Financial report for the period ended 30^th of September 2025

Key Facts for the 3^rd Quarter 2025 (1^st July 2025 – 30^th September 2025)

Revenues decreased 17.91%, EBIT increased 16.81% and Net Profit increased 67.30%

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

• Revenues decreased by 17.91% to €7,927,703 (€9,656,937).
• EBIT increased by 16.81% to €1.696,668 (€1,452,452).
• EBIT margin of 21.40% (15.04%).
• Net profit increased by 67.30% to €1.223,470 (€731,306).
• Earnings per share of €0.0163 (€0.0098).

• PremierGaming Ltd, the Group’s B2C subsidiary licensed in Malta and Sweden focusing on Northern Europe, represented 4.51% of the Group’s revenues in Q3 2025.

New business model for B2B effective 1^st of January 2025

As mentioned in previous reports, the agreements with B2B partners have been re-negotiated, resulting in (a) a reduction of the revenues from B2B partners as from 1 January 2025 onward, and (b) the reduction of costs, since from 1 January 2025 onward all payments-related costs arising from operations of B2B partners are at the charge of the B2B partners.

Trading update Q3 2025

The trading update is an indication of how the fourth quarter 2025 has started, however it is not a revenue forecast for the quarter.

The average daily net gaming revenue in the fourth quarter 2025 up until and including 10^th of November was 2% lower than the average daily net gaming revenue of the full fourth quarter 2024.

The average daily net gaming revenue in the fourth quarter 2025 up until and including 10^th of November was 1% higher than the average daily net gaming revenue of the full third quarter 2025.

Events during Q3 2025

• The available cashflow from operations at the end of Q3 2025 was a healthy €1,102,658 (as the company paid to the shareholders a gross dividend of €997,300 (€0.0133 per share) in Q2 2025 for the financial year ending 31st December 2024).

• A state-of-the-art 3^rd party Predictive Churn Prevention tool was integrated with and customized under the Group’s proprietary iGaming platform.

• PremierGaming Ltd (B2C) lowered its marketing spending for the Swedish brands in the quarter to further evaluate the customer lifetime value of the customers acquired mainly during 2024.

Events after Q3 2025

• Marlin Media Ltd, the Group’s affiliate marketing company, is set to launch its first proprietary AI-powered casino search engine in mid-November this year, marking a major milestone in its technology-led growth strategy. The company has expanded its proprietary casino database, which now boasts over 300 partnerships with leading iGaming brands, and strengthened its team with new technical hires to accelerate innovation and AI integration. These developments reinforce Marlin Media’s commitment to delivering cutting-edge, customer-focused solutions within the iGaming sector. Marlin Media continue to aim for breaking even during Q1 2026.

• PremierGaming Ltd (B2C) incrementally increased its marketing spending for the Swedish brands in Q4, after a thorough analysis of customer lifetime value (CLTV) showed a strong return of investment when investing in marketing in Sweden. The analysis is not trivial since the target group is leisure or occasional players, so the player lifetime is key in the CLTV calculation.

• The Group continues to invest in its state-of-the-art proprietary iGaming platform offering focusing on both enhancing existing modules and adding new modules with differentiating features.

Key Facts for 1^st January 2025 – 30^th September 2025

Revenues decreased 26.02%, EBIT decreased 3.68% and Net Profit increased 35.74%

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

• Revenues decreased by 26.02% to €22,749,172 (€30,750,462).
• EBIT decreased by 3.68% to €4,330,062 (€4,495,350).
• EBIT margin of 19.03% (14.62%).
• Net profit increased by 35.74% to €3,045,084 (€2,243,387).
• Earnings per share of €0.0406 (€0.0299).

Thomas Kalita, Angler Gaming plc’s CEO, comments: "We are more than satisfied with the EBIT and Net Profit of the quarter. The strategy and operational work of the last couple of years started showing results in terms of the return to higher profit levels. When it comes to the revenues, the new B2B business model and lower hold on the Group’s iGaming Platform have affected the revenues negatively, although customer deposits overall on the iGaming platform are up 9.81% in Q3 this year comparing with the same quarter last year."