Allwyn International, a powerhouse in the international lottery sphere, has released its preliminary unaudited financial outcomes for the second quarter of 2025, capturing the three months ending June 30, 2025. The report revealed a robust performance in most areas, though a notable decrease was observed in the company’s operating EBITDA.
For the second quarter, Allwyn reported total revenue of EUR 2.27 billion ($2.67 billion), which represented a 6% rise compared to the same period last year when revenue was EUR 2.14 billion. Upon adjusting for a one-off benefit from the previous year, this growth amounts to an impressive 9% increase. The company’s Gross Gaming Revenue (GGR), a key component of the total revenue, reached EUR 2.18 billion ($2.56 billion), also marking a 6% year-on-year growth.
Adjusted EBITDA, however, showed a solid performance with a 6% increase, reaching EUR 362 million ($425.1 million) and slightly improving the adjusted EBITDA margin to 36.4%. Despite these positive figures, Allwyn’s operating EBITDA saw an 8% decline, falling from EUR 327 million in Q2 2024 to EUR 301 million ($353.46 million) in Q2 2025.
The company’s capital expenditure during this quarter grew by 11% to EUR 62 million ($72.8 million), reflecting its ongoing investment in growth and infrastructure. Additionally, Allwyn recorded a 6% increase in adjusted free cash flow, reaching EUR 300 million ($352.3 million).
Strategically, Allwyn enhanced its capital structure with a new EUR 2.15 billion ($2.52 billion) Senior Facilities Agreement and floated EUR 600 million ($704.6 million) in senior secured notes post-Q2. This maneuver aims to optimize the company’s funding costs and extend its debt maturity profile, positioning it better for future financial stability.
Reflecting on the quarter, Robert Chvatal, CEO of Allwyn, expressed his satisfaction with the performance. He noted that the revenue increase was driven by strong top-line growth across key markets and successful digital strategies. The adjusted EBITDA results, he said, were particularly encouraging, highlighting solid profitability in Austria, Greece, and Cyprus.
In the UK, Allwyn is in the midst of modernizing the National Lottery, a project that Chvatal views with optimism. This initiative represents a significant opportunity for the company as it continues to expand its footprint in the region.
Chvatal also welcomed J&T ARCH as a new shareholder, following their EUR 500 million investment for a 4.27% stake in the company in August. This new partnership is anticipated to strengthen Allwyn’s financial backing and support future growth endeavors.
While Allwyn celebrated its achievements, the company acknowledged the challenges that lie ahead. The gambling industry faces increasing regulatory scrutiny and evolving market dynamics that could impact future growth. However, Allwyn remains confident in its strategic direction and capacity for adaptation.
Skeptics, however, may point to the declining operating EBITDA as a potential red flag, suggesting that while revenue growth is commendable, the company must address the efficiency of its operations to sustain long-term profitability. In particular, managing costs and optimizing operations will be crucial as the company navigates the competitive and regulatory landscapes.
As the year unfolds, Allwyn is poised to continue its trajectory of growth, supported by strategic investments and market expansion. The second half of 2025 will be critical as the company seeks to build on its recent successes and address the challenges identified.
Overall, this quarter’s performance paints a picture of a company that is not only growing but is also strategically maneuvering to ensure sustained success. Chvatal concluded that the progress made so far in 2025 lays a solid foundation for the remainder of the year and beyond, as Allwyn continues to write new chapters of its growth narrative.
David Harrison stands tall in gambling journalism, marrying his firsthand casino experiences with a deep understanding of betting psychology. His articles transform complex gambling jargon into engaging tales of strategy and chance, making the world of betting accessible and enjoyable. David’s knack for narrative extends beyond print, making him a sought-after speaker on gambling trends and future bets. In the realm of gambling, David is both a scholar and a storyteller, captivating readers and listeners alike.
