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13/09/2021 Investegate Powered by FE fundinfo Gaming Realms PLC Interim Results RNS Number : 4817L Gaming Realms PLC 13 September 2021 Gaming Realms PLC | Interim Results | InvestEgate Gaming Realms plc ( the " Company " or the " Group " ) Interim Results Revenue growth of 50 % generates adjusted EBITDA [ 1 ] of £ 3.1m [ 2 ] , up 144 % Continued U.S. expansion post period end with content launched in Pennsylvania Gaming Realms plc ( AIM : GMR ) , the developer and licensor of mobile focused gaming content , is pleased to announce its interim results for the six months to 30 June 2021 ( the " Period " or " H1'21 " ) . Financial highlights : H1 2021 H1 2020 Change m m % 5.8 3.4 + 73 % Revenue ( Licensing ) 1.9 1.8 + 7 % Revenue ( Social ) 7.7 5.2 + 50 % Total revenue 3.1 1.28 + 144 % Adjusted EBITDA before share option and related charges Adjusted EBITDA 2.7 1.2 + 116 % 0.8 Profit / ( loss ) before tax ( 0.7 ) Cash or cash equivalents 3.92 0.85 + 363.3 % ⚫ Total revenue grew 50 % from £ 5.2m in H1'20 to £ 7.7m in H1'21 . The Group's revenues generate high margins , and in combination with a stable fixed cost base , resulted in adjusted EBITDA growing from £ 1.28m to £ 3.1m , a rise of 144 % over the previous Period . ⚫ Licensing revenue grew 73 % to 5.8m ( H1'20 : 3.4m ) ° This included content licensing revenue growing 39 % to £ 4.1m ( H1'20 : £ 2.9m ) due to an increase in distribution from an expanded games portfolio о Brand licensing reflected a significant deal which positively impacted revenues , resulting in a 298 % increase to £ 1.7m ( H1'20 : £ 0.4m ) ⚫ Social revenue increased 7 % to 1.9m ( H1'20 : 1.8m ) from an increase in new Slingo content , as well as improved player management and new player engagement features . ⚫ Cash or cash equivalents grew from £ 0.85m to £ 3.92m due to strong cash conversion of operating profits . Operational highlights : Granted provisional iGaming supplier license in Michigan where we went live with BetMGM with a direct- integration agreement . ⚫ Granted Interactive Gaming Manufacture Licence in Pennsylvania . ⚫ Launched Slingo content in the Italian regulated market with Goldbet and Sisal . ⚫ Signed several distribution deals including with GAN . ⚫ Signed content licensing agreement with IGT . ⚫ Released four new games into the market , including Slingo Starburst and Slingo Lobstermania . The Group now has 48 games in its portfolio ( Dec'20 : 44 games , Jun'20 : 40 games ) . Post period - end : ⚫ Licensing revenue increased 28 % in the two months post period - end compared to the same period in 2020 ( with the significant deal reflected in the first half numbers not repeating in the second half ) . ⚫ Launched in Pennsylvania with BetMGM and Rush Street Interactive . ⚫ Launched further operators in Michigan with Draftkings and Rush Street Interactive . ⚫ Released two new Slingo games : Slingo Big Wheel and Redhot Slingo . Outlook for FY21 : Gaming Realms made exceptional progress during the first half of the year in developing and licensing games to market - leading brands and operators globally , expanding its footprint and delivering high margin revenues . https://www.investegate.co.uk/ArticlePrint.aspx?id=202109130700074817L Privacy 1/10