Meridian Holdings Inc. · NASDAQ:MRDN
Meridian — Q1 2025 Earnings Presentation
13 slides from Meridian's earnings presentation, May 8, 2025
Slide 1: Q1, 2025 Earnings Results
Q1, 2025 Earnings Results 8 May 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This document contains forward-looking statements relating to our plans and expectations, all of which are subject to risks and uncertainties. Such statements are based on management’s expectations and assumptions as of the date of this release and involve many risks and u
Slide 3: Financial Summary – Q1, 2025
Financial Summary – Q1, 2025 Amounts in millions, except Q1 2025 Y/Y Change per share data Revenue $42.7 +72% 1 Gross Profit $24.2 +37% Gross Margin 56.6% -1,456bps Net Income (loss) ($0.3) -$4.2 EPS ($0.00) -100% Adjusted EBITDA $5.6 -5% Adjusted EBITDA Margin 13% -1,054bps 1Currency reduced the fi
Slide 4: Liquidity and Leverage
Total Debt $68.45 $76.30 $71.02 $64.85 Total Debt Cash Net Debt $35.62 $40.90 $32.83 $38.40 $37.89 $35.19 $30.13 $29.66 Amounts in millions Q2, 2024 Q3, 2024 Q4, 2024 Q1, 2025 Liquidity and Leverage Liquidity Current Asset Current Liability $48.56 $51.31 $56.67 $69.40 $63.55 $62.00 $45.07 $45.93 Wor
Slide 5: Segment Update – Q1, 2025
Segment Update – Q1, 2025 Meridianbet Group Amounts in millions (YOY Growth Rate) GMAG RKings & CFAC Revenue $27.7 (12%) $3.8 $11.2 Segment Gross $19.9 (12%) $1.1 $3.2 Segment Profit $4.8 (-10%) $0.2 $0.6
Slide 6: 2025 Revenue Outlook
2025 Revenue Outlook Guidance: “We expect our full-year revenue to be between $190 million and $195 million dollars, representing a 26% to 29% growth rate over 2024.”
Slide 7: Reconciliation of U.S. GAAP Revenue to Organic Revenue (Unaudited)
Reconciliation of U.S. GAAP Revenue to Organic Revenue (Unaudited) Organic Revenue* Q1 2025 Q1 2024 (in thousands) Revenue $42,723 $24,851 Acquired entity revenue (2,305) 13,177 Organic revenue $40,418 $38,028 *Organic Revenue is defined as Meridianbet Group, GMAG and RKings (excluding CFAC) for FY
Slide 8: Stand-Alone Q1 Income Statement (Unaudited)
Stand-Alone Q1 Income Statement (Unaudited): Golden Matrix Group, Inc. and Subsidiaries Consolidated Statements of Operations and Comprehensive Income (Loss) Unaudited Three Months Ended March 31, 2025 March 31, 2024 Revenues $ 42,723,053 $ 24,850,587 Cost of goods sold (18,527,092) (7,158,657) Gros
Slide 9: Non-GAAP Financial Measures and Non-GAAP Reconciliations
Non-GAAP Financial Measures and Non- GAAP Reconciliations In addition to financial measures presented in accordance with U.S. GAAP, we monitor certain non -GAAP key financial measures. The presentation of these non-GAAP financial measures is used to enhance the understanding of certain aspects of ou
Slide 10: Reconciliation of U.S. GAAP Net Income to EBITDA and Adjusted EBITDA (Unaudited)
Reconciliation of U.S. GAAP Net Income to EBITDA and Adjusted EBITDA (Unaudited) Three Months Period Ended March 31-25 March 31-24 Net income $ (258,217) $ 3,949,022 + Interest expense 1,471,360 4,371 - Interest income (43,936) (34,882) + Taxes (336,053) 281,697 + Depreciation 1,436,247 1,201,599 +
Slide 11: Reconciliation of Net Debt and Leverage Calculation (Unaudited)
Reconciliation of Net Debt and Leverage Calculation (Unaudited) Q2, 2024 Q3, 2024 Q4, 2024 Q1, 2025 Interest-bearing liabilities and $68,451,100 $76,297,478 $71,017,544 $64,854,396 consideration payable Less: cash and $32,829,744 $38,404,951 $30,125,944 $29,661,926 cash equivalents Net Debt $35,621,
Slide 12: Meridianbet Q1 Highlights
Meridianbet Q1 Highlights Strategic Execution Community Investment Strong Operational Growth Sustained growth through product 56 initiatives: health, education, New registrations ↑ 22%, first-time deposits ↑ 56% ownership, speed, and focus. sustainability, responsible betting. Total deposits ↑ 12%,
Slide 13: info@goldenmatrix .com goldenmatrix.com
Email Website info@goldenmatrix .com goldenmatrix.com