Earnings release
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RNS Number : 0346OGaming Realms PLC28 July 2026 28 July 2026 Gaming Realms plc ("Gaming Realms" or the "Group") H1 2026 Pre-Close Trading Update Continued growth in core Content Licensing business with adjusted EBITDA up 16% UK returns to growth following Remote Gaming Duty increase Gaming Realms plc (AIM: GMR), the developer and licensor of mobile-focused gaming content, is pleased toannounce its pre-close trading update for the six months ended 30 June 2026 ("H126" or the "Period"). Highlights: · Group revenue expected to be approx. £15.5 million and Adjusted EBITDA £6.6 million · Core business revenue and Adjusted EBITDA up 9% and 16% respectively · UK revenues up 3% despite Remote Gaming Duty ("RGD") increasing from 21% to 40% from 1 April 2026 · UK gross gaming revenue now above levels prior to RGD increase · Further international expansion in Canada, South America, Africa and Europe · 11 new games released · Net cash at the end of the Period of £13.5 million after £6.0 million returned to shareholders via share buyback programme · The Board is confident in the outlook for the second half of 2026 and remains on track to meet full year market expectations After another strong period, the Board expects to report Group revenue of approximately £15.5 million (H125:£16.0 million) and Adjusted EBITDA of approximately £6.6 million (H125: £7.5 million). The year-on-year movement in Group revenue and Adjusted EBITDA reflects a reduction in H1 26 non-core brandlicensing revenue to £0.7 million (H125: £2.4 million). Excluding brand licensing, which had a significant multi-yearbrand licensing renewal in the prior period, Group revenue increased by approximately £1.2 million, or c.9%, andAdjusted EBITDA increased by approximately £0.8 million, or c.16%, year-on-year, reflecting continued growth andoperating leverage in the Group's core content licensing business. In the UK, the increase in RGD to 40% from 1 April 2026 has been an additional headwind for the sector.Notwithstanding this, UK revenues increased by 3% versus the comparative period, and gross gaming revenue isnow above levels seen prior to the staking limit changes introduced in 2025, demonstrating the resilience of theGroup's UK business and the success of recent Slingo product innovations. During the Period, the Group continued to expand its international footprint, launching content in four new markets;Nigeria, Ghana, Kenya and Peru, as well as expanding further into Spain with William Hill. The Group alsoreleased 11 new games during the Period, including three from its newly established Lucky Lunar studio, furtherbroadening and diversifying its content portfolio. Net cash at the end of the Period was £13.5 million, after £6.0 million was returned to shareholders through theGroup's ongoing share buyback programme, reflecting the continued strong cash generation of the business. Post-period, the Group successfully launched its content in Alberta, Canada, on the first day of the province'snewly regulated iGaming market. Alberta represents a significant opportunity for the Group, given its populationand the strength of the Group's existing relationships with North American partners. This launch takes the totalnumber of regulated markets in which the Group distributes its content to 33. The Board is confident in the outlook for the second half of 2026 and remains on track to meet full year marketexpectations. Our core licensing business continues to deliver strong growth in North America, supported by theaddition of Alberta as a newly regulated market. Combined with further market regulation and a robust pipeline ofnew game launches, we expect this positive momentum to continue. Mark Segal, Chief Executive Officer of Gaming Realms, commented: "We are pleased with our continued progress in the first half of 2026. Our core business delivered strongunderlying growth, with revenue up around 9% and Adjusted EBITDA up around 16% on a comparable basis,excluding the prior-period recognition of a multi-year brand licensing renewal. It has been particularly encouragingto see UK revenues grow and gross gaming revenue return above pre-staking-limit levels, despite the increase in
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Remote Gaming Duty from April, demonstrating the strength of our content and the effectiveness of our recentproduct innovations. "Our international expansion continues at pace, with new launches across Africa and into Peru taking us to 32regulated markets by the end of the Period, while the launch of our new Lucky Lunar studio and eleven new gamereleases underline the strength and depth of our content pipeline. We remain confident in the Group's growthstrategy and our ability to continue delivering value for shareholders in the second half of the year and beyond." *Adjusted EBITDA is stated before share-based payments. For further information please contact: Gaming Realms plcMichael Buckley, Executive Chairman 0845 123 3773Mark Segal, CEOGeoff Green, CFO Peel Hunt LLP - NOMAD and Joint Broker 020 7418 8900George SellarAndrew Clark Investec Bank plc - Joint Broker 020 7597 4000 James HoptonLydia Zychowska Yellow Jersey 07747 788 221Charles GoodwinAnnabelle Wills About Gaming Realms Gaming Realms creates and licenses innovative games for mobile, with operations in the U.K., U.S., Canada andMalta. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gamingassets in new game formats. As the creator of a variety of SlingoTM, bingo, slots and other games, we use ourproprietary data platform to build and engage global audiences. The Gaming Realms management team includesaccomplished entrepreneurs and experienced executives from a wide range of leading gaming and mediacompanies. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END