Svenska Spel has reported higher net gaming revenue, increased operating profit and improved operating margin for both the fourth quarter and the full year 2025.

In light of the year’s results and the Group’s financial position, the Board of Directors proposes a dividend of SEK 1.8 billion, which is higher than the previous year.

The end of the year is characterized by continued positive earnings development and we are exceeding our financial targets for 2025. The proposed dividend to the owner of SEK 1.8 billion is an important part of Svenska Spel’s social contribution and reflects the Group’s long-term value creation, says Anna Johnson, President and CEO of Svenska Spel.

For the full year 2025, net gaming revenue amounts to SEK 7,693 million (7,573), an increase of SEK 121 million, corresponding to 2 percent, compared to the previous year. The Luck and Sport & Casino business areas report growth, while net gaming revenue for the Vegas business area decreases. Operating profit for 2025 amounts to SEK 2,539 million (2,317), an increase of SEK 222 million or 10 percent. The operating margin amounts to 33 percent (31).

During the fourth quarter, the Group’s net gaming revenue amounted to SEK 2,131 million (2,094), an increase of SEK 37 million or 2 percent compared to the same quarter last year. Growth continues to be driven by the Group’s strong product brands within both lotteries and sports and casino games.

Net gaming revenue in the Luck business area increased by 2 percent compared to the same quarter last year. The relaunch of Lotto at the end of the previous quarter contributes to the development with clear growth during the fourth quarter. Customer interest in Eurojackpot remains high, but revenue does not quite reach last year’s level due to fewer draws with high jackpots and one less draw day than in the same quarter last year. Sales of Triss Christmas calendars and Christmas lottery tickets increased compared to the previous year.

For the Sport & Casino business area, net gaming revenue increased by 2 percent compared to the same quarter last year. Growth was mainly driven by online casinos, while pool games were affected by fewer Stryktips rounds during the Christmas holidays. Sports betting under the Oddset brand has continued to develop positively, primarily due to increased customer activity. At the same time, the refund level was slightly higher, which means that overall revenue is on par with the previous year.

Net gaming revenue in the Vegas business area decreased by 9 percent compared to the same quarter last year. The business area continues to be affected by structural changes where more and more customers are choosing to play online. Development is also dampened by a difficult economic situation in the restaurant industry, which has resulted in a reduced number of business partners. This is being met with clear measures, with a focus on cost efficiency and profitable business partners.

The Group’s online business continues to increase and grows by 7 percent compared to the corresponding quarter last year. Online accounts for 62 percent (60) of the Group’s revenue during the quarter.

The Group’s operating profit increases by SEK 86 million or 16 percent to SEK 641 million (555). The outcome is positively affected by increased revenue while costs are largely in line with the same quarter last year. Profitability is strengthened and the operating margin increases to 30 percent (27) for the quarter.