30 July 2025
GiG Software Plc
("GiG" or the "Company")
Q2 2025 Trading Update
Trading across Q2 remained solid with results in line with guidance
GiG delivered 27% YoY increase in revenue and generated €1 million of EBITDA
Significant increase in EBITDA profitability demonstrating scalability of business model
GiG Software Plc (First North: GiG SDB), a leading B2B iGaming technology company, provides the following trading update for the three months ended 30 June 2025 ("Q2 2025").
Financial Highlights
- Revenue increased by 27% to €9.3 million (Q2 2024: €7.3 million)
- EBITDA grew by €2.8 million to €1.0 million (Q2 2024: loss of €1.8 million)
- EBIT improved by €3.1 million to -€3.7 million (Q2 2024: loss of €6.8 million)
- Cash balance at 30 June 2025: €4.3 million excluding €4.7 million proceeds from directed share issue received in July 2025
Operational Highlights
- Three launches achieved during the quarter, including one in the key target market of the Philippines
- Three new Heads of Terms signed, alongside four managed services agreements
- Continued progress against the Company's key strategic growth priorities
Outlook
- Continued solid performance during Q2 2025, delivering customer wins across the globe, alongside current customer growth and new market launches
- Ongoing strengthening of balance sheet to support strategic initiatives and growth opportunities
- Significant increase in EBITDA profitability demonstrating scalability of business model
- New launches continuing to add to ARR underpinning long term growth potential
Richard Carter, Chief Executive Officer at GiG, commented:
"I am pleased to report continued strong growth throughout the quarter, underpinned by successful launches and a solid underlying performance by our established current customer base.
We look forward to continuing this positive financial and operational momentum across the remainder of 2025 and beyond."
For further information, please contact:
GiG Software PLC Richard Carter, Chief Executive Officer Phil Richards, Chief Financial Officer | ir@gig.com |
Vigo Consulting (Investor Relations) Jeremy Garcia / Kendall Hill / Peter Jacob GiG@vigoconsulting.com | Tel: +44 (0) 20 7390 0230 |
About GiG Software Plc
GiG Software is a leading B2B iGaming technology company that provides premium solutions, products, and services to iGaming operators worldwide, fully compliant with regulatory requirements. GiG's proprietary technology empowers our partners by delivering dynamic, data-driven, and scalable iGaming solutions that drive user engagement, optimise performance, and propel sustainable growth in the ever-evolving digital landscape. GiG's vision is to be the pioneering force in the iGaming industry, transforming digital gaming experiences through innovation and technology that inspire and engage players worldwide.
GiG operates out of Malta and is listed on the Nasdaq First North Premier Growth Market in Stockholm, Sweden, under the ticker GiG SDB.
Find out more at www.gig.com.
Follow us on social media:
LinkedIn: https://www.linkedin.com/company/gig-gaming-innovation-group/
X: https://twitter.com/GIG_online/
This information is information that GiG Software Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 7.45 am CET on July 30, 2025.
