Business
Acquisition of Rev Comps
Winvia Entertainment PLC has entered into an asset purchase agreement to acquire Rev Comps, a UK-based prize draw platform, for £11.8 million in cash, with completion expected by July 1, 2026. Rev Comps generated over £80 million in revenue and approximately £2.1 million in profit before tax for the year ended May 31, 2025. The acquisition, funded by existing cash resources, is expected to be earnings enhancing and aligns with Winvia's strategy to consolidate the UK prize draw market, with potential earnout payments based on future profit growth. Disclaimer*
About this update from Winvia Entertainment Plc
[{"type":"text","content":"\n\n \n18 May 2026\n \nWinvia Entertainment PLC\n(\"Winvia Entertainment\", the \"Group\" or the \"Company\")\n \nAcquisition of Rev Comps\n \nWinvia Entertainment (AIM: WVIA), a technology-led entertainment business focused on Prize Draw Competitions and Online Gaming, is pleased to announce that it has entered into an asset purchase agreement (the \"APA\") with Robert Savage, Peter Savage and Amy Savage (the \"Sellers\") to acquire the trade, business and key assets (excluding any liabilities, cash and trade receivables) of Rev Corp Limited (\"Rev Comps\") (the \"Acquisition\"). The Acquisition is conditional upon the migration of Rev Comps onto Winvia's core technology platform and certain customary conditions to be satisfied prior to completion which is expected to occur by 1 July 2026 (\"Completion\").\n \nRev Comps is a UK based, family-run, digitally-led prize draw platform offering daily and scheduled draws to a loyal and growing customer base. The business has developed a strong brand presence within the UK prize draw market and has demonstrated consistent engagement across its player community.\n \nFor the financial year ended 31 May 2025, Rev Comps generated revenues in excess of £80 million and Profit before tax of approximately £2.1 million. Rev Comps had gross assets as at 31 May 2025 of £6.5 million (this figure includes certain assets not being acquired as part of the Acquisition).\n \nUnder the APA, the Company will pay £11.8 million in cash (the \"Consideration\") in three instalments; (1) at Completion (45%), (2) subject to final determination of Rev Comp's audited accounts for the year end 31 May 2026 (34%), and (3) a deferred portion payable on the 2nd anniversary of Completion (21%). In addition, the Sellers may also be entitled to earnout payments based on achieved adjusted profit before tax growth of the business across the two financial years ending 31 December 2027 and 31 December 2028, compared to adjusted profit before tax in Rev Comp's audited accounts for the year end 31 May 2026 (the \"Earnout\"). The Earnout calculation is 1.5x adjusted profit before tax growth above Rev Comps' FY26 adjusted profit before tax.\n \nThe Acquisition will be funded from the Group's existing cash resources and is expected to be earnings enhancing in the fi...