Super Group (SGHC) Ltd

Thank you for standing by. My name is Jael, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Supergroup Second Quarter 2026 Earnings webcast and conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you'd like to withdraw your question, simply press star one again. I would now like to turn the conference over to Ink Ojibwe, Head of Investor Relations for Supergroup. Please go ahead.

Thank you. Good morning, everyone, and thank you for joining us today to discuss Supergroup's results for the second quarter 2026. 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 violence which could cause actual results to differ materially from historical results or from our forecast. We assume no responsibility to update forward-looking statements other than is required by law. On today's call, we may refer to certain non-GAAP financial measures. These measures are in addition to and not a substitute for measures of financial performance prepared in accordance with GAAP. Reconciliations to the most comparable gap metrics are included in the press release issued yesterday and available on the investor relations page of our website. We recommend that investors refer to the supplementary presentation posted on our website. Today, I'm joined by Neal Menashe, Chief Executive Officer, and Alinda Van Wyk, Chief Financial Officer. After our prepared remarks, we will open the call for questions. and now I'd like to turn the call over to Neal. Thank you, Inc., and good morning, everyone.

I'm pleased to report that the second quarter 2026 marked another exceptional period for Supergroup, surpassing the record set in the first quarter. Revenue, adjusted EBITDA, deposits and wagering activity all reached new highs, supported by strong underlying momentum across the business and increased engagement during the FIFA World Cup. As announced yesterday, we are super excited about our landmark partnership with Manchester United, making Betway the club's principal partner and exclusive global betting partner for the upcoming English Premier League season starting later this month. This partnership will further enhance Betway's profile across United's massive worldwide fan base. Man U status as arguably Africa's most popular football club strongly aligns with our long-term brand and growth objectives. The World Cup drove exceptional customer acquisition and solid cross-sell across the business. New customer acquisition increased more than threefold compared with the prior World Cup period. During the tournament, customers placed over 166 million football bets. Approximately 60% of those bets, or $100 million, were on World Cup matches. Our sports margin is a record 17% for the quarter, reflecting improved pricing and risk management, the continued growth of parlays, and most importantly, the quality and durability of our customer base. Our focus remains on acquiring and retaining customers who generate sustainable long-term value. Our super-persistent annuity revenue model is intended to sustain customer cohorts that generate predictable revenues and profits. This disciplined approach is intended to ensure robust long-term returns that are coupled with healthy and sustainable unit economics. We see this working particularly well in Africa, which delivered another outstanding quarter. Revenue grew 36% year over year, while adjusted EBITDA increased 47% to $133 million, driven by broad-based growth across the region. Sports and casino wages were up 5% and 28%, respectively, year over year. Looking ahead, We continue to see attractive opportunities to expand our footprint and remain on track for the expected launch of Nanibia in Q4. We also remain focused on increasing the utility of our ZAR supercoin. We are expanding wallet functionality, broadening exchange access, and advancing the phase rollout strategy while building the foundation for broader adoption and remittance across keen African markets. International grew 7% year-over-year, X the US it was 12%, while adjusted EBITDA held steady at $84 million, with strong underlying growth offset by the UK tax and short-term cost of strategic generosity key campaigns that we expect will deliver ongoing benefits in due course. In Europe, revenue grew 22%, led by a 34% increase in the UK, which delivered record revenue in May. Island was up 18% year-over-year. We expect to launch slots in Germany this month, bringing our full product suite to the market. North America, excluding the U.S., grew 9%. Canada ex-Ontario delivered 11% revenue growth, supported by strong retention and continued product enhancement. In Alberta, revenue was up 8% year-over-year, ahead of the province's regulated market launch on July the 13th. We are approaching the rollout in a disciplined and phased manner to support sustainable long-term growth. Rest of world revenue increased 6%, led by strong performance in New Zealand, which grew 14% year over year despite reduced marketing spend. We are preparing for local licensing and positioning the business for a seamless transition to a regulated market. With that, I'll turn the call over to Alinda.