Summary
- Intralot announced a significant rise in revenue in its Q1 2025 financial report.
- The company reported strong operating cash flow.
- Sokratis P. Kokkalis, the Chairman of Intralot, expresses his enthusiasm about the recent results.
Intralot, a top provider of gaming solutions and operator services, has issued a new trading update. On Friday, the company released its report for the first quarter of 2025, noting impressive revenue growth and robust EBITDA performance.
The company started 2025 with solid results
According to Intralot's latest report for the three-month period ending March 31, 2025, revenue surged to €94.4 million. Compared to the same period last year, revenue increased by 10.9% in the first quarter. As expected, Intralot posted robust EBITDA results, reaching €30.2 million in Q1, reflecting a 0.3% year-over-year rise. Conversely, the Adjusted EBITDA for the first quarter stood at €130.8 million, a performance described by the company as consistent with FY2024 levels in a recent statement. Significantly, Intralot's operating cash flow saw a substantial rise in the first quarter of this year. The company reported €48.9 million in operating cash flow, demonstrating a €21.8 million increase compared to the same period in 2024.
Intralot achieved several important objectives
Sokratis P. Kokkalis, Chairman of Intralot, stated: Intralot’s first-quarter 2025 results feature revenue growth, generation of free cash flow, stable profitability, and continued debt reduction, which has brought our net debt leverage ratio to 2.4x. Additionally, he highlighted recent strategic achievements by the company. In early April, Intralot's subsidiary in New Zealand partnered with the country's Department of Internal Affairs (DIA). Together, they signed a six-year contract extension, with an option for an additional year, to deliver Intralot's Electronic Monitoring System (EMS) solution for Class 4 non-casino electronic gaming machines. This partnership is set to continue through 2032, with the possibility of a further year extension. Later in April, Intralot expanded its presence in the United States. This was accomplished through its US subsidiary, Intralot, Inc., which collaborated with the New Hampshire Lottery Commission. This seven-year partnership ensures that Intralot will continue providing the Commission with its cutting-edge technology and services until September 2033. Founded in 1992, the gaming solutions provider and operator is active in 39 jurisdictions worldwide. Employing nearly 2,000 people globally, Intralot is committed to delivering quality and innovative solutions tailored to the needs of its clients in the lottery and gaming sectors. These services also help generate funds for charitable causes.
