Super Group reported financial results for the fourth quarter and full year 2025, showing revenue growth and improved profitability after withdrawing from the United States market and concentrating on established international regions.
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Fourth quarter revenue totaled $578.3 million, contributing to a year that leadership described as operationally strong across core markets. Profit before tax reached $95.1 million in the quarter, even as some late sports results favored customers rather than the sportsbook. Full year profit before tax came in at $355.9 million.
CEO Neal Menashe linked performance directly to geographic prioritization and withdrawal from the United States. He said:
“Despite some unfavorable sports outcomes late in the quarter, Q4 was another record-breaking period for monthly active customers, wagers, and deposits. Importantly, we received the final regulatory approval for the Apricot transaction, paving the way to strengthen our ex-Africa sportsbook technology platform and position the business well for the years ahead.”
Adjusted EBITDA for 2025 climbed 57 percent to $560 million, producing a margin of about 25 percent. Fourth quarter adjusted EBITDA reached $139 million, rising from $126 million in the comparable 2024 period, even after a $2 million loss tied to the United States exit.
Customer activity continued to expand alongside financial performance. Super Group recorded 6.1 million monthly average customers in the quarter ending December 31, representing a 16 percent increase from the prior year. Average monthly customers for the full year rose 17 percent compared with 2024 levels.
Balance sheet strength remained another focus area. CFO Alinda van Wyk said:
“We continue to maintain a strong balance sheet, closing the year with $513 million in cash. This liquidity supported $156 million in shareholder returns in 2025, and an additional $125 million special dividend declared this January and paid in February.”
Capital strategy also included financing arrangements designed to maintain flexibility. Super Group entered into a $100 million senior multi currency revolving credit facility with Barclays Bank, JP Morgan Chase Bank, and Citibank. Interest under the agreement stands at 1.5 percent per year, with funds intended to support growth initiatives and general corporate purposes.
Dividend policy received an update as well. Management introduced a new annual dividend program targeting at least $0.20 per share in 2026, up from a previous $0.16 level. An initial dividend of $0.05 per share is scheduled for payment in March.
Regulatory approval tied to the Apricot transaction formed part of a broader technology investment strategy aimed at strengthening sportsbook platforms outside Africa, aligning infrastructure with long term international expansion plans.
Guidance for 2026 reflects expectations for continued growth. Super Group projected revenue above $2.55 billion and adjusted EBITDA greater than $680 million, signaling confidence in current market positioning.
Annual financial statements are scheduled for publication in April 2026.
Leadership chose to concentrate resources on regions where stronger competitive positioning and customer growth opportunities already existed.
Europe, Africa, APAC, and Canada produced the largest contribution to revenue and profitability.
Revenue increased 22 percent year over year, reaching $2.2 billion.
Guidance calls for more than $2.55 billion in revenue and adjusted EBITDA above $680 million.
A revolving credit facility with major global banks provides liquidity for expansion and operational needs.