#USA #Malta #Audit Committee #Financial Reporting #Gentoo Media

Gentoo Media Announces Financial Statement Restatement

Gentoo Media Inc. has recently disclosed a restatement of its earlier financial statements following a thorough review conducted by its Audit Committee. This process saw external legal counsel and the appointed group auditor assist in uncovering several errors in the company's prior financial reporting.

The review highlighted some misstatements that had previously been assessed as not material during the audit of the 2024 financial statements, alongside new discoveries. When the Board of Directors evaluated these collectively, they reached the conclusion that the total impact was significant enough to warrant a restatement. This is crucial in upholding the integrity and reliability of the company's financial information.

Specifically, Gentoo Media will revise the previously reported figures in several key areas:

• - Audited consolidated financial statements for the fiscal year ending December 31, 2024.
• - Unaudited consolidated interim financial statement for Q3 2024 of the fiscal year ending December 31, 2024.
• - Unaudited consolidated interim financial statement for Q4 2024 of the fiscal year ending December 31, 2024.
• - Unaudited consolidated interim financial statements for the first and second quarters of the fiscal year 2025.

Along with the necessary adjustments to affected line items, the financial impact of these changes will be detailed in Gentoo Media’s Q3 2025 Interim Report, scheduled for release on November 18, 2025.

The findings indicate that the adjusted revenues and profits for 2024 will be reduced, while figures for the first half of 2025 will witness an increase. Importantly, however, there will be no impact on the company's cash flow.

This decision underscores Gentoo Media's dedication to transparency and the accuracy of its financial disclosures, particularly in light of its recent separation from GiG’s Platform and Sportsbook operations. The enhancement of financial controls has been a major focal point for the company throughout 2025, and it is committed to refining accuracy in its reporting, elevating governance standards, and ensuring operational integrity in the future.

As part of maintaining an ongoing dialogue with stakeholders, investors, and analysts, Gentoo Media will gladly provide clarifications regarding the adjustments and their implications.

For further details, interested parties can reach out to:

• - Mikael Harstad, Chairman of the Board, at mikael.harstad@g2m, +46 737674852
• - Jonas Warrer, CEO, at [email protected], +45 3078 8450
• - Mads Haugegaard Albrechtsen, CFO, at [email protected], +45 3070 1041

About Gentoo Media

Gentoo Media stands as a prominent player in the iGaming affiliate sector, bringing operators together with high-value players through top-notch lead generation and compliance solutions. Its well-respected portfolio includes popular sites like AskGamblers, Time2Play, CasinoTopsOnline, WSN, and Casinomeister, which are trusted by millions globally. Gentoo emphasizes innovation and partnership to promote sustainable growth and attain measurable success. The company is listed on Nasdaq Stockholm under the ticker G2M. For more information, please visit www.gentoomedia.com.