Intralot has reported stable financial performance for the first half of 2025, highlighting resilient earnings and a sharp rise in cash generation. The Athens-listed gaming solutions group announced earnings before interest, tax, depreciation and amortisation (EBITDA) of €60.2 million for the period, while operating cash flow climbed to €72.2 million.
Revenue Picture and Market Operations
Group revenue for the first six months reached €152.4 million. Lottery activities remained the largest contributor, followed by sports betting, technology services and other verticals. Management noted that stable EBITDA reflected disciplined cost control and the steady performance of its operating subsidiaries across Europe, North America and emerging markets.
Intralot has also been focused on expanding its technology-driven solutions, securing renewed contracts in the United States and Europe, and pushing further into regulated online betting and gaming segments. The company said these moves position it to capture more long-term opportunities as markets evolve.
Debt Position and Strategic Outlook
Alongside stable earnings, Intralot emphasised its cash flow improvement as a sign of operational strength. The firm generated €72.2 million in operating cash flow during the half year, providing room to reduce debt and support future growth investments. Net debt stood at €279.4 million by the end of June, down from €292.7 million at year-end 2024, reflecting the company’s efforts to deleverage.
Executives stressed that debt reduction remains a top priority while continuing to invest in technology infrastructure and product development. With global lottery and sports betting markets opening further to private operators, Intralot sees growth potential in offering turnkey systems that integrate retail, digital and omni-channel solutions.
The company also noted ongoing progress in implementing its digital transformation strategy, designed to strengthen competitiveness and client retention. Analysts say Intralot’s balance between stable lottery revenues and its ambition in digital betting could shape its performance in the coming quarters.
Looking ahead, management expects the strong cash flow generation and stable EBITDA margin to provide a solid base for the remainder of 2025, while maintaining focus on cost efficiency and market expansion.
