Gentoo Media Inc will refinance its business in 2026 to enhance cost controls, operating margins with the view to strengthen cash generation.

This morning, the Stockholm- and Oslo-listed media group published a pre-close Q4 2025 trading update alongside preliminary financial guidance for 2026.

2025 marked Gentoo’s first full year as a standalone media group following its strategic split from former owner Gaming Innovation Group (GiG). 

Leadership continues to prioritise “profitability and cash flow generation” as the iGaming media and affiliate marketing group exits a year of operational restructuring.

For the fourth quarter, Gentoo reported revenues of €25.5m and adjusted EBITDA of €14.9m, with operating cash flow reaching €10.4m. Full-year 2025 revenues rose to €98.6m, while adjusted EBITDA totalled €41.4m and cash from operations reached €33m, leaving net interest-bearing debt at 2.82x EBITDA.

In its update, management underlined that Gentoo had begun trading at an optimal performance level, with Q4 2025 generating record end-user deposits above €200m for partner operators, supporting its commercial focus on “performance-based revenue streams”.

The return to positive Q4 metrics marks the achievement of objectives set out in Gentoo’s strategic review undertaken at the start of 2025. Leadership was forced to review its cost base and media strategy to accommodate market entry in Brazil and the closure of ‘low-value’ channels across Europe.

Investors were also provided with initial guidance for 2026, with Gentoo forecasting revenues of €105m–€115m and adjusted EBITDA of €49m–€54m, supported by a leaner cost base, falling non-recurring expenses and stronger performance-based revenues linked to rising end-user deposits.

Building on this strengthened financial position, Gentoo has mandated ABG Sundal Collier and Pareto Securities to begin investor meetings in February 2026, as it prepares to issue a €120m senior secured floating-rate bond split between EUR and SEK tranches. Proceeds will be used to refinance existing bonds and the company’s credit facility, simplifying its debt structure.

Gentoo added that 2026 is expected to benefit from a more favourable global sporting calendar, including the FIFA World Cup, which historically drives higher user engagement and commercial performance across its media platforms.

The company confirmed it will publish its full Q4 2025 interim report on 24 February.