Orkla Reports Lower-Than-Expected Q1 Sales and Operating Profit

Orkla, a Norwegian food company, reported Q1 revenue of NOK 17.2bn, up 2.3% YoY, and adjusted operating profit of NOK 1.76bn, lower than expected. The company's operating margin increased to 10.2% from 9.3% YoY. CEO Nils K. Selte attributed the weaker volume growth to macroeconomic disruptions and potential indirect effects of increased uncertainty and lower consumer confidence.

Golden Matrix Group Inc. (NASDAQ: GMGI), an online gaming platform, reported robust Q1 performance despite facing foreign exchange headwinds. The company's Q1 revenue surged 72% year-over-year (YoY) to $42.7 million, reaching a consolidated gross profit of $24.2 million with a 57% margin [1].

Key highlights of the quarter include:
- Raffle Segment: The raffle segment saw all-time highs in revenue, ticket sales, and prize values, with a 146% increase in user registrations compared to Q1 2024.
- Debt Management: Golden Matrix eliminated approximately $9.6 million in Lind Global debt and converted over $9.5 million in Meridianbet acquisition obligations into equity, significantly strengthening its balance sheet.
- Geographic Expansion: The company secured new or renewed licenses in Brazil, Nigeria, and Serbia, and expanded its U.S. presence via Expanse Studios.

CEO Brian Goodman noted, "We entered fiscal 2025 with elevated operating efficiency and diversified revenue streams that continue to scale across high-growth markets." Adjusted EBITDA remained strong at $5.6 million, down slightly due to increased investment in technology and geographic expansion [1].

Meridianbet CEO Zoran Milosevic highlighted the quarter’s operational progress, including major regulatory wins and a 56% increase in first-time deposits and 22% YoY increase in registrations. The company reaffirmed its full-year 2025 revenue guidance of $190 to $195 million, representing 26%–29% growth [1].

References:
[1] https://finance.yahoo.com/news/golden-matrix-q1-revenue-soars-162301689.html