– Revenue increased 8% YoY to €9.5 million
– €1.4 million YoY improvement in adjusted EBITDA to €1.5 million
– Six new launches across Q4, bringing the total for 2025 to 16
GiG Software Plc (First North: GiG SDB; OTCQX: GIGXF), a leading B2B iGaming technology company, is pleased to announce its financial results for the fourth quarter (“Q4 2025”) and year ended 31 December 2025 (“FY 2025”).
Key Operational Highlights – Q4 2025
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Delivered six launches across Q4 2025, including ITV Win
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Sustained new business momentum signing five commercial agreements for both platform and sportsbook services in Q4
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Cost optimisation programme underway alongside continued progress against broader strategic priorities, including introduction of new AI based tools
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In February 2026, GiG announced a Platform and Sportsbook migration agreement with Jupiter Gaming to further expand GiG’s presence in the UK market
Financial Summary
Q4 2025
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Q4 2025 revenue of €9.5m million (Q4 2024: €8.8 million), up 8% YoY
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Q4 2025 Adjusted EBITDA* increased €1.4 million to €1.5 million (Q4 2024: €0.1 million) at a margin of 15% (Q4 2024: 1%)
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Q4 2025 operating loss reduced to €3.6 million (Q4 2024: underlying loss of €6.1 million)
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Cash and cash equivalents balance of €9.9 million as at 31 December 2025 (31 December 2024: €6.4 million)
Full Year 2025
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Revenue for FY 2025 up 18% YoY to €37.6 million (FY 2024: €31.8 million)
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Adjusted EBITDA for FY 2025 amounted to €4.3 million (FY 2024: underlying loss of €3.0 million), at a margin of 11% (FY 2024: -9%)
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Operating loss for FY 2025 reduced to €15.2 million (FY 2024: loss of €28.2 million)
Outlook
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Commitment to underlying cash generation by end of H1 2026 reiterated
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2026 guidance of €44-48 million revenue and €10-13 million adjusted EBITDA, as per the year-end trading update
Q4 2025 Financial Breakdown
All comparative 2024 figures are presented on a proforma basis having been previously consolidated in the historic group prior to the spin off at the end of Q3 2024.
* Adjusted for share-based payments and ex-gratia payments
** FY 2024 contained one-time intangible asset & goodwill impairments amounting to €50.9m
Richard Carter, Chief Executive Officer of GIG, commented:
“2025 marked GiG’s first full year as an independent, listed company in which we delivered strong growth and ongoing strategic progress. Revenue increased by 18% to €37.6 million, with adjusted EBITDA improving by €7.3 million to deliver our first year of positive adjusted EBITDA of €4.3 million.
We enter 2026 with strong momentum and expect to deliver sustained revenue and adjusted EBITDA growth through accelerated customer additions and continued operational discipline.”
Investor Presentation
Richard Carter, Chief Executive Officer, and Phil Richards, Chief Financial Officer, will provide a presentation and Q&A for investors via the Investor Meet Company (“IMC”) platform on Wednesday, 25 February 2026 at 11.00 a.m. CET / 10.00 a.m. GMT.
The IMC presentation is open to all existing and potential shareholders and registration is free. Questions can be submitted during the presentation and will be addressed at the end.
Investors can register for the presentation via the following link: https://www.investormeetcompany.com/gig-software-plc/register-investor
Financial Statements and Notes to the Accounts
For access to the Financial Statements and Notes to the Accounts for the fourth quarter ended 31 December 2025, please view the accompanying PDF attachment.
For further information, please contact:
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.
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LinkedIn: https://www.linkedin.com/company/gig-gaming-innovation-group/
