Allwyn International together with its subsidiaries, joint ventures and associates, announces its preliminary unaudited financial results for the three months ended 31 March 2025 and provides an update on recent developments and current trading.

Total Revenue of €2,243.0 million in Q1 2025, +6% YoY; Revenue from gaming activities (GGR) +7% YoY. Adjusted EBITDA of €362.3 million, +1% YoY, reflecting additional costs as a result of simplification of corporate structure. Consolidated Net debt/Adjusted EBITDA of 2.0x as of 31 March 2025.

Robert Chvatal, Allwyn CEO, commented: “I am very pleased to report a good start to 2025, with the continued successful execution of our growth strategies sustaining the positive momentum from our record performance in 2024.

Total Revenue increased 6% year-on-year reflecting growth in the digital channel, in addition to further enhancements to our proposition, as we constantly seek to elevate the player experience. It was also a winning quarter for our players, with a record €250 million EuroMillions winner in Austria, and in Greece not only the largest ever Tzoker jackpot, but also the first winner of Eurojackpot Extra, which launched in the final quarter of last year.

We delivered solid profitability, with good growth in Austria and Greece and Cyprus in addition to a strong performance from our equity method investees contributing to Adjusted EBITDA growth of 1% year-on-year, which also reflects this being the final quarter in which the prior UK National Lottery licence contributed to profitability in the comparative period.

We were delighted that the LottoItalia consortium was successful in being proposed for the next nine-year licence to run the iconic Italian Lotto, after the end of the quarter. We look forward to continuing to work together with our partners to deliver for players and all stakeholders, while also supporting responsible play. Also after the end of the quarter, we acquired a minority interest in Next Lotto, a licensed online reseller of draw-based games offered by state lotteries across Germany, further expanding our geographic footprint.

Lastly, we continued to diversify and optimise our capital structure in the first quarter. In February, we successfully repriced our USD 450 million Term Loan B facility, lowering the margin, while also increasing its size by USD 100 million. In March, we completed our debut transaction in the EUR institutional Term Loan B market, raising €475 million with a maturity of seven years, while also upsizing our USD Term Loan B by a further USD 75 million. These transactions further optimise our cost of funding and maturity profile, as well as adding access to a new pool of capital, and we are grateful for the continued support of our investors.

Overall, I am pleased with the start of the year and believe we are well-placed for the remainder of the 2025. As always, I look forward with excitement to what the future holds for Allwyn, as we continue to focus on delivering our strategy.”