Together Gaming Solutions makes €540,000 profit before tax in first half of 2026

Malta based iGaming-platform provider Together Gaming Solutions plc made a profit before tax of €542,215 for the first half of 2026, a turnaround from the loss of €29,156 it made in the first half of 2025.

The company serves as the B2B service provider within Cherry with Friends AB (Ultimate Group), owning the Ultimate Group’s primary intellectual property asset, the 'Enji' iGaming platform. This platform is offered to its clients, including the group's B2C iGaming operators, under a Malta Gaming Authority B2B licence.

The company's commercial model is principally revenue-share based. Platform fees are earned as a percentage of the B2C gaming revenues generated by the group's online gaming licensed operators utilising the Enji platform, it said in its interim results.

During the first half of 2026, revenue net of directly attributable costs amounted to €2.4 million, the company said.

“The continued growth in B2C gaming activity across the group's licensed operators utilising the Enji platform more than offset the impact of the revision of the turnkey platform fee rate to 7.5 per cent with effect from 1st January 2026,” the company added.

The company registered a profit after tax for the period amounting to €542,215.

The company said that its financial strategy during the first half of 2026 included the advance of an additional €1 million to Cherry with Friends AB. In connection with this additional advance, the original €5 million Term Loan Agreement dated 13th March 2024 was further amended and restated to reflect the increased aggregate principal outstanding under the facility, the company said.

“Management is confident that investments in B2C growth initiatives via the parent and ultimate parent companies will continue to yield sustainable revenue increases over the medium term.”

The company’s total asset base stands at €22.6 million as compared to €22.4 million as at 31st December 2025.

The company's main liability as at 30th June 2026 consists of the €12.5 million 6.25 per cent 2030-2032 bonds issued to the public, with a carrying amount of €12.1 million.

The board of directors did not recommend the payment of an interim dividend.