17th September 2025

Sportech Ltd

(“Sportech” or the “Group” or the “Company”)

Interim Results

Sportech, a US-focused entertainment and betting business, is pleased to present its interim results for the seven months ended 31 July 2025 (“2025 YTD” or the “period”).  The following statement highlights key financial metrics compared to the prior year on both a constant currency and restated reported currency basis for the period.

Summary

The Company recorded revenue of £12.5 million during the 2025 period, 3.1% below the comparable 2024 period. Gross profit of £6.9 million, was down £0.2m from £7.1 million, maintaining a robust 55% gross profit margin. Contribution remained relatively stable at £6.7 million (2024: £6.9m), demonstrating operational resilience.

A key highlight is the significant improvement in Adjusted EBITDA, which rose to £0.9 million from £0.7 million in 2024 YTD (constant currency), driven by operational efficiencies, growth in sports betting commissions in Connecticut, and reduced corporate costs. The Adjusted Loss Before Tax narrowed to £0.4 million from £0.6 million, reflecting better cost management and operational performance. No shareholder distributions were made in 2025 YTD, compared to £3.4 million in the prior year, following the sale and leaseback of certain property assets.

Sportech continues to prioritize delivering shareholder value through its focus on expanded gaming in the US and specifically enhancing digital wagering opportunities, with a leaner cost structure. The Board remains confident in achieving full-year forecasts and driving sustainable growth.

1. Contribution is defined as gross profit, less marketing and distribution costs.
2. Adjusted EBITDA is earnings from continuing operations before interest, taxation, depreciation and amortisation, share option charges, impairments and separately disclosed items.
3. Adjusted loss is the aggregate of Adjusted EBITDA, share option charges, depreciation, amortisation (excluding amortisation of acquired intangibles) and certain finance charges.

As the Group moves through the rest of the financial year, the corporate focus remains on delivering positive shareholder returns, operationally executing the delivery of enhanced digital platforms to key locations and escalating the Group’s digital wagering opportunities across the US and internationally.

The business transformation continues with the following objectives:

• Utilise corporate and team reputation to deliver further partnership opportunities
• Rebrand retail hubs and expand digital platform capabilities
• Execute market expansion into high growth opportunities beyond Connecticut
• Evaluate and execute material corporate opportunities, delivering tangible investor returns.

For further information, please contact:

Sportech Ltd

[email protected]

Richard McGuire, Executive Chairman

Operational Review: Sportech Venues

Sportech Venues, the cornerstone of Sportech Ltd.’s operations, manages nine premier gaming venues in Connecticut, operating under an exclusive, perpetual licence for retail, online, and telephone betting on horse racing, greyhound racing, and jai alai. Since 2021, the Group has expanded its offerings to include sports betting, enabled through a strategic partnership with the Connecticut Lottery Corporation (CLC) and their sports betting provider, Fanatics Sportsbook. This diversification has strengthened our position in the rapidly growing U.S. wagering market.

Performance Overview

The seven months ended 30 July 2025 (“2025 YTD”) presented initial challenges, particularly in February, when severe weather significantly reduced customer footfall and limited wagering events. As a result, food and beverage (F&B) and pari-mutuel wagering revenues fell markedly compared to the prior year.  However, the business has demonstrated significant resilience since March, delivering above-forecast revenues in the core summer months, bolstered by a strong pari-mutuel performance. During the U.S. Triple Crown season, starting in May, Sportech handled $10.76 million in wagers in Connecticut. By the end of July 2025, total wagering handle across our nine Off-Track Betting (OTB) locations and the MyWinners.com digital platform reached an impressive $52.49 million.

Sports betting continues to be a key growth driver. Revenue from sports betting commissions grew by 17.6% during the period, reflecting growing demand and our successful collaboration with CLC and Fanatics Sportsbook. Sportech earns a share of net gross gaming revenue (GGR) and provides additional services to Fanatics’ online sportsbook for a fee. The sports betting handle across our nine venues totalled $46 million, underscoring the strong adoption of our expanded product suite.

The average monthly betting handle across our nine OTB venues was $12.2 million, comprising $5.6 million from pari-mutuel betting and $6.6 million from sports betting. This balanced contribution highlights the complementary nature of our traditional and emerging wagering channels.

Sportech Ltd: Strategic Transformation Update for 2025

Sportech Ltd is undergoing a transformative phase in 2025, focusing on reinvestment to drive growth and establish the company as a leading entertainment-tech platform in the U.S. wagering market. Strategic initiatives prioritize enhanced customer experiences, operational efficiency, and digital innovation.

Key Strategic Initiatives

• Enhancing Customer Experience: Increased capital expenditure (capex) across the retail estate aims to deliver a superior betting and entertainment environment. The “Home of Live” theme underpins efforts to create vibrant, immersive venues, serving as a catalyst for differentiating the digital channel, MyWinners.com, and capturing rising demand in the U.S. wagering market.
• Relocation to Innovation Hub: In July 2025, Sportech Ltd relocated its corporate headquarters to a state-of-the-art Innovation Hub in Hamden, Connecticut. This move reflects a commitment to fostering innovation, attracting top talent, and aligning operations with a tech-driven vision for the future.
• Optimizing Retail Footprint: In October 2025, Sportech Ltd will exit a high-cost, outdated retail location and open a modern betting venue. This new facility will elevate the customer experience while achieving annual cost savings of approximately $450,000, reinforcing operational efficiency.

Strategic Growth and Market Positioning

The U.S. wagering market continues to expand rapidly, with industry forecasts projecting $30 billion in wagers on the NFL this season and $3.1 billion on the NCAA basketball tournament (March Madness). Against this backdrop, Sportech is strategically evolving from a niche, single-state retail operator into a dynamic entertainment-tech and affiliate platform. While merger and acquisition activity remain active in the U.S. gaming sector, Sportech’s robust legacy, exclusive Connecticut licence, and growing sports betting footprint position us uniquely for growth.

The Group’s ongoing transformation is driven by the recruitment of top-tier talent to identify and execute high-impact opportunities. The company is focused on advancing its digital wagering capabilities, strengthening strategic partnerships, and pursuing new licensing opportunities. By leveraging operational expertise, global reach, and cutting-edge technology, Sportech Ltd aims to deliver superior entertainment experiences and generate sustainable, long-term value for shareholders.

Outlook

Sportech Venues is well-positioned to capitalize on the growing U.S. consumer demand for wagering. Our focus remains on optimizing our Connecticut operations, expanding our sports betting offerings, and enhancing our digital platform, MyWinners.com.  We are confident that these efforts, combined with our strategic partnerships and operational efficiencies, will continue to drive growth and strengthen our reputation as a leader in the entertainment-tech space.

Sportech Venues

Interim consolidated income statement
For the seven months ended 31 July 2025

Interim consolidated balance sheet

As at 31 July 2025

 Interim consolidated statement of cash flows
For the seven months ended 31 July 2025

4th September 2025

Sportech Ltd

(‘Sportech’ or the ‘Group’)

Directorate Change

Sportech Ltd, a US-focused entertainment and betting business, announces that Clive Whiley has decided to resign from his role as a Non-Executive Director.

Clive joined the Sportech Board in April 2022 during a transformative period for the company. His strategic insight has been pivotal in guiding Sportech through significant milestones, including its delisting from the AIM market and the successful return of substantial capital to shareholders. Clive’s decision to resign reflects the increasing demand for his expertise in the UK, as Sportech continues to focus exclusively on its US operations.

Richard McGuire, Executive Chairman of Sportech, stated: ” On behalf of the Board and our shareholders, I extend heartfelt gratitude to Clive for his outstanding contributions over the years. His expertise has been instrumental in shaping Group strategy and strengthening the business foundation during a critical phase. We wish him every success in his future endeavours.”

Clive Whiley, remarked: “For more than three years with Sportech, I have been part of a profound shift, returning significant capital to investors and driving numerous strategic successful partnerships. As I turn my attention to fresh opportunities in the UK, I am confident in the company’s future path and anticipate ongoing developments.”

Sportech Ltd remains committed delivering increased value to its stakeholders in the dynamic US entertainment and betting market.

For further information, please contact:

Richard McGuire, Executive Chairman, Sportech Ltd

Email: [email protected]

www.sporetchplc.com   or   www.jpjenkins.com/company/sportech

21st August 2025

Sportech Ltd

(‘Sportech’ or the ‘Group’)

Directorate Change

Sportech Ltd, a US-focused entertainment and betting business, announces that Paul Humphreys has decided to resign from his role as a Non-Executive Director, with his resignation taking effect from 31 August 2025.

Paul Humphreys joined the board in September 2022 and has played a pivotal role in shaping the company’s strategic direction, notably overseeing the delisting from the London Stock Exchange and supporting the subsequent restructuring to align with the operational needs of its exclusively US-based operations. His decision to step down comes at the end of his agreed initial three-year term and stems from a desire to pursue new opportunities, and the departure has been reluctantly accepted by the board.

Richard McGuire, Executive Chairman of Sportech, said: “On behalf of the board and our shareholders, I extend our heartfelt gratitude to Paul for his invaluable contributions to the development of our group strategy over the past three years. His professionalism during a transformative period has strengthened our foundation, and we wish him every success in his future endeavours.”

Paul Humphreys commented: “Since joining Sportech three years ago, I have witnessed and contributed to a significant transformation, establishing a robust platform for future growth. As I shift my focus to potential new opportunities, I am confident in the company’s trajectory and look forward to observing its continued success.”

For further information, please contact:

Richard McGuire, Executive Chairman, Sportech Plc

Email: [email protected]

www.sporetchplc.com   or   www.jpjenkins.com/company/sportech

(‘Sportech’ or the ‘Group’)

FY 2024 Annual Report Results

Sportech, an international betting and hospitality business is pleased to release its Annual Report and Accounts for thefinancial year ended 31 December 2024 (‘FY 2024’). These can be located on the Sportech website and on JP Jenkins website:

www.sportechplc.com/investors/results/    www.jpjenkins.com/company/Sportech/

FY ’24 Financial Overview

Adjusted EBITDA includes exceptional items

Excludes customer balances, note £3.4m returned to shareholders in FY’24

Performance Overview

The revenue decline in 2024 was primarily driven by a lower Pari-Mutuel (Tote) betting handle, as competition for discretionary wagering dollars intensified with the continued expansion of Sports Betting, iCasino gaming, and the launch of online lotteries in Connecticut. Additionally, Food and Beverage sales at three locations noted a slight dip, while adverse weather conditions in the early and late parts of the financial year impacted both the quality of available betting products available and customer footfall at physical venues.

Despite these challenges, Sportech was successful in largely mitigating the impact through  growth in Sports Betting net commission, growth in other diversified income streams and aggressively managed costs, resulting in only a modest reduction in reported EBITDA.

Sportech continues to establish new business partnerships, building on its solid foundation, seeking to deliver future shareholder returns.

Sportech remains committed to maximizing shareholder value, fostering growth in the US gaming sector, and leveraging its exclusive licenses to drive innovation and customer engagement.

Potential Assets sale

During 2024, the an independent party approached the Company, expressing interest in acquiring significant Group assets. Despite significant work by both parties, these negotiations have now ended without a binding offer being presented.

Corporate Initiatives

Sportech’s strategic initiatives included a successful transition to Fanatics Sportsbook across all locations as its sports betting provider under an agreement with the Connecticut Lottery Corporation (CLC). The Group also entered new commercial arrangements with leading U.S. betting operators, strengthening its market position. The company also completed the sale and leaseback of its Windsor Locks, CT property, contributing to a £3.4 million capital distribution to shareholders, bringing total returns to shareholders of £124.6 million, since 2017.

Financial Position The Groups cash position remains stable at approximately £3.6m at 31 December 2024 (c. 37 pence per share). The Group will continue to balance investment opportunities and capital returns where possible and remains focused on creating tangible increased value for shareholders in 2025.

About Sportech:

Sportech is an international betting and hospitality business, known for its innovative solutions in the sports betting industry. With a strong presence across multiple locations, Sportech is committed to providing exceptional service and cutting-edge technology to its retail customers.

Chairman comments

“We are proud of our resilience in navigating competitive and environmental challenges while delivering value to shareholders and enhancing our offerings for customers,” said Chairman Richard McGuire “Our focus on operational efficiency, strategic partnerships, and innovative betting platforms positions us for sustained success in 2025.”

For More Information:   www.sportechplc.com  or [email protected]

Note: This press release is for informational purposes and may include forward-looking statements that involverisks and uncertainties.   

04 July 2024

Sportech Ltd

(‘Sportech’ or the ‘Group’)

FY 2023 Annual Report Results

Sportech, an international betting and hospitality business is pleased to release its Annual Report and Accounts for the financial year ended 31 December 2023 (‘FY 2023’). These can be located on the Sportech website and on JP Jenkins Sportech site: www.sportechplc.com/investors/results/ www.jpjenkins.com/company/Sportech/

Performance Overview

Despite inflationary challenges, Sportech delivered a healthy performance in 2023, producing strong operational results in line with management expectations Gross Betting handle recorded in the Groups Connecticut Venues business was stable at US$201.5 million with 50.6% of this handle from the recently introduced Sports Betting agreement and the balance from the Groups long term core Tote retail betting. The average annual betting handle per retail location remains an impressive c $20 million. Sportech continues to establish new business partnerships, building on its solid foundation, ensuring a stable and prosperous future for shareholders and stakeholders.

FY ’23 Financial Overview

Revenue                      £26.5m          (2022 £26.3m (restated))

Gross Profit                £14.1m          (2022 £14.2m (restated))

Adjusted EBITDA1     £1.6m            (2022 £ 1.6m )

Loss before Tax         £(0.8)m         (2022 £(0.9)m)

Cash2                          £3.8m             (2022 £ 7.4m )

1 Adjusted EBITDA includes exceptional items
2 Excludes customer balances, note £3.9m returned to shareholders in FY’23
Figures combine continuing and discontinued operations

Potential Assets Sale

Following the financial year, an independent party approached the Company, expressing interest in acquiring certain significant Group assets. While no binding offer has yet been agreed, any potential offer is expected to include a mix of immediate cash and deferred, non-contingent payments. The negotiations have progressed significantly, although shareholders should note there is no certainty that a binding offer will be presented, nor agreed. Shareholders will be promptly updated as developments unfold regarding this prospective transaction

Corporate Initiatives

Numerous corporate initiatives were evaluated and executed during the year including a share consolidation providing liquidity to smaller investors and a return of capital to shareholders. In aggregate a £3.9 million was returned to shareholders in 2023, taking the total returned to £46.4 million since 2021. In 2023, Sportech executed several key corporate initiatives, including a delisting from AIM; a share consolidation aimed at providing liquidity to smaller investors and a capital return to shareholders. £3.9 million of capital was returned to shareholders in 2023, bringing the total returned since 2021 to £46.4 million. These actions are anticipated to significantly reduce Group operating costs moving forward.

Financial Position

The Groups net cash position remains strong at approximately £3.8m at 31 December 2023 (c. 39 pence per share). The Group anticipates returning further capital to shareholders in 2024 and will update shareholders at earliest opportunity.

About Sportech: Sportech is an international betting and hospitality business, known for its innovative solutions in the sports betting industry. With a strong presence across multiple locations, Sportech is committed to providing exceptional service and cutting-edge technology to its customers.

For More Information:

Richard McGuire – Chairman, Sportech Ltd.

Email: [email protected]

Websites: www.sportechplc.com www.jpjenkins.com/company/sportech/

Note: This press release is for informational purposes and may include forward-looking statements that involve risks and uncertainties.

29^th May 2024

Sportech Ltd

(‘Sportech’ or the ‘Group’)

FY 2023 Results pre-announcement

Sportech, an international betting and hospitality business is pleased to announce a pre-close trading update in respect of the financial year ended 31 December 2023 (‘FY 2023’).

Performance Overview Despite inflationary challenges, Sportech delivered a robust performance in 2023, anticipating strong operational results in line with FY 2022 (FY 2022 Revenue: £26.3m, Adjusted EBITDA: £1.6m).   The total betting handle at the Group’s Connecticut Venues business is expected to remain steady at US$201 million, evenly split between sports betting and pari-mutuel products. The average annual betting handle per retail location remains impressive at approximately US$20 million.

Corporate Initiatives In 2023, Sportech executed several key corporate initiatives, including a delisting from AIM; a share consolidation aimed at providing liquidity to smaller investors and a capital return to shareholders. £3.9 million of capital was returned to shareholders in 2023, bringing the total returned since 2021 to £46.4 million. These actions are anticipated to significantly reduce Group operating costs moving forward.

Financial Position The Groups net cash position remains strong at approximately £3.8m at 31 December 2023 (39 pence per share) , offering the potential for further capital returns to shareholders this year.

Looking Ahead  The Group expects to release audited Full Year 2023 Annual Report and Financial Results on July 5^th 2024.

Sportech continues to establish new business partnerships, building on its solid foundation, ensuring a stable and prosperous future for shareholders and stakeholders.

About Sportech:

Sportech is an international betting and hospitality business, known for its innovative solutions in the sports betting industry. With a strong presence across multiple locations, Sportech is committed to providing exceptional service and cutting-edge technology to its customers.

For More Information:

Richard McGuire – Chairman, Sportech Ltd.

Email: [email protected]

Websites:  www.sportechplc.com   www.jpjenkins.com/company/sportech/

End of Release

Note: This press release is for informational purposes and may include forward-looking statements that involve risks and uncertainties.

Sportech’s 9 Winners Venues along with its online & mobile wagering platform at MyWinners.com, and two Bobby V’s Restaurant & Sports Bar locations delivered the ultimate Kentucky Derby day excitement on May 4.

Throughout the Connecticut estate, customers placed over 200,000 wagers during the day driving betting handle to more than $2.5m.  Standing room only crowds cheered on their favorite horses in the 150^th run for the roses but only one horse could be declared the winner – Mystik Dan.

Sportech’s Executive Chairman Richard McGuire commented, “It was a thrilling race that came down to the wire and showed once again why Kentucky Derby is widely regarded as the premier race in the United States.  Customers who backed the 18-1 longshot Mystik Dan were ecstatic whilst collecting their winnings throughout our various locations.  In addition to the high level of excitement in our retail locations, our online and mobile channels performed well, recording an 11% increase in activity.”

All Winners and Bobby V’s locations will feature the second and third legs of the Triple Crown on Saturday, May 18 when the Preakness Stakes takes center stage and on Saturday, June 8 for the Belmont Stakes at Saratoga.

In the days leading up to Super Bowl Sunday, Sportech Venues became a hub of sports betting excitement as the passion of NFL fans could be felt in our venues across Connecticut.
The Super Bowl was a showdown between the 49ers and Chiefs, and despite the Chiefs’ status as reigning champions, they went into the game as a marginal betting underdog.
For the Big Game itself, our staff processed over 25,500 bets worth in excess of $2.1 million, with an average bet size of $84 per fan, which were handled by our staff on location and lodged with Fanatics Sportsbook.

Despite the Chiefs underdog status, we saw considerable betting support for them as they game drew in, and as Patrick Mahomes threw a thrilling game-winning touchdown it meant that Sportech took a slight loss for the day. Not only was the victory sweet for the Chiefs fans, but also for the numerous Sportech customers who walked away with winnings from their teams victory.

“Super Bowl is always a great time for us,” remarked Paul Dionne, VP of Marketing at Sportech Venues. “Seeing our patrons come together, celebrating wins at our locations, and having so much fun, is testament to the vibrant culture we’re fostering.”

A significant uptick was also seen at Sportech’s leading Food and Beverage venues in Stamford and Windsor Locks, where fans converged to witness the Super Bowl live. This resulted in a notable 13% increase in F&B sales on the day, with the vibrant atmosphere and collective cheers for successful bets enhancing the overall experience.

While condolences were extended to the 49ers fans, congratulations were abundant for the Chiefs on their victory. The entire Sportech team is now looking forward to the next American football season, committed to delivering unparalleled sports betting experiences to their patrons.

As the calendar turns towards the NCAAB championship, known as “March Madness”, Sportech remains focused on exploring growth opportunities within Connecticut’s dynamic sports betting landscape.

The company is also preparing to share its FY2023 trading update with the market and investors in late March, promising further insights into its operations and future plans.

For media inquiries, please contact: [email protected]

About Sportech Venues:
Sportech Venues is a leading provider of innovative sports and gaming entertainment experiences, offering state-of-the-art sports betting and tote betting solutions across Connecticut, USA. With a commitment to excellence, Sportech continues to enhance the fan experience and drive growth in the dynamic world of sports and horse racing wagering.

As a member of the Connecticut Council on Problem Gambling (CCPG), Sportech works closely with the organization to ensure retail and online customers have access to the help they may need should gambling become a problem, as well as creating awareness for responsible gambling.

In October, Sportech Venues proudly sponsored CCPG’s Annual Conference.  Sportech staff members from operations, security and marketing attended the conference to get a deeper understanding of new emerging trends affecting the problem gambling community.

Mike Burris, Sportech’s Manager of Sports Betting, said: “Having attended CCPG’s annual conference over the years has helped me understand the importance of ensuring our customers have the opportunity and access to responsible gambling tactics.  The conference always delivers engaging speakers that provide insight on emerging trends in prevention and treatment of problem gambling.”

In addition to support for CCPG, Sportech also contributes a portion of daily trading to the State of Connecticut’s Problem Gambling fund via the Department of Mental Health and Addiction Services.

For more information on Sportech Venues and Winners, visit MyWinners.com. 

For more information on the Connecticut Council on Problem Gambling, visit CCPG.org.