Intralot has reported nine-month revenue of €242.5m ($280.9m), a 2.9% decrease year-on-year. The group noted that on a constant currency basis revenue was broadly stable with a 0.3% increase, reflecting resilient performance across its main markets despite adverse foreign exchange movements.
AEBITDA totalled €90.1m, representing a 1.6% decrease. On a constant currency basis the figure reflected a 2.4% increase, supported by growth in the United States, Australia and Argentina. The AEBITDA margin rose by 0.5% age points to 37.2%.
Operating Cash Flow reached €86.4m, marking a 5.9% increase. Adjusted net debt fell to €298.8m, showing a reduction of €56.9m. The adjusted net leverage ratio improved to 2.3 times, compared with 2.7 times at the end of FY24.
The period was dominated by the completion of Intralot's acquisition of Bally's International Interactive for €2.7bn. The deal brings together lottery technology, digital gaming and US interactive assets to create one of the largest listed gaming groups on the Athens Stock Exchange.
Pro forma figures based on Bally's published results show €790m in nine month revenue and €320m in EBITDA for the combined organisation.
In November, Intralot also confirmed a new ten year contract for its US subsidiary with the Arkansas Scholarship Lottery. The deal extends a partnership that began in 2009 and will take effect in August 2026.
The group also finalised changes to its Board of Directors including the appointment of former Bally's CEO Robeson Reeves as CEO.
Intralot is projecting full year pro forma revenue of about €1.1bn following the Bally's transaction
