Gaming Realms H1 Revenue Up 18% to £16M, EBITDA Grows 30%

09/08/2025 – 02:00 AM

Interim Results

18% income development, Adjusted EBITDA¹ up 30% pushed by worldwide licensing enlargement

International footprint set to develop

CITY OF LONDON, GB / ACCESS Newswire / September 8, 2025 / Gaming Realms plc (AIM:GMR), the developer and licensor of cellular centered gaming content material, is happy to announce its interim outcomes for the six months to 30 June 2025 (the “Period” or “H1’25”).

Financial highlights:

• Total income elevated 18% to £16.0m in H1’25 (H1’24: £13.6m)

• Group Adjusted EBITDA grew 30% to £7.5m (H1’24: £5.8m), representing a 47% Adjusted EBITDA margin (H1’24: 43%)

• Total licensing revenues grew 22% to £14.1m (H1’24: £11.5m):

• Content licensing income elevated 4% to £11.7m (H1’24: £11.2m)

  • UK content material licensing income fell 13% in H1’25 (21% in Q2’25) because of UK staking restrict modifications launched in April 2025. However, the development improved sharply in July (lowered to a 16% decline) and August (lowered to a 9% decline) as new Slingo improvements had been licensed and launched.

  • Ex-UK content material licensing income continued to carry out strongly, up 18% in H1’25 with US up 22%

• Brand licensing income elevated 623% to £2.4m (H1’24: £0.3m), because of the completion of a major model deal in the course of the interval

• Profit earlier than tax elevated 19% to £4.2m (H1’24: £3.5m)

• Net money at interval find yourself 28% to £19.0m (Dec’24: £13.5m) with continued robust money technology

• Reported income negatively affected by forex actions between GBP and USD

Operational highlights:

• Launched content material within the regulated markets of Brazil and British Columbia, Canada

• Granted provider license in Delaware, USA

• Released six new distinctive Slingo video games into the market, together with Slingo Fishing Bob and Slingo Honey Crew, taking the distributed video games portfolio to 95 titles

• Launched with 19 new companions globally:

  • In North America with the British Columbia Lottery Corporation (“BCLC”) and Hollywood Casino in West Virginia

  • In South America with BetMGM, Superbet and KTO in Brazil, and GuessPlay in Colombia

  • In Europe with GG Poker, Microgame and E-Play 24

• Launched an additional three third-party slot video games, bringing the overall variety of third-party video games distributed to 17 (Dec’24: 14)

Post period-end:

• Licensing income elevated 2% within the two months publish period-end in comparison with the identical interval in 2024. This is passable given the damaging impacts of forex translation and the brand new staking restrict rules within the UK which gave a decline of UK licensing income of 16% in July and 9% in August (referred to above)

• Launched content material with Rush Street Interactive in Delaware, USA, the sixth U.S. state the place the Group distributes its content material

• Launched Slingo content material with Bet365 in Brazil, Golden Nugget in Ontario and Betly in West Virginia

• Released Slingo Cash Eruption in addition to three NFL franchise branded Slingo gamesin partnership with BetMGM

¹ EBITDA is revenue earlier than curiosity, tax, depreciation and amortisation bills and is a non-GAAP measure. The Group makes use of EBITDA and Adjusted EBITDA to touch upon its monetary efficiency. Adjusted EBITDA is EBITDA excluding share choice and associated prices and adjusting objects, that are vital, non-recurring objects exterior the scope of the Group’s bizarre actions. See Note 4 for additional particulars.

Summary:

Gaming Realms has sustained its development by means of the primary half of 2025, executing on its technique of creating and licensing modern video games globally to market-leading manufacturers and operators, in addition to licensing our IP into adjoining markets.

Revenue for H1’25 elevated by 18% on a reported foundation, and 21% at fixed forex, pushed primarily by the Group’s worldwide licensing enterprise. Adjusted EBITDA rose 30% to £7.5m, with margins increasing to 47% (H1’24: 43%).

Content licensing from the UK (which accounted for 29% of the content material licensing whole within the interval) was negatively affected by the staking limits imposed by UK authorities and the brand new rules that got here into impact on 9 April 2025. However, The Company made improvements to our Slingo video games which have resulted in some restoration within the interval since 1 July 2025.

In the interval April – June 2025, UK content material licensing income was down 21% as new staking limits had an influence on the participant expertise of Slingo. We developed a brand new instrument inside Slingo video games to accommodate the brand new staking limits and, because the up to date video games had been accepted by the regulator and deployed, the damaging influence on our revenues moderated. In the second quarter UK licensing revenues had been down 21%, however in July revenues had been down 16% and in August had been down 9%. It is administration’s perception that this development will proceed, and the UK content material licensing revenues will attain earlier ranges by the tip of this 12 months.

Content licensing exterior the UK (which accounted for 71% of the content material licensing whole within the interval) continued to carry out strongly with income up 18%. The US (54% of the overall) has carried out notably strongly, up 26% (at fixed trade charges).

The Group strengthened its regulated market presence with launches in Brazil and with the lottery in British Columbia, Canada. This takes the overall variety of regulated markets the place the Group distributes content material to 22.

During the interval, we additionally launched with 19 new operator companions and launched six new Slingo titles, together with premium video games Slingo Fishing Bob and Slingo Honey Crew, alongside three further third-party slot video games.

Outlook for FY25:

Trading within the first half of 2025 was in step with expectations, and the Board stays assured that the Group will preserve this optimistic trajectory by means of the rest of the 12 months.

Looking forward, the Group is effectively positioned to construct on its momentum and ship additional development throughout each new and current markets.

Our strategic focus for the rest of the 12 months is to proceed to broaden our worldwide footprint by means of entry into further regulated markets, whereas deepening our presence with current companions to seize additional development alternatives.

Since the interval finish, we have now launched our Slingo content material in Delaware – the sixth U.S. regulated iGaming state through which the Group’s content material is now stay with Rush Street Interactive. Further launches are anticipated within the regulated markets of the Philippines, South Africa, Switzerland and Greece within the close to time period.

These market expansions might be underpinned by:

• The launch of premium Slingo titles within the second half of 2025, together with Slingo Gold Fish and Slingo Slinguini;

• Creation of latest slots crew for diversification of content material portfolio

• The continued development of our third-party video games pipeline and distribution.

Commenting on the primary half efficiency, Mark Segal, Chief Executive Officer, mentioned:

“The Group has delivered a strong first half, with revenue increasing 18% and Adjusted EBITDA up 30%, reflecting the success of our strategy to expand internationally through licensing. Our entry into newly regulated markets, including Brazil, British Columbia and Delaware, underlines the global demand for our content and the strength of our operator partnerships. With further launches scheduled in additional regulated jurisdictions and a robust pipeline of new Slingo and third-party titles, we remain well positioned to deliver continued growth and enhance shareholder value in the second half of the year and beyond.”

An analyst briefing might be held just about at 9.30am as we speak. To attend, please contact Yellow Jersey at [email protected].

Enquiries

About Gaming Realms

Gaming Realms creates and licenses modern video games for cellular, with operations within the U.Okay., U.S., Canada and Malta. Through its distinctive IP and types, Gaming Realms is bringing collectively media, leisure and gaming property in new recreation codecs. As the creator of quite a lot of Slingo^TM, bingo, slots and different video games, we use our proprietary information platform to construct and have interaction world audiences. The Gaming Realms administration crew contains achieved entrepreneurs and skilled executives from a variety of main gaming and media firms.

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SOURCE: Gaming Realms PLC

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