Gaming Realms delivers robust growth and expands global footprint in H1 2025

• Gaming Realms revenue rises 18% to £16.0 million in H1 2025
• UK content licensing declines 13% but improves post-period
• Company launches in Brazil, British Columbia and partners with 19 new operators

Gaming Realms plc, the mobile gaming content developer and licensor, announced an 18 percent increase in total revenue to £16.0 million for the first half of 2025, with adjusted EBITDA rising 30 percent to £7.5 million.

Results were published on 8 September 2025, highlighting the group’s successful international expansion and new launches in regulated markets such as Brazil and British Columbia.

International licensing revenues grew 22 percent to £14.1 million, despite headwinds in the UK content licensing segment which declined by 13 percent due to staking limit regulations introduced in April. The UK decline moderated after the period, falling to 9 percent in August as new Slingo games were certified and released.

Outside the UK, content licensing revenue was up 18 percent, supported by robust growth in the US. Net cash increased 28 percent to £19.0 million from December 2024, and brand licensing revenue climbed 623 percent to £2.4 million, attributed to a significant brand deal.

During H1 2025, Gaming Realms launched six new Slingo games and expanded into two fresh regulated markets, Brazil and British Columbia, bringing its total to 22. The company also partnered with 19 new operators globally, including notable launches with the British Columbia Lottery Corporation, Hollywood Casino in West Virginia, and platforms across South America and Europe.

Management outlined a confident outlook for the remainder of 2025, with plans to enter additional regulated markets such as the Philippines, South Africa, Switzerland, and Greece, while releasing new Slingo and third-party titles.

“The Group has delivered a strong first half, with revenue increasing 18% and Adjusted EBITDA up 30%, reflecting the success of our strategy to expand internationally through licensing. Our entry into newly regulated markets, including Brazil, British Columbia and Delaware, underlines the global demand for our content and the strength of our operator partnerships.

“With further launches scheduled in additional regulated jurisdictions and a robust pipeline of new Slingo and third-party titles, we remain well positioned to deliver continued growth and enhance shareholder value in the second half of the year and beyond,” said Mark Segal, Chief Executive Officer.

In the two months following the period end, licensing revenue increased 2 percent compared to the prior year, despite residual impacts from currency fluctuations and UK staking limits.