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Half Year Trading Update

In brief · summary, not quotable

Winvia Entertainment PLC reported a strong first half for 2026, with adjusted EBITDA expected to reach approximately £17.2 million, an increase from £16.0 million in the prior year, driven by growth in prize draw competitions and online gaming. The company achieved a significant milestone with monthly recurring revenue from its BOTB subscribers now covering all prize costs, well ahead of schedule, and subscription revenues representing over 35% of monthly BOTB revenues. Active customers in prize draw competitions increased by 11%, and online gaming saw substantial growth in customer deposits. Post-period, the acquisition of Rev Comps was completed, and a B2B partnership with Aston Villa Football Club was launched, with further M&A and B2B discussions advancing. The Group remains on track to deliver full-year results in line with market expectations of £37.1 million adjusted EBITDA.

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Delivering growth through continued investment in the Prize Draw Competitions segment and strong performance in the Online Gaming segment

Winvia Entertainment (AIM: WVIA), a technology-led entertainment business, focused on prize draw and online gaming, today announces an update on trading for the six months ended 30 June 2026 (''HY26'').

The Group has delivered a performance in the period in line with its plans and expects to report adjusted EBITDA of approximately £17.2m, ahead of the same period last year (HY25: £16.0m). This pleasing result has been achieved against a background of increased investment in marketing for new BOTB subscribers which at the end of June has led to monthly recurring revenue covering all prize costs, a milestone achieved well ahead of schedule. With further growth set to be delivered across the business, the Group is on track to deliver full year results in line with market expectations1.

Prize Draw Competitions

The Group continued to deliver strong customer engagement during the six-month period, supported by ongoing investment in marketing and prizes to drive future growth and market share. This resulted in a record number of monthly paying users and record conversion levels, with active customers increasing by 11% compared with the prior period. Alongside this, the Group's subscription offering, BOTB Pass, has continued to perform above management expectations, with recurring subscription revenues now representing in excess of 35% of monthly BOTB revenues as of 30 June 2026.

Online Gaming

In the Online Gaming segment, the Group continues to deliver a positive performance across key performance metrics, underpinning a healthy financial performance in the first half of 2026. Customer deposits by value have increased significantly, driven by growth in the established own brand and white label units, alongside continued growth in the B2B stream.

Post period

The acquisition of Rev Comps has been completed and migrated onto the Group's proprietary technology platform.

The Group has partnered with Aston Villa Football Club to launch "Villa Win", which marked the Group's first B2B partnership in the Prize Draw Competitions segment.

Discussions with additional potential B2B partnerships are advancing and the Group continues to engage with multiple potential acquisition targets as part of its 'roll up' strategy in the highly fragmented UK Prize Draw market.

The Group expects to announce its interim results in the second half of September 2026.

Mihai Manoila, Chief Executive Officer, commented:

"The Group entered the period with significant momentum from the prior year and has delivered a strong performance in H1. Notably, the exceptional growth of our subscription product has significantly reshaped the prize draw segment, increasing subscriber numbers and creating long-term recurring revenue.

The increased investment in marketing and prizes in the existing brands, and the migration of both Click Competitions and Rev Comps onto the proprietary technology platform, will drive future growth and allow the Group to realise operational synergies through our in-house capabilities.

Momentum has continued into the second half, supported by the completion of the Rev Comps acquisition and our B2B partnership with Aston Villa Football Club. Alongside this, we continue to engage with a number of potential M&A targets and B2B partnerships in the Prize Draw Competitions segment. We are well positioned to maintain this momentum through the second half and remain firmly on track to deliver full year expectations".

1 The Group believes that the market expectation for the year ending 31 December 2026 is Adjusted EBITDA of £37.1 million.

All figures, including percentage movements, are subject to rounding.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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