Greek Organization Of Football Prognostics ( (GOFPY) ) has released its Q3 earnings. Here is a breakdown of the information Greek Organization Of Football Prognostics presented to its investors.
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The Greek Organization Of Football Prognostics, commonly known as OPAP S.A., is a leading company in the gaming and lottery industry, primarily operating in Greece and Cyprus. It is renowned for its extensive portfolio of betting and gaming products, including lottery games, sports betting, and video lottery terminals (VLTs).
In its latest nine-month interim management statement for 2025, OPAP S.A. reported a solid financial performance, marked by a 6.5% increase in revenue compared to the same period in 2024. The company’s net gaming revenue (NGR) also saw a 6.3% rise, reflecting robust growth in both the online and retail sectors.
Key financial highlights include a profit before interest, tax, depreciation, and amortization (EBITDA) of €612.6 million, up 4.4% from the previous year. The company’s profit for the period reached €368.5 million, a 5.8% increase year-on-year. Notably, OPAP’s online sector recorded a 10.8% growth in gross gaming revenue (GGR), while its retail sector grew by 4.8%. The company also made strategic moves, such as acquiring the remaining 15.51% stake in STOIXIMAN LTD, further strengthening its position in the online sports betting and iGaming segments.
The company maintained strong cash flows from operating activities, with a net cash inflow of €521.4 million. However, cash outflows from investing activities increased due to higher acquisitions of intangible assets and property, plant, and equipment. Financing activities saw a significant cash outflow, primarily due to the acquisition of treasury shares and the purchase of a minority stake in STOIXIMAN LTD.
Looking ahead, OPAP S.A. remains focused on its growth strategy, emphasizing operational efficiency and strategic investments. The management is optimistic about the company’s future prospects, particularly in the expanding online gaming market, as it continues to leverage its strong market position and explore new opportunities.