OPAP has actually released its final full-year monetary declaration as a standalone entity, with the Greek video gaming group now part of the unified Allwyn brand name following the completion of the duo's merger.
The previously state-owned sports betting and lotteries company released its complete monetary results for 2025 this morning, exposing gross video gaming revenue (GGR) of EUR2.4 bn (₤ 2bn) across the complete 12 months of the year - 4.9% more than the EUR2.29 bn the year prior.
This development was attributed to a strong efficiency across both retail and online verticals, with sports betting sticking out as the 2nd largest income generator. Betting earnings can be found in at EUR782.2 m - up 1.4% on EUR771.6 m the year prior.
The very same might be stated for other verticals, with earnings from lotteries - the biggest section overall for OPAP provided 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 terminals (VLTs) also rose 6% from EUR344.7 m to EUR365.5 m.
"FY 2025 was an extremely successful year for OPAP, marked by a new GGR record, which resulted in the shipment of our outlook," stated Jan Karas, OPAP's Chief Executive Officer.
"The results of 2025 were generally driven by the remarkable performance of Tzoker, the strong growth of KINO, and the continuing growth of the iGaming vertical.
"In addition, online activities concluded the year with a 32% contribution to OPAP's GGR - the greatest in the last four quarters - while our iLottery proposition continued acquiring momentum.
"Moreover, the highlights of Q4 '25 consist of the robust performance of VLTs and the exceptional growth of PowerSpin, which tape-recorded a 27% boost."
Q4 slowdown
The successes of the full calendar year were not rather completely duplicated in Q4, however, with the same quarter being when OPAP agreed its multi-billion merger with Allwyn.he multinational lottery game group had actually currently been a significant shareholder in the firm for a long time.
Q4 revenue rose partially throughout 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 final quarter.
Online gambling establishment income was up 16.2% from EUR85.1 m to EUR98.9 m, a pattern likewise seen throughout the year with earnings from the segment increasing 0.7% over the 12 months from EUR105.1 m to EUR105.7 m.
On the other hand, all other segments saw profits fall throughout the last quarter of the year - lotto income by 2.6% to EUR196.4 m (Q4 2024: EUR201.7 m), wagering earnings by 4.9% to EUR224.4 m (EUR236m) and instant and passives income by 4.9% to EUR28.6 m (EUR30m).
The picture regarding profitability also stays combined. Overall, OPAP stayed a lucrative service in 2025, gaining the benefits of its dominant market position in Greece across both lotteries and betting.
Overall gross earnings for 2025 increased 5.1% to EUR1bn (EUR969.7 m) and by 0.4% in the last quarter to EUR278.4 m (EUR277.2 m). The photo modifications when net revenue 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.
The same holds true 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 earnings and EBITDA to greater interest, marketing and payroll costs.
Allwyn ambitions
Nonetheless, the company stays rewarding and following the merger with Alwyn is now part of the world's largest publicly listed lottery company and one of the largest publicly traded video gaming companies in general - alongside the likes of Flutter Entertainment and Las Vegas Sands.
The company likewise discovers itself contending in a new age for Greek video gaming, with the government having announced simply the other day an enthusiastic strategy to take on the black market in the country.
As it progresses with 2026 trading, OPAP has begun adopting a few of the exact same goals as its brand-new moms and dad group, Allwyn. The business has actually positioned five objectives at the heart of its branding - trust, connections, entertainment and fun, innovation, and providing back to society.
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Q4 Slowdown Dampens OPAP's 2026 As Firm Enters Allwyn Era
gustavoufj005 edited this page 2026-05-01 04:56:11 +08:00