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IIII Supergroup EXTRE 4.00 / 200 O 10.00 BO 2Q 2026 Earnings Review August 4 , 2026 QUARTER Two betway 14 betway
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DISCLAIMERS 2 Forward-Looking Statements Certain statements made in this presentation are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, Super Group’s intention to pay a dividend, including the expected timing of such dividend, expectations and projections of market opportunity, growth and profitability.These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “pipeline,” “possible,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this presentation, including but not limited to: (i) the ability to implement business plans, forecasts and other expectations, and identify and realize additional opportunities; (ii) changes in the competitive and regulated industries in which Super Group operates; (iii) variations in operating performance across competitors; (iv) changes in laws and regulations affecting Super Group’s business; (v) Super Group’s inability to meet or exceed its financial projections; (vi) changes in general economic conditions; (vii) changes in domestic and foreign business, market, financial, political and legal conditions, including abrupt or unexpected changes in interest rates or increases in inflation or inflationary expectations and reductions in discretionary consumer spending; (viii) the ability of Super Group’s customers to deposit funds in order to participate in Super Group’s gaming products; (ix) Super Group’s ability, and the ability of Super Group’s key executives, certain employees, significant shareholders or other applicable individuals, to comply with regulatory requirements or successfully obtain a license or permit required in a particular regulated jurisdiction, or maintain, renew or expand existing licenses; (x) the effectiveness of technological solutions Super Group has in place to block customers in certain jurisdictions, including jurisdictions where Super Group’s business is illegal, or which are sanctioned by countries in which Super Group operates from accessing its offerings; (xi) Super Group’s ability to restrict and manage betting limits at the individual customer level based on individual customer profiles and risk level to the enterprise; (xii) Super Group’s ability to protect or enforce its intellectual property rights, the confidentiality of its trade secrets and confidential information, or the costs involved in protecting or enforcing Super Group’s intellectual property rights and confidential information, and Super Group’s ability to obtain new licenses and maintain, renew or expand existing licenses to use the intellectual property of third parties; (xiii) compliance with applicable data protection and privacy laws in Super Group’s collection, storage and use, including sharing and international transfers, of personal data; (xiv) failures, errors, defects or disruptions in Super Group’s information technology and other systems and platforms; (xv) Super Group’s ability to develop new products, services, and solutions, bring them to market in a timely manner, and make enhancements to its platform; (xvi) Super Group’s ability to maintain and grow its market share, including its ability to enter new markets and acquire and retain paying customers; (xvii) the success, including win or hold rates, of existing and future online betting and gaming products; (xiii) competition within the broader entertainment industry; (xix) Super Group’s reliance on strategic relationships with land based casinos, sports teams, event planners, local licensing partners and advertisers; (xx) events or media coverage relating to, or the popularity of, online betting and gaming industry; (xxi) trading, liability management and pricing risk related to Super Group’s participation in the sports betting and gaming industry; (xxii) accessibility to the services of banks, credit card issuers and payment processing services providers due to the nature of Super Group’s business; (xxiii) the regulatory approvals related to proposed acquisitions and the integration of the acquired businesses; and (xxiv) other risks and uncertainties indicated from time to time for Super Group including those under the heading “Risk Factors” in our Annual Report on Form 20-F filed with the SEC on April 17, 2026, and in Super Group’s other filings with the SEC. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in other documents filed or that may be filed by Super Group from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Super Group assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Super Group does not give any assurance, representation or warranty that it will achieve its expectations in any specified time frame or at all. Use of Projections This presentation contains projections, including Adjusted EBITDA (Group, U.S. and Ex-U.S.) and Total Revenue (Group, U.S. and Ex-U.S.). Our independent auditors have not audited, reviewed, compiled, or performed any procedures with respect to the projections for the purpose of their inclusion in this presentation and, accordingly, have not expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this presentation. These projections are for illustrative purposes only and should not be relied upon as being indicative of future results. The assumptions and estimates underlying the projected information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projected information. Even if our assumptions and estimates are correct, projections are inherently uncertain due to a number of factors outside our control. Accordingly, there can be no assurance that the projected results are indicative of our future performance or that actual results will not differ materially from those presented in the projected information. Inclusion of the projected information in this presentation should not be regarded as a representation by any person that the results contained in the projected information will be achieved. This presentation also includes certain projections of certain financial measures not presented in accordance with International Financial Reporting Standards or International Accounting Standards issued or adopted by the International Accounting Standards Board (“IFRS”). Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, we are unable to quantify certain amounts that would be required to be included in the most directly comparable IFRS financial measures without unreasonable effort. Preliminary Financial Results The financial results included in this presentation are preliminary, have not been audited and are subject to change upon completion of the audit of Super Group's financial statements for the year ended December 31, 2026. As a result, these preliminary results may be different from the actual results that will be reflected in Super Group's consolidated financial statements to be included as part of Super Group's Annual Report on Form 20-F for the year ended December 31, 2026 to be filed with the US Securities and Exchange Commission. Trademarks and Trade Names We own or have rights to various trademarks, service marks and trade names that we use in connection with the operation of our businesses. This presentation also contains trademarks, service marks, trade names and copyrights of third parties, which are the property of their respective owners. The use or display of third parties’ trademarks, service marks, trade names or products in this presentation is not intended to, and does not imply, a relationship with us or an endorsement or sponsorship by us. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this presentation may be listed without the TM, SM, (C), (R) or TM symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, their rights or the right of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights. Non-GAAP Measures This presentation includes non-GAAP financial information not presented in accordance with the International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board. EBITDA, Adjusted EBITDA, Adjusted EBITDA Group, Adjusted EBITDA ex-U.S. and Adjusted EBITDA U.S. are non-GAAP, company-specific performance measures that Super Group (“The Group”) uses to supplement the Group’s results presented in accordance with IFRS. The Group is defined as the combined U.S. and Ex- U.S. business. EBITDA is defined as profit before depreciation, amortization, finance income, finance expense and income tax expense. Adjusted EBITDA is EBITDA adjusted for RSU expense, change in fair value of options, unrealized foreign exchange, gain on disposal of business and other adjustments. Adjusted EBITDA ex-U.S. is Adjusted EBITDA relating to the rest of the Group, excluding Digital Gaming Corporation ('“DGC'”). Adjusted EBITDA U.S. is Adjusted EBITDA relating to the DGC. For a reconciliation of EBITDA, Adjusted EBITDA, Adjusted EBITDA ex-U.S. and Adjusted EBITDA U.S., please refer to the reconciliation tables in the back of this presentation. The Group believes that these non-GAAP measures are useful in evaluating the Company’s operating performance as they provide additional perspective on the financial performance of our core business, are similar to measures reported by the Company’s public competitors and are regularly used by securities analysts, institutional investors and other interested parties in analyzing operating performance and prospects. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by IFRS to be recorded in Super Group’s financial statements. In order to compensate for these limitations, management presents non-GAAP financial measures together with IFRS results. Non-GAAP measures should be considered in addition to results and guidance prepared in accordance with IFRS, but should not be considered a substitute for, or superior to, IFRS results. Reconciliation tables of the most comparable IFRS financial measure to the non-GAAP financial measures used in this presentation, and supplemental materials are included below. Super Group urges investors to review the reconciliation and not to rely on any single financial measure to evaluate its business. In addition, other companies, including companies in our industry, may calculate similarly named non-GAAP measures differently than we do, which limits their usefulness in comparing our financial results with theirs. Change in presentation currency The Group has adopted a change in presentation currency from Euros to USD effective as at January 1, 2025. Accordingly, the comparatives have been re-presented retrospectively as if the new presentation currency had always been the presentation currency. Assets and liabilities previously reported in Euros have been converted to USD as at December 31, 2024, using the period end foreign exchange rates of the underlying functional currency of the respective subsidiaries within the Group. Items within the statement of Profit or Loss and Other Comprehensive Income previously reported in Euros have been converted to USD from the functional currency of the respective subsidiaries within the Group using the average monthly foreign exchange rates at the date of the transaction. Historic equity transactions were converted at the average monthly foreign exchange rates at the date of the transactions and were subsequently carried at the historic value. The results presented are unaudited. Change in segment reporting Effective for the year ending December 31, 2026, the Group will report its results under two new reportable segments: Africa and International. Previously, the Group reported its results based on two primary reportable segments: Betway (single-brand sportsbook and casino) and Spin (multi-brand online casino). These segments formed the basis for segment reporting in the consolidated financial statements through December 31, 2025.This change reflects the evolution of the Group’s internal management structure and the shift in strategic focus to regional performance and market-specific dynamics. The new segment structure is consistent with the Group’s internal reporting, resource allocation, and decision-making processes. The Group believes this change will enhance the transparency of its financial reporting and provide stakeholders with more meaningful information regarding performance, risks, and opportunities in its key geographic markets.
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Business Update01 Financial Highlights02 Guidance03 Appendix04
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CURRENT BUSINESS HIGHLIGHTS Record quarterly Total Revenue of $684 million (+18% YoY; +22% YoY Ex- U.S.); Adjusted EBITDA of $204 million (+30% YoY; margin of 30%) Cash and cash equivalents of $548 million, as of June 30, 2026; ~$25 million paid in dividends in 2Q-26 (LTM total ~$218 million) Average Unique Monthly Active Customers of 6.2 million (+13% YoY) in 2Q-26 Raising FY-26 Total Revenue guidance to >$2.6 billion and Group Adjusted EBITDA to >$710 million 01 Landmark partnership with Manchester United: Principal Partner and Exclusive Global Betting Partner 02 03 04 05 06 Record World Cup engagement: 4.1x Revenue and 3x new customers vs. 2022; 53% of new customers engaged with casino 5 Momentum continues into second half of the year: all-time highs in revenue, deposits, and wagering
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$548m Cash and Cash Equivalents (As of June 30, 2026) 6.2m Average Unique Monthly Active Customers +13% YoY 2Q-26 KEY FINANCIALS1,2,3,4 1 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) 2 For a reconciliation of Adjusted EBITDA, please refer to the reconciliation tables in the back of this presentation 3 Totals may not sum due to rounding 4 Amounts reflected in the difference between total Group results and the Africa and International segments represent head office costs and other expenses that cannot be practically allocated to an operating segment. It includes immaterial income relating to brand license fees and, rental income earned on the letting of property owned by the Group and a share of losses and profits from associates. 30% Adjusted EBITDA2 Margin +279 bps YoY $684m Total Revenue1,3 +18% YoY (+22% YoY Ex-U.S.) $204m Adjusted EBITDA2,3 +30% YoY 6 Customer growth fuelling record revenue, expanding margins and balance sheet strength
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$310m Total Revenue1,3 Africa 2Q-26 SEGMENTAL BREAKDOWN: KEY FINANCIALS1,2,3,4 $84m Adjusted EBITDA2,3 $368m Total Revenue1,3 (+12% YoY Ex-U.S.) International $133m Adjusted EBITDA2,3 7 +36% YoY +47% YoY +7% YoY -1% YoY 1 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) 2 For a reconciliation of Adjusted EBITDA, please refer to the reconciliation tables in the back of this presentation 3 Totals may not sum due to rounding 4 Amounts reflected in the difference between total Group results and the Africa and International segments represent head office costs and other expenses that cannot be practically allocated to an operating segment. It includes immaterial income relating to brand license fees and, rental income earned on the letting of property owned by the Group and a share of losses and profits from associates. Diversified mix: Africa and International delivered strong revenue gains and EBITDA expansion
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8 AFRICA: EIGHT MARKETS, ONE EXPANDING FOOTPRINT 1 Source: H2GC Global 2030 Interactive TAM estimates as of August 2026 2 CAGR from 2026 to 2030 3 Source: GSMA Association (The Mobile Economy, Africa 2026); Global Average: 74% (DataReportal, Digital 2026 Mid-Year Global Update Report) 4 Source: CIA 5 Source: IMF Driving the next phase of growth across Africa Future prospects Launch date: 4Q26 ANGOLA NAMIBIA ETHIOPIA KENYA UGANDA RWANDA ZIMBABWE 1 2 3 Where we operate: 1. Botswana 2. Ghana 3. Malawi 4. Mozambique 5. Nigeria 6. South Africa 7. Tanzania 8. Zambia 4 5 7 8 Global Total Addressable Market: Africa Total Addressable Market: $537 billion1 (10% CAGR2) $23 billion1 (13% CAGR2) 28% 12/20 20/20 Africa mobile internet connectivity3 Of the fastest growing populations4 Of the fastest growing ecomomies5 6 DEMOCRATIC REPUBLIC OF CONGO
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CONTINUED STRONG GROWTH IN MONTHLY ACTIVE CUSTOMERS 2.6m2.6m2.7m 3.4m3.5m3.7m4.0m 4.7m4.7m4.5m4.7m 5.3m5.4m5.5m5.5m 6.1m6.4m6.2m 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 9 ~13% YoY INCREASE Engagement remained resilient through the FIFA World Cup, with sequential normalization reflecting expected seasonality
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2026 Cohort2025 Cohort2023 - 2024 Cohort2021 - 2022 Cohort1999 - 2020 Cohort 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 10 LONG-TERM GROWTH SUPPORTED BY “SUPER PERSISTENT ANNUITY REVENUE” 1,2,3 NGR from: 1 Net gaming revenue inclusive of VAT and GST 2 Excluding the U.S. and closed markets 3 “Super Persistent Annuity Revenue” (or “SPAR”) refers to a set of Super Group internal metrics for measuring the performance of historic customer cohorts Disciplined acquisition strategy prioritizes lifetime value over promotional volume
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Americas Africa Europe NET REVENUE BY GEOGRAPHY: CONTINUED GLOBAL DIVERSIFICATION1,2 2Q 2025 2Q 2026 36% 40% 19% 6% Americas Africa Europe RoW 29% 46% 20% 5% +30% 2Q 2025 NET REVENUE $570M +19% 2Q 2026 NET REVENUE $676M 11 1 Net Revenue after VAT & GST 2 Totals may not sum due to rounding Key Highlights: • Africa ◦ Exceptional sports and casino momentum ◦ Trading and product efficiency improvements driving significant margin uplift ◦ Continued product diversification and strategic promotional mechanics • Europe ◦ Strategic acquisition ahead of new August football season post-FIFA World Cup ◦ Continued uplift in sports and casino in the U.K. despite tax increase taking effect in April ◦ Entered regulated sports market in Ireland (July 1st) • Americas ◦ Sustained casino growth in Canada driven by product enhancements ◦ Executing a disciplined brand rollout in Alberta following local regulation (July 13th) • RoW ◦ Positive uplift in New Zealand despite discipline while awaiting local regulation Africa leadership and International scale driving revenue growth RoW International: International:
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Africa International NET REVENUE BY SEGMENT AND PRODUCT1: CONTINUED CASINO STRENGTH AND GROWING AFRICA CONTRIBUTION 2Q 2025 2Q 2026 2Q 2025 2Q 2026 1 Net Revenue after VAT & GST 40% 60% 54% 46% Sports Casino 20% 80% 78% 12 22%
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NET REVENUE BY SEGMENT1: GROUP REVENUE MOMENTUM UNDERPINNED BY STRONG GROWTH IN AFRICA 1 Net Revenue after VAT & GST % Net Revenue 20% 19% 23% 22% 26% 30% 29% 33% 37% 37% 38% 42% 39% 40% 41% 42% 44% 46% 80% 81% 77% 78% 74% 70% 71% 67% 63% 63% 62% 58% 61% 60% 59% 58% 56% 54% 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Africa International 13
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NET REVENUE BY PRODUCT1: CASINO REMAINS THE RELIABLE ENGINE OF SUPER GROUP 1 Net Revenue after VAT & GST % Net Revenue 32% 32% 30% 27% 25% 26% 19% 17% 20% 21% 17% 22% 21% 20% 16% 17% 19% 22% 68% 68% 70% 73% 75% 74% 81% 83% 80% 79% 83% 78% 79% 80% 84% 83% 81% 78% 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 14 Sports Casino
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Millions (USD) Margin Casino Wagered Casino Gross Revenue Margin % 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 $0 $2,500 $5,000 $7,500 $10,000 $12,500 $15,000 2% 4% 6% 8% CASINO WAGERS REMAIN STRONG1,2 15 Casino Gross Revenue +15% YoY (+19% YoY Ex-U.S.) Total Casino Wagers +15% YoY (+19% YoY Ex-U.S.) Gross Margin: 4.5% in 2Q-26 vs. 4.4% in 2Q-25 1 Margin defined as Gross Revenue as a percent of Total Wagered 2 Note: Exit of India in September 2023 and exit of U.S. Casino in November 2025 Continued performance underscores the strength of our diversified business model
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16 CASINO MIX 2022 2023 2024 2025 Super Group GGR casino split H12026 85% 87% 89% 87% 90% 14% 12% 9% 9% 6% Slots & Similar Tables (incl. Live Dealer)Other
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1 Gross Margin defined as Gross Revenue as a percent of Total Wagered 2 Note: Exit of India in September 2023, exit of U.S. Sports in July 2024, and exit of New Zealand Sports in July 2025 3 Note: FIFA World Cup in 4Q22; UEFA Euros and Copa America in 2Q to 3Q24; Club World Cup in 2Q to 3Q25; FIFA World Cup in 2Q26 Millions (USD) Margin Sportsbook Wagered Sportsbook Gross Revenue Margin % 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 $0 $200 $400 $600 $800 $1,000 $1,200 5% 8% 10% 13% 15% 18% SPORTSBOOK WAGERS AND REVENUE REMAIN STRONG1,2,3 17 Sports Gross Revenue +29% YoY Total Sports Wagers +8% YoY Gross Margin: 16.8% in 2Q-26 vs. 13.9% in 2Q-25 Continued trading efficiencies and diversification driving continued margin uplift
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18 THE RHYTHM OF THE GAME: MONTHLY SPORTS GROSS MARGIN1,2 11.9% (4.4)% 19.3% 18.8% 7.3% 17.9% 3.9% 18.5% 7.1% 17.7% 15.7% 13.4% 13.6% Sports Gross Margin12MMA 24MMA 1/23 4/23 7/23 10/23 1/24 4/24 7/24 10/24 1/25 4/25 7/25 10/25 1/26 4/26 -5% —% 5% 10% 15% 20% Continued trading efficiencies and diversification driving continued margin uplift 1 Excluding the U.S. and closed markets 2 MMA: Month Moving Average
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19 1 U.S. Sports includes: Ice Hockey, American Football, Baseball, Basketball SPORT MIX: WE LEAD WITH FOOTBALL1 2022 2023 2024 2025 Super Group GGR sports split H12026 57% 58% 76% 76% 77% 17% 15% 4% 4% 5% 11% 11% 8% 7% 6% 3% 4% 4% 5% 5% 5% 6% 4% 4% 3% 6% 6% 4% 4% 4% Football/SoccerCricket U.S. Sports Horse Racing Tennis Other
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20 of Wager Amount 48%52% of Wager Amount PARLAYSSINGLES of Gross Win 77% 23% of Gross Win 1 As of H1 2026 SUPER GROUP PARLAY MIX1 Optimizing wagers for profitability and engagement SINGLES PARLAYS
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2026 FIFA WORLD CUP IMPACT: UNPACKING THE EVENT 21 2x Wagers vs. prior World Cup 428k (3x) New Customers2,3 (vs. prior World Cup) +31% Deposits YoY1 21% Gross Margin vs. 11% prior World Cup 70% World Cup Gross Revenue generated by Parlays 57% World Cup wagers vs. Rest of Soccer1 166m (3.5x) World Cup bet count5 (vs. prior World Cup) Record engagement and casino cross-sell opportunities fuelling long-term returns 4.1x Gross Revenue vs. prior World Cup WORLD CUP CASINO CROSS-SELL3,4 ~53% 1 Comparative period over World Cup dates: June 11, 2026 to July 19, 2026 2 Excluding closed markets 3 New customer defined as a customer who placed a bet on the World Cup 2026 within 30 days of their first active day for Super Group International. New customer defined as new customers active during the World Cup Tournament Dates for Super Group Africa 4 Defined as percent of new customers who placed a bet on the World Cup and made at least one casino wager 5 Unique bets placed during the World Cup period
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2Q26 ZAR SUPERCOIN UPDATE: CONSUMER WALLET 4Q26 Phased launch - Foundational utility now, expanded payments and exchange reach next SOFT LAUNCH, ACCESS, CORE UTILITY, & FEATURE TESTING 22 PHASE 1 PAYMENTS EXPANSION & BALANCE RETENTION International Remittance Rewards & yield Trading pair expansion Broader on/off-ramp partner network Country expansion 3Q26 EXCHANGE EXPANSION OVEX VALR 1Q27 PHASE 2 Increased payment utility Mastercard Solution
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$1,363m $1,556m $1,835m $2,231m $1,296m $375m $363m $412m $517m $612m $342m $415m $447m $579m $684m$310m $388m $443m $557m $336m $389m $534m $578m 1 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) 2 Totals may not sum due to rounding 3 The Group has adopted a change in presentation currency from Euros to USD effective as at January 1, 2025. Accordingly, the comparatives have been re-presented retrospectively as outlined in the disclaimer 4 U.S. included only from 2023 onwards, following consolidation of DGC in January 2023 Delivered record revenue, +18% year-over-year (+22% year-over-year Ex-U.S.), with sustained momentum TOTAL REVENUE1,2,3,4 24 1Q 2Q 3Q 4Q 2022 2023 2024 2025 Africa • Revenue +36% • Wagers: Casino +28%; Sports +5% • Broad-based growth across all markets: South Africa +23%, Ghana +6%, Nigeria +15%, Tanzania +28% International • Revenue +7% (+12% YoY Ex-U.S.) • Wagers: Casino +6%; Sports +10% • Europe +22%, with the U.K. +34% and Ireland +18% • North America Ex-U.S. +9%, with Canada Ex-Ontario increasing +11% and Alberta +8% • RoW +6%, with New Zealand +14% 2026
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Direct Expenses3 increased 23% to $258m: • Elevated processing costs due to World Cup campaigns and hold • Increased taxes in the U.K. and Botswana • Moderately offset by negotiating lower banking fees • Continued focus on optimizing direct cost margins • Direct Expenses as a percentage of Total Revenue: 38% ◦ Ratio has increased from 2Q-25 (36%) $224m $216m $357m $560m $356m $74m $39m $50m $111 $152m $58m $83m $88m $157 $204m $50m $57m $92m $152 $43m $37m $126m $139 Cost optimization initiatives driving Adjusted EBITDA growth of +30% and margin of 30% ADJUSTED EBITDA1,2,3,4 25 1 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) 2 Totals may not sum due to rounding 3 The Group has adopted a change in presentation currency from Euros to USD effective as at January 1, 2025. Accordingly, the comparatives have been re-presented retrospectively as outlined in the disclaimer 4 U.S. included only from 2023 onwards, following consolidation of DGC in January 2023 1Q 2Q 3Q 4Q 2022 2023 2024 2025 2026 G&A Expenses3 increased 13% to $99m: • Ongoing analysis of cost base and realization of efficiencies • Increase attributed to technology cost as we scale • Investment in markets with significant growth potential • G&A Expenses as a percentage of Total Revenue: 14% ◦ Ratio has decreased from 2Q-25 (15%) Marketing Costs3 decreased 1% to $123m: • Investing in high return markets • Continued optimization of marketing budget alongside investment in key brand sponsorships • Marketing as a percentage of Total Revenue: 18% ◦ Ratio has decreased from 2Q-25 (22%)
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30% Adjusted EBITDA as a % of Total Revenue2 18% Marketing costs as a % of Total Revenue 2Q-26 GROUP FINANCIAL KPIs1,2 Net Revenue 14% G&A Expenses as a % of Total Revenue 38% Direct Expenses as a % of Total Revenue 26 1 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) 2 For a reconciliation of Adjusted EBITDA, please refer to the reconciliation tables in the back of this presentation 22% 78% Sports Betting Online Casino
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27 MARKETING COSTS AS A % OF TOTAL REVENUE1 1 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) 28.3% 25.7% 23.4% 28.7%28.0% 22.0% 23.2% 29.2%28.9% 23.9% 21.8% 23.4% 25.5% 21.5%20.9% 23.4%22.9% 18.0% 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Marketing as % of revenue naturally reduces as revenue from super-persistent long-duration cohorts increases FY-22 26.6% FY-23 25.5% FY-24 24.3% FY-25 22.8% H1-26 20.3%
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18.2% 20.8% 22.0% 20.8% 23.9% 21.4% 23.0% 22.3% 21.6% 20.1%19.6% 16.4%15.8% 15.1% 14.3%13.9% 14.6%14.5% 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 FY-22 FY-23 FY-24 FY-25 H1-26 G&A EXPENSES AS A % OF TOTAL REVENUE1 28 Leverage from centralized operations and automation driving long-term efficiency gains 1 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) 20.4% 22.6% 19.2% 14.7% 14.5%
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DIRECT EXPENSES AS A % OF TOTAL REVENUE1 29 33.9% 36.6% 38.5%37.8%37.5%36.7% 39.1%39.1% 37.3% 36.3% 37.7% 36.6%37.2% 36.3% 37.5% 38.7% 37.7%37.8% 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Direct expense tightly managed, demonstrating platform leverage and supporting strong unit economics 1 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) FY-22 FY-23 FY-24 FY-25 H1-26 37.8%36.6% 38.1% 37.0% 37.4%
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ADJUSTED EBITDA AS A % OF TOTAL REVENUE1,2,3 30 1 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) 2 Note: Exit of India 3Q 2023, U.S. OSB 3Q 2024, U.S. iGaming 2Q 2025 3 Note: During the period from 2022 to 2025, exits occurred from Bulgaria, Portugal, France, Belgium, Sweden, Denmark, BA City, Japan, and Brazil 19.6% 16.8%16.2% 12.7% 10.7% 19.9% 14.7% 9.5% 12.2% 19.8%20.9% 23.6% 21.6% 27.0%27.3% 24.0%24.8% 29.8% 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Optimizing market mix to support margin expansion while continuing to grow FY-22 FY-23 FY-24 FY-25 H1-26 27.5%16.4% 13.9% 19.4% 25.1%
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$157m $177m $228m $394m $245m $88m $82m $119m $163m $245m$69m $95m $110m $230m H1 H2 2022 2023 2024 2025 2026 31 FREE CASH FLOW GENERATION1,2 High-quality earnings converting to cash: our asset-light model FCF CONVERSION 2% CAPEX AS % REVENUE 72% 2% 2% 70% 74% 69% 2% 1 Totals may not sum due to rounding 2 Free cash flow represents the cash generated by the business, adjusted for interest received, minus capital expenditure and corporate taxes 2% 68%
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TOTAL REVENUE ADJUSTED EBITDA OLD NEW >$2.55 billion >$680 million RAISING 2026 GUIDANCE: DRIVERS AND ASSUMPTIONS 33 Strong organic growth, marketing and OPEX efficiencies; reinvestment into high growth markets; FIFA World Cup tailwind; new Manchester United partnership TOTAL REVENUE ADJUSTED EBITDA >$710 million >$2.6 billion
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USD (Millions) Net Revenue (Group) Sports Betting Online Casino Other Revenue3 Total Revenue2 (Group) Direct Expenses4 Marketing Costs4 G&A Expenses4 Adjusted EBITDA5 (Group) 1Q-26 2Q-26 1Q-25 2Q-25 604 676 511 570 116 150 106 116 488 526 404 455 8 8 6 9 612 684 517 579 (231) (258) (192) (210) (140) (123) (132) (125) (89) (99) (82) (88) 152 204 111 157 FINANCIAL RESULTS, OPERATING BASIS (Group)1,6 35 1 Totals may not sum due to rounding 2 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) 3 Other relates to Profit Share and Brand License Fee 4 Internal definitions of operational expenditure, and therefore do not agree to the classification per the 6K 5 For a reconciliation of Adjusted EBITDA, please refer to the reconciliation tables in the back of this presentation 6 Amounts reflected in the difference between total Group results and the Africa and International segments represent head office costs and other expenses that cannot be practically allocated to an operating segment. It includes immaterial income relating to brand license fees and, rental income earned on the letting of property owned by the Group and a share of losses and profits from associates.
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USD (Millions) Net Revenue (Africa) Sports Betting Online Casino Other Revenue3 Total Revenue2 (Africa) Direct Expenses4 Marketing Costs4 G&A Expenses4 Adjusted EBITDA5 (Africa) 1Q-26 2Q-26 1Q-25 2Q-25 267 310 201 228 77 108 66 72 189 202 134 156 — — — — 267 310 201 228 (101) (109) (68) (78) (44) (44) (35) (39) (24) (23) (17) (21) 98 133 80 90 FINANCIAL RESULTS, OPERATING BASIS (Africa)1,6 36 1 Totals may not sum due to rounding 2 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) 3 Other relates to Profit Share and Brand License Fee 4 Internal definitions of operational expenditure, and therefore do not agree to the classification per the 6K 5 For a reconciliation of Adjusted EBITDA, please refer to the reconciliation tables in the back of this presentation 6 Amounts reflected in the difference between total Group results and the Africa and International segments represent head office costs and other expenses that cannot be practically allocated to an operating segment. It includes immaterial income relating to brand license fees and, rental income earned on the letting of property owned by the Group and a share of losses and profits from associates.
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USD (Millions) Net Revenue (International) Sports Betting Online Casino Other Revenue3 Total Revenue2 (International) Direct Expenses4 Marketing Costs4 G&A Expenses4 Adjusted EBITDA5 (International) 1Q-26 2Q-26 1Q-25 2Q-25 337 366 310 342 38 42 40 44 299 325 270 299 2 2 1 2 339 368 311 344 (131) (155) (121) (131) (89) (81) (82) (83) (48) (49) (50) (46) 73 84 58 84 FINANCIAL RESULTS, OPERATING BASIS (International)1,6,7 37 1 Totals may not sum due to rounding 2 Total Revenue includes Net Revenue (Net Revenue after VAT & GST) and Other Revenue (including Brand Licensing Revenue) 3 Other relates to Profit Share and Brand License Fee 4 Internal definitions of operational expenditure, and therefore do not agree to the classification per the 6K 5 For a reconciliation of Adjusted EBITDA, please refer to the reconciliation tables in the back of this presentation 6 Amounts reflected in the difference between total Group results and the Africa and International segments represent head office costs and other expenses that cannot be practically allocated to an operating segment. It includes immaterial income relating to brand license fees and, rental income earned on the letting of property owned by the Group and a share of losses and profits from associates. 7 Historical comparables have been revised to reflect a prior misstatement that improperly allocated costs to the International segment that should have been allocated to the Unallocated Costs segment following the implementation of our revised segment reporting beginning January 1, 2026. The Company assessed the materiality of this error on the prior period consolidated financial statements and concluded based on quantitative and qualitative analysis that this error was immaterial to its previously issued financial statements, taken as a whole.
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RECONCILIATION TO FINANCIAL STATEMENTS – ADJUSTED EBITDA USD (Millions) 2Q-26 Profit for the period 123 Income tax expense 45 Finance income (3) Finance expense 8 Depreciation and amortization expense 27 Unrealized foreign exchange 1 RSU expense 5 Provision for Gaming VAT — Provision for fines and penalties 1 Change in fair value of earnout (5) Impairment of assets 2 Adjusted EBITDA 204 Adjusted EBITDA, Africa 133 Adjusted EBITDA, International 84 Adjusted EBITDA, Unallocated costs1 (13) 38 1 Unallocated costs represent head office costs and other net costs that cannot practically be allocated to an operating segment. It includes immaterial income relating to brand license fees and, rental income earned on the letting of property owned by the Group and a share of losses and profits from associates.
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1 As of June 30, 2026 DETAILED SHARE COUNT1 Shares (Millions) Shares Issued and Outstanding 508.2 Unvested Restricted stock units granted to employees 5.2 Fully Diluted Shares 513.3 39
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