SGHC

Interested in Super Group (SGHC) Limited? Here are five stocks we like better. Record Q2 performance: Revenue rose 18% year over year to $684 million, while adjusted EBITDA increased 30% to $204 million, expanding the margin to 30%. Monthly active customers grew 13% to 6.2 million. World Cup and Africa fueled growth: World Cup customer acquisition more than tripled from the prior tournament, with nearly half of new sportsbook customers cross-selling into casino products. Africa revenue climbed 36% and adjusted EBITDA rose 47%. 2026 outlook raised: Super Group now expects more than $2.6 billion in revenue and $710 million in adjusted EBITDA. With $548 million in cash, management is evaluating dividends, buybacks, organic investments and selective acquisitions. 3 stocks that crushed earnings estimates and still tanked Super Group (SGHC) (NYSE:SGHC) reported record second-quarter results for 2026, with revenue, adjusted EBITDA, deposits and wagering activity reaching new highs as customer engagement increased during the FIFA World Cup. Total revenue rose 18% year over year to $684 million, while adjusted EBITDA increased 30% to $204 million. The company’s adjusted EBITDA margin expanded to 30% from 27% in the prior-year period. Average monthly active customers reached 6.2 million, up 13% from a year earlier. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling Chief Executive Officer Neal Menashe said the results reflected strong underlying momentum across the business, improved sports pricing and risk management, growth in parlay betting, and a focus on retaining customers that produce sustainable long-term value. Menashe said the World Cup drove customer acquisition and engagement, with new customer acquisition more than tripling compared with the prior World Cup period. Customers placed more than $166 million in football bets during the tournament, including approximately $100 million wagered on World Cup matches. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High Super Group’s sports margin reached a record 17% in the quarter. Menashe attributed the performance to improvements in pricing and risk management, continued parlay growth, and the quality of the company’s customer base. He said the company expects combined sports margins across Africa and international operations to fall within a 13% to 14% range over time. The company also reported strong casino cross-sell from World Cup-acquired customers. Menashe said nearly half of new sportsbook customers cross-sold into casino products, while later citing a 53% casino-wager participation rate for the World Cup cohort, compared with 23% for the 2022 cohort. → No Hangover: Revisiting Microsoft One Week After Earnings While the company reported a sequential decline in monthly active users, Menashe said management did not view that trend as a concern. He pointed to normal seasonality, including a period with little soccer activity before the World Cup, as well as tax effects in two smaller African markets that affected lower-value customer counts. Revenue continued to grow sequentially, he said. Africa remained a major growth contributor. Revenue in the region increased 36% year over year, while adjusted EBITDA rose 47% to $133 million. Sports wagering increased 5% and casino wagering grew 28% from the prior-year period. Super Group expects to launch in Namibia during the fourth quarter and is continuing work to expand the functionality and accessibility of its ZAR Supercoin wallet. Menashe said the company is building toward broader adoption and remittance capabilities in key African markets. International revenue increased 7% year over year, or 12% excluding the U.S., while adjusted EBITDA held steady at $84 million. Management said underlying growth was partially offset by U.K. tax effects and the short-term cost of promotional campaigns. In Europe, revenue increased 22%, led by a 34% gain in the U.K. and 18% growth in Ireland. The U.K. recorded a revenue high in May, according to Menashe. Super Group also expects to introduce slots in Germany during August, completing its full product offering in that market. North America excluding the U.S. grew 9%, with Canada excluding Ontario up 11% on customer retention and product improvements. Alberta revenue increased 8% year over year ahead of the province’s regulated-market launch on July 13. Management said it is using a phased rollout approach in Alberta, with particular attention to customer experience and retention among higher-value customers. Revenue in the rest-of-world segment increased 6%, led by 14% growth in New Zealand despite lower marketing spending. The company said it is preparing for local licensing and a transition to a regulated market there. Chief Financial Officer Alinda van Wyk said marketing expense was down roughly 1% to 2% year over year, reflecting the usual seasonal pattern in the second quarter and lower-than-expected World Cup spending due to unfavorable time zones for many customers. She said Super Group expects marketing spending to return to approximately 21% to 22% of revenue during the remainder of 2026. Van Wyk also addressed a sequential increase in adjusted general and administrative expense to roughly $100 million. About 40% of the increase was associated with one-time costs, including audit alignment work and technology and infrastructure expenses, she said. The company also brought the Apricot operational business, including about 100 employees, and the E-Market marketing business into its operations. Van Wyk said G&A should stabilize toward the low-$90 million range by the end of the quarter. Menashe said Super Group has consolidated its call centers and risk operations onto one technology stack. The company is also applying product, pricing and marketing capabilities across its African and international operations, which management said is contributing to margin improvement. Following its first-half performance and what Van Wyk described as a solid start to the third quarter, Super Group raised its full-year outlook. The company now expects revenue of more than $2.6 billion and adjusted EBITDA of more than $710 million for 2026. Free cash flow conversion was 68% during the first half, and Super Group ended the quarter with $548 million of cash, up 39% from a year earlier. The company returned $25 million to shareholders during the quarter and $218 million over the last 12 months. Management said it recognizes it has excess cash and is evaluating ways to deploy capital while preserving balance-sheet strength and flexibility. Van Wyk said priorities remain organic growth opportunities, dividends, buybacks and selective bolt-on acquisitions. Menashe said the company would remain disciplined on mergers and acquisitions and would not overpay. Super Group also announced a partnership making Betway the principal partner and exclusive global betting partner of Manchester United for the upcoming English Premier League season. Menashe said the arrangement fits the company’s long-term brand strategy, particularly in Africa, where football is its largest betting category. He said the partnership is included within the company’s marketing spending framework. Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices. The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Super Group (SGHC) Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Nathan Martine, general counsel of Super Group (SGHC) Limited (NYSE:SGHC), sold 3,997 shares of common stock on July 31, according to an SEC Form 4 filing. Transaction value based on SEC Form 4 weighted average sale price ($13.97); post-transaction value based on July 31, 2026 market close ($14.00). What was the technical driver of this transaction?The disposal was a non-discretionary event linked to the partial vesting of 8,817 restricted stock units (RSUs) granted in January 2025. The sale of 3,997 shares was required to meet tax withholding obligations and does not reflect a change in Martine’s discretionary outlook on the company's valuation. What is the insider's remaining equity exposure in the company?After the sale, Martine holds a direct position of 34,992 shares of common stock. Additionally, he maintains 17,636 remaining restricted stock units that are scheduled to vest in equal installments in 2027 and 2028, ensuring continued alignment with long-term performance. How does the transaction price compare to recent market performance?The shares were disposed of at $13.97 per share, while the stock had generated a 30% return over the 12 months preceding the July 31, transaction. As of the August 3 market close, the stock was priced at $13.69. Super Group operates a diversified online gaming platform featuring Betway, a comprehensive sports betting and casino offering, and Spin, a multi-brand online casino portfolio, generating revenue across multiple jurisdictions and customer segments. The company generates revenue through wagering commissions, casino gaming margins, and ancillary services, leveraging its digital-first platform to minimize capital intensity while maintaining operational control across its brands. Super Group serves a global customer base spanning Africa, the Middle East, Asia-Pacific, Europe, North America, and South/Latin America, targeting both recreational and active sports bettors and casino players across diverse regulatory environments. Super Group (SGHC) Limited is a globally diversified online sports betting and gaming operator with a market capitalization of $7.0 billion and TTM revenue of $2.4 billion. The company maintains a lean operational footprint while generating substantial profitability, with TTM net income of $245.1 million, reflecting the scalability of its digital platform. Super Group's competitive positioning is anchored by its established brand portfolio, geographic diversification across six major regions, and demonstrated ability to operate profitably across varied regulatory frameworks. This is one of at least four Super Group executives whose January 2025 grant partially vested on the same late-July day, with a chunk of each sold to cover the resulting tax. That timing across the whole leadership team is the signature of a scheduled vesting date, nothing more, and Martine kept the rest, holding just under 35,000 shares plus more units that vest in 2027 and 2028.The backdrop is a company firing on strong numbers, which makes the sale easy to read as routine. Super Group grew second-quarter revenue 18% to a record $684 million, lifted adjusted EBITDA 30% to $204 million, and raised its full-year revenue target above $2.6 billion, all while landing Manchester United as its global betting partner. The stock slipped 6% on Wednesday despite the beat, but shares are still up nearly 22% over the past year. Ultimately, the more interesting question for long-term holders is what happens after the World Cup bump and the Manchester United deal stop being new, since that is what the next few quarters will actually test. Before you buy stock in Super Group (SGHC), consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Super Group (SGHC) wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $396,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,300,820!* Now, it’s worth noting Stock Advisor’s total average return is 939% — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 5, 2026. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Here's How to Read Super Group Insider Moves as Shares Slipped 6% After Earnings was originally published by The Motley Fool

This article first appeared on GuruFocus. Revenue: Record total revenue of $684 million, up 18% year-over-year. Adjusted EBITDA: Grew 30% to $204 million, with margins expanding to 60% from 27% in the prior year period. Average Monthly Active Customers: Reached 6.2 million, up 13% year-over-year. Wagering Activity: Total wagering increased 8% for sports and 15% for casino. Cash Position: Closed the quarter with $548 million in cash, up 39% year-over-year. Shareholder Returns: Returned $25 million to shareholders in the quarter and $218 million over the last 12 months. Africa Revenue: Grew 36% year-over-year, with adjusted EBITDA increasing 47% to $133 million. International Revenue (ex-US): Grew 12% year-over-year, with adjusted EBITDA holding steady at $84 million. Europe Revenue: Grew 22%, led by a 34% increase in the UK. North America (ex-US) Revenue: Grew 9%, with Canada ex-Ontario delivering 11% revenue growth. Rest of World Revenue: Increased 6%, led by New Zealand, which grew 14% year-over-year. Sports Margin: Hit a record 17% for the quarter. Full-Year 2026 Guidance: Raised to total revenue of more than $2.6 billion and adjusted EBITDA greater than $710 million. Warning! GuruFocus has detected 6 Warning Signs with SGHC. Is SGHC fairly valued? Test your thesis with our free DCF calculator. Release Date: August 05, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record Q2 2026 performance with revenue of $684 million, up 18% year-over-year, and adjusted EBITDA of $204 million, up 30% year-over-year. Landmark partnership with Manchester United as principal partner and exclusive global betting partner, enhancing brand profile across a massive worldwide fan base. Exceptional customer acquisition during the FIFA World Cup, with new customer acquisitions increasing more than threefold compared to the prior World Cup period. Record sports margin of 17% for the quarter, reflecting improved pricing, risk management, and growth of Parlays. Strong growth in Africa with revenue up 36% year-over-year and adjusted EBITDA up 47% to $133 million, driven by broad-based growth across the region. Raised full-year 2026 guidance to revenue of more than $2.6 billion and adjusted EBITDA of greater than $710 million due to strong first-half performance and solid start to Q3. Average monthly active customers (MAUs) declined sequentially, impacted by seasonality and tax effects in two smaller African markets. Marketing spend was down around 1% year-over-year, with expectations to increase back to 21%-22% of revenue in the second half, potentially impacting near-term profitability. International adjusted EBITDA held steady at $84 million, with growth offset by the UK tax increase and short-term costs of strategic generosity key campaigns. SG&A costs increased sequentially to about $100 million, driven by one-time audit costs, additional tech and infrastructure expenses, and headcount from acquired businesses. The World Cup time zones were not ideal for a large portion of the customer base, limiting the potential engagement and betting volume compared to other events. Alberta's regulated market launch requires a phased rollout approach, which may create short-term uncertainty and costs as the company navigates the transition. Q: Given the strong engagement during the World Cup, can you explain the sequential decline in Monthly Active Users (MAUs) and the decision to keep marketing spend down year-over-year? A: Neal Menashe (CEO) explained that the MAU decline is not a concern and reflects normal seasonality, as the World Cup only accounted for two weeks of the quarter and was preceded by a quiet period. He noted that tax effects in two smaller African markets impacted lower-value customer accounts, but revenue still grew sequentially. Alinda Van Wyk (CFO) added that marketing was down ~1% due to seasonality and unfavorable World Cup time zones for their customer base, with expectations for marketing to return to the guided 21%-22% of revenue in the second half. Q: Can you provide more detail on the strategy and product evolution in Nigeria, and how you plan to compete with the top two operators who have a strong retail presence? A: Neal Menashe (CEO) stated that Nigeria is a large opportunity with a growing TAM. The company is improving technology, product, and team strength, and has signed Don Jazzy as an ambassador to drive acquisition and brand recognition. He emphasized that Nigeria is still small relative to other African markets, but the numbers are trending in the right direction as they optimize data and diversify marketing channels. Q: How should we think about the back-half cadence between Q3 and Q4, especially considering the adverse sports results in Q4 2025? A: Alinda Van Wyk (CFO) stated that guidance remains conservative due to the unpredictable nature of sports results. She expects marketing to return to 21%-22% of revenue and noted high confidence in the business, with the guidance embedding organic growth, no aggressive persistency assumptions, and the impact of UK and Alberta taxes from July onwards. Q: Can you unpack the record 17% sports margin and the 21% World Cup gross margin, and how much is structural versus outcome-driven? A: Neal Menashe (CEO) attributed the margin expansion to structural improvements in pricing, risk management, and the growth of Parlays, as well as the larger scale of the Africa business. He guided that investors should expect combined sports margins of 13%-14% for International and Africa, noting the team's improved execution. Q: What is the underlying guidance for Alberta, and how is the transition to the regulated market progressing? A: Neal Menashe (CEO) explained that all brands must comply with local regulations by mid-October. The company is taking a phased brand rollout approach, unlike the "big bang" in Ontario, focusing on user experience and retaining high-value customer cohorts. He expects a more rational competitive environment in Alberta compared to Ontario and confirmed the transition is on track. Q: Can you provide an update on the synergies and cost optimizations from the Apricot integration and cross-pollination of products between Africa and International? A: Neal Menashe (CEO) highlighted that all call centers are now under one roof on a single tech stack, including risk, creating massive opportunities. He pointed to the record EBITDA margin of ~30% as evidence of operating, product, and marketing efficiencies coming together, with the company now working as "one Super Group." Q: How are you thinking about capital allocation given the excess cash on the balance sheet, and is there a change in approach? A: Alinda Van Wyk (CFO) stated that the company is actively working with the Board and recognizes it has excess cash, but there is no change in approach. Discipline comes first, with a focus on organic growth, dividends, buybacks, and disciplined M&A for bolt-on opportunities. Neal Menashe (CEO) added that the company has minimal debt and wants to maintain flexibility, and expects better M&A pricing in the market over the coming months. Q: How does the 53% casino cross-sell rate for the World Cup cohort compare to the 2022 cohort, and what are your expectations for engagement? A: Neal Menashe (CEO) revealed that the cross-sell rate for the 2022 World Cup was 23%, making the 53% rate a significant achievement. He attributed this to a focused effort to keep customers in the ecosystem, especially given unfavorable time zones, and expressed excitement for the upcoming football season as a bigger driver of engagement. Q: What is the medium-term trajectory for EBITDA margins, and should we expect Q2's ~30% margin to be sustainable? A: Alinda Van Wyk (CFO) stated that operating leverage is the primary driver of margin expansion, with revenue growing faster than the cost base. She expects efficiency gains across trading, marketing, processing, and technology to continue. Neal Menashe (CEO) added that the company is targeting getting closer to 30% in 2027, emphasizing the importance of acquiring the right customers and cross-pollination between international and Africa. Q: Can you provide an update on the launch of new African markets, such as Namibia and Angola, and the timeline for expansion? A: Neal Menashe (CEO) confirmed Namibia is on track for a Q4 launch, leveraging brand recognition from neighboring Botswana and South Africa. He noted the company aims to launch one to three countries per year, but only if the financials make sense. Alinda Van Wyk (CFO) added that launches in Africa are low-cost and efficient due to the strong brand resonance, unlike international market entries. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Neal Menashe, the CEO of Super Group (SGHC) Limited (NYSE:SGHC), sold 48,440 shares of common stock on July 31, 2026, according to a recent SEC Form 4 filing. Transaction value based on SEC Form 4 weighted average sale price ($13.97); post-transaction value based on July 31, 2026, market close ($14.00). What were the mechanical drivers behind this disposition?The transaction was non-discretionary and performed to satisfy tax liabilities associated with the partial vesting of restricted stock units (RSUs). Following an amendment to the Super Group global long-term incentive plan, roughly 103,000 RSUs settled into common stock on July 31, with a portion of those shares sold immediately to meet withholding requirements. This activity does not reflect the insider's discretionary view on the stock's valuation. What equity exposure does the Chief Executive Officer retain following this transaction?Menashe continues to hold 730,733 shares directly, representing a 0.14% ownership stake in the $7.0 billion company. He also holds 206,000 derivative securities, according to the filing, including remaining restricted stock unit tranches that are scheduled to vest in two annual installments through March 2028. How has the stock performed relative to this transaction price?Shares were priced at $13.97 for this execution, which occurred as the stock maintained a 30% one-year gain as of the July 31 transaction date. As of the August 3 market close, the stock was priced at $13.69, slightly below the weighted average price of the reported sale. Super Group operates a diversified online gaming platform featuring Betway, a comprehensive sports betting and casino offering, and Spin, a multi-brand online casino portfolio, generating revenue across multiple jurisdictions and customer segments. The company generates revenue through wagering commissions, casino gaming margins, and ancillary services, leveraging its digital-first platform to minimize capital intensity while maintaining operational control across its brands. Super Group serves a global customer base spanning Africa, the Middle East, Asia-Pacific, Europe, North America, and South/Latin America, targeting both recreational and active sports bettors and casino players across diverse regulatory environments. Super Group (SGHC) Limited is a globally diversified online sports betting and gaming operator with a market capitalization of $7.0 billion and TTM revenue of $2.4 billion. Super Group's competitive positioning is anchored by its established brand portfolio, geographic diversification across six major regions, and demonstrated ability to operate profitably across varied regulatory frameworks. The timing is the most telling thing here. These shares vested and were partly sold for taxes on July 31, just days before Super Group reports earnings on Wednesday, so right at the edge of the window that typically closes ahead of results, which points to a routine, calendar-driven settlement rather than any read on the stock. That’s what happened here: According to the filing’s footnote, an amendment to the company's incentive plan settled roughly 103,000 units, with a slice sold to cover withholding, and Menashe still holds more than 730,000 shares, so his stake is barely touched.The last quarter on record, meanwhile, was a strong one. Super Group grew first-quarter revenue 18% to a record $612 million, lifted adjusted EBITDA 36% to $152 million at a 25% margin, and now targets full-year revenue above $2.55 billion. Its African business was the engine, contributing 44% of net revenue and growing fast. Management reaffirmed guidance that reflects "organic growth and World Cup uplift." For long-term investors, the African concentration is an important thread to watch. It's driving the growth, but it also means a single region increasingly steers the whole company, and the report this week is the next read on how that momentum held. Before you buy stock in Super Group (SGHC), consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Super Group (SGHC) wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $395,463!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,268,290!* Now, it’s worth noting Stock Advisor’s total average return is 927% — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 4, 2026. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. A Super Group Insider Filing Landed Right Before Earnings. Here's How to Read It was originally published by The Motley Fool

Revenue of $684 million for the second quarter of 2026 Profit for the period of $123 million for the second quarter of 2026 Non-GAAP Adjusted EBITDA of $204 million for the second quarter of 2026 Cash and cash equivalents of $548 million as at June 30, 2026 Raising FY2026 guidance: Total Revenue >$2.6 billion and Adjusted EBITDA >$710 million NEW YORK, August 04, 2026--(BUSINESS WIRE)--Super Group (SGHC) Limited (NYSE: SGHC) ("SGHC", the "Company" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced its second quarter 2026 unaudited consolidated financial results. Neal Menashe, Chief Executive Officer of Super Group, commented: "The second quarter generated record performance across Super Group, marking all-time highs in Revenue, Adjusted EBITDA, deposits and wagering. While we maximized the commercial boost from the FIFA World Cup, these results once again demonstrate the core strength of our casino-led, diversified business model, disciplined execution, and highly durable customer base. In tandem with this momentum, we secured Betway's landmark partnership with Manchester United, further strengthening our global presence and growth ambitions. As we continue to invest in our brands, products, and technology, we remain confident in our ability to compound value for our shareholders." Alinda van Wyk, Chief Financial Officer of Super Group, stated: "The quality of our business continues to be demonstrated in our financial performance, as we delivered another quarter of record revenue, profitability and cash generation. Revenue reached $684 million, an increase of 18% compared to the same period last year. Adjusted EBITDA increased 30% to $204 million with margin expanding to 30%. We ended the quarter with $548 million in cash, even after returning $25 million to shareholders during the quarter. Reflecting our confidence in the business, we are raising our full-year 2026 guidance to be greater than $2.6 billion of Total Revenue and more than $710 million of Adjusted EBITDA. This underscores our strong operational performance, disciplined market expansion, and the inherent leverage of our platform." Financial Highlights: Revenue for the Group increased by 18% to $684 million for the second quarter of 2026 from $579 million in the same period of the prior year, driven by growth from Africa, Europe and Rest of World. Profit for the period was $123 million for the second quarter of 2026. In comparison, loss for the period for the second quarter of 2025 was $3 million and included a non-cash charge of $63.9 million related to the impairment of Digital Gaming Corporation Limited ("DGC") iGaming related assets and $22.6 million relating to onerous contracts. Adjusted EBITDA, a non-GAAP financial measure, increased by 30% to $204 million for the second quarter of 2026 compared to $157 million in the second quarter of 2025. Monthly Active Customers increased by 13% to 6.2 million for the second quarter of 2026, compared to 5.5 million in the second quarter of 2025. Cash and cash equivalents were $548 million as of June 30, 2026 compared to $513 million at December 31, 2025. Guidance: Super Group is raising its full-year 2026 Total Revenue and Adjusted EBITDA guidance. Total Revenue is now expected to be greater than $2.6 billion, increasing from prior guidance of greater than $2.55 billion. Adjusted EBITDA is now expected to be greater than $710 million, increasing from prior guidance of greater than $680 million. Non-GAAP Financial Information This press release includes non-GAAP financial information not presented in accordance with the International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board. Adjusted EBITDA is a non-GAAP company-specific performance measures that Super Group ("the Group") uses to supplement the Company’s results presented in accordance with IFRS. EBITDA is defined as profit before depreciation, amortization, finance income, finance expense and income tax expense. Adjusted EBITDA is EBITDA adjusted for unrealized foreign exchange, RSU expense and other adjustments. Super Group believes that these non-GAAP measures are useful in evaluating the Group's operating performance as they provide additional perspective on the financial performance of the Group's core business, are similar to measures reported by the Company’s public competitors and are regularly used by securities analysts, institutional investors and other interested parties in analyzing operating performance and prospects. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by IFRS to be recorded in Super Group’s financial statements. In order to compensate for these limitations, management presents non-GAAP financial measures together with IFRS results. Non-GAAP measures should be considered in addition to results and guidance prepared in accordance with IFRS, but should not be considered a substitute for, or superior to, IFRS results. Reconciliation tables of the most comparable IFRS financial measure to the non-GAAP financial measures used in this press release, and supplemental materials are included below. Super Group urges investors to review the reconciliation and not to rely on any single financial measure to evaluate its business. In addition, other companies, including companies in our industry, may calculate similarly named non-GAAP measures differently than we do, which limits their usefulness in comparing our financial results with theirs. Forward-Looking Statements Certain statements made in this press release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, Super Group’s intention to pay a dividend, including the expected timing of such dividend, expectations and projections of market opportunity, growth and profitability. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "pipeline," "possible," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the ability to implement business plans, forecasts and other expectations, and identify and realize additional opportunities; (ii) changes in the competitive and regulated industries in which Super Group operates; (iii) variations in operating performance across competitors; (iv) changes in laws and regulations affecting Super Group’s business; (v) Super Group’s inability to meet or exceed its financial projections; (vi) changes in general economic conditions; (vii) changes in domestic and foreign business, market, financial, political and legal conditions, including abrupt or unexpected changes in interest rates or increases in inflation or inflationary expectations and reductions in discretionary consumer spending; (viii) the ability of Super Group’s customers to deposit funds in order to participate in Super Group’s gaming products; (ix) Super Group’s ability, and the ability of Super Group’s key executives, certain employees, significant shareholders or other applicable individuals, to comply with regulatory requirements or successfully obtain a license or permit required in a particular regulated jurisdiction, or maintain, renew or expand existing licenses; (x) the effectiveness of technological solutions Super Group has in place to block customers in certain jurisdictions, including jurisdictions where Super Group’s business is illegal, or which are sanctioned by countries in which Super Group operates from accessing its offerings; (xi) Super Group’s ability to restrict and manage betting limits at the individual customer level based on individual customer profiles and risk level to the enterprise; (xii) Super Group’s ability to protect or enforce its intellectual property rights, the confidentiality of its trade secrets and confidential information, or the costs involved in protecting or enforcing Super Group’s intellectual property rights and confidential information, and Super Group’s ability to obtain new licenses and maintain, renew or expand existing licenses to use the intellectual property of third parties; (xiii) compliance with applicable data protection and privacy laws in Super Group’s collection, storage and use, including sharing and international transfers, of personal data; (xiv) failures, errors, defects or disruptions in Super Group’s information technology and other systems and platforms; (xv) Super Group’s ability to develop new products, services, and solutions, bring them to market in a timely manner, and make enhancements to its platform; (xvi) Super Group’s ability to maintain and grow its market share, including its ability to enter new markets and acquire and retain paying customers; (xvii) the success, including win or hold rates, of existing and future online betting and gaming products; (xiii) competition within the broader entertainment industry; (xix) Super Group’s reliance on strategic relationships with land based casinos, sports teams, event planners, local licensing partners and advertisers; (xx) events or media coverage relating to, or the popularity of, online betting and gaming industry; (xxi) trading, liability management and pricing risk related to Super Group’s participation in the sports betting and gaming industry; (xxii) accessibility to the services of banks, credit card issuers and payment processing services providers due to the nature of Super Group’s business; (xxiii) the regulatory approvals related to proposed acquisitions and the integration of the acquired businesses; and (xxiv) other risks and uncertainties indicated from time to time for Super Group including those under the heading "Risk Factors" in our Annual Report on Form 20-F filed with the SEC on April 17, 2026, and in Super Group’s other filings with the SEC. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in other documents filed or that may be filed by Super Group from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Super Group assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Super Group does not give any assurance, representation or warranty that it will achieve its expectations in any specified time frame or at all. Webcast Details The Company will host a webcast at 7:00 a.m. ET tomorrow to discuss the second quarter 2026 financial results. Participants may access the live webcast and supplemental earnings presentation on the events & presentations page of the Super Group Investor Relations website at: https://investors.supergroup.com/events-and-presentations/default.aspx. About Super Group (SGHC) Limited Super Group (SGHC) Limited is the holding company for leading global online sports betting and gaming businesses: Betway, a premier online sports betting brand, and Spin, a multi-brand online casino offering. The group is licensed in multiple jurisdictions, with leading positions in key markets throughout Europe, North America and Africa. The group’s sports betting and online gaming offerings are underpinned by its scale and leading technology, enabling agile operation and execution in a diverse range of markets. Its proprietary marketing and data analytics engine empowers it to responsibly provide a unique and personalized customer experience. Super Group was placed at number 5 in the latest EGR Power 50 rankings. For more information, visit www.supergroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260804469738/en/ Contacts Investors: [email protected] Media: [email protected]

Super Group (SGHC) Limited (SGHC) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.76%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.17, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Super Group (SGHC), which belongs to the Zacks Gaming industry, posted revenues of $684 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.72%. This compares to year-ago revenues of $579 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Super Group (SGHC) shares have added about 14.6% since the beginning of the year versus the S&P 500's gain of 11%. While Super Group (SGHC) has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Super Group (SGHC) was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.22 on $640 million in revenues for the coming quarter and $0.80 on $2.56 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Gaming is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Century Casinos (CNTY), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 7. This casino operator is expected to post quarterly loss of $0.40 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Century Casinos' revenues are expected to be $152.1 million, up 0.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Super Group (SGHC) Limited (SGHC) : Free Stock Analysis Report Century Casinos, Inc. (CNTY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Super Group (SGHC) has turned a very large 3 year gain into the central question of whether the current share price still offers value, especially as recent valuation checks suggest the stock now looks roughly in line with where a neutral assessment might place it. Super Group (SGHC) has delivered a very large return over the last 3 years, which puts extra pressure on today’s price to be supported by the fundamentals rather than momentum alone. Expectations around betting activity linked to major football events can support optimism on future earnings, while recent insider selling may make some investors more cautious about how much upside is already reflected in the stock. With a value score of 4 out of 6, Super Group (SGHC) presents a mixed picture rather than a clear bargain or clear overvaluation on the broader checks. The issue now is whether Super Group (SGHC)'s current valuation leaves enough room for a reasonable return if expectations around growth and risk are already priced in. Super Group (SGHC) delivered 36.1% returns over the last year. See how this stacks up to the rest of the Hospitality industry. The P/E ratio is a useful yardstick here because Super Group (SGHC) is profitable and investors can anchor expectations to its reported earnings. Super Group trades on about 29.8x earnings, which is above the hospitality industry average of roughly 23.3x but below the peer group average of about 37.5x. That places the stock in the middle of the pack, suggesting investors are neither assigning a steep discount nor paying a clear premium versus comparable companies. The model based fair P/E ratio for Super Group comes out at about 28.3x, which is only slightly below the current multiple. Despite the recent optimism around events such as the World Cup and analyst commentary highlighting stronger customer activity, the share price is not far away from the P/E level suggested by this tailored benchmark. Taken together, Super Group appears roughly fairly valued on its earnings multiple, with the P/E sitting close to what the broader checks would imply. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Super Group (SGHC) build on this valuation puzzle by explaining which specific paths for Super Group (SGHC)'s growth, margins and earnings would need to occur for the stock to be worth materially more or less than it is today. These narratives appear on the Community page so you can see the different viewpoints side by side. Each one links its numbers to a clear view of how growth, profitability and risk could evolve, giving you something concrete to revisit as new information becomes available. If you have a number driven view on whether Super Group (SGHC)'s proposed US$1.49b buyback and recent World Cup related expectations are enough to support today's price, share a Narrative so others can see your case and how it plays out as new results arrive. Adding your perspective now helps shape the Simply Wall St community discussion around what really needs to go right for the stock from here. Do you think there's more to the story for Super Group (SGHC)? Head over to our Community to see what others are saying! For Super Group (SGHC), the current P/E based checks point to a stock that looks about right rather than clearly undervalued or overvalued. After a very strong 3 year run, the valuation now leans more on how reliably earnings can support the existing multiple than on any obvious discount. The crux for both optimistic and cautious investors is whether Super Group can sustain the profitability and risk profile that keeps its P/E near peers, or whether changing expectations on growth, regulation or betting volumes push that multiple meaningfully higher or lower from here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SGHC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in Super Group (SGHC) Limited? Here are five stocks we like better. Super Group posted a strong Q1 with revenue up 18% to $612 million and adjusted EBITDA up 36% to $152 million, while monthly active customers hit a record 6.4 million. Cash also rose to $422 million even after returning capital to shareholders. The company’s Africa segment led growth, with revenue up 33% and EBITDA up 21%, while the International segment rose 9% in revenue. Management highlighted gains in the U.K., Canada, Ontario and Nigeria as key growth drivers. Super Group reaffirmed full-year 2026 guidance for at least $2.55 billion in revenue and more than $680 million in adjusted EBITDA, saying Q2 trends remain positive. Executives also said the World Cup should boost engagement and cross-selling, while U.K. tax changes are being offset through cost discipline and operating leverage. 3 stocks that crushed earnings estimates and still tanked Super Group (SGHC) (NYSE:SGHC) reported a record start to 2026, with first-quarter revenue, customer activity, deposits and wagering all reaching new highs, executives said on the company’s earnings call. Chief Executive Officer Neal Menashe said the quarter reflected “the strength of our strategy, our brand, and our people,” while Chief Financial Officer Alinda van Wyk said the company’s results showed the benefit of disciplined cost management, controlled marketing spend and operating leverage. → Micron Investors Face a High-Stakes Moment After the Latest Rally For the first quarter, Super Group reported total revenue of $612 million, up 18% year over year. Adjusted EBITDA rose 36% to $152 million, with margin expanding to 25% from 22% in the prior-year period. Average monthly active customers reached a record 6.4 million, up 18% year over year, with March setting a new monthly high of 6.5 million customers. Total wagering increased 23% for sports and 20% for casino compared with last year, van Wyk said. The company ended the quarter with $422 million in cash, up 20% year over year, despite returning $152 million to shareholders, including a special dividend paid in February. Van Wyk also cited free cash flow conversion of 75% and noted that Super Group recently increased its minimum quarterly dividend target to $0.05 per share. → How Bad Could Tesla’s Cybertruck Recall Be for Shares? Super Group introduced a new reporting structure consisting of two segments: Africa and International. Menashe said Africa includes all revenue generated across the African continent, while International includes revenue outside Africa. He said the updated structure is intended to give shareholders more insight into the operating drivers and growth potential of each unit. Africa delivered revenue growth of 33% year over year in the quarter, while adjusted EBITDA rose 21% to $98 million. Sports wagers in the segment increased 33%, and casino wagers rose 36%. Menashe said Botswana continued to perform well and that he recently spent time with the company’s team in Nigeria, where he said actions underway should strengthen the growth profile as execution ramps up. → Reading the Stripes: Is The Industrial Recession Over? In response to an analyst question from Needham & Company’s Bernie McTernan, Menashe said Nigeria remains a priority because of its population size and improving currency conditions. “We have to, listen, double, triple our business out of there, at least try,” he said, adding that the company is working to get its product right in the market. The International segment posted revenue growth of 9%, with adjusted EBITDA up 26% to $73 million. European revenue grew 18% year over year, led by a 29% increase in the U.K. Menashe said the U.K. performance was driven by market share gains, record customer acquisition, product improvements and a successful Cheltenham Festival. Ireland revenue rose 13%, with local regulation expected in the second half of the year. In North America, excluding the U.S., revenue grew 15%. Canada excluding Ontario rose 16%, while Ontario achieved a post-regulation record for new customers. Alberta increased 22% year over year and remains on track for local regulation in July, Menashe said. Rest of World revenue increased 8%, with New Zealand up 6% after a decline in the prior quarter. Menashe described Super Group’s casino business as a “super reliable, steady, and constant engine,” saying it accounts for about 80% of company revenue through what he characterized as predictable and persistent annuity-like revenue streams. He said the company has been improving content discovery, personalization, gamification and incentive management to support retention and profitable customer behavior. On sports, Menashe said Super Group continues to strengthen trading and risk management ahead of the World Cup. The company implemented changes during the quarter to improve margin resilience through promotional mechanics, pricing and payout structures. He said those changes proved valuable in February, when sports results were particularly favorable for customers. Asked by BTIG analyst Clark Lampen whether stronger sports trading and pricing could produce higher margins in favorable months, Menashe said the company expects improved margins when favorites are not winning or are drawing. He said the trailing 24-month average sports margin is about 13.1%, with Africa higher and International lower. Several analysts asked about the upcoming World Cup, which executives framed as a significant engagement opportunity. StoneX analyst Michael Hickey noted data from the company showing that 40% of the countries where Super Group operates are participating in the tournament, representing nearly 88% of 2025 revenue. Menashe contrasted this year’s tournament with the 2022 World Cup, noting that the upcoming event will take place in June and July and include 104 matches, compared with 64 matches in 2022. He said the additional matches should increase engagement, though outcomes in early rounds could affect sportsbook margins depending on whether favorites win, draw or lose. Menashe said the company’s focus will be on sports engagement and cross-selling customers into casino. He said sports-to-casino cross-sell is typically in the range of 60% to 70%. Super Group reaffirmed its full-year 2026 guidance, calling for total revenue of at least $2.55 billion and adjusted EBITDA of more than $680 million. Van Wyk said the company is entering the rest of the year with confidence and that the second quarter is tracking positively, supported by growth opportunities and the World Cup calendar. Asked why the company did not raise guidance after a strong first quarter, Menashe said Super Group has not historically increased guidance this early in the year. “We were confident about those numbers when we told them to you in February,” he said. “Now, after Q1, we remain confident.” Responding to Craig-Hallum analyst Ryan Sigdahl, Menashe said the company had not seen any deceleration early in the second quarter. He reiterated that the business is heavily weighted toward casino, which he described as stable and consistent. Executives also addressed the impact of U.K. tax changes that took effect April 1. Van Wyk said the company had previously estimated a pre-mitigation impact of about 6% of 2025 EBITDA, or roughly $30 million, but said Super Group is using multiple levers to mitigate the impact, including operating leverage and marketing discipline. Menashe said Super Group closed the Apricot transaction at the end of February, giving the company ownership of the sportsbook intellectual property. He said development resources supporting the sportsbook are moving into Super Group, with more than 100 people expected to join its structures over time. He said the company expects cost savings over time, while emphasizing speed, flexibility and product improvement. Van Wyk said artificial intelligence is being used as a tool in areas including risk and fraud management, development, finance reconciliations, accounts and disclosures. She said AI is enhancing efficiency, but the company is working with its technology leadership to establish appropriate boundaries and maintain discipline. On M&A, van Wyk said Super Group does not need acquisitions to hit its plan, which is based on organic growth. She said the company remains selective and would consider bolt-on opportunities that improve the business, including technology, product or marketing efficiencies. Menashe added that the company is not willing to overpay for assets. Menashe also discussed ZAR Supercoin, saying the company began a beta rollout in South Africa and is focused on adding utility and addressing processing fees, which he described as one of the largest expenses after taxes in Africa. He said adoption will take time and that Super Group will consider other African markets after learning from the South African rollout. Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices. The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Super Group (SGHC) Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.