6 days ago
9
Proactive
Tue, February 10, 2026 astatine 10:15 AM CST 1 min read
Peel Hunt has reiterated its 'buy' proposal and 60p terms people connected Gaming Realms PLC (LSE:GMR, OTCQX:PSDMF, FRA:RNE1), pursuing the company’s pre-close trading update, which confirmed different twelvemonth of double-digit gross and nett growth, led by continued US momentum.
Revenue for the past fiscal year rose astir 10% year-on-year, with adjusted EBITDA up astir 15%.
This was powered by a 23% summation successful US revenues (at changeless speech rates), which present correspond 61% of the radical total. The UK, by contrast, saw revenues diminution owed to staking limits introduced successful April 2025, though that resistance is present lessening.
Peel noted a insignificant £0.4m FX-related deed to EBITDA, prompting a tiny simplification to its FY25 estimation by £0.5m. FY25 EPS has besides been trimmed by 5%, but determination is nary alteration to FY26 forecasts.
The broker views UK hazard arsenic progressively marginal, forecasting the marketplace to lend conscionable 16% of halfway gross by FY27. It besides pointed retired that caller UK work increases had already been factored into its models.
Peel highlighted Gaming Realms’ spot successful geographic and spouse diversification, with contented present unrecorded successful 30 regulated markets and the Slingo portfolio supported by an expanding basal of planetary licensees.
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