
Interim report for 4 th quarter 2024 and year-end 2024; Q4 2024: Revenues decreased 3.68% and EBIT increased 43.05%; Full 2024: Revenues increased 3.03% and EBIT increased 37.71%; The Board proposes distribution of a dividend
Key Facts for the 4 th Quarter 2024 (1 st October 2024 – 31 st December 2024)
Revenues decreased 3.68% and EBIT increased 43.05%
All figures are compared to the same quarter last year if not explicitly stated otherwise
- Revenues decreased by 3.68% to €9,360,652 (€9,718,395).
- EBIT increased by 43.05% to €1,172,949 (€819.948).
- EBIT margin of 12.53% (8.44%).
- Net profit decreased by 41.09% to €132.838 (€225.489).
- Earnings per share of €0.0018 (€0.0030).
- €359,019 was recorded as an extraordinary event in the quarter due to a one-off cost for implementing an updated accounting model for jackpot contribution in Premier Gaming Ltd.
- The available cashflow from operations at the end of Q4 2024 was €1,379,955 (€1,154,466).
- PremierGaming Ltd, the Group’s B2C subsidiary licensed in Malta and Sweden focusing on Northern Europe, represented 4.17% of the Group’s revenues in Q4 2024.
Trading update Q1 2025
The trading update is an indication of how the first quarter 2025 has started, however it is not a revenue forecast for the quarter.
The average daily revenue in the first quarter 2025 up until and including 15 th of February was 1% higher than the average daily revenue of the full first quarter 2024 and 16% higher than the average daily revenue of the full fourth quarter 2024.
Events during Q4 2024
- The repayment of the short-term unsecured borrowing of €1,000,000, the Group’s only loan has continued in the quarter and after and the remaining balance at the date of this report is €100,000 (€250,000 at the date of the Q3 2024 report).
- As previously communicated, Thomas Kalita, CEO of Angler Gaming plc, has bought shares for 2,045,366 SEK in Angler Gaming plc following the Q3 2024 report of the Company. 475,868 shares have been purchased at the weighted average price of 4.31 SEK per share. After this purchase Thomas Kalita holds, through a company he controls, 6,475,868 shares in Angler Gaming plc, representing 8.64% of the issued share capital of the Company.
- The B2B business showed stable revenues, with strong end user activity in the quarter which is a key indicator for future growth.
- The marketing investment in Premier Gaming Ltd for the Swedish brands ProntoCasino.se and ProntoSport.se continued in the quarter and the number of active customers and customer lifetime continue to increase, although the value per end user is still relatively low.
- Marlin Media Ltd – the Group’s refocused affiliate marketing company started its venture in Q2 2024. The goal is to continue developing exceptional and innovative customer-facing products and brands, targeting a significant market segment within the iGaming sector (B2B). The objective is to break even within two years counting from end of Q2 2024. Quarter-over-quarter performance metrics demonstrate growth in the organic search presence, with click-through traffic increasing by 241% and search impressions rising by 120% across all properties.
Events after Q4 2024
- The Board of Directors proposes distribution to shareholders of €1,000,000 by way of dividend for the fiscal year 2024 (no dividend was distributed for the fiscal year 2023), which corresponds to €0.013 per share. Angler Gaming plc will not compensate for currency exchange cost.
- The Group’s work with the Turn-Around project in 2023 and 2024 is formally over and considered a success. As a result of the Turn-Around project the Group, in addition to a profitable operation, has a highly competitive technical propriety I-Gaming platform ready for an increase in B2B-business at low marginal cost.
- Marlin Media migrated to a new content management system, fully integrated with its proprietary database platform, that enables growth at low marginal cost. In addition, Marlin Media implemented reliable state of the art AI technology to further streamline the operations and enhance the end-user experience.
Key Facts for 1 st January 2024 – 31 st December 2024
Revenues increased 3.03% and EBIT increased 37.71%
All figures are compared to 2023 if not explicitly stated otherwise.
- Revenues increased by 3.03% to €40,111,114 (€38,931,855).
- EBIT increased by 37.71% to €5,668,299 (€4,116,127).
- EBIT margin of 14.13% (10.57%).
- Net profit increased by 11.03% to €2,376,225 (€2,140,153).
- Earnings per share of €0.0317 (€0.0285).
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