(AsiaGameHub) –   Gaming Innovation Group (GiG) has retained its full-year guidance despite a stagnant start to 2026 trading.

The Q1 financial results of the Stockholm-listed iGaming technology group reported revenue at €9 million, a minor decrease from €9.1 million in Q1 2025. GiG’s leadership emphasized that the company is still in a phase of operational adjustments, implementing cost-saving measures to enhance earnings outcomes through steps designed to “build foundations for growth later in the year”.

Operational and commercial adjustments led adjusted EBITDA to drop to €200,000 from the €400,000 recorded in Q1 2025. During this transition period, GiG continues to operate with a lower EBITDA margin of 2%, compared to 4% in the prior year.

While rolling out initiatives under its strategic transformation program—expected to generate €4.5 million in annualized savings—GiG’s Q1 accounts detailed a post-tax net loss of €5.2 million.

The action plan was backed by CEO Richard Carter, who said: “We took decisive and necessary steps to optimise our operations and these measures, including headcount reduction, and adoption of AI.”

He added: “Combined, this will deliver underlying cash flow generation whilst also enabling long term, sustainable profit growth as revenue growth accelerates from the second half of this year.”

The company also continues its migration strategy away from its legacy Alira platform toward its proprietary CoreX technology stack. GiG expects this transition to yield further operational savings while improving performance capabilities for its clients.

Commercially, Q1 achieved several strategic milestones. In February, GiG announced a platform and sportsbook migration agreement with Jupiter Gaming, expanding its footprint in the UK market at a time when regulatory changes are reshaping operator economics.

Leadership remains focused on FY2026 revenue targets of €44 million to €48 million and adjusted EBITDA of €10 million to €13 million, implying EBITDA margins exceeding 20%.

Management further noted that recent increases in the UK Remote Gaming Duty could create opportunities for operators with stronger balance sheets and differentiated offerings.

The company also secured three post-period commercial agreements, including a partnership with LuckyDays to enter Alberta’s regulated online gambling market ahead of its anticipated July launch.

Moving forward, GiG highlighted a strengthened commercial pipeline: it has launched four new brands year-to-date and expects between 12 and 14 launches across 2026. Approximately 90% of expected annual revenue is already supported by commercial agreements, giving management confidence to reaffirm its guidance.

CEO Carter concluded: “Combined, this will deliver underlying cash flow generation whilst also enabling long term, sustainable profit growth as revenue growth accelerates from the second half of this year.”