INTRALOT has reported its financial results for the nine months ending 30 September 2025, recording AEBITDA of €90.1m, down 1.6% year-on-year but up 2.4% on a constant-currency basis, with an AEBITDA margin of 37.2%. Revenues reached €242.5m, a 2.9% decline reported but broadly stable when adjusted for FX movements.
Operating Cash Flow increased to €86.4m, a 5.9% improvement, while Adjusted Net Debt fell to €298.8m, a reduction of €56.9m since the end of 2024. As a result, INTRALOT’s adjusted net leverage improved to 2.3x.
During the period, INTRALOT completed the €2.7 billion acquisition of Bally’s International Interactive, creating one of the largest listed gaming groups on the Athens Stock Exchange. Based on Bally’s published results, pro-forma performance for the combined organisation shows €790m in nine-month revenue and €320m in EBITDA, with full-year 2025 revenue projected at around €1.1bn and EBITDA margins above 39%.
INTRALOT also signed a new 10-year contract with the Arkansas Scholarship Lottery, continuing a partnership that dates back to 2009.
Chairman Sokratis P. Kokkalis said the acquisition of Bally’s International Interactive and the refinancing of maturing debt positions the enlarged group for further growth.
CEO Robeson Reeves added that both INTRALOT and Bally’s International Interactive were on track to meet their respective guidance targets. Despite the UK government’s plan to raise remote gaming duty to 40% from April 2026, he noted that mitigation measures, including reduced generosity, marketing efficiencies and synergies, are expected to limit the impact.
Reeves said INTRALOT now expects 2026 EBITDA for the combined entity to be in the range of €420–440m.
Revenue performance varied across segments, with several key markets posting underlying growth on a constant-currency basis. Lottery Games remained the largest contributor at 53.6% of group revenue, followed by Sports Betting at 21.6%, VLT monitoring at 13.0%, and IT services at 11.8%.
The company also highlighted continuing improvements in operating expenses and stronger FX effects on USD-denominated debt. CAPEX for the period totalled €20.4m, down from 2024.
INTRALOT’s Board of Directors was updated in November following the appointment of Robeson Mandela Reeves as CEO and board member.
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INTRALOT has reported its financial results for the nine months ending 30 September 2025, recording AEBITDA of €90.1m, down 1.6% year-on-year but up 2.4% on a constant-currency basis, with an AEBITDA margin of 37.2%. Revenues reached €242.5m, a 2.9% decline reported but broadly stable when adjusted for FX movements. Operating Cash Flow increased to €86.4m,…
The post INTRALOT reports resilient 9M25 performance amid FX pressure appeared first on G3 Newswire.