Revenue Surges 10.9% Year-on-Year to €94.4 Million
Global gaming and lottery technology provider Intralot has reported a strong start to 2025, posting a 10.9% year-on-year revenue increase in the first quarter, according to its latest financial results for the period ending 31 March 2025.
Total group revenue rose to €94.4 million, up from the previous year, reflecting broad-based strength across lottery and sports betting segments, particularly in Argentina, Turkey, and Oceania.
Gross gaming revenue also climbed 8.3% to €88.5 million, with the payout ratio slightly increasing to 63.3%, indicating healthy player returns while maintaining operational margins.
EBITDA Stability and Cash Flow Acceleration
Despite global inflationary pressures, EBITDA held steady at €30.2 million, showcasing the company’s consistent performance and disciplined cost controls.
More notably, operating cash flow surged by 80.4% year-on-year to €48.9 million, reflecting improved working capital management and operational efficiency.
Capital expenditure fell to €5.6 million from €6.8 million a year earlier, while operating expenses increased modestly by 3.7% to support revenue growth.
Focus on Debt Reduction Strengthens Financial Position
Intralot has also made meaningful progress in deleveraging. Adjusted net debt decreased to €316.5 million, a reduction of €39.2 million since December 2024. The company’s net leverage ratio improved to 2.4x, down from 2.7x, aligning with its stated goal of strengthening its balance sheet.
Global Contract Wins Signal Commercial Momentum
Chairman Sokratis P. Kokkalis highlighted the company’s forward momentum in both financial performance and strategic partnerships.
“Intralot’s 1Q2025 results are characterised by revenue growth and free cash flow generation combined with stable profitability and continuing debt reduction,” he noted.
He also announced multi-year contract renewals in key international markets — New Zealand through 2032 and New Hampshire through 2033. The New Hampshire deal marks a technological milestone, with the state becoming the first in the U.S. to deploy Intralot’s Lotos X central lottery platform, known for its advanced digital capabilities.
Outlook: Positioned for Continued Growth
With a growing portfolio of long-term contracts, expanding technology offerings, and improved financial metrics, Intralot appears well-positioned to maintain momentum through 2025. The combination of stable profitability and reduced leverage underscores its readiness to capitalise on global lottery and gaming market opportunities.
