Super Group(SGHC) - 2025 Q2 - Quarterly Report

Financial Performance - Super Group reported Q2 2025 revenue of $579.4 million, a 30% increase from $446.5 million in Q2 2024[6] - Adjusted EBITDA for Q2 2025 reached $156.7 million, up 78% year-over-year, with a margin of 27%[5] - Profit before tax for Q2 2025 was $38.8 million, including non-cash charges of $63.9 million related to asset impairment[6] - Super Group raised its full-year Adjusted EBITDA guidance to $470-$480 million, with Ex-U.S. Adjusted EBITDA expected between $500-$510 million[10] - Revenue from North America for Q2 2025 was $199 million, accounting for 34% of total revenue[8] - The company ended Q2 2025 with $393 million in unrestricted cash and zero debt[5] - Total assets as of June 30, 2025, were $1.1 billion, with total liabilities of $454.4 million[6] Customer Metrics - Monthly Active Customers increased by 21% to 5.5 million in Q2 2025 compared to 4.5 million in Q2 2024[6] Shareholder Returns - The company returned $20 million to shareholders during the quarter, totaling $166 million in capital returns over the past 12 months[6] - Super Group intends to pay a dividend, with expectations regarding timing and market opportunity growth[25] Strategic Decisions - Super Group's decision to exit the U.S. market is aimed at enhancing capital efficiency and long-term profitability[3] Operational Risks - The company faces risks including changes in competitive and regulatory environments, which could impact financial projections[27] - The effectiveness of technological solutions to block customers in certain jurisdictions is a key operational concern[27] - Compliance with data protection and privacy laws is essential for Super Group's operations[27] - The company must manage risks associated with trading and pricing in the sports betting and gaming industry[27] Market Strategy - Super Group's ability to develop and market new products and services is crucial for maintaining and growing market share[27] - The company relies on strategic relationships with land-based casinos and other partners to enhance its market presence[27] - Super Group's success in online betting and gaming products will influence its overall performance[27] - Regulatory approvals related to acquisitions are necessary for successful integration of new businesses[27] Forward-Looking Statements - Super Group's forward-looking statements are subject to various uncertainties and should not be overly relied upon[26]