Add Q4 Slowdown Dampens OPAP's 2026 As Firm Enters Allwyn Era
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<br>OPAP has actually published its last full-year monetary statement as a standalone entity, with the Greek gaming group now part of the brand following the conclusion of the duo's merger.<br>
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<br>The previously state-owned sports wagering and lottos company released its full monetary results for 2025 today, exposing gross video gaming earnings (GGR) of EUR2.4 bn (₤ 2bn) across the full 12 months of the year - 4.9% more than the EUR2.29 bn the year prior.<br>
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<br>This growth was attributed to a strong efficiency throughout both retail and online verticals, with sports wagering sticking out as the 2nd largest profits generator. [Betting profits](https://sillystamp.com/adamgarrick551) was available in at EUR782.2 m - up 1.4% on EUR771.6 m the year prior.<br>
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<br>The very same might be stated for other verticals, with earnings from lottery games - the biggest section in general for OPAP given the company is the operator of the Greek National Lottery - increasing 3.7% from EUR774.8 m to EUR803.7 m. Revenue from [video lotto](https://cuvio.com/Galleria-Foto/emodule/7396/eitem/284) terminals (VLTs) likewise rose 6% from EUR344.7 m to EUR365.5 m.<br>
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<br>"FY 2025 was a highly effective year for OPAP, marked by a new GGR record, which resulted in the delivery of our outlook," stated Jan Karas, [OPAP's Chief](http://server.ayaojies.com.cn3000/francescochild) Executive Officer.<br>
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<br>"The outcomes of 2025 were mainly driven by the extraordinary performance of Tzoker, the solid growth of KINO, and the continuing expansion of the iGaming vertical.<br>
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<br>"In addition, online activities concluded the year with a 32% contribution to [OPAP's GGR](http://www.tronc27.fr/tracking/cpc.php?civ&cp&email&ids=1484&idv=1676&nom&prenom&redirect=https://pizpirileta.com/hello-world) - the highest in the last 4 quarters - while our iLottery proposal continued acquiring momentum.<br>
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<br>"Moreover, the highlights of Q4 '25 include the robust performance of VLTs and the outstanding development of PowerSpin, which recorded a 27% boost."<br>
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<br>Q4 downturn<br>
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<br>The [successes](https://granadapedia.wikanda.es/wiki/Usuario:FayBosanquet) of the complete fiscal year were not rather fully reproduced in Q4, however, with the exact same quarter being when OPAP agreed its multi-billion merger with Allwyn.he multinational lotto group had actually already been a major investor in the firm for some time.<br>
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<br>Q4 income rose partially across the board, up 0.6% year-on-year from EUR647.8 m to EUR652m. It appears that online video gaming and VLTs were a crucial driver of this in the last quarter.<br>
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<br>Online casino income was up 16.2% from EUR85.1 m to EUR98.9 m, a trend likewise seen throughout the year with profits from the section rising 0.7% over the 12 months from EUR105.1 m to EUR105.7 m.<br>
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<br>On the other hand, all other sections saw revenue fall during the final quarter of the year - lottery earnings by 2.6% to EUR196.4 m (Q4 2024: EUR201.7 m), wagering profits by 4.9% to EUR224.4 m (EUR236m) and immediate and passives profits by 4.9% to EUR28.6 m (EUR30m).<br>
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<br>The photo regarding success also remains mixed. Overall, OPAP stayed a lucrative company in 2025, gaining the benefits of its dominant market position in Greece across both lotteries and betting.<br>
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<br>Overall gross earnings for 2025 rose 5.1% to EUR1bn (EUR969.7 m) and by 0.4% in the last quarter to EUR278.4 m (EUR277.2 m). The image changes when net earnings is factored in - dropping 0.5% to EUR483.4 m (EUR485.8 m) for FY25 and 16.2% to EUR122.2 m (EUR145.8 m) for Q4.<br>
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<br>The same is real of EBITDA, with the full year figure down 0.9% to EUR824.6 m (EUR832m) and 13.5% to EUR212m (EUR245.1 m) in Q4. OPAP has attributed the declines in both net revenue and EBITDA to greater interest, marketing and payroll costs.<br>
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<br>Allwyn ambitions<br>
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<br>Nonetheless, the firm remains lucrative and following the merger with Alwyn is now part of the world's largest publicly noted lottery game company and among the largest publicly traded gaming companies in general - along with the similarity Flutter Entertainment and Las [Vegas Sands](http://duberfly.com/not-the-duber-knot/).<br>
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<br>The company also finds itself competing in a new period for Greek gaming, with the federal government having revealed just yesterday an enthusiastic plan to handle the black market in the country.<br>
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<br>As it progresses with 2026 trading, OPAP has actually begun embracing a few of the same [objectives](https://gratisafhalen.be/author/gonzalo45e5/) as its new moms and dad group, Allwyn. The company has actually put five goals at the heart of its branding - trust, [neighborhood](https://my.playfre.com/chanacranwell4) connections, home [entertainment](https://date.ainfinity.com.br/@hugo92q2904050) and enjoyable, innovation, and providing back to society.<br>
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