**Summary of Gaming Realms PLC Interim Results for H125**
**Financial Performance**
**Revenue Growth** Total revenue increased by 18% to £16.0 million in H125 compared to H124, driven primarily by international licensing expansion.
**Adjusted EBITDA** Grew by 30% to £7.5 million, with a margin expansion to 47% (H124: 43%).
**Profit Before Tax** Increased by 19% to £4.2 million.
**Net Cash** Up 28% to £19.0 million, reflecting strong cash generation.
**Segment Performance**
**Content Licensing** Revenue increased by 4% to £11.7 million, with ex-UK content licensing up 18%. UK content licensing faced a 13% decline due to UK staking limit changes but showed recovery in July and August.
**Brand Licensing** Revenue surged by 623% to £2.4 million due to a significant brand deal.
**Social Publishing** Revenue decreased by 7% to £1.9 million, primarily due to reduced marketing spend.
**Operational Highlights**
**Market Expansion** Launched content in Brazil and British Columbia, Canada, and granted a supplier license in Delaware, USA.
**New Games** Released six new Slingo games, expanding the portfolio to 95 titles.
**Partnerships** Launched with 19 new partners globally, including in North America, South America, and Europe.
**Third-Party Games** Launched three additional third-party slot games, bringing the total to 17.
**Post-Period Highlights**
**Licensing Revenue** Increased by 2% in the two months post-period-end, despite currency translation and UK staking limit impacts.
**New Launches** Entered Delaware, the sixth U.S. state, and launched content with Rush Street Interactive, Bet365 in Brazil, Golden Nugget in Ontario, and Betly in West Virginia.
**New Titles** Released Slingo Cash Eruption and NFL franchise-branded Slingo games in partnership with BetMGM.
**Outlook**
**FY25 Expectations** Trading in H125 was in line with expectations, and the Board is confident in maintaining positive momentum.
**Strategic Focus** Continue broadening international footprint, entering additional regulated markets, and deepening partnerships.
**Future Launches** Scheduled launches in the Philippines, South Africa, Switzerland, and Greece.
**Product Pipeline** Release of premium Slingo titles and expansion of the third-party games pipeline.
**Management Commentary**
**Mark Segal, CEO** Highlighted strong performance, international expansion, and robust pipeline of new titles, positioning the company for continued growth and shareholder value enhancement.
**Financial Position**
**Cash Balance** Increased to £19.0 million, with strong cash flow from operations.
**Debt-Free Status** Maintained with no debt.
**Share Buyback** Repurchased 1,108,779 shares, reflecting confidence in long-term prospects.
**Conclusion**
Gaming Realms PLC demonstrated robust growth in H125, driven by international licensing expansion, new market entries, and a strong product pipeline. Despite challenges in the UK market, the company is well-positioned for continued growth, supported by strategic partnerships and innovative game releases.