Allwyn International reports 6% revenue growth in Q2 2025

• Allwyn International achieved total revenue of €2.27 billion in Q2 2025, representing 6% year-on-year growth
• The company completed one of the largest lottery transitions ever delivered, bringing over 30 new systems online for the UK National Lottery
• Net debt to adjusted EBITDA ratio improved to 2.3x following new €2.15 billion financing agreement and €600 million senior secured notes issuance

Allwyn International, the gaming and lottery operator, reported total revenue of €2.27 billion for the second quarter of 2025, marking a 6% increase compared to the same period last year. The company also achieved adjusted EBITDA of €362 million, up 6% year-on-year.

The Swiss-domiciled company, which operates lottery and gaming services across Austria, Czech Republic, Greece, Cyprus, and the United Kingdom, saw particularly strong performance in its UK operations with 14% growth on an adjusted constant currency basis.

Digital channels continued to drive expansion, with online gross gaming revenue increasing 16% year-on-year to represent 42% of total gross gaming revenue.

“I am very pleased to report another quarter of strong financial performance following our strong first quarter, reflecting continued successful execution of our growth strategies,” said Robert Chvatal, Allwyn CEO.

The company achieved significant operational milestones during the quarter, including the successful transition of the UK National Lottery to new systems. Following the end of the quarter, Allwyn brought over 30 new systems online, including a new central lottery system and activated new terminals for around 8,000 retail partners.

“This was one of the largest lottery transitions ever delivered,” Chvatal noted, referring to the UK National Lottery transformation that has been a key strategic priority for the company.

Allwyn’s expansion strategy continued with the LottoItalia consortium’s success in securing the Italian Lotto licence tender. The company holds a 32.5% stake in the consortium, which won the nine-year licence running until 2034. In July 2025, the consortium paid the first instalment of €500 million for the licence fee.

The company also strengthened its position in Greece and Cyprus through OPAP’s acquisition of the remaining 15.51% minority interest in Stoiximan, the leading online sports betting and iGaming operator in the region, for €201 million in August 2025.

Regional performance showed Austria achieving 4% revenue growth to €419 million, driven by strong numerical lotteries and double-digit growth in instant lotteries. The Czech Republic delivered 8% revenue growth to €135 million, whilst Greece and Cyprus achieved 4% revenue growth to €583 million.

Allwyn optimised its capital structure through significant financing activities. The company entered into a new €2.15 billion Senior Facilities Agreement and issued €600 million of 4.125% senior secured notes due 2031. These transactions delivered material cost savings and extended the company’s maturity profile, with the margin on key facilities 150 basis points lower than the refinanced facility.

“These transactions were underpinned by our strong operational and strategic momentum, as well as marking continued progress in our proactive balance sheet management,” Chvatal explained.

The company welcomed J&T ARCH as a new shareholder following their acquisition of a 4.27% stake in August 2025 for €500 million. After the transaction, KKCG’s interest in Allwyn remains at 95.73%.

Looking ahead, Allwyn reported that trading since the start of 2025 has been broadly in line with expectations. The company noted that macroeconomic factors have had limited impact on demand for its products, reflecting their low price point and large base of regular players.

“Overall, I am very pleased with our continued progress and believe we are well-placed for the remainder of 2025 and the next chapters of our growth story,” Chvatal concluded.