Allwyn has released its preliminary unaudited financial report for the first quarter ending March 31, 2025, demonstrating robust performance growth and a positive business development trend.
In April, following the end of this quarter, the LottoItalia consortium, to which Allwyn belongs, was proposed to receive the Italian lottery operation license for the next nine years, marking a significant layout in the Italian market. Additionally, the group successfully acquired a minority stake in the German online lottery dealer Next Lotto, further consolidating its position in the European lottery market.
Financially, in the first quarter of 2025, Allwyn achieved a total revenue of 2.24 billion euros (approximately 2.44 billion US dollars), a 6% increase from the same period last year. The total gambling revenue (GGR) increased by 7% year-over-year, reaching 2.15 billion euros. Adjusted EBITDA was 360 million euros, a 1% increase from the previous year, but the EBITDA profit margin slightly decreased from 37.4% to 35.9%, mainly due to operating costs and capital structure adjustments.
As of the end of March, Allwyn's net debt to adjusted EBITDA ratio was 2.0 times. Capital expenditures were 53 million euros, an 18% increase year-over-year. Adjusted free cash flow was 310 million euros, a slight decrease of 1% year-over-year. This quarter also saw the repricing and expansion of the US dollar term loan B, along with the issuance of a 475 million euro, 7-year term loan B, optimizing the capital structure.
Allwyn's CEO, Robert Chvatal, stated: "2025 has started well, with the group continuing to execute its growth strategy, building on the record performance of 2024. The steady growth in total revenue is primarily due to the strong performance of digital channels and the continuously optimized player experience. We look forward to working with partners to promote responsible gaming development, serving more players and stakeholders."
This quarterly report follows Allwyn's full-year revenue of 8.8 billion euros in 2024, benefiting from continued growth in markets such as Austria, Greece, and Cyprus, showing the group's robust expansion momentum in the global gambling industry.
