Bragg Gaming Group (BRAG) investor relations material

Executive summary

• Revenue for Q2 2026 declined 12% year-over-year to EUR 22.9 million, mainly due to declines in the Netherlands and flat performance in Brazil, partially offset by strong proprietary content growth in North America.

• Adjusted EBITDA remained flat at EUR 3.5 million, with margin expanding to 15.4% from 13.3% due to operational efficiencies and cost savings.

• Significant restructuring, including a 19% workforce reduction, is expected to deliver EUR 10.5 million in annualized savings.

• Acquisition of Drayton International completed for $9 million in shares, expanding proprietary IP, content portfolio, and North American distribution.

• Net loss widened to EUR 2.9 million (EUR 0.11 per share) in Q2 2026.

Financial highlights

• Q2 2026 revenue: EUR 22.9 million, down from EUR 26.1 million in Q2 2025.

• Gross profit: EUR 11.8 million (Q2 2025: EUR 13.7 million); gross margin 51.7% vs. 52.7%.

• Adjusted EBITDA: EUR 3.5 million, unchanged year-over-year; margin expanded to 15.4% from 13.3%.

• Net loss: EUR 2.9 million vs. EUR 1.8 million year-over-year.

• Cash balance as of June 30, 2026: EUR 3.3 million.

Outlook and guidance

• 2026 revenue and Adjusted EBITDA guidance withdrawn due to Drayton integration and limited operating history for the combined business.

• Prior to withdrawal, performance was tracking below revenue guidance and at the low end of Adjusted EBITDA guidance.

• Focus on integrating Drayton, aligning product and technology, and optimizing cost base.

• Cost savings from restructuring expected to be realized from Q4 2026 onwards.

• Strategic focus on proprietary content, North American expansion, and AI-driven efficiency.