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| GiG Software PLC 26 August 2026 Q2-26
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| Q2 2026 - Interim Report 2 Agenda 1. Key HighlightsRichard Carter CEO Richard Carter CEO 2. Financial Review 3. Strategic Progress and Outlook Phil Richards CFO
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Key Highlights 3 Completion of €16.4 million 888AFRICA transaction, acquiring 80% of a profitable, cash generative marketing leading B2C operator in the African market €8.8 million revenue with €0.8 million adjusted EBITDA for the quarter Further pipeline conversion momentum with seven commercial agreements signed, including four contract renewals and three for the newly regulated Alberta market Nine successful brand launches during the quarter, 13 for the year to date CoreX certification for Spanish market enabling migration from legacy Alira platform, triggering additional savings and efficiencies €10m+ annualised cash cost savings implemented with the impact seen during Q2 2026 onwards | Q2 2026 - Interim Report
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Q2 2026 Financials Phil Richards CFO 4| Q2 2026 - Interim Report
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Revenue & Adjusted EBITDA* (MEUR) 5 RevenueAdjusted EBITDA* *Adjusted for share based payments, bad debt provisions and one-off ex-gratia payments Solid quarter with no one-off revenue items Financial Summary (€m) - Q2 2026 €8.8m Reported revenue in Q2 €0.8m Q2 2026 EBITDA 9 new brand launches during the quarter Underlying revenue growth, excluding non recurring revenue, of 14% YoY | Q2 2026 - Interim Report Cost base decrease year on year
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REVENUE DEVELOPMENT 8.00m €9.3m +€1.0m -€0.7m -€0.8m €8.8m Revenue Q2 2025 Customer growth Setup fee change Other non-recurring Revenue Q2 2026 +7% Total revenue, trailing 12 months to Q2 2026 vs TTM to Q2 2025 (€34.6m → €37.0m) +14% Underlying recurring revenue YoY growth +6% YoY Sportsbook Revenue increase GiG Software PLC | Q2 2026 Investor Presentation 3 14% underlying revenue growth Q2 2025 vs Q2 2026 Revenue Bridge (€m)
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COST DISCIPLINE Cost base down €1m on a trailing 12-month basis Total operating expenditure for the twelve months to Q2 2026 fell to €31.4m, from €32.5m in the twelve months to Q2 2025: a 3.2% reduction achieved across every cost line, with personnel and marketing delivering the bulk of the saving. €32.5m -€0.2m -13.7% -€0.9m -3.8% -€0.0m -0.3% €31.4m TTM to Q2 2025 Marketing Personnel Other admin TTM to Q2 2026 -3% Total operating expenditure, TTM to Q2 2026 vs TTM to Q2 2025 (€32.5m → €31.4m) -4% Personnel costs, the largest absolute saving at -€0.9m TTM, reflecting completed restructuring -14% Marketing expenses, the sharpest percentage reduction as customer acquisition becomes more efficient GiG Software PLC | Q2 2026 Investor Presentation 1
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COST DISCIPLINE — GROSS CASH BASIS Q2 2026 cash opex: 6% year-on-year decrease Gross operating expenses excluding capitalised salaries decreased 6% YoY and by €1.2m from Q4 2025 €11.1m €11.7m €11.6m €11.3m €10.4m Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 -6% Gross cash opex, Q2 2026 vs Q2 2025 (€11.1m → €10.4m), and 11% below the Q3 2025 peak GiG Software PLC | Q2 2026 Investor Presentation 5 -25% FTE reduction since 1 Jan Removal of 25% personnel cost base to streamline operations, utilising AI and operational efficiencies to mitigate any impact. Removal of unprofitable operations Exiting US, Philippines and white label business allowing for focus on core customers, whilst at the same time cutting significant costs from the business
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9 €10m+ cost savings realised from Q2 2026 Adjusted EBITDA development Q2 2025 – Q2 2026 (€m) Q2-25 0.3 Q2 2026 Adjusted EBITDA 4.3 People CostsCOGSRevenueQ2 2025 Adjusted EBITDA €0.8m adjusted EBITDA (Q2 2025: €1.1 million) Excl share based compensation, bad debt provisions and ex-gratia payments of €0.1m, €3.0m and €0.1m respectively (2025: €0.1m and €0.1m) 1.2 | Q2 2026 - Interim Report Marketing Other admin costsOpex significantly decreasing YoY €10m+ Annualised costs savings enacted from end of Q2 1.0 0.8YoY reduction in people costs (excl capex)€0.9m
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10 6.3 Continued focus on reducing cash out flow Q2 2026 cashflow waterfall (€m) +€0.5m QoQ operational cashflow improvement Additional cash flow in H2 with cash-generative 888AFRICA acquisition Cash position as at 30 June of €3.5m | Q2 2026 - Interim Report Total 30-Jun-26 Strengthened cash position with additional funding for 888AFRICA
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Strategic Update & M&A Richard Carter CEO 11 | Q2 2026 - Interim Report
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Strategic Reset: Right-Sizing for Cash and Sustainable Growth Q2 2026 Strategy Update Focus on the Core Concentrate investment and commercial attention on the key customers already growing well on the platform. Exit Unprofitable Businesses Divest or wind down business lines that do not clear an acceptable return, freeing management time and capital. Withdraw from Unprofitable Markets Exit geographies that do not offer a credible path to profitability, including the US, Philippines and white label business. Streamline the Cost Base Right-size headcount and operating costs to match a leaner, more focused business. The outcome: a leaner, cash-generative core business, repositioned for sustainable standalone growth in 2027. | Q2 2026 - Interim Report
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Strategic Reset: Right-Sizing for Cash and Sustainable Growth Q2 2026 Strategy Update Cost and Cash Flow Transformation Strategic restructuring has successfully optimized our operational footprint, ensuring a leaner model without compromising platform revenue stability. STABLE REVENUE PERFORMANCE Core revenue remains highly resilient throughout the execution of the reset, highlighting the strength of our fundamental platform partnerships. DECISIVE OPEX DECREASE Operational expenses (Gross OPEX excl. CAPEX) decline sharply, reflecting streamlined headcounts and strategic market exits. CASH OUTFLOWS MINIMIZED Underlying cash burn is dramatically reduced, placing the business on a clear and immediate trajectory toward positive cash generation. Q1 2026 – Q4 2026 Indicative Trend Analysis Demonstrating stable topline performance with aggressive cost containment Revenue OPEX (excl. CAPEX) Underlying Cash Flow 15.0 10.0 5.0 0.0 -5.0 Q1 2026 Q2 2026 Q3 2026 Q4 2026
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M&A Update: Africa market overview | Q2 2026 - Interim Report
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Africa: structural growth drivers The drivers powering one of the fastest growing global markets DEMOGRAPHICS 1.5B → 2.5B Population by 2050 Africa will add roughly one billion people by 2050, building a large and youthful consumer base for decades. CONNECTIVITY 4G mainstream Across major markets Mobile networks are expanding rapidly, enabling seamless access and better user experiences at scale. PAYMENTS 70%+ Mobile money adoption Frictionless, mobile-first payments are unlocking access to millions of new players across the continent. REGULATORY Fast-maturing Regulatory landscape Markets are shifting from informal play toward long-term, compliant, licensed frameworks. Q2 2026 – Interim Report
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Africa is entering its next growth phase The structural drivers behind the fastest-growing regulated gaming markets. Population Growth Youngest population: More than double global growth projections. Mobile Adoption Accelerates connectivity with massive upside potential across Africa. Regulation Expansion Maturing from unregulated play to long-term compliant operators. GDP Growth Structural drivers behind the fastest-growing regulated gaming markets. | Q2 2026 - Interim Report Africa: Total Addressable Market 14% CAGR from 2025 - 2030 6.2 2023 8.6 2024 11.6 2025 14.1 2026 16.6 2027 18.5 2028 20.8 2029 22.2 2030 *Source: H2GC Africa Total Addressable Market 2023 - 2030 USDm*
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888 Africa: Rationale and Business Overview | Q2 2026 - Interim Report
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888AFRICA Acquisition Adding scale, geographic diversification and product leadership to the GiG platform 01 New geography, proven revenue base Entry into high-growth, regulated African markets through an established operator with an existing player base and licences. 02 Immediate top-line scale $50m+ annualised NGR run-rate adds meaningful scale to the combined group from completion. 03 Strengthened product leadership We expect to strengthen and bolster our product capability across the enlarged group as we benefit from 888AFRICAʼs highly regarded product teams and closer overall B2C ties. 04 Disciplined deal structure Phased consideration funded via both convertible facility and directed equity issue with existing shareholders. 05 Cash generation and synergy upside Consistent cash generation from the combined group strengthens the balance sheet, with further upside from synergies still to be realised, including platform consolidation. 80% Stake acquired from Evoke €16.4m Total consideration $50m+ Annualised NGR run-rate Funded through Convertible facility and directed equity issue
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888AFRICA Financial Performance Q4 2025 - Q2 2026 Over $100m NGR in 3 years - Building scalable growth in high-potential African markets $100M+ Cumulative NGR• Since Q4 '22 6M FTDs since Q4 '22 $50M Run-rate NGR 800K Monthly Active Users 200K Daily Active Users 888AFRICA: FINANCIAL PERFORMANCE Quarterly NGR & Profitability Trends (USD Millions) Total NGR Gross Profit Adj. EBITDA EBIT 15 Q4 2025 Q1 2026 Q2 2026 14.8M 6.2M 1.9M 1.1M +32% NGR Growth Q4'25-Q2'26 +77% Gross Profit Surge +$4.1M Adjusted EBITDA Turnaround | Q2 2026 - Interim Report 0 10 5 11.3M 3.6M -2.2M -3.2M
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20 Expected Revenue €44m - €48m Adjusted EBITDA €5m - €7m Guidance Drivers & Outlook ◆ Cash Generation Continued progress towards underlying cash generation across FY 2026. ◆ Profitability Delivery Continued cost reduction delivery to improve overall corporate profitability. ◆ 888AFRICA Integration Addition of 888AFRICA resulting in immediate and increased cash generation. ◆ Quarterly Revenue Impact Revenue contribution from proposed 888AFRICA integration for a full quarter Q4 2026. Integration of 888AFRICA from Q4 2026 accelerating cash flow + strengthening balance sheet Updated 2026 Guidance | Q2 2026 - Interim Report
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21 Quarter of operational progress alongside delivering €10m+ of annualised cost savings impacting Q2 onwards Thirteen launches YTD, ahead of FY 2026 guidance Continued focus on underlying cash flow generation Proposed 888AFRICA acquisition significantly accelerating revenue, EBITDA and cash generation Post integration we expect the combined group of GIG and 888AFRICA to be cash flow positive on a quarterly basis (move to below 888AFRICA) Ongoing confidence in GIG’s future growth prospects Significant strategic shift following 888AFRICA acquisition to accelerate growth Summary | Q2 2026 - Interim Report
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Thank You Q&A 22| Q2 2026 - Interim Report
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Appendix 23 | Q2 2026 - Interim Report
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24 in brief ~300 employees Offices in Malta, Spain & France 31 Global platform licenses or equivalent Founded from Scandinavian origins in 2012. Publicly listed on the Nasdaq Stockholm First North Premier Growth market, GiG is a global leader in iGaming Platform and Sportsbook for regulated markets, compliant in 31 jurisdictions worldwide. Listed on Nasdaq Stockholm First North Premier Growth (Sweden) Ticker: GIG SDB 70+ brands live worldwide 31+ compliant markets, with over 80% GGR generated from regulated markets ISO 27001:2013 certification for Platform, Data platform, Frontend development, CMS and Sportsbook. Europe €56b Asia €32b Oceania €6b Latam €8b N. America €31b Global iGaming Market size **Estimated Gross Win per Continent in 2024 | Q2 2026 - Interim Report
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25 A new era of iGaming solutions GiG is one of the very few full end-to-end providers that can truly boast next-generation technology. Our full turnkey suite of products and services is built to go beyond in powering iGaming and Sports Betting growth. Powerful iGaming Platform Powerful, scalable and highly adaptable multijurisdictional platform technology, driving limitless growth for our partners. Revolutionary sportsbook Revolutionary sportsbook specifically tailored and localised to your strategy, driving growth in the most complex regulated markets around the world. Social Casino Sweepstakes The most secure next-gen technology and iGaming platform, combined with the most entertaining social and gamification tools available for sweepstakes casinos. Advanced AI and machine learning tool DataX & LogicX; innovative, real-time reporting and intelligent rules based solutions, built to maximise your acquisition and retention, powering results. | Q2 2026 - Interim Report
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8%Argentina Market share by rev. Addressable Markets & Current Market Share Highlights 9%Peru Market share by rev. €352k · 4P €352k · 1P €352k · 4P 9% Spain market share by rev. New Zealand 11% Croatia casino market share by rev. 45+ Partners Live >40% of clients take Sportsbook 31+ Markets Live 26| Q2 2026 - Interim Report
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Our unique advantages ● 31 regulated markets giving a large addressable market ● Leading regulatory market penetration in the sector ● Market leading technology - allowing for quicker new market penetration ● Full end-to-end service provider Strategically placed at the heart of the sector & well-positioned to capture growth GiG Market Position Enhanced by Tech/Product Investment GiG is one of very few full turnkey suppliers offering an end-to-end suite of products PAM Sportsbook Regulated Dot Com 27 | Q2 2026 - Interim Report
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28 Making best use of our technology and scale to build and grow preferred opportunities for our partners in high value markets Model Regulation Markets Powerful & distinct brands Expert delivery Aligned & engaged organisation + GiG’s growth strategy to create sustainable value Where we operate How we win Recurring revenue Growth Operational Leverage+ | Q2 2026 - Interim Report
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Investor value proposition High-Growth Revenue Model ☑ ● With proposed addition of 888AFRICA, significant growth opportunity to position the company as a leader in the sector. ● Significant EBITDA and cashflow uplift post acquisition. Best-in-Class Technology & Product Offering ☑ ● A cutting-edge PAM and sportsbook platform, delivering industry-leading player experience, retention, and operational efficiency. ● Seamless integration with third-party providers, ensuring a scalable and flexible ecosystem for operators. Strong Market Position & Expansion Potential ☑ ● Operating in high-growth markets with significant opportunities for global expansion. ● Regulatory expertise enabling smooth market entry and compliance across multiple jurisdictions, currently licensed in 31 Global markets. 29 Experienced Leadership Team ☑ ● Management team composed of seasoned industry specialists with a proven track record in iGaming, technology, and business scaling. ● Deep understanding of market trends, regulatory landscapes, and player behavior, positioning the company for sustained success. Attractive Unit Economics & Scalability ☑ ● Strong margins and revenue visibility due to a scalable platform-based business model. ● Continuous investment in innovation and data-driven personalization to drive higher player lifetime value for our partners. 29| Q2 2026 - Interim Report
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Income Statement 30 EUR m (Unaudited) Q2 2026 Q2 2025 6M 2026 6M 2025 FY 2025 Revenue 8.8 9.3 17.8 18.4 37.6 Cost of sales (0.4) (0.4) (0.8) (0.8) (1.8) Gross profit 8.4 8.8 17.0 17.6 35.8 Gross profit margin 95% 96% 95% 96% 95% Marketing expenses (0.1) (0.1) (0.7) (0.7) (1.0) Personnel costs (5.2) (5.6) (10.9) (11.3) (21.9) Other administrative expenses (2.3) (2.1) (4.4) (4.2) (8.6) Total Operating Expenditure (7.6) (7.8) (16.0) (16.2) (31.5) Adjusted EBITDA 0.8 1.0 1.0 1.4 4.3 Spin-off Costs - - - - - Bad debt provisions (2.9) - (2.9) - - Share Based Compensation (0.0) (0.1) (0.2) (0.2) (0.4) Other exceptional items (0.1) - (0.4) - (0.5) EBITDA (2.2) 1.0 (2.4) 1.2 3.4 Depreciation & Amortisation (4.8) (4.8) (9.5) (9.7) (19.2) Other income/(expense) - 0.2 - 0.4 0.6 Intangible Asset/Goodwill impairment - - - - - EBIT (7.0) (3.7) (11.9) (8.1) (15.2) Finance income/(Expense) (0.0) (0.0) (0.0) (0.0) (0.1) Tax (0.2) (0.4) (0.5) (0.5) 0.4 Loss after Tax (7.2) (4.1) (12.4) (8.6) (14.9)
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Balance Sheet 31 EUR m (Unaudited) 30 June 2026 30 June 2025 31 December 2025 Assets Non-current assets: Goodwill 12.7 12.7 12.7 Intangibles assets 27.3 29.7 29.8 Property, plant and equipment 1.3 2.1 1.7 Right-of-use assets 1.0 1.1 2.2 Deferred tax assets 0.5 0.3 0.3 Trade and other receivables 2.1 2.9 3.6 Total non-current assets 44.9 48.8 50.3 Current assets: Trade and other receivables 11.8 12.7 13.4 Cash and cash equivalents 3.5 4.3 9.9 Total current assets 15.3 17.0 23.3 Total assets 60.2 65.8 73.6 Liabilities and Shareholders' Equity Equity 43.9 46.5 56.3 Total Equity 43.9 46.5 56.3 Liabilities Non-current liabilities: Lease liabilities 1.1 0.8 1.9 Other payables 1.4 1.6 1.9 Long term loans - - - Total non-current liabilities 2.5 2.5 3.8 Current liabilities: Trade payables and accrued expenses 12.5 14.7 12.2 Lease liabilities 1.3 1.8 1.3 Short term loan - 0.3 0.1 Total current liabilities 13.8 16.8 13.6 Total liabilities 16.3 19.3 17.4 Total equity and liabilities 60.2 65.8 73.8
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Cash Flow 32 EUR m - (Unaudited) Q2 2026 Q2 2025 6M 2026 6M 2025 FY 2025 Cash flow from operating activities Profit/(loss) from operations (7.0) (3.7) (11.8) (8.1) (15.3) Depreciation & Amortization 5.1 4.8 10.1 9.6 19.2 Impairment of intangible assets - - - - - Shared based compensation 0.1 0.1 0.1 0.2 0.3 Bad Debt and receivables impairments 2.9 (0.1) 2.9 (0.1) (0.3) Income taxes paid (0.0) (0.0) 0.1 (0.0) (0.7) Change in trade and other receivables 0.3 0.5 1.5 0.8 (0.4) Change in trade and other payables (0.8) 0.2 (2.3) (0.4) (1.2) Net cash generated from/(used in) operating activities 0.6 1.8 0.6 2.0 1.6 Cash flows from investing activities: Development costs of intangible assets (2.9) (3.5) (6.6) (6.9) (15.4) Purchases of property, plant and equipment (0.1) (0.1) (0.2) (0.3) (0.6) Net cash used in investing activities (3.0) (3.6) (6.8) (7.3) (16.0) Cash flows from financing activities: RCF draw down/(Repayment of loans) 1.0 (0.1) 0.9 (0.2) (0.3) Interest paid (0.0) (0.0) (0.1) (0.1) (0.2) Lease liability principal payments (0.5) (0.7) (0.9) (1.3) (2.2) Capital contribution from previous Group - 1.8 - 4.5 4.5 Issuance of shares - 0.2 - 0.2 16.1 Net cash generated from/(used in) financing activities 0.5 1.2 (0.1) 3.2 17.9 Net movement in cash and cash equivalents (1.9) (0.6) (6.3) (2.1) 3.5 Effect of exchange rate changes on cash and cash equivalents (0.0) (0.0) (0.1) 0.0 0.0 Cash and cash equivalents at the beginning of period 5.4 4.9 9.9 6.4 6.4 Cash and cash equivalents at the end of period 3.5 4.3 3.5 4.3 9.9
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This presentation includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters including information relating to the future of GiG Platform, its key strategic priorities and commercial goals, its operating plans, objectives and prospects, including, its future financial or business performance, conditions, or strategy, including expectations regarding 2026, its future product demand trends, its partnerships, its ability to deliver a competitive product, the global market opportunities, and key upcoming milestones. Each forward-looking statement contained in this presentation is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. GiG Platform cautions investors not to place considerable reliance on the forward-looking statements contained in this presentation. Investors are encouraged to read GiG Platform's filings with NASDAQ Stockholm, and on our website at www.gig.com. The forward-looking statements in this presentation speak only as of the date of this presentation, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties as elaborated on in the Company’s 2025 Annual Report. Investors, potential investors, and others should give careful consideration to these risks and uncertainties For further information, please contact: Richard Carter, CEO GiG Software Plc, ir@gig.com Phil Richards, CFO GiG Software Plc, ir@gig.com Disclaimer Pioneers in highly regulated markets ● 29 + global platform licenses ● Leading in number of regulated markets 33