Super Group (SGHC) Q4 2025 Earnings Transcript

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Tuesday, Feb. 24, 2026 astatine 8 a.m. ET

• Chief Executive Officer — Neal Menashe

• Chief Financial Officer — Alinda Van Wyk

• Head of Investor Relations — Nkem Ojougboh

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Neal Menashe, Chief Executive Officer, and Alinda Van Wyk, Chief Financial Officer. After our prepared remarks, we volition unfastened the telephone up for questions. I volition present crook the telephone implicit to Neal.

Neal Menashe: Thank you, Nkem.

Nkem Ojougboh: Good morning, everyone. 2025 was a standout twelvemonth for Super Group (SGHC) Limited. We refined our portfolio by exiting US iGaming,

Neal Menashe: allowing america to absorption connected markets wherever we expect wide durable advantages and wherever we judge we tin triumph decisively. Concentrating resources successful our halfway regions successful this mode has paved the mode for the grounds maturation and operating leverage that we proceed to spot today. Despite immoderate unfavorable sports outcomes precocious successful the year, Q4 was different record-breaking period. Monthly progressive customers exceeded 6,000,000, a caller record, and deposits besides reached caller highs. In mentation for a beardown 2026, we successfully launched ZAR Supercoin successful South Africa, the archetypal measurement successful our broader integer outgo infrastructure.

We are besides pleased that we person received the last regulatory support of the Apricot transaction, which strengthens our Sportsbook exertion level and begins the process of real-life outgo savings. Turning to operational performance, we closed the twelvemonth with important momentum crossed precedence markets. Europe saw beardown gross maturation this quarter, up 23% twelvemonth implicit year, led by a 37% summation successful the UK. In Spain, gross grew 5% connected the backmost of beardown retention and merchandise improvements. In Germany, we stay encouraged by the upcoming H1 slots motorboat and the operational efficiencies we proceed to instrumentality crossed the market.

Africa grew 27% for the afloat twelvemonth against 2024, with Botswana outperforming since motorboat and South Africa delivering beardown wagering maturation and grounds casino volumes. Compared to 4th fourth 2024, Africa was up 7%. This was a precise coagulated effect fixed past year's robust sports borderline and this year's customer-friendly outcomes. The underlying spot of our Africa concern is highlighted by 31% maturation successful sports wagers and 52% maturation successful casino wagers twelvemonth implicit year. Overall, Africa remains a almighty maturation motor supported by continued lawsuit momentum and precocious marque loyalty crossed the region. And we proceed to measure our strategy successful Nigeria.