Intralot announced that its revenues reached 242.5 million euros in the nine-month period, a 2.9% decline year-on-year, but were broadly stable on a constant currency basis (+0.3%).
AEBITDA performance remained resilient at 90.1 million, lower by 1.6% year-on-year (+2.4% on a constant currency basis), with a solid 37.2% margin.
Operating Cash Flow increased to 86.4 million euros, representing a 5.9% improvement compared to the same period last year.
Group CAPEX totaled 20.4 million euros, according to the statement.
Group Cash, including restricted cash, stood at 88.3 million euros while Adjusted Net Debt reached 298.8 million euros, significantly decreased by 56.9 million euros since December 2024.
INTRALOT’s Chairman Sokratis P. Kokkalis noted: “INTRALOT has recently completed a transformative transaction acquiring Bally’s International Interactive and refinancing all its maturing debt with a long-term capital structure that lays the foundations for both organic and inorganic growth in the new era. I would like to thank Bally’s Chairman Soo Kim for his partnership and welcome Robeson Reeves as CEO of the enlarged Group.”
On his part, INTRALOT’s CEO Robeson Reeves stated: “INTRALOT’s nine-month results as a standalone company show that it has been on track to deliver its goals for 2025, weathering strong FX headwinds. Similarly, Bally’s International Interactive has been on track with its stated guidance in the same period having delivered around 548 million euros in revenue with a hefty 43% AEbitda margin for Q3. Our guidance for full-year 2025 proforma the two entities annualized is expected in the area of 1,070 million euro revenues and 435 million in adjusted Ebidta, i.e. a combined margin of 40.65%. Yesterday the UK government revised gaming taxes by increasing remote gaming duty from 21% to 40% beginning April 2026. This was higher than anticipated but we are going to follow the aggressive mitigation scenarios. We still intend to deliver growth in the wagers accepted which combined with generosity reductions, marketing reductions and accelerated synergies will limit the tax increase impact and will only delay our growth plan by a year. We would therefore revise our 2026 EBITDA guidance in the range of 420-440 million. Such tax increases have happened periodically in our markets and, historically, have led to market consolidation and market share growth for companies like Bally’s who have higher margins than other peers.”
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