Pollard Banknote's first quarter of 2025 showcased strong financial performance with significant growth in sales and net income, driven by successful iLottery implementation and joint venture achievements. However, challenges such as decreased instant ticket sales volumes, regulatory impacts on eTabs, and competitive pressures in Michigan iLottery tempered the overall performance.

Company Guidance -

Q2 2025

During the first quarter of 2025, Pollard Banknote Limited reported robust financial performance and significant operational milestones, contributing to their strategic goal of being a leader in the lottery and charitable gaming sectors. The company achieved traditional GAAP sales of $146.2 million, an increase from $125.7 million in the same period last year. The combined sales revenue, including their NeoPollard joint venture, reached $177 million compared to $151.2 million the previous year. Key drivers for this growth included a $17.1 million rise in instant ticket average selling prices and increased charitable gaming volumes by $4.4 million. Adjusted EBITDA rose to $30.6 million from $23.7 million, with net income increasing to $11.7 million, up from $6.9 million. The successful launch of the Kansas iLottery solution on February 13, 2025, illustrated Pollard's technological capabilities and leadership in the iLottery space, despite initial start-up costs affecting gross margins. The company also saw a $4 million rise in income from their NeoPollard joint venture, driven by strong eInstants sales in Virginia and North Carolina. Additionally, Pollard completed the acquisition of Pacific Gaming, enhancing their product offerings in the charitable gaming market. Overall, the company remains optimistic about its growth prospects, particularly in digital areas like iLottery and eInstants.

Strong Financial Performance

Pollard Banknote achieved traditional GAAP sales of $146.2 million compared to $125.7 million in the first quarter of 2024, with combined sales revenue including the NeoPollard joint venture reaching $177 million compared to $151.2 million last year.

iLottery Expansion Success

Successful implementation and start-up of the Kansas iLottery solution, the fastest rollout in North America, showcasing Pollard's expertise in the lottery market.

NeoPollard Interactive Joint Venture

Record results were achieved in Q1 2025, with strong eInstants sales, especially in Virginia and North Carolina, leading to a $4 million increase in income from the joint venture.

Higher Average Selling Price

Significantly higher instant ticket average selling price increased sales by $17.1 million compared to 2024, mainly due to an increase in proprietary product sales and repriced contracts.

Adjusted EBITDA Growth

Adjusted EBITDA increased to $30.6 million in the first quarter compared to $23.7 million last year, driven by higher gross profit and increased equity investment income.

Positive Net Income Trend

Net income rose to $11.7 million from $6.9 million in the first quarter of 2024, with net income per share doubling from $0.26 to $0.43.

Pollard Banknote (TSE:PBL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:PBL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 13, 2025	2025 (Q2)	0.46 / -	0.43	―	―	―
May 07, 2025	2025 (Q1)	0.34 / 0.45	0.25	78.00% (+0.20)	―	―
Mar 10, 2025	2024 (Q4)	0.47 / -0.06	0.312	-119.23% (-0.37)	―	―
Nov 13, 2024	2024 (Q3)	0.41 / 0.66	0.371	77.90% (+0.29)	―	―
Aug 13, 2024	2024 (Q2)	0.28 / 0.43	0.209	105.74% (+0.22)	―	―
May 08, 2024	2024 (Q1)	0.28 / 0.25	0.172	45.35% (+0.08)	―	―
Mar 05, 2024	2023 (Q4)	0.28 / 0.31	0.39	-20.00% (-0.08)	―	―
Nov 07, 2023	2023 (Q3)	0.27 / 0.37	-0.01	3810.00% (+0.38)	―	―
Aug 10, 2023	2023 (Q2)	0.17 / 0.21	0.09	132.22% (+0.12)	―	―
May 11, 2023	2023 (Q1)	0.19 / 0.17	0.24	-28.33% (-0.07)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:PBL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2025	C$20.25	C$19.98	-1.33%
Mar 10, 2025	C$24.73	C$21.59	-12.70%
Nov 13, 2024	C$23.46	C$25.92	+10.49%
Aug 13, 2024	C$18.63	C$20.43	+9.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Pollard Banknote (TSE:PBL) report earnings?

Pollard Banknote (TSE:PBL) is schdueled to report earning on Aug 13, 2025, TBA (Confirmed).

What is Pollard Banknote (TSE:PBL) earnings time?

Pollard Banknote (TSE:PBL) earnings time is at Aug 13, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:PBL EPS forecast?

TSE:PBL EPS forecast for the fiscal quarter 2025 (Q2) is 0.46.

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