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- Revenue of $579.4 million for the second quarter of 2025 representing the highest revenue recorded in a quarter
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- Profit before tax of $38.8 million for the second quarter of 2025
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- Non-GAAP Adjusted EBITDA ex-US of $162.0 million and a loss of $5.4 million from the U.S. amounted to Adjusted EBITDA of $156.7 million, representing the highest Adjusted EBITDA recorded in a quarter
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- Raising full-year Adjusted EBITDA guidance – Group: $470-$480 million; Ex-U.S.: $500-$510 million
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- Unrestricted cash of $393.0 million as of June 30, 2025<\/i><\/li>\n<\/ul>\n
NEW YORK–(BUSINESS WIRE<\/a>)–
\nSuper Group (SGHC) Limited (NYSE: SGHC) (\u201cSGHC\u201d, the “Company” or \u201cSuper Group\u201d), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced its second quarter 2025 unaudited consolidated financial results.<\/p>\n\nNeal Menashe, Chief Executive Officer of Super Group, commented: \u201cWe had a Super first half of 2025, driven by a record-breaking second quarter. The quarter\u2019s success was fueled by strong execution across our key markets, a full calendar of global sporting events, increased deposits, high customer retention, and margin expansion. While our decision to exit the U.S. was difficult, we believe that this step demonstrates our commitment to capital efficiency and long-term profitability. With continued focus on scaling our technology globally, Super Group should be even better positioned for sustained, profitable growth.\u201d<\/p>\n
\nAlinda van Wyk, Chief Financial Officer of Super Group, stated: \u201cQ2 marked the strongest quarterly financial performance in Super Group\u2019s history, with revenue up 30% year-over-year and Adjusted EBITDA up 78% year-over-year to $157 million, delivering a healthy 27% margin. These results underscore our scalable, cost-efficient operating model and controlled marketing spend. We ended the quarter with $393 million in unrestricted cash and zero debt, and returned $20 million to shareholders, bringing our 12-month capital returns to $166 million. Driven by our continued focus on core markets, we are raising our full-year Adjusted EBITDA guidance and remain confident in delivering long-term value to our shareholders.\u201d<\/p>\n
Financial Highlights:<\/b><\/p>\n
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- Revenue<\/b> increased by 30% to $579.4 million for the second quarter of 2025 from $446.5 million in the same period of the prior year, driven by growth from the Africa, Europe and North America markets partially offset by declines from the LATAM, Middle East and Asia-Pacific markets.\n<\/li>\n
- Profit before tax <\/b>was $38.8 million for the second quarter of 2025 and includes a non-cash charge of $63.9 million related to the impairment of Digital Gaming Corporation Limited (“DGC”)’ iGaming related assets and $22.6 million relating to onerous contracts. By comparison, profit before tax for the second quarter of 2024 was $22.1 million and included a non-cash charge of $39.6 million related to the impairment of DGC’s sportsbook assets.\n<\/li>\n
- Adjusted EBITDA, <\/b>a non-GAAP financial measure, increased by 78% to $156.7 million for the second quarter of 2025 compared to $88.2 million in the second quarter of 2024.\n<\/li>\n
- Monthly Active Customers<\/b> increased by 21% to 5.5 million for the second quarter of 2025 compared to 4.5 million in the second quarter of 2024.\n<\/li>\n
- Balance Sheet:<\/b> Total Assets: $1.1 billion; Total Liabilities: $454.4 million; Total Equity: $662.3 million.\n<\/li>\n
- Cash and cash equivalents <\/b>was $393.0 million as of June 30, 2025 compared to $388.0 million at December 31, 2024.\n<\/li>\n
- Dividends<\/b> of $20.2 million was paid during the quarter, bringing the 12-month capital returns to $166 million.\n<\/li>\n<\/ul>\n
Guidance 2025<\/b><\/p>\n
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- \nSuper Group is raising its full-year Group Adjusted EBITDA guidance to $470-$480 million.<\/p>\n<\/li>\n
- \nEx-U.S. Adjusted EBITDA is now expected to be between $500-$510 million, up from greater than $480 million compared to prior guidance.<\/p>\n<\/li>\n
- \nU.S. Adjusted EBITDA is expected to be a loss of $30 million, excluding one-off cost of U.S. exit.<\/p>\n<\/li>\n<\/ul>\n
Interim Financial Statements:<\/b><\/p>\n
\nThe Group intends to publish a condensed set of interim accounts for the six months ended June 30, 2025 and comparative period by the end of August 2025, which will include a condensed Statement of Profit or Loss and Other Comprehensive Income, condensed statement of Financial Position, condensed Statement of Changes in Equity, condensed Statement of Cash Flows and relevant notes.<\/p>\n
Revenue by Geographical Region for the Three Months Ended June 30, 2025 in $ millions:<\/i><\/b><\/p>\n
- Profit before tax <\/b>was $38.8 million for the second quarter of 2025 and includes a non-cash charge of $63.9 million related to the impairment of Digital Gaming Corporation Limited (“DGC”)’ iGaming related assets and $22.6 million relating to onerous contracts. By comparison, profit before tax for the second quarter of 2024 was $22.1 million and included a non-cash charge of $39.6 million related to the impairment of DGC’s sportsbook assets.\n<\/li>\n
- Revenue<\/b> increased by 30% to $579.4 million for the second quarter of 2025 from $446.5 million in the same period of the prior year, driven by growth from the Africa, Europe and North America markets partially offset by declines from the LATAM, Middle East and Asia-Pacific markets.\n<\/li>\n
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