International gaming and technology solutions provider INTRALOT has reported solid results for the first half of 2025, with revenues reaching €168 million and EBITDA at €60.2 million, underscoring operational stability.
Profit before tax rose 61.4% to €9.8 million, supported by a strong operating cash flow of €72.2 million, which enabled the company to reduce net debt by €52.7 million and improve its leverage ratio to 2.3x from 2.7x at the end of 2024.
Alongside these financial improvements, the company announced a major strategic move: the signing of a €2.7 billion agreement to acquire Bally’s international interactive business. Expected to close in the fourth quarter, the deal is set to reshape INTRALOT’s profile by combining its strong lottery presence with Bally’s advanced data and online gaming technology, accelerating its digital expansion on a global scale.
During the period, INTRALOT also strengthened its position in the United States with a 10-year contract renewal with the Idaho Lottery, a new VLT monitoring project in Nebraska, and a contract in Montana of up to 10 years to supply and integrate the Sports Bet Montana platform. While operations in Turkey were challenged by inflation and higher user acquisition costs, markets such as Argentina and Croatia delivered strong performances, particularly in the B2C segment.
INTRALOT Chairman Sokratis P. Kokkalis emphasized that the results demonstrate “stability in revenues and profitability, strengthened cash flow, and a significant reduction in debt and leverage,” while pointing out that the Bally’s acquisition “marks a transformative step toward a new era of global digital growth.”
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