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GiG Software Plc has reported an eight per cent year-on-year increase in revenue for the fourth quarter of 2025, alongside a significant improvement in profitability, as the Malta-based B2B iGaming technology company continues to scale its platform and sportsbook operations.
According to the company’s latest financial results, Q4 revenue reached €9.5 million, up from €8.8 million in the same period the previous year. Adjusted EBITDA rose to €1.5 million, marking a €1.4 million improvement year-on-year, with margins expanding to 15 per cent from one per cent in Q4 2024.
For the full year, GiG recorded revenue of €37.6 million, representing 18 per cent growth compared to 2024. The company also posted positive adjusted EBITDA of €4.3 million, reversing a loss of €3 million the previous year, while reducing its operating loss to €15.2 million.
Operationally, GiG delivered six new launches during the fourth quarter, bringing the total number of launches in 2025 to 16. The company also signed five new commercial agreements for its platform and sportsbook services during the period, highlighting continued demand for its B2B offering.
The company said it is progressing with a cost optimisation programme and has introduced new AI-based tools as part of broader strategic priorities aimed at improving efficiency and scalability.
In February 2026, GiG also announced a new platform and sportsbook migration agreement with Jupiter Gaming, a move expected to strengthen its presence in the UK market.
GiG ended the year with cash and cash equivalents of €9.9 million, up from €6.4 million a year earlier, while reporting a net cash inflow of €5.2 million in Q4.
Looking ahead, the company reiterated its commitment to achieving underlying cash generation by the end of the first half of 2026. Guidance for the current year projects revenue between €44 million and €48 million, with adjusted EBITDA expected to range between €10 million and €13 million.
Commenting on the results, CEO Richard Carter said 2025 marked the company’s first full year as an independent listed entity, highlighting both revenue growth and improving operational discipline. He added that GiG enters 2026 with “strong momentum,” supported by customer additions and ongoing strategic execution.
