Fable Media Group: Interim Report Q1 2026: 58% Sequential FTD Growth & Maintained Guidance

January - March 2026 · Net sales decreased by 8% to 15.8 MSEK (17.1 MSEK) · Recurring revenue amounted to 95.3% (99.4%) of net sales · EBITDA decreased by 32% to 9.0 MSEK (13.2 MSEK) · The EBITDA margin amounted to 57% (77%) · Adjusted EBITDA decreased by 14% to 9.0 MSEK (10.5 MSEK)

· The Adjusted EBITDA margin amounted to 57% (61%)

· Operating profit (EBIT) amounted to 8.8 MSEK (13.2 MSEK) · Profit after tax amounted to 5.5 MSEK (10.3 MSEK) · Basic and diluted earnings per share: 0.16 SEK (0.30 SEK) · Referred FTDs decreased by 39% to 13,410 (21,932) compared to Q1 2025, while increasing by 58% compared to Q4 2025

Figure for the comparative period excludes a positive earnout revaluation effect of SEK 2.8 million relating to the acquisition of Fable Media ApS Current Trading Q2 2026 started very strongly, with preliminary April figures showing the highest monthly net sales since the Brazil regulatory changes in early 2025. Proposed Dividend The Board of Directors proposes a dividend of SEK 0.20 per share for approval at the Annual General Meeting on 22 June 2026. Full-Year 2026 Guidance For 2026, Fable Media Group expects net sales of SEK 70-85 million and Adjusted EBITDA of SEK 45-55 million. CEO Letter While reported net sales for the first quarter decreased by 8 per cent compared with the corresponding period last year, the underlying operational performance was stronger than the headline figures suggest. Our operational KPIs developed positively during the quarter. Referred First Time Depositors in Q1 2026 increased by 58 per cent compared with Q4 2025. This reflects improved partner agreements and increased marketing investments initiated earlier this year to capitalise on attractive opportunities in the market. Player deposits also increased by approximately 15 per cent compared with the same quarter last year, further indicating continued strengthening of the underlying business momentum. EBITDA decreased by 32 per cent, although the comparison figure was inflated by a revaluation of the earnout related to the acquisition of Fable Media ApS. Adjusted for this effect, EBITDA decreased by 14 per cent. Reported figures were also negatively affected by higher consultancy costs and currency movements. The Swedish krona strengthened materially against several of the currencies in which the Group generates revenue. Roughly one third of the year-on-year decline in net sales can be explained by these exchange rate effects alone. The Group's business model remains highly cash-generative and scalable, with a high share of recurring revenue and continued strong profitability. During the quarter, we also continued to execute on our shareholder-friendly capital allocation strategy. In March, Fable Media Group distributed its third and largest dividend since the launch of the dividend strategy in the autumn of 2025, providing a strong yield for shareholders. We remain committed to our strategy of distributing quarterly dividends. The quarter also included strategically important developments. We strengthened our shareholder base through the addition of Scandinavian Investment Group as a major shareholder, while also further enhancing the Company's Board and IR capabilities. We believe these steps support the Company's continued development and improve its long-term visibility in the capital markets. Looking ahead, the start of Q2 2026 has been encouraging. Preliminary April figures indicate the highest monthly net sales since the regulatory changes in Brazil at the beginning of 2025. This supports our view that the operational measures implemented during the past year are producing results and that the business continues to strengthen. The coming quarters are also expected to benefit from a favourable sports calendar, including the FIFA World Cup in North America, one of the world's largest sports betting events. Combined with strong underlying KPIs, the outlook for the remainder of 2026 remains promising. We therefore maintain our forecast for 2026 of net sales of SEK 70-85 million and Adjusted EBITDA of SEK 45-55 million. Alexander Pettersson CEO, Fable Media Group AB The information was submitted for publication, through the agency of the contact person, on "Innehållet inom klamrarna kommer ersättas med rätt tid och datum vid utskickstillfället">13-05-2026 08:00 CET For further information: Alexander Pettersson, CEO alexander@fablemedia.se https://fablemedia.se