Allwyn International Q1 2025 Preliminary Unaudited Financial Results and Update on Current Trading

Allwyn International Q1 2025 Preliminary Unaudited Financial Results and Update on Current Trading

Allwyn International AG (“Allwyn” or the “Company”, and, together with its subsidiaries, joint ventures and associates, the “Group” or “we”) announces its preliminary unaudited financial results for the three months ended 31 March 2025 and provides an update on recent developments and current trading.

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• Good start to 2025 with sustained momentum in execution of growth strategies, including LottoItalia’s success in tender for next nine-year licence
• 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
• Further optimisation of capital structure with debut EUR Term Loan B in addition to repricing of and add-on to USD Term Loan B

Selected consolidated financial data (Q1/Q1)

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.”

Disclaimer

This document does not represent an offer, constitute or form part of, and should not be construed as an advertisement, an offer or an invitation to subscribe for or to purchase securities of the Company or its subsidiaries or affiliates from time to time. The preliminary unaudited results for three months ended 31 March 2025, are an estimate, based on information available to management as of the date of this release, and are subject to further changes upon completion of the Company’s standard quarter and year-end closing procedures. This update does not present all necessary information for an understanding of the Group’s financial condition as of the date of this release, or its results of operations for the three months or for the period ended 31 March 2025. As the Company completes its quarter-end financial close process and finalises its financial statements for the quarter, it will be required to make significant judgments in a number of areas. It is possible that the Company may identify items that require it to make adjustments to the financial information set forth above and those changes could be material. The Company does not intend to update such financial information prior to release of its first quarter financial statements.

We present certain unaudited pro rata financial information. The unaudited pro rata financial information included in this document has been prepared by the Company’s management. The unaudited pro rata financial information is not intended to, and does not represent, historical or future performance for any period.

This announcement does not form, and should not be construed as, the basis of any credit analysis or other evaluation, an investment or lending recommendation, advice, a valuation or a due diligence review. This announcement may include forward-looking statements regarding certain of our plans and our current goals, intentions, beliefs and expectations concerning, among other things, our future results of operations, financial condition, liquidity, prospects, growth, strategies, pending acquisitions or other transactions, financing plans and the industries in which we operate. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as “may,” “could,” “should,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “assume,” “believe,” “plan,” “seek,” “continue,” “target,” “goal,” “would” or their negative variations or similar expressions identify forward-looking statements. By their nature, forward-looking statements are inherently subject to risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Please refer to “Risk Factors” in Allwyn’s Annual Report and Accounts 2024 for risks and uncertainties relating to the Company, its subsidiaries and its equity method investees. We caution you that forward-looking statements are not guarantees of future performance and that the Group’s actual results of operations, financial condition and liquidity and the development of the industries in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if our results of operations, financial condition and liquidity and the development of the industries in which we operate are consistent with the forward-looking statements contained in this document, those past results or developments may not be indicative of results or developments in future periods.

We do not undertake any obligation to review, update or confirm expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this document.

No warranty or representation of any kind, express or implied, is or will be made in relation to, and to the fullest extent permissible by law, no responsibility or liability in contract, tort, or otherwise is or will be accepted by us or any of our directors, officers, employees, advisers or agents, or any other party as to the accuracy, completeness or reasonableness of the information contained in this announcement, including any opinions, forecasts or projections. Nothing in this document shall be deemed to constitute such a representation or warranty or to constitute a recommendation to any person to acquire any securities. Any estimates and projections in this announcement were developed solely for our use at the time at which they were prepared and for limited purposes which may not meet the requirements or objectives of the recipient of this announcement. Nothing in this document should be considered to be a forecast of future profitability or financial position and none of the information in the document is or is intended to be a profit forecast or profit estimate. The financial statements included in this announcement have not been subject to any review or audit process by our independent auditors and may be subject to change after a review or audit process.

We are not providing advice (whether in relation to legal, tax or accounting issues or otherwise). You should receive legal, tax, accounting and any other necessary advice from your advisors in relation to the contents of this announcement.

This announcement has not been approved by any regulatory authority and does not represent financial statements within the meaning of applicable Swiss, Czech or other law.

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