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Golden Matrix Group Inc / Equity Bottom-Up

<ul><li>GMGI's leverage ratio is down to 2Q24 levels & since the consummation of the Meridianbet transaction, GMGI has reduced the consideration payable to Meridianbet's former owners to ~$34.9m from $70.0m, through payments in cash and shares.</li><li>GMGI ended 1Q25 with cash and equivalents just shy of $30m to support growth initiatives, including strategic M&A and share repurchases.</li><li>GMGI expects full-year 2025 revenue of $190m-$195m, up about 26% to 29% y/y, as it continues to invest in technology, content and new licenses to drive growth and shareholder value.</li></ul>

GMGI's leverage ratio is down to 2Q24 levels & since the consummation of the Meridianbet transaction, GMGI has reduced the consideration payable to Meridianbet's former owners to ~$34.9m from $70.0m, through payments in cash and shares.GMGI ended 1Q25 with cash and equivalents just shy of $30m to support growth initiatives, including strategic M&A and share repurchases.GMGI expects full-year 2025 revenue of $190m-$195m, up about 26% to 29% y/y, as it continues to invest in technology, content and new licenses to drive growth and shareholder value.

GMGI's leverage ratio is down to 2Q24 levels & since the consummation of the Meridianbet transaction

<ul><li>GMGI's goal is to maintain sufficient liquidity and financial flexibility to fund operations and growth.</li><li>Its capital allocation strategy also includes share repurchases and strategic M&A funded using cash, shares & earnouts.</li><li>With strong momentum as illustrated by 63% y/y 2024 revenue improvement, GMGI is expanding its reach and portfolio.</li></ul>

GMGI's goal is to maintain sufficient liquidity and financial flexibility to fund operations and growth.Its capital allocation strategy also includes share repurchases and strategic M&A funded using cash, shares & earnouts.With strong momentum as illustrated by 63% y/y 2024 revenue improvement, GMGI is expanding its reach and portfolio.

GMGI's goal is to maintain sufficient liquidity and financial flexibility to fund operations and growth.

<ul><li>Recent expected growth drivers for GMGI include expansion into Nigeria & also the application for an iGaming license in Romania.</li><li>GMGI has also frequently leveraged strategic M&A to enhance its growth.</li><li>For example, the company acquired Meridianbet in April 2024.</li></ul>

Recent expected growth drivers for GMGI include expansion into Nigeria & also the application for an iGaming license in Romania.GMGI has also frequently leveraged strategic M&A to enhance its growth.For example, the company acquired Meridianbet in April 2024.

Recent expected growth drivers for GMGI include expansion into Nigeria & also the application for an iGaming license in Romania.

<ul><li>As GMGI pursues its growth strategy, a core objective is to continue to diversify its revenue base geographically and in both the B2C & B2B segments.</li><li>GMGI has leveraged strategic M&A to enhance its growth.</li><li>The company expects the April 2024 acquisition of Meridianbet, with its AI-enabled technology, to help lower CAC, raise player LTV & boost customer retention.</li></ul>

As GMGI pursues its growth strategy, a core objective is to continue to diversify its revenue base geographically and in both the B2C & B2B segments.GMGI has leveraged strategic M&A to enhance its growth.The company expects the April 2024 acquisition of Meridianbet, with its AI-enabled technology, to help lower CAC, raise player LTV & boost customer retention.

United States

Golden Matrix Group, Inc. provides enterprise software-as-a-service solutions. The Company develops and owns an online gaming intellectual property (IP), and builds turnkey and white label gaming platforms, esports technology, and gaming content. Golden Matrix Group serves customers worldwide.

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