Raketech Group Holding Plc has finalized an agreement to divest the Casumba assets in response to regulatory changes affecting its markets.
The deal is valued at a fixed consideration of EUR 12 million, payable in monthly instalments until December 2029, with no upfront cash component. In line with IFRS 9 accounting standards, the deferred consideration was recorded at a fair value of about EUR 7 million at closing. The EUR 5 million gap between the fixed and fair values reflects both credit risk and the long payment horizon. Further adjustments will be accounted for in profit and loss during the payment period.
The consideration bears an 8% interest rate and will be settled through variable monthly payments until 2029.
This divestment aligns with Raketech’s platform-first strategy, emphasizing sustainable growth in core iGaming markets. By selling Casumba, the company reduces regulatory risks while reallocating resources to strengthen its flagship AffiliationCloud platform.
Casumba contributed around EUR 4.0 million in annualized revenue and EUR 2.9 million in EBITDA, based on Q2 2025 run-rate figures.
Raketech expects to book a non-cash loss of approximately EUR 10 million in Q3 2025, mainly stemming from the difference between Casumba’s book value and the IFRS 9 fair value of the consideration. This one-off, non-recurring loss will not affect cash flow or day-to-day operations.
The transaction was signed and closed on 24 September 2025.
Commenting on the sale, Johan Svensson, CEO of Raketech, stated:
This step is part of our strategy to refine the portfolio and build the leading commercial platform for iGaming affiliation. Divesting Casumba removes regulatory exposure and allows us to channel resources into future growth. The transaction highlights our commitment to financial discipline and long-term shareholder value.
