Super Group (SGHC) Limited, the parent company of online betting and gaming businesses Betway and Spin, announced its unaudited consolidated financial results for the fourth quarter and full year 2025, revealing significant revenue and Adjusted EBITDA growth, a substantial increase in customer numbers, and elevated 2026 financial guidance. The company also detailed an increased dividend program and a new revolving credit facility.
For the full year 2025, Super Group reported revenue of approximately $2.2 billion, marking a 22% increase from $1.8 billion in 2024. Adjusted EBITDA surged by 57% to $560 million, up from $356.8 million in the prior year, achieving an approximate 25% margin. The company concluded 2025 with $513 million in cash and cash equivalents, having returned $156 million to shareholders during the year, with an additional $125 million special dividend declared in January 2026 and paid in February.
Neal Menashe, Chief Executive Officer of Super Group, stated that 2025 was a standout year due to sharpened focus, including the exit from the U.
S. iGaming market to concentrate resources in regions with expected durable advantages. This strategy resulted in record customer growth. He also noted that the final regulatory approval for the Apricot transaction was received, which is expected to strengthen the ex-Africa sportsbook technology platform.
Alinda van Wyk, Chief Financial Officer of Super Group, highlighted the strength and scalability of the company’s model. She also announced the 2026 financial guidance, projecting total revenue of at least $2.55 billion and Adjusted EBITDA in excess of $680 million. The company intends to raise its quarterly dividends by a minimum of 25% to 5.0 cents per share.
In line with this, Super Group’s Board of Directors has increased the annual dividend program target from 16.0 cents to a minimum of 20.0 cents cash per share in 2026, payable quarterly. The first dividend of 5.0 cents per share is scheduled for payment on March 31, 2026, to shareholders of record as of March 16, 2026.
Further enhancing its financial flexibility, Super Group entered into a $100 million senior multi-currency revolving credit facility (RCF) on February 13, 2026. This RCF, provided by Barclays Bank, JPMorgan Chase Bank, and Citibank, matures on February 13, 2029, and bears interest at 1.5% per annum plus the applicable relevant reference rate. It is intended to support growth initiatives and general corporate purposes.
Fourth-quarter 2025 revenue increased by 8% to $578.3 million from $533.3 million in Q4 2024, driven by growth in Europe, Africa, North America (primarily Canada Ex-Ontario), and APAC markets. Adjusted EBITDA for the quarter was $139.0 million, up from $125.9 million in the same period last year. Monthly average customers for Q4 2025 reached 6.1 million, a 16% increase from 5.3 million in 2024. Full-year monthly average customers grew 17% to 5.6 million from 4.8 million in 2024.
The financial results presented are preliminary and unaudited, subject to change upon completion of the audit for the year ended December 31, 2025. Super Group has adopted USD as its presentation currency effective January 1, 2025, with comparatives re-presented retrospectively. Adjusted EBITDA is a non-GAAP financial measure used by Super Group to supplement IFRS results, providing additional perspective on core business performance and aligning with measures reported by public competitors.
