March 28, 2023

Total Gaming Income for the twelve months ended December 31, 2022 increased 16% to $50.77 billion (2021: $43.92 billion). For the quarter, it increased 9% to $13.25 billion (2021: $12.21 billion).

Revenues from the Company’s segments for the twelve-month period were as follows:

• Revenue from non-fixed odd wagering games, horse racing and pin codes increased 12% to $29.47 billion (2021: $26.39 billion).
• Income from fixed odd wagering games, net of prizes increased 22% to $21.30 billion (2021: $17.53 billion).

Interest Revenue for the twelve months ended December 31, 2022 amounted to $93.62 million  (2021: $56.28 million). For the quarter, it amounted to $70.09 million (2021: nil).

Direct Expenses for the period increased 14% to $39.60 billion (2021: $34.59 billion). For the quarter, direct expenses increased 2% to $9.64 billion (2021: $9.42 billion).

Gross Profit for the twelve months ended December 31, 2022 increased 20% to $11.27 billion (2021: $9.38 billion). For the quarter, gross profit increased 29% to $3.68 billion (2021: $2.84 billion).

Other Income for the twelve months ended December 31, 2022 increased 8% to $239.3 million (2021: $221.78 million). For the quarter, there was a 45% improvement to $173.02 million (2021: $119.52 million).

Selling, general and administrative expenses for the twelve months ended December 31, 2022 reflected a 13% increased to $6.98 billion (2021: $6.16 billion). For the quarter, selling, general and administrative expenses increased 23% to $2.07 billion (2021: $1.68 billion).

Operating Profit for the twelve months ended December 31, 2022 rose 32% to $4.38 billion (2021: $3.33 billion). For the quarter, operating profit increased 41% to $1.64 million (2021: $1.16 million).

Finance Costs for the twelve months ended December 31, 2022 closed at $535.2 million (2021: $30.40 million). For the quarter, it here was 446% upward movement to $301.22 million (2021: $55.22 million).

Profit before taxation for the twelve months ended December 31, 2022 increased 18% to $3.86 billion (2021: $3.28 billion). SVL profit before tax for the quarter, climbed 14% to $1.21 billion (2021: $1.06 billion).

Taxation for the twelve months ended December 31, 2022 decreased 18% to $781.34 million (2021: $951.38 million). Taxation for the quarter fell 32% to $188.21 million (2021: $278.07 million).

SVL’s net Profit for the year increased 32% to $3.08 billion (2021: $2.33 billion). For the quarter, it increased 30% to $1.02 billion (2021: $785.07 million).

Net Profit attributable to shareholders for the twelve months ended December 31, 2022 increased 33% to $3.04 billion (2021: $2.29 billion). For the quarter, it increased 30% to $998.5 million (2021: $770.44 million).

Total Comprehensive Income for the twelve months ended December 31, 2022 increased 28% to $3.04 billion (2021: $2.37 billion). For the quarter, it increased 29% to $1.07 billion (2021: $832.47 million).

Earnings per share (EPS) totalled $1.15 (2021: $0.87), while for the quarter, it amounted to $0.38 (2021: $0.29). The twelve months trailing earnings per share amounted $1.15.  The number of shares used in our calculations 2,637,254,926 units. Notably, SVL’s stock price closed the trading period on March 28, 2022, at a price of $25.86 with a corresponding P/E ratio of 22.43 times.

Balance Sheet at a glance:

As at December 31, 2022, Supreme Ventures Limited had assets totalling $18.37 billion (2021: $17.23 billion). The increase was due mainly to an increase in ‘Property, Plant and Equipment’ and ‘Trades and Other Receivables’, which closed at $4.86 billion (2021: $4.2o billion) and $3.27 billion (2021: $2.57 billion), respectively.

Shareholders Equity attributable to owners of SVL amounted to $4.69 billion (2021: $4.23 billion) with a book value per share of $1.78 (2021: $1.60).

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