Slides
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Q3 2026 Report 4 November 2026 Kambi Group plc – Q3 2026 Report – CEO Werner Becher, CFO David Kenyon
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01 02 03 04 05 Highlights Financial summary Commercial & operational updates Summary Q&A
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Key highlights AI trading rollout continues with 85% of bets now traded through Kambi’s proprietary AI trading system Landmark 10-year Turnkey Sportsbook and PAM partnership agreed with Station Casinos in Nevada Full-year adjusted EBITA (acq) guidance updated to around €26m from €23 - 27m Revenue increased 23% YoY to €46m while adjusted EBITA (acq) more than doubled to €7.9m Kambi Group plc – Q3 2026 Report – CEO Werner Becher, CFO David Kenyon +161% YoY adjusted EBITA (acq) increase 3
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Financial summary Q3 2026 Kambi Group plc – Q3 2026 Report – CEO Werner Becher, CFO David Kenyon Gross profit Q3 20 26 €37.2m Q 3 20 2 5 €32.1m CH A N G E +16% Operating expenses Q3 20 26 €29.2m Q 3 20 2 5 €29.0m CH A N G E +0.7% Adjusted EBITA (acq) Q3 20 26 €7.9m Q 3 20 2 5 €3.0m CH A N G E +161% 4
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4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 0 100 200 300 400 500 600 700 800 900 1,000 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Turnover Index Operator Trading Margin Operator trading analysis Kambi Turnkey Turnover Index and Operator Trading Margin Kambi Group plc – Q3 2026 Report – CEO Werner Becher, CFO David Kenyon 5
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0 2 4 6 8 10 Adj EBITA (acq) Q3 2025 Operator trading margin 2026 launches Net impact of major football tournaments Operator migrations Gaming tax & other Operating expenses Constant currency FX impact Adj EBITA (acq) Q3 2026 Adjusted EBITA (acq) Q3 2026 vs Q3 2025 €m Kambi Group plc – Q3 2026 Report – CEO Werner Becher, CFO David Kenyon Revenue factors 6
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Cash flow Q3 2026 €m Kambi Group plc – Q3 2026 Report – CEO Werner Becher, CFO David Kenyon 40.9 30 35 40 45 50 Opening cash Q3 2026 Operating profit Amortisation of acquired intangibles Working capital, capex, depreciation & other Tax paid Amortisation less development costs Shares repurchased Closing cash Q3 2026 7
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Commercial summary Q3 Q4 so far Ten-year Turnkey Sportsbook and PAM partnership in Nevada Alberta partnership expands Kambi’s Canadian presence Multiple launches in Alberta, North America’s newest regulated market Multi-year Turnkey Sportsbook deal in the UK and Ireland Odds Feed+ partnership across Spain and Peru Multi-year extension with a leading operator in Peru’s regulated market 7 Cedars the fifth property launch since extending PENN partnership Canadian Bank Note Company now live with Kambi in six markets NEW PARTNERSHIP NEW PARTNERSHIP LAUNCH NEW PARTNERSHIPNEW PARTNERSHIP EXTENSION LAUNCH LAUNCH Kambi Group plc – Q3 2026 Report – CEO Werner Becher, CFO David Kenyon 8
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Landmark deal with Station Casinos Turnkey Sportsbook and proprietary PAM to launch in Nevada Kambi Group plc – Q3 2026 Report – CEO Werner Becher, CFO David Kenyon Field testing due to begin next month ahead of wider rollout across the state Covers retail and online sports betting and marks first major deployment of Kambi’s in-house PAM Strategic entry into one of the world’s most established and closely regulated sports betting markets Ten-year partnership with the leading Las Vegas off-strip operator and Kambi’s first partner in Nevada LAS VEG AS, N EVADA 20+ Station Casinos properties 9
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AI trading in action Continued rollout delivering material KPI improvements Kambi Group plc – Q3 2026 Report – CEO Werner Becher, CFO David Kenyon 10 A I T R A D I N G C O V E R AG E 85% of bets now traded through Kambi’s proprietary AI trading system (Q2 2026 = 75%) A L L A I T R A D E D S P O R T S L A T E S T L AU N C H 59% 60% 18m 32% Live bets accepted with a 0 seconds delay, previously 0% Lower average live delay than in 2025 More live bets estimated annually with further improvements to come Lower bet rejection in live NBA since transitioning to AI trading at season start on 20 October
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Kambi Group plc – Q3 2026 Report – CEO Werner Becher, CFO David Kenyon Powerful Network. Proven Edge. The world’s leading AI-powered sports betting network 70+ operator partners €17bn+ annual turnover 1.5bn+ bets a year 7m+ active players P O W ER O F TH E N E TW O RK Every bet sharpens pricing for every partner Each new operator, market and bet makes it stronger AI that learns from network-wide trading signals Network data guides what experiences to create next W HY I T’ S H A RD T O C OP Y 15+ years of proprietary pricing and trading data Extensive sports expertise and domain knowledge Network scale built across 100+ regulated jurisdictions Structural advantage rivals can’t shortcut 11
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Summary Kambi Group plc – Q3 2026 Report – CEO Werner Becher, CFO David Kenyon Continued strong 2026 financial performance AI trading transformation accelerating Unique assets to drive innovation and growth 12
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Q&A kambi.com
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Thank you kambi.com