Allwyn second-quarter revenue tops €2.2bn
Allwyn International together with its subsidiaries, joint ventures and associates announces its preliminary unaudited financial results for the three months ended 30 June 2025 and provides an update on recent developments and current trading.
Strong growth momentum and successful execution of growth strategy continued in the second quarterTotal Revenue of €2,274 million in Q2 2025, +6% YoY on a reported basis; +9% YoY adjusting for a one-off benefit in the prior year.
Robert Chvatal, Allwyn CEO, commented: “I am very pleased to report another quarter of strong financial performance following our strong second quarter, reflecting continued successful execution of our growth strategies.
Total Revenue increased 6% year-on-year in the second quarter on a reported basis, in line with our growth rate in the second quarter, and 9% year-on-year excluding a one-off benefit to GGR in the comparative period. We once again saw good top-line performance across our markets and products, with particularly strong growth of 14% year-on-year in the UK (on a constant currency basis and adjusted for the one-off benefit in the prior period).
This excellent performance reflected our focus on growth in the digital channel, alongside the dedication of our teams across markets to enhancing the customer proposition and the player experience. As always, we delivered this growth while maintaining our commitment to player safety and upholding our responsibilities to all stakeholders.
We achieved good profitability growth, with Adjusted EBITDA increasing 6% year-on-year, supported by solid performances in Austria and Greece and Cyprus in addition to another quarter of strong growth from our significant equity method investees. Normalising for certain changes in our corporate functions as a result of our redomiciliation to Switzerland last year, Adjusted EBITDA increased by 12%.
After the end of the quarter, we are delighted to have reached a key milestone in our strategy to transform The National Lottery in the UK, successfully bringing over 30 new systems online, including transitioning to a new central lottery system, as well as activating new terminals for around 8,000 retail partners. This was one of the largest lottery transitions ever delivered.
With respect to our inorganic growth strategy, we are pleased with the LottoItalia consortium’s success in the Italian Lotto licence tender and look forward to continuing our collaboration with our partners to deliver for our stakeholders through to 2034. In Greece, we have been selected to participate in the tender to run the next Hellenic Lotteries concession (which covers instant games) starting in 2026, and we are delighted to have acquired the remaining minority interest in Stoiximan, the leading online operator in Greece and Cyprus.
After the end of the quarter, we agreed a new €2.15 billion Senior Facilities Agreement and issued €600 million of 4.125% senior secured notes due 2031. These transactions were underpinned by our strong operational and strategic momentum, as well as marking continued progress in our proactive balance sheet management: they deliver material cost savings and further extend our maturity profile, and demonstrate the sustained support we receive from both the credit markets and our banking partners.
Lastly, we welcome J&T ARCH (2) as a new shareholder, following their acquisition of a 4.27% stake in the Company in August. This marks another important milestone for Allwyn, and we value their alignment with our strategy and confidence in our ability to deliver on our mission to become the leading global gaming entertainment company.
Overall, I am very pleased with our continued progress and believe we are well-placed for the remainder of 2025 and the next chapters of our growth story.”