Kambi Group Plc Class B · OMXSTO:KAMBI
Kambi Group Plc Class B — Q4 2025 Earnings Presentation
15 slides from Kambi Group Plc Class B's earnings presentation, Feb 18, 2026
Slide 1: Kambi Group plc Q4 2025 Report
Kambi Group plc Q4 2025 Report 18 February 2026 1 Kambi Group plc – Q4 2025 Report CEO Werner Becher, CFO David Kenyon
Slide 2: Agenda
Agenda 1. Key highlights 2. Financial performance 3. Strategic & operational updates 4. Summary 5. Q&A 2 Kambi Group plc – Q4 2025 Report CEO Werner Becher, CFO David Kenyon
Slide 3: Key highlights
Key highlights Strong end to 2025 with Q4 Adjusted EBITA ( acq ) increasing 16% YoY to €7.4m Positive commercial momentum continues with 15 agreements since the start of Q4 Completed a successful multi -channel launch with Ontario Lottery and Gaming Corporation Adjusted EBITA (acq) excluding FX reva
Slide 4: Financial summary
Financial summary Q4 2025 Full year 2025 Revenue Q4 2024 Revenue FY 2024 €42.7m €44.5m €162.0m €176.4m Adjusted EBITA (acq) Q4 2024 Adjusted EBITA (acq) FY 2024 €7.4m €6.3m €17.6m €25.4m Cash flow Q4 2024 Cash flow FY 2024 €6.0m €6.7m €21.2m €25.9m Adjusted EBITA (acq) excluding FX revaluations Cash
Slide 5: Operator trading analysis
Operator trading analysis Kambi Turnkey Turnover Index and Operator Trading Margin 1,000 12% 913 11.2% 851 789 778 800 757 754 10% 737 712 704 683 687 672 656 646 640 602 600 8% 400 6% 200 4% 0 2% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Slide 6: 2026 guidance – Adjusted EBITA (acq) development
2026 guidance – Adjusted EBITA (acq) development €m Revenue factors Cost factors 50 40 30 €20 – 25m range 20 10 0 Adj EBITA (acq) Organic Growth 2026 launches World Cup Impact Migrations Gaming tax & other Cost of sales Operating expenses Adj EBITA (acq) 2025 2026 exc. FX revaluations 6 Kambi Group
Slide 7: Positive Turnkey commercial momentum
Positive Turnkey commercial momentum Partnership with Glitnor in multiple Multi-year online sportsbook Partnered with SuomiVeto ahead of Signed on -property sportsbook agreement jurisdictions in Europe and the Americas agreement with Pickwin in Mexico Finland’s regulated market launch with MHA Natio
Slide 8: Ontario Lottery & Gaming Corporation
Ontario Lottery & Gaming Corporation Important strategic milestone Launched in province on 27 January online and across 10,000 retail points of sale Marks completion of novation agreement and integration, with partnership due to run until 2032 Underscores Kambi’s strong reputation among state -owned
Slide 9: Odds Feed+
Odds Feed+ Network of odds partners continues to grow Recently added In Q4, signed with ComeOn Group, FDJ UNITED, Superbet ranked 21st in the and Coolbet EGR Power 50 list 9 Kambi Group plc – Q4 2025 Report CEO Werner Becher, CFO David Kenyon
Slide 10: Revenue base continues to diversify
Revenue base continues to diversify Top three partners % of total revenue Number of live Turnkey Sportsbook partners increased to 53 at year end 70% 60% Revenue from top three partners 50% reduced to 36% in 2025 40% Recent and future additions will 30% further diversify base in 2026 20% Geographic d
Slide 11: Industry leader in AI-powered trading
Industry leader in AI -powered trading Leveraging our unique and vast data asset % of bets priced and traded AI now trading more than half of by AI on the Kambi network all bets on the Kambi network 60% 50% 40% Enabling a more expansive offering and higher operator trading margin 30% 20% 10% Trading
Slide 12: FIFA World Cup opportunity
FIFA World Cup opportunity 104 matches 11 June – 19 July − The biggest sports betting event of all time, with 40 more matches across 10 more days versus 2022 − At least 8 of Kambi’s top 10 markets will have their respective countries +63% represented, enhancing interest and engagement Increase in nu
Slide 13: Summary
Summary Commercial momentum Returning to revenue Building strong continues across both and profitability growth foundations for Turnkey and Odds Feed+ in 2026 longer -term success 13 Kambi Group plc – Q4 2025 Report CEO Werner Becher, CFO David Kenyon
Slide 14: Q&A
Q&A kambi.com 14 Kambi Group plc – Q4 2025 Report CEO Werner Becher, CFO David Kenyon
Slide 15: Thank you
Thank you kambi.com 15 Kambi Group plc – Q4 2025 Report CEO Werner Becher, CFO David Kenyon