Super Group Reports Financial Results for First Quarter of 2026

Revenue of $612 million for the first quarter of 2026 Profit for the period of $86 million for the first quarter of 2026 Non-GAAP Adjusted EBITDA of $152 million for the first quarter of 2026 Cash and cash equivalents of $422 million as at March 31, 2026 Reaffirming FY2026 Revenue and Adjusted EBITDA guidance: Revenue >$2.55 billion and Adjusted EBITDA >$680 million Announces change to its two reportable segments from Betway and Spin to Africa and International NEW YORK--(BUSINESS WIRE)--Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC”, the "Company" or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced its first quarter 2026 unaudited consolidated financial results. Neal Menashe, Chief Executive Officer of Super Group, commented: “Q1 2026 was a record-breaking start to the year for Super Group, with all-time highs in revenue, monthly active customers, deposits, and wagering. Our performance reflects the strength of our strategy, the power of our brands, and the discipline of our team. Africa delivered another excellent quarter, while our International segment continued to gain traction. We also strengthened our leadership team with key appointments, reinforcing our commitment to operational excellence and accelerated growth. With a highly stable casino business, fortified sports trading capabilities ahead of the World Cup, and strong momentum across regions, we believe that Super Group is well positioned for the remainder of 2026.” Alinda van Wyk, Chief Financial Officer of Super Group, stated: “Our first quarter demonstrates both the robustness and scalability of our business model. Revenue hit a new high of $612 million, marking an 18% increase compared to the same period last year. Adjusted EBITDA experienced a 36% rise, reaching $152 million and pushing our margin to 25%. The number of average monthly active customers also set a record at 6.4 million, representing an 18% year-over-year growth. Our balance sheet remains resilient, concluding the quarter with $422 million in cash. This strong cash position was achieved even after distributing $152 million to shareholders during the quarter. We are reaffirming our guidance for the full year 2026, targeting a minimum total revenue of $2.55 billion and Adjusted EBITDA exceeding $680 million. These projections are supported by our conviction in the sustainability of our business, effective execution across various regions, and the operating leverage inherent in our operations." Financial Highlights: Revenue for the Group increased by 18% to $612 million for the first quarter of 2026 from $517 million in the same period of the prior year, driven by growth from the Africa, Europe, Americas (mainly Canada), and Rest of World. Profit for the period was $86 million for the first quarter of 2026, by comparison, profit for the period for the first quarter of 2025 was $59 million. Adjusted EBITDA, a non-GAAP financial measure, increased by 36% to $152 million for the first quarter of 2026 compared to $111 million in the first quarter of 2025. Monthly Active Customers increased by 18% to 6.4 million for the first quarter of 2026, compared to 5.4 million in the first quarter of 2025. Cash and cash equivalents was $422 million as of March 31, 2026 compared to $513 million at December 31, 2025. Inflows from operating activities amounting to $87 million; Outflows from investing activities of $41 million. An amount of $28 million (€24 million) has been paid on March 31, 2026 in respect of the sportsbook acquisition. The Group owns the software from February 28, 2026, following the receipt of the final regulatory approvals in February 2026. The remaining outflows relate to the capitalization of costs relating to internally developed intangible assets. Outflows from financing activities of $129 million, mainly due payment of dividends of $152 million during the quarter, bringing the 12-month capital returns to $213 million. This was partially offset by proceeds of $$25 million from a drawdown on the revolving credit facility during Q1 2026. A loss of $8 million as a result of foreign currency fluctuations on foreign cash balances held over this period. Change in Basis of Segment Reporting: In the first quarter of 2026, the Group’s Chief Operating Decision Maker (CODM) approved a change in the basis of segment reporting to align with the manner in which the Group’s operations are managed and performance is evaluated. Effective for the year ending December 31, 2026, the Group will report its results under two new reportable segments: Africa and International. Previously, the Group reported its results based on two primary reportable segments: Betway (single-brand sportsbook and casino) and Spin (multi-brand online casino). These segments formed the basis for segment reporting in the consolidated financial statements through December 31, 2025. This change reflects the evolution of the Group’s internal management structure and the shift in strategic focus to regional performance and market-specific dynamics. The new segment structure is consistent with the Group’s internal reporting, resource allocation, and decision-making processes. The Group believes this change will enhance the transparency of its financial reporting and provide stakeholders with more meaningful information regarding performance, risks, and opportunities in its key geographic markets. Revenue by product line for the three months ended March 31 in $ millions 2026 2025 Africa iGaming1 190 135 Sportsbook1 77 66 Africa Segment Revenue 267 201 International iGaming1 299 270 Sportsbook1 38 40 Other2 2 1 International Segment Revenue 339 311 Total Reportable Segment Revenue3 606 512 1 Sports betting and online casino revenues are not within the scope of IFRS 15 ‘Revenue from Contracts with Customers’ and are treated as derivatives under IFRS 9 ‘Financial Instruments’. 2 Other relates to profit share. 3 Total reportable segment revenue excludes revenue relating to brand license fees amounting to $6 million (2025: $5 million) that cannot be allocated to a reportable segment. Revenue by Geographical Region for the three months ended March 31 in $ millions: 2026 2025 Africa 267 201 International 339 311 America 195 186 Europe 113 96 Rest of World 31 29 Total Reportable Segment Revenue1 606 512 % % Africa 44 % 39 % International 56 % 61 % America 32 % 36 % Europe 19 % 19 % Rest of World 5 % 6 % 1 Total reportable segment revenue excludes revenue relating to brand license fees amounting to $6 million (2025: $5 million) that cannot be allocated to a reportable segment. Non-GAAP Financial Information This press release includes non-GAAP financial information not presented in accordance with the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. Adjusted EBITDA is a non-GAAP company-specific performance measures that Super Group ("the Group") uses to supplement the Company’s results presented in accordance with IFRS. EBITDA is defined as profit before depreciation, amortization, finance income, finance expense and income tax expense. Adjusted EBITDA is EBITDA adjusted for unrealized foreign exchange, RSU expense and other adjustments. Super Group believes that these non-GAAP measures are useful in evaluating the Group's operating performance as they provide additional perspective on the financial performance of the Group's core business, are similar to measures reported by the Company’s public competitors and are regularly used by securities analysts, institutional investors and other interested parties in analyzing operating performance and prospects. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by IFRS to be recorded in Super Group’s financial statements. In order to compensate for these limitations, management presents non-GAAP financial measures together with IFRS results. Non-GAAP measures should be considered in addition to results and guidance prepared in accordance with IFRS, but should not be considered a substitute for, or superior to, IFRS results. Reconciliation tables of the most comparable IFRS financial measure to the non-GAAP financial measures used in this press release, and supplemental materials are included below. Super Group urges investors to review the reconciliation and not to rely on any single financial measure to evaluate its business. In addition, other companies, including companies in our industry, may calculate similarly named non-GAAP measures differently than we do, which limits their usefulness in comparing our financial results with theirs. Reconciliation of profit for the period to Adjusted EBITDA for the three months ended March 31 in $ millions: 2026 2025 Profit for the period 86 59 Income tax expense 36 30 Finance income (3 ) (2 ) Finance expense 4 2 Depreciation and amortization expense 20 18 Unrealized foreign exchange — (2 ) RSU expense 12 7 Gaming taxes recovered (4 ) — Other adjustments 1 (1 ) Adjusted EBITDA 152 111 Adjusted EBITDA, Africa 98 80 Adjusted EBITDA, International 73 58 Adjusted EBITDA, Unallocated costs1 (19 ) (27 ) 1 Unallocated costs' represent head office costs and other net costs that cannot practically be allocated to an operating segment. It includes immaterial income relating to brand license fees and, rental income earned on the letting of property owned by the Group and a share of losses and profits from associates. Webcast Details The Company will host a webcast at 8:00 a.m. ET tomorrow to discuss the first quarter 2026 financial results. Participants may access the live webcast and supplemental earnings presentation on the events & presentations page of the Super Group Investor Relations website at: https://investors.supergroup.com/events-and-presentations/default.aspx. About Super Group (SGHC) Limited Super Group (SGHC) Limited is the holding company for leading global online sports betting and gaming businesses: Betway, a premier online sports betting brand, and Spin, a multi-brand online casino offering. The group is licensed in multiple jurisdictions, with leading positions in key markets throughout Europe, North America and Africa. The group’s sports betting and online gaming offerings are underpinned by its scale and leading technology, enabling agile operation and execution in a diverse range of markets. Its proprietary marketing and data analytics engine empowers it to responsibly provide a unique and personalized customer experience. Super Group was placed at number 5 in the latest EGR Power 50 rankings. For more information, visit www.supergroup.com Forward-Looking StatementsRead the full story here

Super Group Reports Financial Results for First Quarter of 2026

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