Q2 2026 Preliminary Unaudited Financial Results

Highlights

• Another quarter of strong growth, supported by continued momentum in Continental Europe, strong digital growth and the contribution from PrizePicks, reflecting successful execution of our growth strategies

• Net Revenue of €1,246 million, +27% YoY

• Growth of 5% YoY, in-line with Q1, before the impact of higher gaming taxes in Austria and the acquisition of PrizePicks, against a comparative period in which multiple markets benefited from favourable jackpot cycles

• Adjusted EBITDA of €458 million, +29% YoY with a margin of 37% (% of Net Revenue, +0.5 p.p. YoY)

• Growth of 9% YoY before the acquisition of PrizePicks, the impact of higher gaming taxes in Austria and higher licence fee amortisation at LottoItalia

• Group financial outlook for 2026 re-affirmed: Net Revenue growth of mid-to-high 20% (before one-off impacts equivalent to c.€60 million ², as indicated previously) and an Adjusted EBITDA margin of ~37%

• Interim distribution of €0.20 per share, affirming confidence in the Group’s ongoing growth and cash generation, and its commitment to shareholder returns

Selected financial data (non-IFRS)

Please download the financials data book here.

Unless otherwise indicated, the comparative financial information in ‘Highlights’, ‘Financial review’ and ‘Business review’ reflects the financial information of Allwyn International adjusted for 100% ownership of the key Greece and Cyprus entities (formerly OPAP S.A., “OPAP”) and to exclude the historical contribution from Allwyn International’s German Casinos, which were sold in 2025. Comparative information is presented on this basis to enhance comparability and provide a clearer view of the underlying performance of the enlarged Group formed through the combination of Allwyn International and OPAP in March 2026. PrizePicks financial information is consolidated from 16 January 2026, with the acquisition having a material impact on the consolidated metrics for Q2 2026 and on comparability with the prior period.

The consolidated financial information of Allwyn AG for the comparative period prepared in accordance with IFRS differs materially from the financial information presented in the ‘Highlights‘ and ‘Financial review‘, as it solely comprises OPAP. See ‘Consolidated financial statements’.

¹ “Allwyn” or the “Company”, and, together with its subsidiaries, joint ventures and associates, the “Group” or “we”.
² See ‘Current trading and outlook’ for further details.
³ The comparative period reflects the financial information of Allwyn International; differences compared with Allwyn International’s historical published financial information primarily reflect the exclusion of German casino operations, which were sold in 2025.

Robert Chvatal, Allwyn CEO, commented:

“After a very positive Q1, I’m pleased to announce further strong performance in the second quarter, with Group Net Revenue increasing by 27% year-on-year, to €1.2 billion, and Adjusted EBITDA increasing by 29%, to €458 million. This reflects the strength of our strategy and our success in executing it, as demonstrated by sustained momentum in Continental Europe and the contribution from PrizePicks.

On an underlying basis, excluding the contribution from PrizePicks and adjusting for higher gaming taxes in Austria, Net Revenue increased by 5% year-on-year despite a strong comparative that benefited from favourable jackpot cycles across several markets. Growth was supported by continued expansion of the digital channel and excellent performance in Sports Betting and iGaming, with Sports Betting benefiting from the 2026 FIFA World Cup. Underlying EBITDA growth was supported by improved profitability in the United Kingdom following completion of The National Lottery’s technology transformation.

We also made strong progress against our growth strategy, continuing to invest in our products and player experience and delivering major product enhancements across the Group since the end of the first quarter. These included new or enhanced draw-based lottery games in Austria, the Czech Republic and the United Kingdom, where we are proud to be the first operator outside the US to offer Powerball, one of the world's largest jackpot games. In addition, in North America we continue to rapidly develop PrizePicks' offering, enabling players to combine PlayerPicks with a TeamPick within a single line-up, integrating prediction markets alongside DFS and helping to deepen engagement and expand the ways in which customers can play.

Alongside this operational progress, we completed the final steps of the combination of Allwyn International and OPAP. Following the end of the quarter, we also agreed to increase our interest in Next Lotto, a licensed online reseller of draw-based games offered by state lotteries across Germany, to 65%, giving us a controlling interest.

Finally, we are pleased to announce an interim distribution of €0.20/share for financial year 2026 taking total capital returns, including our share buyback, to €1.19/share for the calendar year 2026, reflecting our commitment to delivering attractive cash returns to shareholders in parallel with investment in growth.

Looking ahead, overall trading remains in line with our expectations and we are pleased to re-affirm our Group outlook for 2026. We remain confident in our ability to deliver sustainable growth, strong cash generation and attractive shareholder returns over the long term.”

Trading update and outlook

Since the start of the year, our business has continued to perform well and we have continued to deliver on our strategic priorities, with trading overall in line with our expectations. Top-line growth has been supported by continued strong momentum in Continental Europe, partly offset by more moderate Net Revenue growth in the United Kingdom.

At Group level, we re-affirm our outlook for 2026: 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).

Although consumer confidence remains subdued across several markets, there has been no material impact on customer demand for our products. 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.

Share buyback programme and dividend policy

The Board has declared an interim distribution for FY2026 of €0.20/share, in line with the Company’s previously announced policy of paying an annual minimum distribution of €1.00 per share. The interim distribution is expected to be paid on 12 November 2026, following a cut-off date of 21 October 2026. A scrip option will be available.

During the quarter, the Company announced a share buyback programme of up to €150 million, reflecting the Board’s conviction in future growth and cash generation, as well as its commitment to shareholder capital returns as a key element in the Company’s capital allocation framework. As of 21 August 2026, the Company had repurchased 6,538,301 shares for aggregate consideration of €89 million.