Key points:
- Intralot achieved a 10.9% year-on-year revenue increase, reaching €94.4m in Q1 2025
- The company secured multi-year contract renewals in New Zealand and New Hampshire
Financial overview
Intralot has announced its financial results for the first quarter ended 31 March 2025, reporting solid revenue growth and strong cash flow generation.
Revenue breakdown
Group revenue rose to €94.4m, representing a 10.9% increase compared with the same period in 2024. EBITDA remained stable at €30.2m, supported by consistent operational performance across key markets. Operating cash flow increased significantly by 80.4% year-on-year to €48.9m, demonstrating strong liquidity.
Lottery games accounted for 55.2% of total revenue, with sports betting contributing 25%. Similar results were reported in Argentina, Turkey, and Oceania.
Notable figures
Capital expenditure for Q1 2025 was €5.6m, down from €6.8m in Q1 2024. Operating expenses rose by 3.7% to €27.9m to support revenue growth.
Adjusted net debt decreased to €316.5m, down by €39.2m since December 2024. The adjusted net leverage ratio improved to 2.4x from 2.7x at the end of 2024, reflecting the company’s focus on debt reduction.
Good to know: Gross gaming revenue increased by 8.3% to €88.5m, with a slight rise in payout ratio to 63.3%
Comments
Sokratis P. Kokkalis, Intralot Chairman stated: “Intralot’s 1Q2025 results are characterised by revenue growth and free cash flow generation combined with stable profitability and continuing debt reduction, resulting in net debt leverage ratio of 2.4x.
“On the commercial front the company renewed key contracts in New Zealand through 2032 and New Hampshire through 2033, with the latter becoming the first US State to install our new central lottery platform Lotos X with its advanced functionalities”
Intralot’s first quarter financial results position the company well for continued progress throughout 2025.
