SportsHero Raises A$1.65m as iGV Game Pass Launches in Indonesia and Philippines

• iGV Family Game Pass launched with Indonesian Telcos XL Axiata and Indosat
• Exclusive e-Sports partnership with Indonesia's PSSI to launch KitaGaruda Gaming Hub
• New distribution agreement signed with Philippine Telco PLDT Inc including minimum revenue terms
• A$1.65 million raised via private placement to support debt reduction and marketing expansion
• Operating cash burn of A$390K in Q4 FY25 with cash reserves at A$118K

Strategic Southeast Asia Expansion

SportsHero Limited has made significant strides in commercializing its iGV Family Game Pass across Southeast Asia during the June quarter of 2025. The company successfully integrated its gaming subscription product with two of Indonesia's largest telecommunications providers, XL Axiata and Indosat Ooredoo Hutchison, enabling customers to subscribe via direct carrier billing. This seamless integration taps into Indonesia's estimated 8.3 million PC gamers, positioning SportsHero to capture a substantial share of this growing market.

Further strengthening its foothold, SportsHero expanded its partnership with Indonesia's professional football association, PSSI, to become the exclusive e-Sports digital platform partner. This collaboration will see the launch of the KitaGaruda Gaming Hub, a centralized online destination for football fans to engage with gaming content, tournaments, and exclusive features. The initiative leverages the popularity of football and e-Sports in Indonesia, aiming to convert passionate fans into active users of SportsHero's gaming ecosystem.

Philippines Market Entry and Revenue Assurance

In a strategic move beyond Indonesia, SportsHero signed a two-year agreement with PLDT Inc, the Philippines' largest integrated telecommunications company, to distribute the iGV Family Game Pass. This partnership includes direct carrier billing and comprehensive marketing support, with a minimum revenue commitment in the first year tied to premium broadband customer subscriptions. The Philippines, with an estimated 43 million PC gamers and a rapidly growing video games market valued at over US$1 billion, represents a promising expansion opportunity for SportsHero.

Capital Raise to Fuel Growth

To support its regional expansion and operational needs, SportsHero secured firm commitments to raise A$1.65 million through a private placement at a discounted share price. The capital injection is earmarked for debt reduction, scaling marketing efforts, broadening product offerings, and bolstering working capital. While the placement introduces some dilution and was priced below recent trading levels, it provides the company with essential liquidity to execute its growth strategy.

Financial Position and Outlook

During the quarter, SportsHero reported a net cash outflow of A$390,000 from operating activities, reflecting ongoing investments in development, marketing, and corporate costs. Cash reserves stood at A$118,000 at quarter-end, supplemented by an undrawn debt facility of A$680,000. The company also appointed Hall Chadwick as its new auditor, signaling a refreshed approach to corporate governance.

Overall, SportsHero's progress in securing major Telco partnerships and expanding its e-Sports footprint across Southeast Asia underscores its commitment to becoming a leading player in the region's digital gaming landscape. The coming quarters will be critical in translating these partnerships into sustainable subscriber growth and revenue streams.

Bottom Line?

SportsHero’s Southeast Asia push is gaining momentum, but subscriber uptake and revenue conversion will be the true tests ahead.

Questions in the middle?

• How quickly will subscriber numbers grow through the new Telco partnerships in Indonesia and the Philippines?
• What impact will the private placement discount have on investor confidence and share price momentum?
• Can the KitaGaruda Gaming Hub effectively convert Indonesia’s football fans into paying e-Sports users?