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Is Super Group setting itself up to “lap” its own targets? Its profit from the beginning of this year to date is already nearing the point of surpassing the full-year forecast for fiscal year 2025.

Super Group maintained a steady and healthy growth trajectory through the third quarter of 2026; the latest financial report indicates that its profit level is on the verge of surpassing the total profit recorded for the entire year of 2025.

For the nine months ending September 30, 2026, the company generated a profit of $350 million (approximately £259 million), compared to a full-year profit of $218 million for 2025 (ending December 31). However, the group noted that these figures are not directly comparable.

Furthermore, when Super Group released its 2025 fiscal year results in February 2026, it reported a pre-tax profit of $355 million. Based on the data released today, the company is just $5 million shy of that figure; given business performance from October through December, it is expected that total profit for the year will exceed that level.

Super Group’s total profit for the third quarter reached $142 million, up from $96 million in the same period last year. For the three months ending September 30, adjusted EBITDA stood at $165 million, compared to $152 million in the third quarter of 2025.

Looking at the global regional breakdown, adjusted EBITDA in the African market grew from $72 million in the third quarter of 2025 to $88 million in the same period this year, while adjusted EBITDA in international markets reached $93 million, up from $75 million in the third quarter of 2025.

How is your geographical knowledge?
From Super Group’s perspective, its global footprint is quite impressive.

In the African market, the company has been operating for nearly a decade through its flagship brand, Betway. In the third quarter of this year, revenue from this region grew to $262 million, up from $224 million in the same period last year. Currently, the African market accounts for 43% of Super Group’s total revenue.

Broken down by product category, iGaming revenue in the African market reached $205 million—a significant increase from the $169 million recorded in the third quarter of last year. The sports betting segment generated $57 million in revenue (compared to $55 million in the third quarter of 2025).

Revenue from international operations (listed separately) totaled $344 million, an increase from $328 million the previous year.

International operations now account for 57% of the Group’s total revenue—a slight decline from the 59% share seen in the third quarter of last year—which further underscores the growing importance of the African market to Super Group.

Revenue from the Americas reached $193 million, up from $185 million in the third quarter of last year. Meanwhile, revenue from the European market stood at $115 million (compared to $108 million in the third quarter of 2025), and revenue from the rest of the world reached $36 million (up from $34 million the previous year).

Within the international operations segment, iGaming revenue totaled $310 million (compared to $290 million in the third quarter of 2025), while sports betting revenue reached $33 million (compared to $36 million in the third quarter of 2025).

What does this mean for investors?
Super Group projects its total annual revenue to fall between $2.5 billion and $2.6 billion, with adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) expected to range between $700 million and $720 million. Alinda van Wyk, Chief Financial Officer of Super Group, further highlighted the company’s financial strength, announcing: “With over $600 million in cash reserves and a robust balance sheet, the Board has approved a share repurchase program of up to $150 million. This reflects our confidence in the long-term value of Super Group, while also providing us with the flexibility to continue investing in attractive organic growth opportunities and strategic ventures.”

Neal Menashe, CEO of Super Group, concluded: “We remain firmly convinced that our core business is stable and healthy, and we are very excited about the opportunities that lie ahead.”

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