Notice of Results and Investor Presentation

GiG Software Plc (First North: GiG SDB; OTCQX: GIGXF) will release its fourth-quarter and full-year results for the period ended 31 December 2025 on 25 February 2026. CEO Richard Carter and CFO Phil Richards will host an investor presentation and live Q&A via the Investor Meet Company platform the same day (11:00 CET), with registration and pre-submitted questions accepted through the IMC portal. The event provides investors direct access to management ahead of the results but contains no financial figures or guidance in the notice itself.

Analysis

Market structure: The Feb 25, 2026 GiG SDB results are a micro-cap event that directly benefits B2B SaaS platform providers and data/odds-optimisation vendors (winners) and hurts legacy content/licensing vendors with heavy fixed-cost footprints (losers). If GiG reports accelerating recurring revenue and operator integrations, it increases pricing power vs. narrower suppliers and pressures incumbents’ margins by 200–500 bps over 12–24 months. At the asset level, expect elevated equity volatility in small-cap gaming names, limited sovereign bond impact, mild FX sensitivity (EUR/SEK exposures), and increased option premium for 2–8 week tenors around the print.

Risk assessment: Tail risks include sudden regulatory action in the UK/Sweden/Malta, a material data breach, or loss of a top-3 operator contract that can cut revenue by >20% — low prob but high impact. Immediate (days): headline reaction to results; short-term (weeks/months): guidance and contract announcements; long-term (quarters/years): market-share shifts and potential M&A. Hidden dependencies: GiG revenue tracks operator GGR cycles and third-party game supply agreements; FX translation (EUR/GBP/SEK) can swing EPS by several percent. Key catalysts: Feb 25 results, operator renewal notices in next 90 days, and any announced partnerships or M&A interest within 3–12 months.

Trade implications: Short-term event trades should be option-driven—buy straddles/strangles into earnings or buy OTM calls if guidance signals acceleration. For medium term, consider a relative-value pair: long GiG SDB vs short legacy integrator (Playtech PTEC.L) for 3–12 months to capture SaaS share gains. Rotate portfolio weight +1–3% into regulated SaaS gaming tech (EVO.ST, GiG SDB) and reduce 1–3% exposure to legacy content/licensing names.

Contrarian angles: Consensus may underprice M&A value; a clean beat and strong ARR could trigger an acquisition bid within 6–12 months, implying upside >40% vs. typical small-cap multiples. Conversely, the market sometimes overreacts to minor guidance misses—if post-print implied vol spikes >30% above pre-earnings, selling premium into the pop is attractive. Historical parallels: small-market-cap tech platform wins often re-rate 30–70% post-acquisition rumors; downside is sharper if operator churn occurs unexpectedly.

Key Decisions for Investors

• Establish a 2–3% long position in GiG Software (GiG SDB) ahead of the Feb 25, 2026 results; set a protective stop-loss at -15% and a 3-month profit target of +30%; trim to 50% size if guidance on recurring revenue is below +5% QoQ.
• Buy a short-dated options straddle (30–45 day ATM) sized to 0.5% of portfolio risk expiring ~mid‑April; only execute if straddle premium <= 20% of spot price (implies expected move ≥20%); plan to sell into the first 3 trading days post-release if vol compresses.
• Initiate a 1% long GiG SDB / 1% short Playtech (PTEC.L) pair for 3–12 months to capture SaaS vs legacy dispersion; unwind if relative performance diverges >25% or after 12 months.
• If earnings report shows recurring ARR growth <5% QoQ, churn >5%, or loss of a top-3 operator, reduce GiG exposure to zero within 7 trading days; conversely, if ARR growth >10% QoQ and margin expansion >200 bps, add another 1–2% within 10 trading days.