Announcement • Jul 15
GiG Approved by Alberta Gaming, Liquor and Cannabis Commission for Alberta and Launches on Day One of Market Opening GiG Software Plc has secured registration from the Alberta Gaming, Liquor and Cannabis Commission (AGLC), and subsequently launched one of its top tier partners, LuckyDays, into the newly regulated market on the opening day, marking another key milestone in its continued expansion across Canada's regulated markets. The approval and launch positions GiG to support operators entering Alberta in the province's fully regulated online gaming market. GiG's platform is now licensed, certified or adapted across more than 31 regulated markets worldwide. This extensive footprint enables GiG to support partners with fast, compliant market entry, while leveraging a proven, repeatable deployment model that accelerates launches and reduces operational complexity across jurisdictions. A key differentiator for GiG is its ability to scale partners efficiently across multiple markets and brands, supported by its modular PAM and sportsbook technology. This allows operators to enter new jurisdictions quickly, replicate successful market strategies, and expand their presence without duplicating infrastructure or increasing operational overhead. This capability is already demonstrated in Canada, where GiG was an early entrant into Ontario and has four brands live in the province, complemented now by the launch of LuckyDays in Alberta. The successful rollout highlights GiG's ability to execute at pace in complex regulatory environments, providing a clear blueprint for expansion into Alberta and future regulated markets. New Risk • Jul 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€15m). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (kr266.5m market cap, or US$27.4m). Major Estimate Revision • May 28
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €44.5m to €43.1m. Losses expected to increase from €0.055 per share to €0.065. Hospitality industry in Sweden expected to see average net income growth of 36% next year. Consensus price target down from kr7.34 to kr7.12. Share price rose 4.7% to kr2.25 over the past week. 
