Kambi Group plc (KAMBI) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Canby's Q4 earnings call. At this time, all participants are in listen-only mode. After the speaker presentations, there will be time for questions and answers. If you wish to ask a question, please press star 1-1. Please be advised that today's conference is being recorded. And the agenda for today. We will start with some highlights from our CEO, Werner Becher, followed by a financial summary from our CFO, David Kenyon. Then Werner will come back with some operational highlights and the summary of the quarter. Following the presentation, we will have time for the Q&A. With that, I would like to hand over the conference to you, Werner. Please go ahead. Thanks, Mathias. As we look back on 2025, we closed the year on a strong footing. Our adjusted EBITDA for Q4 grew 16%. And that momentum has not slowed as we've entered 26%. Since the start of the year, we've added another four partnerships, taking us to 15 since the start of Q4. We were also pleased to launch with Ontario Lottery in late January, making another major milestone for the business. So we ended the year with strong operational progress across the business and we started the new one with the same pace and conviction. Handing over to you, David. I'll give you a start with the financial summary for the quarter and for the year. So revenue in Q4 was 42.7 million euros, buoyed by a strong operating trading margin. We saw a significant decrease in costs in the quarter versus last year. And this led to an increase in adjusted EBITDA earnings for interest tax and amortization on acquisitions from 6.3 to 7.4 million. The cash flow in the quarter was 6 million. For the full year, revenue this year was 162 million. Last year's number of 176.4 million included 12.5 million trans...