Danske Spil has reported post-tax profit of DKK2bn (£231.4m) for full-year 2025 as management pointed to reduced costs and a focus on product improvements as key drivers.
Post-tax profit was up DKK60m from 2024, while gross gaming revenue (GGR) for the state-owned operator dropped 2% to DKK5.2bn.
Dankse Spil said the GGR decline was due to the lack of a major men’s football tournament last summer compared to Euro 2024 as well as “continued tough competition in the regulated market”.
“At the same time, it is estimated there has been an increase in gambling on the unregulated market, which has increased competition and is estimated to have had a negative effect on GGR,” management added.
Breaking down GGR by vertical, Danske Spil’s lottery arm was the main driver with DKK3bn, although there was a 2% dip year on year (YoY) due to a weaker jackpot environment.
The sports betting and online casino arm, Danske Licens Spil, reported a 3% YoY GGR dip from DKK1.6bn.
Dankse Spil said its online casino arm reported “good development” and set GGR records, but sports betting faced greater competition.
The Class Lottery arm reported an 11% YoY jump in GGR to DKK283m.
In 2025, online drove the majority of GGR at 70%, representing an increase on the 67% share the arm took in 2024.
Looking ahead to 2026, Dankse Spil has forecast GGR to land between DKK5.2bn and DKK5.3bn. Post-tax profit should come in between DKK1.95bn and DKK2.05bn.
Nikolas Lyhne-Knudsen, Danske Spil CEO, said: “Danske Spil maintains a market-leading position in a market with fierce competition from large, international players and rapidly changing consumer habits.
“Danske Spil must continue to be the Danes’ gaming company and the responsible market leader in the future, and this requires that we constantly develop and think new things.
“It is by developing Danske Spil that we remain relevant, so we can continue to unite 1.9 million Danes around the dream of winning for the benefit of the community in the future.”
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Danish operator cites growing presence of foreign operators in the market as a pressure point, with 2026 guidance indicating minimal growth
The post Danske Spil 2025 post-tax profit flat amid rising international competition first appeared on EGR Intel.