Intralot H1 2025 results: Net CAPEX up 21.7%; revenue totals €168m
Revenue grew 1.7%, while capital expenditure grew 21.7%.
Key points:
– Intralot posted €168m in H1 revenue
– Despite this, net CAPEX was also up, totalling €14.2m
– Q2 results were also posted, with revenue down 4.8% year-on-year
– Results come as Intralot gears up to acquire Bally’s International Interactive business
Intralot has released its financial results for the first half of 2025.
In total, revenue came to €168m ($196.2m), up 1.7% year-on-year, while EBITDA came to €60.2m, up 1.2%.
Reorganising expenses reduced from €1.3m to €0.4m, with total operating expenses down 13.6% to € 7.5m. However, EBT saw a 61.4% increase, from €6.1m to €9.8m.
Overall, adjusted net debt reduced from €338.2m to €303m, and net capital expenditure (CAPEX) came to €14.2m, reflecting a year-on-year increase of 21.7%.
Revenue by segment
Of the €168m revenue total, lottery games made the most significant contribution, generating 53%, followed by sports betting with 22%. Video lottery terminals and IT products and services accounted for the remaining 25%, making 12.8% and 12.2% of the total, respectively.
Meanwhile, B2B/ B2G operations accounted for 95.1% of the €168m total, with just 4.9% of revenue coming from B2C operations.
Tech and support services were up 2.4% year-on-year to €2.9m, with the US driving a lot of this improvement. Argentina and Croatia also saw year-on-year development, with Argentina specifically experiencing a 32% increase in licensed operations (B2C) revenue to €2m, or a 91.4% increase in local currency terms
Management (B2B/B2G) contracts, primarily from Turkish operations, were down 5.9% year-on-year to €2.2m.
Q2 results
Q2 results varied slightly from H1, with Q2 revenue down 4.8% while EBITDA grew 2.2%. EBT grew significantly year-on-year, from €0.7m to €6.2m, though net CAPEX increased at a far greater rate, up 78% to €8.6m.
Good to know: Intralot is set to acquire Bally’s International Interactive business for €2.7bn by the end of 2025
Comments
On the results, Chairman Sokratis P. Kokkalis said: “Intralot’s results for the first half of 2025 reflect stable financial performance in terms of revenue and operating profitability, strengthened cash flows and a significant reduction in debt and leverage. At the same time, Intralot has announced a pivotal strategic decision to acquire Bally’s International Interactive, which will transform the company by enhancing its growth capabilities in the modern digital environment and substantially expand its financial scale”
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