EX-99.1 2 gmgi_ex991.htm PRESS RELEASE EXHIBIT 99.1 Golden Matrix Posts Q2 Results; Operational Momentum Outpaces Top-Line Growth LAS VEGAS, NV, August 6, 2025 – Golden Matrix Group Inc. (NASDAQ: GMGI) ("Golden Matrix" or the "Company"), a developer, licensor, and global operator of online gaming platforms, today announced financial and operational results for the second quarter ended June 30, 2025. The quarter saw an acceleration in operating metrics which continue to outperform. Product enhancements drove ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission File Number: 001-41326 Golden Matrix Group, Inc. (Exact name of registrant as specified in its charter) Nevada 46-1814729 (State or other jurisdiction of in ...

LAS VEGAS, July 22, 2025 (GLOBE NEWSWIRE) -- Expanse Studios, a cutting-edge game developer focused on innovative iGaming experiences and a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has entered into a content partnership with Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG), a global B2B iGaming content and technology provider. The agreement significantly expands the distribution of Expanse Studios' proprietary slots, crash and table games across over 30 regulated markets globally, including the U. ...

VALLETTA , Malta, July 01, 2025 (GLOBE NEWSWIRE) -- Expanse Studios, the B2B game development division of Golden Matrix Group Inc. (NASDAQ: GMGI), has received official certification from Croatia's Ministry of Finance for its flagship game Super Heli, with additional titles in the company's 56-game portfolio expected to receive approval in the coming weeks for the EU member state. The certification marks a strategic entry into a market that generated US$484.70m in 2024, with projected growth at a CAGR of 8. ...

Group 1 - The article initiates coverage on Golden Matrix Group, Inc. (NASDAQ: GMGI) with a Strong Buy rating and a price target of $8 [1] - Golden Matrix Group specializes in providing enterprise SaaS gaming platforms and licensed content to online casinos and sportsbooks, indicating a growing market presence [1] - Moretus Research emphasizes a structured approach to equity research, focusing on companies with durable business models and mispriced cash flow potential [1] Group 2 - The research methodology of Moretus Research combines rigorous fundamental analysis with a judgment-driven process, aiming to filter out noise and overly complex forecasting [1] - Valuation practices are based on sector-relevant multiples tailored to each company's business model, emphasizing comparability and relevance [1] - The research coverage targets underappreciated companies undergoing structural changes or temporary dislocations, which can lead to asymmetric returns [1]

Core Insights - Golden Matrix Group Inc. (NASDAQ: GMGI) announced an insider purchase of 10,000 shares at a price of $1.36 per share, as reported in an SEC Form 4 filing dated May 27, 2025 [1]. Company Overview - Golden Matrix Group Inc. develops and distributes proprietary gaming platforms, sports betting solutions, and promotional games across over 25 international markets. Its portfolio includes brands such as Meridianbet, Expanse Studios, GMAG, R Kings Competitions, and Classics for a Cause [4]. Insider Activity - There have been a total of 25 insider purchases recorded for GMGI in the past year, indicating a positive sentiment from company insiders [5]. - Argus Research has reiterated a Buy signal for GMGI, suggesting confidence in the company's future performance [5].

Group 1 - Argus Research reaffirms a revenue forecast of $200 million for Golden Matrix Group Inc. (GMGI) in 2025, indicating significant upside potential relative to current trading levels [1][7] - The forecast is supported by new market entries and the performance of AI-driven platforms, suggesting continued revenue growth and operational expansion across key global markets [1][7] - Golden Matrix Group operates as a B2B and B2C gaming technology company, developing proprietary gaming platforms and operating regulated online sports betting and gaming sites [4]

Core Insights - Meridianbet, a member of Golden Matrix Group, is committed to environmental and social responsibility through impactful green initiatives [1][7] - In 2024, the company organized nearly 300 CSR initiatives, with over 80 projects in Q1 2025 focusing on health, education, community impact, responsible betting, and environmental protection [2] Environmental Initiatives - The Fruška Gora Cleanup, linked to the 32nd Fruška Gora MTB Marathon in Serbia, showcased the company's commitment to environmental care by cleaning forest trails and protecting national parks [3][4] - The success of the Fruška Gora initiative inspired similar environmental efforts in other markets, including Tanzania, promoting ecological awareness across borders [4] Community Engagement - The Epic Trail event, part of the 300 community-focused campaigns in 2024, aimed to promote healthy lifestyles and social inclusion while building brand trust through direct community engagement [5][6] - Meridianbet's initiatives are designed to create measurable social impact, reinforcing its presence in the markets it operates [6] Long-term Sustainability Vision - Meridianbet and Golden Matrix Group view sustainability as a long-term global mandate, with future campaigns targeting greenhouse gas reduction, biodiversity protection, and waste minimization [6][7] - The company's efforts position it as a global role model for environmentally conscious gaming, aligning growth with positive global impact [7] Company Overview - Founded in 2001, Meridianbet is a leading provider of betting and gaming technology, licensed in 18 jurisdictions across Europe, Africa, and South America [8] - The company operates with a strong omnichannel presence, including retail, online desktop, and mobile gaming, as a subsidiary of Golden Matrix Group [8]

Group 1 - Expanse Studios, a B2B game development unit of Golden Matrix Group Inc. (NASDAQ: GMGI), has completed multiple integrations across U.S.-focused social and sweepstakes casino platforms [2][5] - The company has launched its new flagship game, Gates of Olympia, aimed at enhancing its proprietary content portfolio and improving partner retention [2][5] - Expanse's recent integrations indicate a growing B2B segment characterized by high engagement and low customer acquisition costs (CAC) [5] Group 2 - The company currently has ten active or contracted partnerships in the social casino and sweepstakes segment, which is expected to drive recurring revenue growth [5] - The launch of the new flagship game is anticipated to contribute to better margins for the company [5]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $42.7 million, representing a 72% year-over-year increase, with constant currency growth at 76% [8] - Gross profit reached $24.2 million, reflecting a gross margin of approximately 57%, a decline of 14 percentage points from the previous year [9] - Net loss was $300,000 or $0.00 per share, a decline of $4.2 million from the previous year [12] - Adjusted EBITDA declined by $300,000 or 5% to $5.6 million [12] - Cash and cash equivalents as of March 31, 2025, were $29.7 million, with a net debt leverage ratio under 1.6 turns [13] Business Line Data and Key Metrics Changes - The raffle business achieved record results, including all-time highs in revenue, ticket sales, and prize values, with a 46% increase in new users compared to Q1 2024 [6] - MeridianBet saw new registrations increase by 22%, first-time deposits surged over 56%, and total deposits rose 12% [15] Market Data and Key Metrics Changes - MeridianBet secured a permanent online betting license in Brazil, allowing full national coverage in a market projected to generate over $5.6 billion in GGR in 2025 [16] - The company launched B2B operations in Nigeria, tapping into a market with over 60 million bettors [16] Company Strategy and Development Direction - The company is focused on platform innovations and expansion into high-growth regulated markets, positioning itself at the forefront of the iGaming industry [5] - The strategy emphasizes smart growth, operational efficiency, and returning value to shareholders [20] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about growth opportunities for the year, expecting full-year revenue between $190 million and $195 million, representing a 26% to 29% growth rate over 2024 [21] - The company remains committed to disciplined capital allocation and investments that enhance growth and long-term value [21] Other Important Information - The company eliminated approximately $9.6 million in debt and converted over $9.5 million in acquisition-related debt into equity, enhancing financial strength and flexibility [6] - MeridianBet's community initiatives included 56 projects focused on health donations, scholarships, and responsible betting education [17] Q&A Session Summary Question: What are the growth expectations for the company in 2025? - The company expects full-year revenue to be between $190 million and $195 million, indicating a growth rate of 26% to 29% over 2024 [21] Question: How is the company addressing operational costs? - The increase in operating expenses is attributed to costs related to geographic expansion, market share improvement, and technology advancements [11]