GiG Software PLC (GIG_SDB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and thank you for joining us. I'm Richard Carter, the CEO of GIG Software, and I'm joined today by our CFO, Phil Richards. Together, we'll take you through our second quarter twenty twenty six results, covering the financial performance of the quarter, our cost discipline program and the proposed upcoming acquisition of eighty six Africa, which we believe marks a real turning point for this business. Just briefly on the running order, I'll start with the key highlights from the quarter, and Phil will then take you through the financial review in detail. I'll then come back to close out with our strategic progress and outlook, including a deeper look at the eight eighty eight Africa transaction, the African market opportunity. With that, let's move to our key highlights. First and most significantly, we've agreed to acquire an 80% stake in eighty eight Africa for €16,400,000. Eighty eight Africa is an increasingly profitable, cash generative, leading B2C operator in the African market. We believe this transaction has multiple positive connotations for GIG's near term and also longer term profit and cash flow metrics, as well as strategically positioning GIG towards one of the most attractive iGaming markets with unparalleled long term growth opportunities. Now let's look at Q2. On an underlying basis, we delivered 8,800,000 of revenue and $800,000 of adjusted EBITDA for the quarter. And Phil will unpack the details behind these numbers shortly. We continue to build commercial momentum, signing seven commercial agreements in the quarter, four contract renewals and three new operators for the newly regulated Alberta market. We also delivered nine successful brand launches in the quarter. That takes us to 13 for the year to date, which is already...