INTRALOT has today reported solid financial performance for the first half of 2025. Despite a modest 1.7 per cent year-on-year increase in revenues to €168m, the company displayed strong resilience in profitability and liquidity. EBITDA edged higher by 1.2 per cent to €60.2m, and trailing 12-month Adjusted EBITDA reached €131.5m, a slight 0.6 per cent improvement over the full-year 2024 level.
Cash generation remained a standout feature, with Operating Cash Flow surging to €72.2m, an increase of €27.2m compared to the prior year period. This enabled a significant €52.7m reduction in Adjusted Net Debt, which now stands at €303m, and strengthened the Adjusted Net Leverage ratio to 2.3x, down from 2.7x at the end of 2024. Group liquidity, including restricted cash, reached €97.3m, and capital expenditure totalled €14.2m. However, net earnings were narrowly negative, with NIATMI recording a €0.1m loss compared to a €4.6m profit a year earlier, primarily due to higher costs and inflation-related effects in certain markets.
Business trends were mixed across regions. While lottery games accounted for 53 per cent of revenues, and growth in technology and support services, particularly in the US, Argentina, and Croatia, supported overall performance, management contracts in Turkey declined under hyperinflationary pressures and increased marketing costs. Argentina’s B2C operations rebounded strongly, delivering a 32 per cent increase in revenue.
INTRALOT also made several strategic moves during the period. On July 1, it announced a €2.7bn acquisition of Bally’s International Interactive business, expected to close in Q4 2025 and significantly boost its digital footprint. The company also secured a 10-year contract extension with the Idaho Lottery (effective September 2027), launched a VLT monitoring project in Nebraska, and signed a new seven-year technology contract with the Montana Lottery, building on a nearly two-decade relationship.
Chairman Sokratis P. Kokkalis emphasised that the first-half results reflect disciplined financial management, robust cash flows, and a strengthened balance sheet, while underscoring the transformative potential of the Bally’s acquisition in accelerating growth and digital innovation.
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INTRALOT has today reported solid financial performance for the first half of 2025. Despite a modest 1.7 per cent year-on-year increase in revenues to €168m, the company displayed strong resilience in profitability and liquidity. EBITDA edged higher by 1.2 per cent to €60.2m, and trailing 12-month Adjusted EBITDA reached €131.5m, a slight 0.6 per cent…
The post INTRALOT posts resilient financial results appeared first on G3 Newswire.