Key Facts for the 1^st Quarter 2026 (1^st January – 31^st March 2026)

Revenues increased 1.58% and EBIT increased 68.04%

All figures are compared to the same quarter last year if not explicitly stated otherwise.

• Revenues increased by 1.58 % to €8,313,723 (€8,184,154).
• EBIT increased by 68.04% to €2,911,111 (€1,732,394).
• EBIT margin of 35.02% (21.17%).
• Net Profit increased by 85.92% to €2,521,927 (€1,356,431).
• Earnings per share of €0.0336 (€0.0181).

• PremierGaming Ltd, the Group’s subsidiary licensed in Malta and Sweden focusing on Northern Europe, represented 3.48% of the Group’s revenues in Q1 2026.

Trading update Q2 2026

The trading update is an indication of how the second quarter 2026 has started, however it is not a revenue forecast for the quarter.

The average daily net gaming revenue in the second quarter 2026 up until and including 18^th of May was 24.84% higher than the average daily net gaming revenue of the full second quarter 2025.

Events during Q1 2026

• The Board of Directors, as mentioned in the previous Q4 and year end 2025 report, does not recommend distribution of a dividend for the fiscal year 2025. While the business is developing well and the cashflow is healthy, the focus is to increase sales, to invest in the ongoing innovative projects and build up additional cash flow.

• The historically successful B2B business grew in the quarter. The importance of a propriety state-of-the-art iGaming platform, fully configurable by the Group’s B2B partners, cannot be overestimated. It puts Angler Gaming in a rather rare position, as it allows full control over the offering, greatly improves agility and speed of change implementation, and ensures differentiation where it comes to B2B offering. The iGaming platform related B2B business also continued to see the net effect of the re-negotiated business model that affects the revenues adversely but has a favourable effect on cost. The business continued to have a strong focus on cost control benefitting from the advanced control system in place for all the main cost drivers.

• Angler Gaming plc’s B2C Sweden-licensed subsidiary PremierGaming Ltd continued to be appreciated by its leisure player customers. PremierGaming has in the quarter continued to have a prudent view on marketing and mainly takes a low-risk approach when starting new marketing campaigns and repeats campaigns predominately when the customer lifetime value by margin exceeds the marketing cost for a specific campaign.

• Marlin Media Ltd, the Group’s technology-first affiliate marketing and content generation company, recorded a pivotal performance milestone, as Marvn.ai (Marlin Media’s proprietary AI powered casino search engine launched in Q4 2025), continued to generate player registrations and First-Time Depositors (FTDs). This achievement and a record quarter in user interactions, validating both market demand and the platform’s product-market fit within the iGaming ecosystem.

During the quarter, Marvn.ai introduced several strategic product enhancements designed to strengthen its competitive positioning:

• Launch of the Discovery Section: A new feature showcasing the platform’s advanced crawling and indexing capabilities, significantly expanding coverage across iGaming resources and improving content discoverability.

• Expansion into Slots Vertical: The integration of over 8,000 slot titles and associated structured data into the proprietary database, enabling comprehensive slot-level search, comparison, and analysis functionality.

These developments materially expand Marvn.ai’s data infrastructure and reinforce its transition from a proof-of-concept platform to a scalable acquisition channel. The combination of proprietary database growth and increasing user traction positions Marvn.ai as a strategic long-term asset within the Group’s technology-led growth framework.

Marlin Media’s Management remains focused on accelerating monetization, deepening data coverage across additional gaming verticals, and enhancing AI-powered discovery capabilities to drive sustained FTD growth throughout 2026.

• As mentioned in the Q4 2025 report, the Group have updated the Marlin Media Ltd investment case due to the potential in Marvn.ai and has extended the break-even objective for Marling Media Ltd to the end of 2026.

Events after Q1 2026

• The Annual and Sustainability Report together with the Audited Financial Statements for 2025 were published on the 30th of April 2026.

• The prioritisation of further development of the proprietary iGaming platform the last couple of years has paved the way for the formalisation of the software development as a separate self-contained technology unit within the Group, which is expected to be completed in 2026. Once completed, all resources supporting the development of this software product will be centralised in one entity within the Group for a more streamlined and efficient operations and a clearer strategic focus. The Group’s iGaming software platform, fully focusing on the B2B business segment, serves and will continue to serve both external B2B partners and the Group’s B2C entity PremierGaming Ltd, developing innovative features supporting efficiency and regulatory compliance, ensuring B2B state-of-the-art end user iGaming experience for players, while giving the power to B2B partners to be in full control of customisation they require depending on the B2B partners’ regulatory licences and their business needs.

• In May Marlin Media Ltd launched marvnBoost, the fact-checked iGaming content generator, powered by the company’s proprietary marvn.ai data layer. MarvnBoost is designed to streamline and standardize iGaming content production for operators, providers and affiliates. Leveraging expert-developed workflows and structured outlines, the platform generates consistent, high-quality content across key formats, including slot reviews, casino pages, news articles, and guides. All outputs are fact-checked against reputable iGaming data sources, ensuring accuracy and reliability. The tool automates core stages of the content lifecycle, including research, structuring, and first-draft generation, allowing editorial teams to focus on differentiation through analysis, brand voice, and multimedia integration, with a simple and transparent B2B pricing model.

Further, unlike general-purpose AI tools, marvnBoost is underpinned by marvn.ai’s verified data layer. This includes structured data points such as licensing information, payment methods, bonus terms and conditions, and other critical iGaming variables. By integrating this data directly into content generation workflows, marvnBoost enables the creation of accurate, multilingual, multimarket, and AI-search-aligned content.  Ionut Constantinescu, CEO of Marlin Media Ltd, commented: "AI adoption is no longer optional, it’s essential for businesses that want to remain competitive. In response, we have created marvnBoost a content pipeline built on marvn’s data foundation. MarvnBoost reduces operational friction in content creation, allowing teams to focus on strategic differentiation like editorial voice, expertise, and distribution. We will continue investing in the platform, including expanded languages, new content formats, and enterprise integrations such as knowledge bases, databases, and CRM systems."

Thomas Kalita, CEO, comments: "We are pleased to report year-on-year growth during the quarter. The trading update indicates strong revenue development so far in Q2. While both revenue and costs declined following the renegotiation of agreements with B2B partners effective from 1 January 2025, the revised B2B model was designed to create greater operational leverage. Following an initial transition period, the revised B2B model is now beginning to deliver a more efficient operating structure. Combined with the Group’s more standardised built-in data models for optimising cost drivers, this contributed to net profit for the quarter of €2,521,927, representing an increase of 85.92% compared with the same quarter last year. Looking ahead, the Group remains focused on increasing sales, investing in ongoing innovation projects and strengthening cash flow generation. At the same time, we continue to prioritise operational excellence, with several initiatives underway to further improve and develop the business.