GAMING REALMS PLC - Annual results for the year ended 31 December 2025

Gaming Realms Plc delivered a solid FY25 investor update, highlighting continued growth in revenue, EBITDA, and global market expansion driven by its scalable content licensing model and flagship Slingo IP. The company reported a 10% increase in revenue to £31.4m and a 15% rise in adjusted EBITDA to £15m, reflecting strong operational leverage and high-margin performance. Core content licensing revenue grew 13%, supported by increased distribution to over 250 partners across 32 regulated markets and a 22% rise in player engagement. North America remains the primary growth engine, contributing 63% of licensing revenue, with notable expansion in the US and Canada. Despite regulatory headwinds impacting UK revenue and certain European markets, the company demonstrated resilience through product innovation and rapid recovery strategies. Gaming Realms maintained strong cash generation, delivering £9.5m in operating cash flow and ending the period with £17.8m in cash, while returning capital via share buybacks and investing in future growth. The business continues to scale through new market entries, enhanced game development, and strategic partnerships, with over 7.4 billion bets placed across its platform in FY25. Looking ahead, the group’s growth strategy focuses on expanding its Slingo portfolio, increasing localized and bespoke content, leveraging third-party distribution, and capitalizing on the expanding regulated iGaming market, positioning the company for sustained revenue growth, margin expansion, and long-term shareholder value creation.