Allwyn International Q2 2025 Preliminary Unaudited Financial Results and Update on Current Trading

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• Strong growth momentum and successful execution of growth strategy continued in the second quarter
• Total Revenue of €2,274 million in Q2 2025, +6% YoY on a reported basis; +9% YoY adjusting for a one-off benefit in the prior year (1)
• Adjusted EBITDA of €362 million, +6% YoY
• Net debt/Adjusted EBITDA of 2.3x as of 30 June 2025
• Further optimisation of capital structure with new €2.15 billion Senior Facilities Agreement and issuance of €600 million of senior secured notes post quarter end, optimising cost of funds and extending maturity profile

Selected consolidated financial data (Q2/Q2)

Robert Chvatal, Allwyn CEO, commented:

“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.

Total Revenue increased 6% year-on-year in the second quarter on a reported basis, in line with our growth rate in the first quarter, and 9% year-on-year excluding a one-off benefit to GGR in the comparative period. We once again saw good top-line performance across our markets and products, with particularly strong growth of 14% year-on-year in the UK (on a constant currency basis and adjusted for the one-off benefit in the prior period).

This excellent performance reflected our focus on growth in the digital channel, alongside the dedication of our teams across markets to enhancing the customer proposition and the player experience. As always, we delivered this growth while maintaining our commitment to player safety and upholding our responsibilities to all stakeholders.

We achieved good profitability growth, with Adjusted EBITDA increasing 6% year-on-year, supported by solid performances in Austria and Greece and Cyprus in addition to another quarter of strong growth from our significant equity method investees. Normalising for certain changes in our corporate functions as a result of our redomiciliation to Switzerland last year, Adjusted EBITDA increased by 12%.

After the end of the quarter, we are delighted to have reached a key milestone in our strategy to transform The National Lottery in the UK, successfully bringing over 30 new systems online, including transitioning to a new central lottery system, as well as activating new terminals for around 8,000 retail partners. This was one of the largest lottery transitions ever delivered.

With respect to our inorganic growth strategy, we are pleased with the LottoItalia consortium’s success in the Italian Lotto licence tender and look forward to continuing our collaboration with our partners to deliver for our stakeholders through to 2034. In Greece, we have been selected to participate in the tender to run the next Hellenic Lotteries concession (which covers instant games) starting in 2026, and we are delighted to have acquired the remaining minority interest in Stoiximan, the leading online operator in Greece and Cyprus.

After the end of the quarter, we agreed a new €2.15 billion Senior Facilities Agreement and issued €600 million of 4.125% senior secured notes due 2031. These transactions were underpinned by our strong operational and strategic momentum, as well as marking continued progress in our proactive balance sheet management: they deliver material cost savings and further extend our maturity profile, and demonstrate the sustained support we receive from both the credit markets and our banking partners.

Lastly, we welcome J&T ARCH (2) as a new shareholder, following their acquisition of a 4.27% stake in the Company in August. This marks another important milestone for Allwyn, and we value their alignment with our strategy and confidence in our ability to deliver on our mission to become the leading global gaming entertainment company.

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.”

Disclaimer

This document does not represent an offer, constitute or form part of, and should not be construed as an advertisement, an offer or an invitation to subscribe for or to purchase securities of the Company or its subsidiaries or affiliates from time to time. The preliminary unaudited results for three months ended 30 June 2025, are an estimate, based on information available to management as of the date of this release, and are subject to further changes upon completion of the Company’s standard quarter and year-end closing procedures. This update does not present all necessary information for an understanding of the Group’s financial condition as of the date of this release, or its results of operations for the three months or for the period ended 30 June 2025. As the Company completes its quarter-end financial close process and finalises its financial statements for the quarter, it will be required to make significant judgments in a number of areas. It is possible that the Company may identify items that require it to make adjustments to the financial information set forth above and those changes could be material. The Company does not intend to update such financial information prior to release of its second quarter financial statements.

We present certain unaudited pro rata financial information. The unaudited pro rata financial information included in this document has been prepared by the Company’s management. The unaudited pro rata financial information is not intended to, and does not represent, historical or future performance for any period.

This announcement does not form, and should not be construed as, the basis of any credit analysis or other evaluation, an investment or lending recommendation, advice, a valuation or a due diligence review. This announcement may include forward-looking statements regarding certain of our plans and our current goals, intentions, beliefs and expectations concerning, among other things, our future results of operations, financial condition, liquidity, prospects, growth, strategies, pending acquisitions or other transactions, financing plans and the industries in which we operate. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as “may,” “could,” “should,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “assume,” “believe,” “plan,” “seek,” “continue,” “target,” “goal,” “would” or their negative variations or similar expressions identify forward-looking statements. By their nature, forward-looking statements are inherently subject to risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Please refer to “Risk Factors” in Allwyn’s Annual Report and Accounts 2024 for risks and uncertainties relating to the Company, its subsidiaries and its equity method investees. We caution you that forward-looking statements are not guarantees of future performance and that the Group’s actual results of operations, financial condition and liquidity and the development of the industries in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if our results of operations, financial condition and liquidity and the development of the industries in which we operate are consistent with the forward-looking statements contained in this document, those past results or developments may not be indicative of results or developments in future periods.

We do not undertake any obligation to review, update or confirm expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this document.

No warranty or representation of any kind, express or implied, is or will be made in relation to, and to the fullest extent permissible by law, no responsibility or liability in contract, tort, or otherwise is or will be accepted by us or any of our directors, officers, employees, advisers or agents, or any other party as to the accuracy, completeness or reasonableness of the information contained in this announcement, including any opinions, forecasts or projections. Nothing in this document shall be deemed to constitute such a representation or warranty or to constitute a recommendation to any person to acquire any securities. Any estimates and projections in this announcement were developed solely for our use at the time at which they were prepared and for limited purposes which may not meet the requirements or objectives of the recipient of this announcement. Nothing in this document should be considered to be a forecast of future profitability or financial position and none of the information in the document is or is intended to be a profit forecast or profit estimate. The financial statements included in this announcement have not been subject to any review or audit process by our independent auditors and may be subject to change after a review or audit process.

We are not providing advice (whether in relation to legal, tax or accounting issues or otherwise). You should receive legal, tax, accounting and any other necessary advice from your advisors in relation to the contents of this announcement.

This announcement has not been approved by any regulatory authority and does not represent financial statements within the meaning of applicable Swiss, Czech or other law.

(1) In the second quarter of 2024, a reserve trust account relating to the previous UK National Lottery licence, which was included in receivables, was released. This resulted in a €63 million reduction in the prize expense, increasing GGR, and an increase in Good Cause contributions of an equivalent amount; hence, there was no impact on Net Revenue or Adjusted EBITDA. There was also no impact on the prize payout to players. GGR comparisons with 2024 on an adjusted basis exclude this one-off effect.

(2) J&T ARCH INVESTMENTS SICAV, a.s. (“J&T ARCH”), a qualified investor fund listed on the Prague Stock Exchange.