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An update from Pollard Banknote ( (TSE:PBL) ) is now available.
Pollard Banknote Limited reported a record revenue of $156.3 million for the third quarter of 2025, marking a 2% increase from the previous year. The company secured significant contracts, including a 12-year deal with Belgium Lottery and a primary instant ticket contract with the California Lottery, which is expected to boost volumes in 2026. Despite a lower gross margin due to startup losses in Kansas and regulatory changes, the company remains optimistic about future growth, driven by strategic investments and contract wins.
The most recent analyst rating on (TSE:PBL) stock is a Hold with a C$24.00 price target. To see the full list of analyst forecasts on Pollard Banknote stock, see the TSE:PBL Stock Forecast page.
Spark’s Take on TSE:PBL Stock
According to Spark, TipRanks’ AI Analyst, TSE:PBL is a Neutral.
Pollard Banknote’s overall score reflects strong revenue growth and joint venture performance, tempered by financial risks from increased leverage and negative cash flow. Technical indicators suggest neutral momentum, while valuation is moderate. Earnings call insights highlight both achievements and challenges.
To see Spark’s full report on TSE:PBL stock, click here.
More about Pollard Banknote
Pollard Banknote Limited operates in the lottery and gaming industry, providing instant tickets, gaming platforms, and related services. The company focuses on innovative solutions such as the Catalyst technology and has a significant presence in both retail and iLottery markets.
Average Trading Volume: 19,404
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$544.1M
Learn more about PBL stock on TipRanks’ Stock Analysis page.

