International gaming technology company Intralot has released its financial report for the first quarter of 2025, showing that as of March 31, the company's revenue increased by 10.9% year-on-year, reaching 94.4 million euros, demonstrating strong business momentum and financial health.
Financial Highlights
Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first quarter were 30.2 million euros, remaining stable;
Operating cash flow increased by 80.4%, reaching 48.9 million euros, significantly enhancing liquidity;
Lottery games contributed 55.2% of total revenue, sports betting contributed 25%, and markets in Argentina, Turkey, and Oceania continued to perform well;
Total gaming revenue reached 88.5 million euros, an increase of 8.3% year-on-year, with a slight increase in the payout rate to 63.3%.
Cost and Debt Management
Intralot also performed well in cost control. Capital expenditures decreased from 6.8 million euros in the same period last year to 5.6 million euros, while operating expenses rose moderately to 27.9 million euros (+3.7%) to support growth. Meanwhile, adjusted net debt was reduced to 316.5 million euros, down 39.2 million euros from the end of 2024, and the net leverage ratio decreased from 2.7 to 2.4, reflecting the company's ongoing efforts in robust deleveraging.
Strategic Achievements and Outlook
The company also successfully renewed long-term contracts in several key markets:
Renewed cooperation agreement with New Zealand until 2032;
Renewed agreement with New Hampshire, USA, until 2033, which will become the first region in the USA to deploy Intralot's new generation central lottery platform, Lotos X.
Intralot Chairman Sokratis P. Kokkalis commented:
"Our strong performance in the first quarter of 2025 reflects revenue growth, a rebound in free cash flow, stable profitability, and continued debt reduction. The renewal of long-term contracts further strengthens our position in regulated markets."
With a stable core business and strategic cooperation agreements, Intralot has laid a solid foundation for further development in 2025.
