{"success":true,"data":{"pressRelease":{"id":"182097","rtpr_id":"nWkr6MyJPl-20261028","ticker":"K0W","exchange":"","all_tickers":["K0W"],"title":"Q3 2026 Financial Results","author":"Cision","published_at":"2026-10-28T07:00:05.099Z","article_body":"GiG Software P.L.C\n28 October 2026\n\nGiG Software Plc\n\n(“GiG” or the “Company”)\n\n \n\nQ3 2026 Financial Results\n\n \n\nCompletion of 888AFRICA acquisition creates a highly scalable growth engine\nfor the Group\n\n \n\n \n\nGiG Software Plc (First North: GiG SDB; OTCQX: GIGXF), a leading B2B iGaming\ntechnology company, is pleased to announce its financial results for the third\nquarter ended 30 September 2026 (“Q3 2026”).\n\n \n\nKey Operational Highlights\n\n \n* Completion of the transformational acquisition of an 80% stake in 888AFRICA,\na cash-generative, fast-growing African B2C operator\n \n* Group cash and cash equivalents of €8.0 million at 30 September 2026 (30\nJune 2026: €3.5 million), reflecting the consolidation of 888AFRICA\n \n* One new partner signed and an extension agreed to an existing commercial\nagreement\n \n* Three brand launches delivered during the quarter, all in Alberta with\nexisting partners\n \n\n \n\nFinancial Summary\n\n \n\nQ3 2026\n\n \n* Revenue of €8.5 million for the third quarter of 2026 (Q3 2025: €9.7\nmillion)\n \n* Adjusted EBITDA* for the third quarter of 2026 of €0.8 million (Q3 2025:\n€1.2 million) at a margin of 9% (Q3 2025: 12%)\n \n* Operating loss for the third quarter of 2026 of €4.3 million (Q3 2025:\nloss of €3.5 million)\n \n* Cash and cash equivalents of €8.0 million as at 30 September 2026 (30 June\n2026: €3.5 million), following completion of the acquisition of 888AFRICA\n \n\nResults for the First Nine Months of 2026\n\n \n* Revenue of €26.3 million for the nine months to 30 September 2026 (9M\n2025: €28.0 million)\n \n* Adjusted EBITDA* for 9M 2026 of €1.8 million (9M 2025: €2.6 million)\n \n* Operating loss for 9M 2026 of €16.2 million (9M 2025: loss of €11.6\nmillion)\n \n\n\nOutlook\n\n \n* 2026 guidance reiterated with combined revenue of €45–48m and adjusted\nEBITDA of €5.5–7.0m\n \n* 2027 outlook includes first full year including 888AFRICA, with combined\nrevenue of €85–90m and adjusted EBITDA of €17–19m.\n \n* Near-term priorities to maintain cost discipline, integrate 888AFRICA, and\ndeliver the committed launch schedule.\n \n* Expect a material increase in combined EBITDA and cash generation as the\nbusiness moves into 2027\n \n* The Group expects to enter 2027 stronger and more diversified, supported by\na lower-cost underlying business, growing recurring-revenue base, driven by\n888AFRICA as a high-growth second engine\n \n\nQ3 2026 Financial Breakdown\n\n \n\n €m                         Q3 2026  Q3 2025  YoY Variance  9M 2026  9M 2025  FY 2025  \n Revenue                    8.5      9.7      (12%)         26.3     28.0     37.6     \n Adjusted EBITDA*           0.8      1.2      (33%)         1.8      2.6      4.3      \n Adjusted EBITDA Margin     9%       12%      (3%)          7%       9%       11%      \n EBITDA                     0.4      1.1      (64%)         (2.0)    2.3      3.4      \n EBIT                       (4.3)    (3.5)    (23%)         (16.2)   (11.6)   (15.2)   \n Loss after tax             (4.5)    (3.0)    (50%)         (16.9)   (11.7)   (14.9)   \n Net cash inflow/(outflow)  4.5      0.4      1025%         (1.8)    (1.7)    3.5      \n Cash and cash equivalents  8.0      4.7      70%           8.0      4.7      9.9      \n\n \n\n*Adjusted for share-based payments, employee termination fees and bad debt\nprovisions.\n\n \n\nRichard Carter, Chief Executive Officer of GiG, commented:\n\n \n\n“This quarter marked an important step forward for the Group, with the\ntransformational acquisition of an 80% stake in 888AFRICA, a cash-generative\nand fast-growing African B2C operator. The acquisition has strengthened our\nfinancial position, with Group cash and cash equivalents increasing to €8.0\nmillion, creating a solid foundation for future growth.\n\n \n\n“We also continued to build momentum across the business, signing a new\npartner and extending an existing commercial agreement, alongside delivering\nthree brand launches in Alberta with existing partners.\n\n \n\n“Looking ahead, we remain focused on leveraging the opportunities created by\n888AFRICA while continuing to drive sustainable growth through our\npartnerships and market expansion.”\n\n \n\nThis information is information that GiG Software Plc is obliged to make\npublic pursuant to the EU Market Abuse Regulation. The information was\nsubmitted for publication, through the agency of the contact persons set out\nabove, at 08.00 am CET on October 28, 2026.\n\n\nInvestor Presentation\n\n \n\nRichard Carter, Chief Executive Officer, and Phil Richards, Chief Financial\nOfficer, will provide a presentation and Q&A for investors via the Investor\nMeet Company (“IMC”) platform on Wednesday, 28 October 2026 at 10.00 a.m.\nCET / 9.00 a.m. GMT.\n\n \n\nThe IMC presentation is open to all existing and potential shareholders.\nQuestions can be submitted pre-event via the IMC dashboard up until 10.00 a.m.\nCET / 9.00 a.m. GMT the day before, or at any time during the live\npresentation.\n\n \n\nInvestors can register for the presentation via the following link:\n\nhttps://www.investormeetcompany.com/gig-software-plc/register-investor\n\n \n\nInvestors who already follow GiG on the IMC platform will automatically be\ninvited.\n\n \n\nFinancial Statements and Notes to the Accounts\n\n \n\nFor access to the Financial Statements and Notes to the Accounts for the third\nquarter ended 30 September 2026, please view the accompanying PDF attachment.\n\n \n\nFor further information, please contact:\n\n \n\n GiG Software PLC Richard Carter, Chief Executive Officer Phil Richards, Chief Financial Officer  ir@gig.com                 \n Vigo Consulting (Investor Relations) Jeremy Garcia GiG@vigoconsulting.com                        Tel: +44 (0) 20 7390 0230  \n\n \n\nAbout GiG Software Plc\n\n \n\nGiG Software is a leading B2B iGaming technology company that provides premium\nsolutions, products, and services to iGaming operators worldwide, fully\ncompliant with regulatory requirements. GiG’s proprietary technology\nempowers our partners by delivering dynamic, data-driven, and scalable iGaming\nsolutions that drive user engagement, optimise performance, and propel\nsustainable growth in the ever-evolving digital landscape. GiG’s vision is\nto be the pioneering force in the iGaming industry, transforming digital\ngaming experiences through innovation and technology that inspire and engage\nplayers worldwide.\n\n \n\nOn September 30th 2026, GiG, acquired 888AFRICA, a profitable, high-growth\nAfrican B2C operator with a market-leading position in Mozambique and licensed\noperations in Angola and Tanzania. The Acquisition adds immediate scale,\ngeographic diversification and product leadership to the GiG platform,\nproviding entry into high-growth, regulated African markets through an\nestablished operator with an existing player base and licences.\n\n \n\nGiG operates out of Malta and is listed on the Nasdaq First North Premier\nGrowth Market in Stockholm, Sweden, under the ticker GiG SDB and on the United\nStates OTCQX Best Market under the ticker GIGXF.\n\n \n\nFind out more at www.gig.com.\n\n \n\nFollow us on social media:\n\n \n\nLinkedIn: https://www.linkedin.com/company/gig-gaming-innovation-group/\n\nX: https://twitter.com/GIG_online/\n\nhttps://news.cision.com/gig-software-p-l-c/r/q3-2026-financial-results%2Cc4416261\n\nGiG_Q3_2026 Full Final (https://mb.cision.com/Main/23269/4416261/4342110.pdf)\n\n\n\n(c) Cision 2026","article_body_html":"","raw_payload":{"data":{"id":"nWkr6MyJPl-20261028","title":"Q3 2026 Financial Results","author":"Cision","ticker":"K0W","created":"2026-10-28T07:00:05.099Z","tickers":["K0W"],"exchange":"","article_body":"GiG Software P.L.C\n28 October 2026\n\nGiG Software Plc\n\n(“GiG” or the “Company”)\n\n \n\nQ3 2026 Financial Results\n\n \n\nCompletion of 888AFRICA acquisition creates a highly scalable growth engine\nfor the Group\n\n \n\n \n\nGiG Software Plc (First North: GiG SDB; OTCQX: GIGXF), a leading B2B iGaming\ntechnology company, is pleased to announce its financial results for the third\nquarter ended 30 September 2026 (“Q3 2026”).\n\n \n\nKey Operational Highlights\n\n \n* Completion of the transformational acquisition of an 80% stake in 888AFRICA,\na cash-generative, fast-growing African B2C operator\n \n* Group cash and cash equivalents of €8.0 million at 30 September 2026 (30\nJune 2026: €3.5 million), reflecting the consolidation of 888AFRICA\n \n* One new partner signed and an extension agreed to an existing commercial\nagreement\n \n* Three brand launches delivered during the quarter, all in Alberta with\nexisting partners\n \n\n \n\nFinancial Summary\n\n \n\nQ3 2026\n\n \n* Revenue of €8.5 million for the third quarter of 2026 (Q3 2025: €9.7\nmillion)\n \n* Adjusted EBITDA* for the third quarter of 2026 of €0.8 million (Q3 2025:\n€1.2 million) at a margin of 9% (Q3 2025: 12%)\n \n* Operating loss for the third quarter of 2026 of €4.3 million (Q3 2025:\nloss of €3.5 million)\n \n* Cash and cash equivalents of €8.0 million as at 30 September 2026 (30 June\n2026: €3.5 million), following completion of the acquisition of 888AFRICA\n \n\nResults for the First Nine Months of 2026\n\n \n* Revenue of €26.3 million for the nine months to 30 September 2026 (9M\n2025: €28.0 million)\n \n* Adjusted EBITDA* for 9M 2026 of €1.8 million (9M 2025: €2.6 million)\n \n* Operating loss for 9M 2026 of €16.2 million (9M 2025: loss of €11.6\nmillion)\n \n\n\nOutlook\n\n \n* 2026 guidance reiterated with combined revenue of €45–48m and adjusted\nEBITDA of €5.5–7.0m\n \n* 2027 outlook includes first full year including 888AFRICA, with combined\nrevenue of €85–90m and adjusted EBITDA of €17–19m.\n \n* Near-term priorities to maintain cost discipline, integrate 888AFRICA, and\ndeliver the committed launch schedule.\n \n* Expect a material increase in combined EBITDA and cash generation as the\nbusiness moves into 2027\n \n* The Group expects to enter 2027 stronger and more diversified, supported by\na lower-cost underlying business, growing recurring-revenue base, driven by\n888AFRICA as a high-growth second engine\n \n\nQ3 2026 Financial Breakdown\n\n \n\n €m                         Q3 2026  Q3 2025  YoY Variance  9M 2026  9M 2025  FY 2025  \n Revenue                    8.5      9.7      (12%)         26.3     28.0     37.6     \n Adjusted EBITDA*           0.8      1.2      (33%)         1.8      2.6      4.3      \n Adjusted EBITDA Margin     9%       12%      (3%)          7%       9%       11%      \n EBITDA                     0.4      1.1      (64%)         (2.0)    2.3      3.4      \n EBIT                       (4.3)    (3.5)    (23%)         (16.2)   (11.6)   (15.2)   \n Loss after tax             (4.5)    (3.0)    (50%)         (16.9)   (11.7)   (14.9)   \n Net cash inflow/(outflow)  4.5      0.4      1025%         (1.8)    (1.7)    3.5      \n Cash and cash equivalents  8.0      4.7      70%           8.0      4.7      9.9      \n\n \n\n*Adjusted for share-based payments, employee termination fees and bad debt\nprovisions.\n\n \n\nRichard Carter, Chief Executive Officer of GiG, commented:\n\n \n\n“This quarter marked an important step forward for the Group, with the\ntransformational acquisition of an 80% stake in 888AFRICA, a cash-generative\nand fast-growing African B2C operator. The acquisition has strengthened our\nfinancial position, with Group cash and cash equivalents increasing to €8.0\nmillion, creating a solid foundation for future growth.\n\n \n\n“We also continued to build momentum across the business, signing a new\npartner and extending an existing commercial agreement, alongside delivering\nthree brand launches in Alberta with existing partners.\n\n \n\n“Looking ahead, we remain focused on leveraging the opportunities created by\n888AFRICA while continuing to drive sustainable growth through our\npartnerships and market expansion.”\n\n \n\nThis information is information that GiG Software Plc is obliged to make\npublic pursuant to the EU Market Abuse Regulation. The information was\nsubmitted for publication, through the agency of the contact persons set out\nabove, at 08.00 am CET on October 28, 2026.\n\n\nInvestor Presentation\n\n \n\nRichard Carter, Chief Executive Officer, and Phil Richards, Chief Financial\nOfficer, will provide a presentation and Q&A for investors via the Investor\nMeet Company (“IMC”) platform on Wednesday, 28 October 2026 at 10.00 a.m.\nCET / 9.00 a.m. GMT.\n\n \n\nThe IMC presentation is open to all existing and potential shareholders.\nQuestions can be submitted pre-event via the IMC dashboard up until 10.00 a.m.\nCET / 9.00 a.m. GMT the day before, or at any time during the live\npresentation.\n\n \n\nInvestors can register for the presentation via the following link:\n\nhttps://www.investormeetcompany.com/gig-software-plc/register-investor\n\n \n\nInvestors who already follow GiG on the IMC platform will automatically be\ninvited.\n\n \n\nFinancial Statements and Notes to the Accounts\n\n \n\nFor access to the Financial Statements and Notes to the Accounts for the third\nquarter ended 30 September 2026, please view the accompanying PDF attachment.\n\n \n\nFor further information, please contact:\n\n \n\n GiG Software PLC Richard Carter, Chief Executive Officer Phil Richards, Chief Financial Officer  ir@gig.com                 \n Vigo Consulting (Investor Relations) Jeremy Garcia GiG@vigoconsulting.com                        Tel: +44 (0) 20 7390 0230  \n\n \n\nAbout GiG Software Plc\n\n \n\nGiG Software is a leading B2B iGaming technology company that provides premium\nsolutions, products, and services to iGaming operators worldwide, fully\ncompliant with regulatory requirements. GiG’s proprietary technology\nempowers our partners by delivering dynamic, data-driven, and scalable iGaming\nsolutions that drive user engagement, optimise performance, and propel\nsustainable growth in the ever-evolving digital landscape. GiG’s vision is\nto be the pioneering force in the iGaming industry, transforming digital\ngaming experiences through innovation and technology that inspire and engage\nplayers worldwide.\n\n \n\nOn September 30th 2026, GiG, acquired 888AFRICA, a profitable, high-growth\nAfrican B2C operator with a market-leading position in Mozambique and licensed\noperations in Angola and Tanzania. The Acquisition adds immediate scale,\ngeographic diversification and product leadership to the GiG platform,\nproviding entry into high-growth, regulated African markets through an\nestablished operator with an existing player base and licences.\n\n \n\nGiG operates out of Malta and is listed on the Nasdaq First North Premier\nGrowth Market in Stockholm, Sweden, under the ticker GiG SDB and on the United\nStates OTCQX Best Market under the ticker GIGXF.\n\n \n\nFind out more at www.gig.com.\n\n \n\nFollow us on social media:\n\n \n\nLinkedIn: https://www.linkedin.com/company/gig-gaming-innovation-group/\n\nX: https://twitter.com/GIG_online/\n\nhttps://news.cision.com/gig-software-p-l-c/r/q3-2026-financial-results%2Cc4416261\n\nGiG_Q3_2026 Full Final (https://mb.cision.com/Main/23269/4416261/4342110.pdf)\n\n\n\n(c) Cision 2026"},"type":"article","timestamp":"2026-10-28T07:00:05.980744158Z","server_sent_at_ms":1793170805980},"received_at":"2026-10-28T07:00:06.032Z","source_url":"https://news.cision.com/gig-software-p-l-c/r/q3-2026-financial-results%2Cc4416261"},"analysis":{"id":"169892","press_release_id":"182097","analysis_json":{"industry":{"label":"Casinos & Gaming","sector":"Consumer Discretionary"},"redFlags":["core Q3 revenue declined 12% YoY with adjusted EBITDA margin compressing from 12% to 9%","EBITDA (unadjusted) negative on a nine-month basis (€-2.0m) and operating loss widened to €16.2m","2027 growth targets depend heavily on execution of the 888AFRICA integration"],"eventType":"earnings","narrative":"GiG Software reported Q3 2026 revenue of €8.5 million, down 12% year-over-year, with adjusted EBITDA falling 33% to €0.8 million and the operating loss widening to €4.3 million.\n\nThe quarter's centerpiece was completion of the acquisition of an 80% stake in 888AFRICA, a profitable African B2C operator with leading positions in Mozambique and licensed operations in Angola and Tanzania, which lifted group cash to €8.0 million.\n\nManagement reiterated 2026 guidance of €45-48 million revenue and €5.5-7.0 million adjusted EBITDA, and guided 2027 to €85-90 million revenue and €17-19 million adjusted EBITDA including the first full year of 888AFRICA.\n\nNine-month revenue was €26.3 million (9M 2025: €28.0 million) with a €16.2 million operating loss, so the 2027 step-up hinges heavily on successful 888AFRICA integration.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Legacy business shrinking while 888AFRICA deal doubles the 2027 revenue target — integration execution is now everything."},"keyFigures":{"revenue":8500000,"guidance":"2026 guidance reiterated: combined revenue €45-48m and adjusted EBITDA €5.5-7.0m; 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