Gamehost (GH) Q1 2026 earnings summary

Executive summary

• Entered a definitive agreement for acquisition by Pure Casino Entertainment at $13.65 per share, a 16% premium to the last closing price and 17% premium to the 20-day VWAP as of March 27, 2026.

• Special General Meeting scheduled for June 11, 2026, to approve the transaction; closing expected mid-June 2026 pending regulatory approvals.

• Significant transaction-related costs led to lower EBITDA, profit, and EPS for the quarter.

Financial highlights

• Operating revenue for Q1 2026 was $21.16M, down 0.3% year-over-year.

• Gross profit was $8.65M, with a slight decrease from $8.74M in Q1 2025.

• EBITDA was $5.35M (25.3% margin), down from $8.46M (39.9%) in Q1 2025, a 36.8% decrease.

• Net profit was $3.14M, down 41.4% year-over-year; EPS was $0.15, down 41% from $0.26.

• Total assets at March 31, 2026, were $172.54M; total debt was $28.84M.

Outlook and guidance

• Regular monthly dividend of $0.05 per share to continue through transaction close; annualized at $0.60 per share.

• Transaction subject to shareholder and regulatory approvals, including Alberta Gaming Liquor and Cannabis and the Federal Competition Bureau.