Allwyn International has released its financial results for Q2 2025, posting strong revenue and EBITDA growth while executing key moves in debt management and strategic expansion across European markets.
📊 Q2 2025 Key Financial Highlights
- Total Revenue: €2,274 million
↳ +6% year-over-year on a reported basis
↳ +9% growth when excluding prior-year one-off gains - Adjusted EBITDA: €362 million
↳ +6% year-over-year - Online Gross Gaming Revenue:
↳ +16% year-over-year
↳ Now represents 42% of total GGR (up from 38% in Q2 2024) - Equity method investees’ profit contribution:
↳ +54% year-over-year
↳ Primarily driven by the strong performance of Betano
🇬🇧 UK Market Momentum
The UK National Lottery transition continues to deliver results. In Q2, UK GGR rose 14% year-over-year (adjusted, constant currency), fueled by strong EuroMillions jackpot cycles and extensive technology upgrades. More than 30 new systems went live post-quarter, including:
- A new central lottery system
- New terminals rolled out to ~8,000 retail partners
This represents one of the largest lottery infrastructure transitions in history.
🌍 International Developments
- Italy:
- Allwyn’s LottoItalia consortium was awarded a 9-year Lotto license through 2034
- Allwyn’s share of the license fee: €2.23 billion
- Germany:
- Acquired 25.1% stake in Next Lotto GmbH
- Greece & Cyprus:
- Acquired the remaining 15.51% of Stoiximan, fully consolidating the leading online operator
- Selected for next Hellenic Lotteries concession tender
💸 Capital Restructuring and Shareholder Updates
- Debt Optimization:
- Finalized a new €2.15 billion Senior Facilities Agreement
- Issued €600 million in 4.125% senior secured notes (due 2031)
- Purpose: reduce financing costs and extend maturity
- New Shareholder:
- J&T ARCH INVESTMENTS SICAV acquired a 4.27% stake for €500 million from KKCG Group AG
🚀 Strategic Outlook
With online revenue growing double digits, major tech transitions completed in the UK, and lottery licenses secured or pursued across Europe, Allwyn is positioned for sustained multi-market growth through the rest of 2025 and beyond.