and new registrations declined.

• Cash and cash equivalents at Q2 2025 end were €868,001, down from €1,664,835 in Q2 2024.

Outlook and guidance

• Q3 2025 average daily net gaming revenue to August 17 was 17.4% lower year-over-year but 3.2% higher than Q2 2025, indicating a positive trend.

• Management is prioritizing sustainable growth, platform enhancements, and B2B expansion.