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Kambi Group plc Q2 2026 Report 22 July 2026 Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon 1
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Agenda 1. Highlights 2. Financial summary 3. Operational updates 4. Summary 5. Q&A 2
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Highlights Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon 3 Strong financial performance with 13% YoY revenue growth and adjusted EBITA ( acq ) doubling to €7.6m Full - year outlook increased to an estimated adjusted EBITA (acq) of €23 - 27m Over €1bn turnover at 18% operator trading margin across fully AI - traded FIFA World Cup Signed Turnkey partnerships with Canadian lotteries and Pure Casino, and Odds Feed+ with RETABET
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Financial summary 4 Revenue €45.9m Operating expenses €31.5m Adjusted EBITA (acq) €7.6m Q2 2026 Q2 2025: €40.5m Q2 2025: €31.7m Q2 2025: €3.7m Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon The definition of adjusted EBITA (acq) has been updated to exclude the impact of foreign exchange revaluations.
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14.0% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 0 100 200 300 400 500 600 700 800 900 1,000 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Turnover Index Operator Trading Margin Operator trading analysis Kambi Turnkey Turnover Index and Operator Trading Margin 5 Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon
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0 2 4 6 8 10 12 14 16 Adj EBITA (acq) Q2 2025 Operator trading margin 2026 launches Major football tournaments Operator migrations Gaming tax & other Cost of sales Operating expenses Constant currency FX impact Adj EBITA (acq) Q2 2026 Adjusted EBITA (acq) Q2 2026 vs Q2 2025 €m 6 Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon Revenue factors
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20 30 40 50 Opening cash Q2 2026 Operating profit Amortisation of acquired intangibles Working capital, capex, depreciation & other Tax paid Amortisation less development costs Shares repurchased Closing cash Q2 2026 Cash flow Q2 2026 €m 7 Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon
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Launched with RSI on day one of the Alberta market opening Commercial summary 8 Q2 Q3 so far Signed Turnkey Sportsbook partnership with Pure Casino Entertainment Selected to power multi - province Canadian sportsbook solution Partnership extension agreed with LatAm operator BetWarrior Agreed extension with tribal operator Desert Diamond Casinos Signed online sports betting partnership with Canadian Bank Note Company 14 partner launches completed during Q2 Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon Agreed PAM partnership with 4 Bears Casino & Lodge in North Dakota Signed Odds Feed+ partnership with RETABET Group in Spain and Peru
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FIFA World Cup product excellence Setting a new benchmark for soccer betting Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon 9 Kambi's proprietary AI trading system enabled improvements across entire sportsbook Continued shift towards higher - margin bet types with deeper props offering and increased combinability Delivered market - leading UX with high market availability and bet acceptance rates New front - end capabilities increased the flexibility for partners to deliver a unique user experience 22% Bet Builder as % of live bets (versus 3% 2022) 1 million unique combinations placed on the final
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Record - breaking FIFA World Cup Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon 10 1bn+ Turnkey Sportsbook turnover 18% operator trading margin 35% Bet Builder as % of all bets +20% avg. operator turnover per match (versus 2022) 46% turnover from Latin America Leading product and AI trading capability enabled strong and consistent margin Cumulative operator trading margin 0% 5% 10% 15% 20% 25% 30%
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Our unique AI advantage 11 A self - reinforcing AI pricing flywheel Partner network scale c.70 partners Global coverage Various operator types Product quality Sharper odds Wider offering Greater combinability AI trading system Proprietary technology Evolving since 2022 75%+ bets traded by AI in Q2 Unique data €17bn global liquidity Billions of bets per year 99% regulated markets Growth and retention Partner satisfaction Network growth More attractive to prospects Better economics Higher margin Lower risk More efficient Self - learning AI pricing engine Continuously improving with every bet Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon AI trading overview Soccer Tennis Ice hockey Basketball Baseball Am. football Table tennis Esports Volleyball Completed Roadmap
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Summary Strong financial performance, leading to increased full - year guidance Hugely successful FIFA World Cup from both product and margin perspective Accelerating expansion of AI trading edge to key sports over coming months 12 Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon
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Q&A kambi.com 13 Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon
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kambi.com Thank you 14 Kambi Group plc – Q2 2026 Report CEO Werner Becher, CFO David Kenyon