Bally’s Intralot (RIC: BYLOTr.AT, Bloomberg: BYLOT GA) (the “Group”) announces its financial results for the three-month period ended March 31, 2026:
- Grouprevenue of €268.1 million for the first quarter of 2026, as a result of the consolidation of Bally’s International Interactive (‘BII’).
- Adjusted EBITDA (AEBITDA) for the first quarter of 2026 at €100.2 million, with the margin standing at 37.4%.
- The consolidation of BII added €183.9 million to the Group’s revenue and €72.7 million to AEBITDA (39.5% AEBITDA margin).
- The pro-forma performance of the consolidated entity for the twelve-month period stands at revenue of €1,062.9 million and AEBITDA of €427.2 million, corresponding to a margin of 40.2%, in line with forecasts and estimates.
- Total liquidity amounted to €417.3 million as of March 31, 2026, consisting of cash and cash equivalents of €257.3 million (excluding restricted deposits) and a €160 million revolving credit facility, which remains fully undrawn.
- Adjusted Net Debt stood at €1,493.1 million at the end of the first quarter of 2026, with the Adjusted Net Leverage Ratio, on a pro-forma basis, at 3.50x.
- On May 25, 2026, Bally’s Intralot S.A. announced the signing of a new contract with Hellenic Lotteries S.A., a member of the Allwyn Hellas Group (formerly OPAP), for the implementation of its leading lottery technology solutions. The contract has a duration of 12 years and took effect on May 2, 2026.
Robeson Reeves, CEO of the Bally’s Intralot Group, stated:
“The first quarter of 2026 marks a strong start to the year for Bally’s Intralot and demonstrates the growing profitability of our platform. The Group’s revenue reached €268.1 million, while AEBITDA stood at €100.2 million, with a margin of 37.4%, marking a significant improvement of 5.8 percentage points compared to last year.
Our online business in the UK continued its strong performance, recording growth of 10.5% on a constant currency basis for the quarter, while preliminary April revenue increased further by 11.5%. On a pro-forma basis for the twelve-month period, the consolidated group reported revenue of €1.06 billion and EBITDA of €427 million, with a margin of 40.2%, in line with our estimates.
Liquidity remains strong at €417 million. Looking ahead, the increase in the gaming tax from 21% to 40% has altered the dynamics of the UK market. Tax increases of this nature have been implemented periodically in the markets where we operate and have historically led to industry consolidation, favoring providers with higher profit margins such as Bally's Intralot, through an increase in their market share.
In this context, Bally’s Intralot is exploring an emerging opportunity related to evoke, which we are actively pursuing and will be able to provide further details on in the coming days.”
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