Key Moments:
- Raketech completed the sale of its Casumba assets for a fixed EUR 12 million. Additionally, the company structured the payments to be spread through December 2029, without any upfront cash
- Under IFRS 9, Raketech measured the agreed consideration at a fair value of approximately EUR 7 million at closing, thereby highlighting credit risk and the deferred payment structure
- The transaction was signed and closed on 24 September 2025, resulting in a non-cash disposal loss of about EUR 10 million in Q3 2025
Divestment Supports Platform-Focused Strategy
Raketech Group Holding Plc has entered into a definitive agreement to sell its Casumba assets, a move driven by recent regulatory changes in the markets where Casumba operates. Moreover, the divestment aligns with Raketech’s strategy to focus more intensively on core markets and its premier iGaming affiliation platform, AffiliationCloud. By exiting Casumba, Raketech aims to reduce regulatory exposure and reallocate capital towards growth in sustainable sectors of its business.
Transaction Structure and Financial Implications
The Casumba assets have been sold for a fixed consideration of EUR 12 million, paid out in monthly installments through December 2029 with no initial cash payment. In line with IFRS 9 standards, the deferred amount is recorded at a fair value of about EUR 7 million at closing. This figure reflects ongoing credit risk as well as the lengthy payment schedule. Furthermore, Raketech will record any future changes to the deferred consideration in its profit and loss statement throughout the payment period, in accordance with IFRS 9.
The deferred consideration will accrue interest at a rate of 8% and will be settled via variable monthly installments until December 2029.
Performance Highlights and Disposal Impact
Based on the Q2 2025 run rate, the Casumba assets delivered annualized revenues of approximately EUR 4.0 million and EBITDA of EUR 2.9 million. As a result of the transaction, Raketech will record a non-cash loss of approximately EUR 10 million in Q3 2025. This loss mainly reflects the difference between Casumba’s book value and the IFRS 9 fair value of the consideration. This accounting loss is non-recurring and will not affect Raketech’s cash flow or ongoing operations.
| Casumba Asset Financials | Value |
|---|---|
| Annualized Revenue (Q2 2025 run rate) | EUR 4.0 million |
| EBITDA (Q2 2025 run rate) | EUR 2.9 million |
| Sale Price (Fixed Consideration) | EUR 12 million |
| IFRS 9 Fair Value at Closing | EUR 7 million |
| Interest Rate on Deferred Consideration | 8% |
| Non-cash Loss on Disposal (Q3 2025) | EUR 10 million |
Transaction Completion and Leadership Commentary
Raketech signed and closed the agreement on 24 September 2025. Reflecting on this development, Johan Svensson, CEO of Raketech, said: “This sale marks another step in refining our portfolio and concentrating on our core goal of creating the top commercial platform for iGaming affiliation. By divesting Casumba, we eliminate regulatory exposure and unlock resources for growth opportunities. This transaction reflects our dedication to sustainable shareholder value and financial discipline.”
- Author
Daniel Williams
