Q1 2026 Preliminary Unaudited Financial Results

Highlights^*

• Strong momentum across all aspects of our strategy, including digital performance, major product innovations, inorganic growth and the continued deployment of the global brand strategy, alongside the completion of the landmark combination of Allwyn International AG and OPAP S.A.
• Net Revenue of €1,204 million, +21% YoY – Strong underlying growth of 5% YoY, adjusting for higher gaming taxes in Austria and excluding the first-time contribution from the PrizePicks acquisition
• Adjusted EBITDA of €443 million, +24% YoY with a margin of 37% (% of Net Revenue, +1p.p. YoY) – +11% YoY on an underlying basis, before the impact of the acquisition of PrizePicks, higher gaming taxes in Austria and start-up losses in Slovakia
• Acquisition of a majority stake in PrizePicks, the leading daily fantasy sports operator in the U.S.
• Group financial outlook for 2026 affirmed: Net Revenue growth of mid-to-high 20%s (before one-off impacts equivalent to c.€60 million³, as indicated previously) and an Adjusted EBITDA margin of 37%
• Announcing share buyback of up to €150 million, in addition to minimum €1 / share dividend, reflecting the Group’s ongoing growth and cash generation and commitment to shareholder returns

Selected consolidated financial data – on a look-through basis^*

Please download the financials data book here.

^* Unless otherwise indicated, the financial information in the Highlights and Financial Review is presented on a look-through, non-IFRS basis to show the underlying performance of the enlarged Group. Such financial information is prepared as if Allwyn International AG had been the parent entity throughout both periods, adjusted for 100% ownership of the Greece and Cyprus entities (formerly, OPAP S.A.), but excludes the historical contribution from Allwyn International AG’s German casinos, which were sold in 2025, in all periods presented to enhance comparability. PrizePicks financial information is consolidated from 16 January 2026, with the acquisition having a material impact on the consolidated metrics for Q1 2026 and on comparability with the prior period.

The reported consolidated statement of comprehensive income of Allwyn AG prepared in accordance with IFRS differs materially from the financials presented above in both periods. See ‘Consolidated statement of comprehensive income of Allwyn AG’. In addition, certain tables, including the selected cash flow metrics, are presented on a different look-through perimeter, as described in the relevant footnotes.

¹ “Allwyn” or the “Company”, and, together with its subsidiaries, joint ventures and associates, the “Group” or “we”. ² Re-named Allwyn AG on 17 March 2026. ³ See ‘Current trading and outlook’ for further details. ⁴ Differences compared with Allwyn International AG’s historical published financial information primarily reflect the exclusion of German casino operations, which were sold in 2025. See ‘Summarised statement of comprehensive income’ for further details.

Robert Chvatal, Allwyn CEO, commented:

“I’m immensely proud of this transformative quarter, during which we have brought together two fantastic businesses to create a scaled global leader in gaming entertainment - with an enhanced ability to shape the industry, a wider range of growth opportunities and a highly differentiated platform to support long-term value creation and shareholder returns.

Meanwhile, we have remained firmly focused on execution. The progress of our enlarged group this quarter demonstrates the breadth and strength of the Allwyn platform, with strong momentum in profitability and growth in Continental Europe, the addition of PrizePicks in North America, the completion of the UK technology transformation, a strong contribution from Betano, and continued development of our digital and content capabilities.

Net Revenue of the combined group increased 21% year-on-year in the first quarter. Growth was driven by the digital channel, supported by our focus on innovation and enhancements to our proposition and player experience, as well as the acquisition of PrizePicks. Excluding PrizePicks, we delivered good growth in Net Revenue, which increased 3.5% year-on-year, despite a 1.7p.p. headwind from higher gaming taxes in Austria and the comparative period benefiting from record jackpots in EuroMillions (Austria, UK) and Tzoker (Greece).

Adjusted EBITDA increased significantly by 24% year-on-year, driven by strong organic growth and the acquisition of PrizePicks. Excluding the PrizePicks acquisition, higher gaming taxes in Austria and start-up losses in Slovakia, Adjusted EBITDA increased by 11% year-on-year. We pursued accretive investments during the quarter through both CAPEX and M&A. In the United Kingdom, we completed our significant investment in the technology transformation of The National Lottery, modernising infrastructure that had long constrained product development and innovation. We are delighted to have since unveiled an innovative update to the Lotto game and the planned UK launch of Powerball – the world’s largest jackpot game, which is one of the most exciting developments in lottery globally for many years.

In January, we completed the acquisition of a majority stake in PrizePicks, the leading daily fantasy sports operator in the United States. This marks our entry into the fast-growing U.S. online sports entertainment market. PrizePicks’ strong profitability, cash generation, differentiated technology, highly engaged customer base and focus on the customer proposition provide a compelling platform for long-term growth.

Allwyn’s platform comprises leading lottery-led businesses across Continental Europe, North America and the United Kingdom, together with market-leading growth assets, combining the resilience and cash generation of lottery-led operations with growth from digital channels, proprietary content, technology, online sports betting, iGaming and North American entertainment. We remain focused on leveraging this platform to deliver compounding growth, cash generation and long-term shareholder value, while maintaining disciplined capital allocation, responsible gaming standards and strong partnerships with regulators, governments and communities.

We are immensely proud of what we have achieved since the creation of Allwyn - creating a global leader in gaming entertainment with almost €2bn of Adjusted EBITDA ⁵ in only 14 years - and are delighted to have achieved several key milestones in the first quarter. Looking forward, we are as excited as we have ever been about the next chapters in our growth story and confident in our ability to capture the many opportunities ahead.

We have high conviction in our future growth, cash generation and shareholder value creation, and have today launched a €150m share buyback programme, underscoring our commitment to shareholder returns as a key element of our capital allocation framework.”

⁵ Last twelve months’ performance including PrizePicks on a pro forma basis.

Current trading and outlook⁶

Trading update and outlook

Since the start of the year our business has continued to perform and develop well, and trading is in line with our expectations overall. Our Group outlook for 2026 is affirmed: consolidated Net Revenue growth of mid-to-high 20%s (before one-off impacts of c.-2% in Continental Europe, which is equivalent to c.€60 million) and an Adjusted EBITDA margin of 37% (% of Net Revenue).

Geopolitical developments in the Middle East and Iran

We have not been materially directly impacted by the Middle East and Iran crisis. We do not have any operations in the affected region and our suppliers have not experienced any material disruptions.

Macroeconomic environment and consumer sentiment

There has been no material impact on demand for our products from any unpredictability in the macroeconomic outlook relating to geopolitical developments in the Middle East and Iran, macro pressures or international trade tariffs. We note that, in general, demand for our products has remained resilient in periods of weaker economic growth or consumer sentiment, owing to their low price point and low average spend per customer, as well as our large number of regular players and our diversification across geographies and product types.

⁶ The information contained in this trading update and outlook includes forward‑looking statements, which are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. These statements relate to, among other things, the Company’s financial outlook and guidance for future periods. Forward‑looking statements speak only as of the date of this document, and the Company undertakes no obligation to update them except as required by applicable law. You should not place undue reliance on forward-looking statements. Please see the Disclaimer at the end of this document for further cautionary information about the forward looking statements presented in this document.

Share buyback programme and dividend policy

The Board has approved a share buyback programme of up to €150 million, subject to market conditions and applicable law. Purchased shares may be cancelled or retained for other legally permissible purposes.

The share buyback programme reflects the Board’s conviction in the Company’s future growth and cash generation, as well as its commitment to shareholder returns as a key element in the Company’s capital allocation framework. It also reflects lower than previously expected investment in inorganic growth, in light of the previously announced decision to withdraw from the proposed acquisition of Novibet.

The Board expects to confirm an interim distribution for FY2026 of €0.20/share in the second half of the year, in line with the Company’s previously announced policy of paying an annual minimum dividend of €1.00 per share.