Affiliate Disclosure: We may receive a commission if you sign up via links on this page (see Policy). Please Gamble Responsibly.
Global gaming solutions supplier Intralot has announced stable financial results for the first half of 2025, demonstrating modest growth and a significant reduction in debt.
The company reported total revenue of €168 million ($196.2 million), a slight increase of 1.7% year-on-year, while EBITDA saw a comparable rise of 1.2% to reach €60.2 million for the period.
A breakdown of the company’s revenue streams shows that lottery games continue to be the primary driver, contributing 53% of the total revenue.
Sports betting followed with a 22% share, while video lottery terminals and IT products and services accounted for the remaining 25%.
Operationally, Intralot’s B2B and B2G contracts represented the overwhelming majority of its business, making up 95.1% of total revenue.
Geographically, performance was bolstered by growth in technology and support services in the US market, alongside notable year-on-year development in Argentina and Croatia. Conversely, management contracts, primarily from Turkish operations, experienced a 5.9% decline.
A key highlight of the report was the company’s strengthened financial position. Intralot successfully reduced its adjusted net debt from €338.2 million to €303 million and lowered its total operating expenses by 13.6% to €7.5 million.
This financial discipline comes as the company prepares for a transformative acquisition of Bally’s International Interactive business, a deal expected to close by the end of 2025 that will significantly expand its digital footprint and financial scale.
Sokratis P. Kokkalis, Chairman, commented:
Intralot’s results for the first half of 2025 reflect stable financial performance in terms of revenue and operating profitability, strengthened cash flows and a significant reduction in debt and leverage. At the same time, Intralot has announced a pivotal strategic decision to acquire Bally’s International Interactive, which will transform the company by enhancing its growth capabilities in the modern digital environment and substantially expand its financial scale.
