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IN BRIEF: B90 Holdings annual loss widens as costs increase

ALN

B90 Holdings PLC - Online marketing and operating company for the gaming industry - Posts revenue of €2.1 million for 2022, up from €826,855 in 2021. Pretax loss, however, widens to €4.3 million from €3.4 million, as administrative expenses increase to €6.4 million from €4.1 million a year earlier. Looking ahead, expects business to trade in line with expectations.

Interim Executive Chair Ronny Breivik says: ‘As an entrepreneurial gaming business, we believe that the business has strong growth potential through a strategic and deliberate ’buy and build’ M&A strategy. This is backed by strong execution, and organic growth stemming from focused inhouse marketing activities. We can be characterized as a challenger brand in the gaming industry, and one of the few pure plays listed on the AIM market and we are determined to make more use of the opportunities afforded by our listing.’

Current stock price: 8.00 pence each, down 1.2% on Friday afternoon in London

12-month change: up 78%

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