Gaming Innovation Group (GiG) has confirmed it is in a good position to initiate a blitz takeover of market share in key jurisdictions following a return to profitability.
FY25 trading saw the company achieve €37.6m in revenue, up 18% YoY from the previous year (FY24: €31.8m).
Adjusted EBITDA amounted to €4.3 at a margin of 11%, bouncing back up from a negative €3m and a margin of negative 9% from the year prior. EBITDA also recovered from a negative €7.2m in FY24 to €3.4m in FY25.
Cost cutting throughout 2025 saw full-year operating loss brought down to €15.2m from the €28.2m at the end of 2024.
Quarterly results remained unchanged from the Q4 market update back in January, with GiG reporting revenue of €9.5m, up 8% YoY from the €8.8m in the last quarter of 2024.
Adjusted EBITDA in Q4 came in at €1.5m with a margin of 15%, dwarfing the negative €0.1m Adjusted EBITDA with a 1% margin from Q4 2024. EBITDA skyrocketed by 379% between the comparative periods, going up from minus €400,000 to €1.1m.
Return to growth was supplemented by six brand launches in Q4 and 16 platform agreements for the full year, including a high profile deal with prominent UK broadcaster ITV for the launch of ITV Win.
Currently live in 17 global markets, the Malta-based supplier outlined three jurisdictions with high-growth potential where it will look to grow its market share dominance – the Philippines, France and Spain.
Brazil will also likely be a major growth driver for GiG in 2026 as well, once its first major partnership launches after a delay forced by regulatory and tax uncertainty.
“The company now also has the potential to utilise its stronger financial position to expand agreements into strategic partnerships, where GiG can capture a greater share of the economics and generate additional shareholder value. We continue to review a number of attractive opportunities,” the market update read.
Company cash and cash equivalents stood at €9.9m for the full-year, increasing from the €6.4m at the end of 2024.
Cash generation remains a key priority for GiG in 2026, with FY26 guidance expecting revenue of between €44-€48m, adjusted EBITDA in the range of €10-13m and EBITDA with a margin of at least 20%.
Richard Carter, CEO of GiG, commented: “GiG remains on track to be underlying cash flow positive by the end of H1 2026, with the associated changes expected to deliver annualised cash savings of approximately €4.5m.
“Overall, FY 2025 represented another solid step forward in GiG’s journey of growth and scalability. We enter FY 2026 with strong momentum and expect to deliver sustained revenue and adjusted EBITDA growth through accelerated customer additions and continued operational discipline.”