It is Acroud’s assessment that sustained growth in adjusted EBITDA, converted into strong cash flow and deployed through disciplined capital allocation, is the best measure for creating shareholder value over time.
Overall financial objective: Growth in earnings per share
Financial objectives
Financial goals
Adjusted EBITDA Growth 2026–2028
Acroud’s target is compound annual growth in adjusted EBITDA of 12% during the financial years 2026–2028.
Capital structure
Acroud’s target is to reduce the net debt to adjusted EBITDA ratio to below 1.25x by the end of 2028.
Acroud will conduct operations at low financial risk over time by means of low net debt.
Acroud has historically allocated a significant share of its cash flow towards earnout obligations and other acquisition-related liabilities. Following the settlement of these legacy obligations, an increasing proportion of the Group's future cash generation can be allocated more discretionarily between organic growth initiatives offering attractive returns and the continued reduction of financial leverage.
Key commitments to Acroud updated financial targets
Acroud is continuing its transition from financial restructuring towards sustainable earnings growth, strong cash generation and disciplined capital allocation..
Following a strong first quarter of 2026, the net debt to adjusted EBITDA ratio was reduced to 2.1x, giving the Group a solid foundation for the coming three-year period.
Acroud’s scalable SaaS platform provides a strong foundation for delivering on the new targets.
The extensive project portfolio within the iGaming Affiliation Segment supports continued growth.
The Group’s continued focus on operational efficiency underpins margin and cash flow development.
The financial targets represent Acroud’s ambitions for the period as a whole and should not be interpreted as financial guidance for individual quarters or financial years.
