Super Group (SGHC) Ltd

Hello, everyone, and thank you for joining the Supergroup third quarter 2025 earnings webcast and conference call. My name is Lucy and I'll be coordinating your call today. During the presentation, you can register a question by pressing star followed by one on your telephone keypad. If you change your mind, please press star followed by two. It is now my pleasure to hand over to your host, Enkem Ojibwe, head of investor relations to begin. Please go ahead.

Good morning, everyone. And thank you for joining us today to discuss Supergroup's results for the third quarter 2025. During this call, Supergroup may make comments of a forward-looking nature that are subject to risk, uncertainties, and other factors discussed further in its SEC filings that could cause the actual results to differ materially from historical results or from the company's forecast. Supergroup assumes no responsibility to update forward-looking statements other than as required by law. On today's call, Supergroup may refer to certain non-GAAP financial measures. These non-GAAP financial measures are in addition to and not a substitute for measures of financial performance prepared in accordance with GAAP. Supergroup has provided a reconciliation of the non-GAAP financial measures to the most comparable GAAP figures in the press release issued yesterday and available on the Investor Relations page of Supergroup's website. Supergroup recommends that investors refer to a supplementary presentation posted to the company's website. Today, I'm joined by Neil Menashe, Chief Executive Officer, and Alinda Von Veig, Chief Financial Officer. After our prepared remarks, we'll open the call for questions. And now, I'd like to turn the call over to Neil.

Thank you, Inc. Good morning, everyone, and welcome to Supergroup's third quarter 2025 earnings call. We delivered another strong and resilient performance this quarter, powered by consistent execution, record customer engagement, and continued focus on margin expansion. We achieved this despite customer-friendly sports results in September, and with customer acquisition up very nicely year on year, we are positioned for a good fourth quarter. We enjoyed seeing many of you in our London office for our investor day in September. Now we would like to share some key takeaways since then. First, we hit a record of 6 million monthly active customers in September, which we have already surpassed in October. This reflects the depth of our global footprint, our localized execution, and the value loyal customers continue to place on our products and platforms. Second, we are proud to officially announce the upcoming Q4 launch of SuperCoin, our South African Rand PEG digital asset stablecoin initiative. This marks a significant and strategic step forward in how we think about payments, rewards, and engagement. Finally, despite unfavorable sports outcomes in September rolling marginally into October, we are raising our full-year group revenue in EBITDA 2020 Before I turn to Linda for the financial details, I wanted to offer a quick overview of our operational performance this quarter and elaborate more on Supercoin. Europe's revenue surged 46% year-over-year, with the UK and Spain leading the charge, up 71% and 11% respectively. This outstanding performance reflects a combination of regulatory stability product innovation and enhanced marketing execution. In contrast, Germany continued to be impacted by tighter regulatory restrictions, as well as an intentionally reduced marketing spend to preserve unit economics in a challenging environment. Africa delivered 36% year-over-year growth, driven by strong performance across all markets. Botswana remains a standout with continued momentum since launch. Malawi and Tanzania also posted solid gains, while South Africa grew 23% year-over-year. In Nigeria, we have successfully completed the migration to our new technology platform, which positions us for improved scalability and customer experience. In Zambia, we are proactively navigating casino tax headwinds and are making good progress. North America grew 14% year-over-year. Canada ex-Ontario increased 15%, supported by higher deposit volumes and strong customer retention. Ontario increased 3%. We are planning to launch our new casino client there in the first half of 2026. APAC revenue was also up 3% year over year, marking a solid improvement from last quarter's 6% decline. In New Zealand, revenue declined 2%, primarily driven by continued marketing restrictions, We are obviously actively addressing this issue. We are on track to launch the ZAR Supercoin in late November in partnership with LUNA, the largest customer-consumer crypto exchange in South Africa. This new South African Rand peg stablecoin is designed to deepen customer loyalty, reward engagement, and enable cross-platform benefits across the super group ecosystem. We intend SuperCoin to be more than just a rewards tool. It marks a crucial first step in integrating digital assets into our product stack. Our digital asset wallet is expected to launch in Q1 2026, starting in South Africa, where adoption of alternative payment methods continues to accelerate. This wallet will provide customers with a seamless and secure way to store, send, and transact using SuperCoin, and we expect it will lead to cost deficiencies over time. In the longer term, we plan to expand availability in line with local regulatory frameworks. With that, I'll now turn over to Alinda.