Full-Year GGR Growth in Line with Guidance
Group Gross Gaming Revenue (GGR) grew 4.9% for the fiscal year 2025, in line with the company's provided outlook.
Strong Underlying Margin Performance
Excluding one-off items, the full-year margin came in at 34.7%, consistent with prior guidance toward mid-30s (around 35%).
Hellenic Lotteries 12-Year Concession Secured
Court of Auditors has greenlighted the signing of the new 12-year Hellenic Lotteries concession; expected start of operations under the new concession from May 1, 2026.
Planned Lottery Product Refresh
With the new lotteries concession the company will launch a refreshed scratch portfolio and update traditional products (e.g., Laiko, Ethniko), enabling new gaming experiences in 2026.
VLTs and Retail Enhancements Driving Footfall
Video Lottery Terminals (VLTs) showed very good performance and increased visits per customer driven by investments in store upgrades, loyalty schemes and in-store promotions; company plans further venue refreshes and digital upgrades.
Strategic Digital Investment Program
Increased spending on digital (retail and online), technology and marketing to support a 'digital-first' 2030 strategy: initiatives include one unified app/account/wallet, store fiber connectivity and large retail digitalization upgrades aimed at attracting younger players.
Rebranding Execution and Initial Market Reception
Transition of consumer-facing brand from OPAP to Allwyn (started Jan 19) has been smooth with positive initial feedback; brand awareness reported at ~50% and a year-long program planned to build trust and attributes.
Investor Relations Continuity and Athens Listing Retained
IR team in Athens will remain as primary local contacts integrated with a broader global IR team; the combined entity will retain listing on Athens Stock Exchange (Euronext Athens).
Supportive Regulatory Development on Illegal Betting
New draft bill addressing illegal betting welcomed by the company; management expects the legislation to have a significant and positive impact in coming years, although timing and magnitude are uncertain.