• Buildings (owned) | 20 to 30 years |
• Installations on third party property | Over the duration of the lease but not less than 5% per annum |
• Installations and Equipment | 5 to 15 years |
• Machinery and Equipment | 4 to 10 years |
• Computer Hardware | 20% to 30% per annum |
• Transportation Equipment-Motor vehicles | 7 years or 15% per annum |
• Transportation Equipment-Trucks etc. | 5 years or 20% per annum |
• Software platforms • Central operating software • Central Network software • Licenses • Rights | Over the duration of the longest contract |
• Other software | 3 to 5 years |
Reconciliation of operating profit before tax to EBIT and EBITDA (continuing operations): | GROUP | |
1/1-31/12/2024 | 1/1-31/12/2023 | |
Operating profit/(loss) before tax | 18.041 | 33.556 |
Profit / (loss) to net monetary position | -6.311 | -7.172 |
Profit / (loss) from equity method consolidations | -362 | -235 |
Exchange Differences | -578 | 214 |
Interest and similar income | -4.604 | -6.087 |
Interest and similar expenses | 45.655 | 41.756 |
Income/(expenses) from participations and investments | -399 | -1.683 |
Gain/(loss) from assets disposal, impairment loss and write-off of assets | -95 | 1.205 |
EBIT | 51.347 | 61.555 |
Depreciation and amortization | 70.943 | 67.901 |
Reorganization costs | 2.391 | 0 |
EBITDA | 124.682 | 129.456 |
Reconciliation of operating profit before tax to EBIT and EBITDA (continuing operations): | COMPANY | |
1/1-31/12/2024 | 1/1-31/12/2023 | |
Operating profit/(loss) before tax | -11.766 | 23.055 |
Exchange Differences | -429 | 516 |
Interest and similar income | -4.579 | -5.745 |
Interest and similar expenses | 15.729 | 17.415 |
Income/(expenses) from participations and investments | -6.249 | -16.687 |
Gain/(loss) from assets disposal, impairment loss and write-off of assets | -43 | 807 |
EBIT | -7.339 | 19.364 |
Depreciation and amortization | 10.079 | 11.151 |
Reorganization costs | 2.171 | 0 |
Income from recharging reorganization expenses to subsidiaries | 0 | 0 |
EBITDA | 4.912 | 30.514 |
European Union: | Greece, Malta, Cyprus, Luxembourg, Spain, Nederland, Germany, Croatia and Republic of Ireland. |
Other Europe: | United Kingdom. |
America: | USA, Peru, Argentina, Chile. |
Other Countries: | Australia, New Zealand, South Africa, Turkey, Taiwan and Morocco. |
1/1-31/12/2024 (in million €) | European Union | Other Europe | America | Other Countries | Eliminations | Total |
Sales to third parties | 47,75 | 0,00 | 223,42 | 105,19 | 0,00 | 376,37 |
Intragroup sales | 35,38 | 0,00 | 0,57 | 0,00 | -35,95 | 0,00 |
Total Sales | 83,13 | 0,00 | 223,99 | 105,19 | -35,95 | 376,36 |
Gross Profit/(loss) | 7,85 | 0,00 | 50,75 | 86,14 | -3,41 | 141,33 |
(Debit)/Credit interest & similar (expenses)/income | -18,73 | 0,00 | -16,79 | -6,70 | 1,17 | -41,05 |
Depreciation/Amortization | -18,73 | 0,00 | -42,74 | -12,80 | 3,32 | -70,95 |
Profit/(loss) consolidated with equity method | 0,01 | 0,00 | 0,18 | 0,17 | 0,00 | 0,36 |
Write-off & impairment of assets | 0,00 | 0,00 | -0,01 | 0,00 | 0,00 | -0,01 |
Write-off & impairment of investments | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
Doubtful provisions, write-off & impairment of receivables | -0,39 | 0,00 | -0,65 | -0,06 | 0,39 | -0,71 |
Reversal of doubtful provisions & recovery of written off receivables | 0,00 | 0,00 | 0,00 | 0,08 | 0,00 | 0,08 |
Profit / (loss) to net monetary position | 0,00 | 0,00 | 1,55 | 4,76 | 0,00 | 6,31 |
Profit/(Loss) before tax and continuing operations | 13,83 | 0,00 | 11,39 | 27,24 | -34,42 | 18,04 |
Tax | -0,20 | 0,00 | -4,34 | 4,00 | -0,87 | -1,41 |
Profit/(Loss) after tax from continuing operations | 13,63 | 0,00 | 7,05 | 31,24 | -35,29 | 16,63 |
Profit/(Loss) after tax from discontinued operations | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
Profit/(Loss) after tax from total operations | 13,63 | 0,00 | 7,05 | 31,24 | -35,29 | 16,63 |
1/1-31/12/2023 (in million €) | European Union | Other Europe | America | Other Countries | Eliminations | Total |
Sales to third parties | 62,81 | 0,00 | 209,84 | 91,37 | 0,00 | 364,02 |
Intragroup sales | 53,24 | 0,00 | 0,41 | 0,00 | -53,65 | 0,00 |
Total Sales | 116,05 | 0,00 | 210,25 | 91,37 | -53,65 | 364,02 |
Gross Profit/(loss) | 32,31 | 0,00 | 61,60 | 75,17 | -23,84 | 145,24 |
(Debit)/Credit interest & similar (expenses)/income | -14,71 | 0,00 | -18,41 | 3,93 | -6,48 | -35,67 |
Depreciation/Amortization | -19,63 | 0,00 | -39,41 | -11,73 | 2,87 | -67,90 |
Profit/(loss) consolidated with equity method | -0,01 | 0,00 | 0,00 | 0,23 | 0,02 | 0,24 |
Write-off & impairment of assets | -0,85 | 0,00 | -0,07 | 0,00 | -0,33 | -1,25 |
Write-off & impairment of investments | -39,96 | 0,00 | 0,00 | 0,00 | 39,96 | 0,00 |
Doubtful provisions, write-off & impairment of receivables | -0,48 | 0,00 | 0,11 | -0,14 | -0,05 | -0,56 |
Reversal of doubtful provisions & recovery of written off receivables | 0,02 | 0,00 | 0,03 | 0,05 | 0,00 | 0,10 |
Profit / (loss) to net monetary position | 0,00 | 0,00 | 0,98 | 6,19 | 0,00 | 7,17 |
Profit/(Loss) before tax and continuing operations | 78,65 | 0,00 | 14,43 | 37,29 | -96,82 | 33,55 |
Tax | -4,26 | 0,00 | -4,28 | -11,07 | -0,13 | -19,74 |
Profit/(Loss) after tax from continuing operations | 74,39 | 0,00 | 10,15 | 26,22 | -96,95 | 13,81 |
Profit/(Loss) after tax from discontinued operations | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
Profit/(Loss) after tax from total operations | 74,39 | 0,00 | 10,15 | 26,22 | -96,95 | 13,81 |
Sales per business activity | |||
(continuing operations) | |||
(in thousand €) | 31/12/2024 | 31/12/2023 | Change |
Licensed operations | 36.923 | 28.390 | 30,06% |
Management contracts | 84.399 | 72.353 | 16,65% |
Technology and support services | 255.041 | 263.279 | -3,13% |
Total | 376.363 | 364.022 | 3,39% |
Sales per product type | ||
(continuing operations) | ||
31/12/2024 | 31/12/2023 | |
Lottery games | 54,85% | 53,41% |
Sports Betting | 23,11% | 20,45% |
IT products & services | 10,74% | 14,31% |
Racing | 0,04% | 0,0% |
Video Lottery Terminals | 11,27% | 11,78% |
Total | 100% | 100% |
Revenue Net of Payout (GGR) per business activity (continuing operations) | |||
(in thousand €) | 31/12/2024 | 31/12/2023 | Change |
Licensed operations | 16.095 | 12.945 | 24,33% |
Management contracts | 84.399 | 72.353 | 16,65% |
Technology and support services | 255.041 | 263.279 | -3,13% |
Total | 355.535 | 348.577 | 2,00% |
(continuing operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Income from rents from third parties | 24.879 | 22.551 | 153 | 123 |
Income from rents from subsidiaries | 0 | 0 | 97 | 116 |
Proceeds from legal disputes | 29 | 550 | 0 | 0 |
Income from uncollected winnings | 0 | 33 | 0 | 0 |
Income from reversal of doubtful provisions and proceeds for written off receivables from third parties | 85 | 866 | 0 | 0 |
Income from maintenance services | 4.073 | 2.359 | 0 | 0 |
Other income | 877 | 4.057 | 197 | 698 |
Total | 29.943 | 30.415 | 448 | 937 |
(continuing operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Salaries | 71.106 | 74.280 | 16.022 | 14.592 |
Social security contributions | 10.430 | 9.660 | 3.171 | 2.804 |
Staff retirement indemnities provision (note 2.26) | 461 | 929 | 304 | 690 |
Other staff costs | 14.439 | 13.975 | 1.347 | 805 |
Total | 96.436 | 98.844 | 20.844 | 18.891 |
Salaries & Social security contributions per cost center December 31, 2024 | |||||
(continuing operations) | |||||
Group | Cost of Sales | Selling expenses | Administrative costs | R&D costs | Total |
Salaries | 39.415 | 10.091 | 21.563 | 37 | 71.106 |
Social security contributions | 5.877 | 1.519 | 3.026 | 8 | 10.430 |
Staff retir. & other costs | 8.374 | 1.159 | 5.186 | 182 | 14.901 |
Total | 53.666 | 12.769 | 29.775 | 227 | 96.436 |
Company | Cost of Sales | Selling expenses | Administrative costs | R&D costs | Total |
Salaries | 7.052 | 2.954 | 5.979 | 37 | 16.022 |
Social security contributions | 1.500 | 650 | 1.013 | 8 | 3.171 |
Staff retir. & other costs | 990 | 198 | 281 | 182 | 1.651 |
Total | 9.542 | 3.801 | 7.273 | 228 | 20.844 |
Salaries & Social security contributions per cost center December 31, 2023 | |||||
(continuing operations) | |||||
Group | Cost of Sales | Selling expenses | Administrative costs | R&D costs | Total |
Salaries | 43.934 | 6.760 | 23.555 | 31 | 74.280 |
Social security contributions | 5.748 | 1.025 | 2.880 | 7 | 9.660 |
Staff retir. & other costs | 8.662 | 837 | 5.241 | 164 | 14.904 |
Total | 58.344 | 8.622 | 31.676 | 202 | 98.844 |
Company | Cost of Sales | Selling expenses | Administrative costs | R&D costs | Total |
Salaries | 6.720 | 2.550 | 5.291 | 31 | 14.592 |
Social security contributions | 1.379 | 499 | 918 | 7 | 2.803 |
Staff retir. & other costs | 895 | 179 | 257 | 164 | 1.495 |
Total | 8.994 | 3.228 | 6.466 | 202 | 18.891 |
(continuing operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Depreciation of tangible fixed assets (note 2.14) | 33.238 | 32.101 | 3.280 | 3.365 |
Depreciation of investment property (note 2.15) | 59 | 59 | 59 | 59 |
Amortization of intangible assets (note 2.16) | 37.646 | 35.741 | 6.740 | 7.727 |
Total | 70.943 | 67.901 | 10.079 | 11.151 |
Depreciation and amortization per cost center 31/12/2024 | |||||
(continuing operations) | |||||
Cost of Sales | Selling expenses | Administrative costs | R&D costs | Total | |
Group | 58.395 | 1.416 | 10.326 | 806 | 70.943 |
Company | 6.047 | 1.361 | 1.865 | 806 | 10.079 |
Depreciation and amortization per cost center 31/12/2023 | |||||
(continuing operations) | |||||
Cost of Sales | Selling expenses | Administrative costs | R&D costs | Total | |
Group | 53.056 | 1.619 | 12.333 | 892 | 67.901 |
Company | 6.691 | 1.505 | 2.063 | 892 | 11.151 |
(continuing operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Personnel Costs (note 2.4) | 96.436 | 98.844 | 20.844 | 18.891 |
Depreciation & amortization (note 2.5) | 70.943 | 67.901 | 10.079 | 11.151 |
Change in inventories | 5.028 | 3.574 | 934 | 3.154 |
Winners payout | 20.828 | 15.445 | 0 | 0 |
Game taxes and agent commissions | 10.004 | 9.231 | 0 | 0 |
Consumables | 4.702 | 4.529 | 0 | 0 |
Third party fees-benefits | 50.475 | 45.402 | 6.599 | 5.837 |
Reorganization expenses | 2.391 | 0 | 2.171 | 0 |
Maintenance Expenses for Machinery and Other Equipment | 21.229 | 19.961 | 7.702 | 6.663 |
Taxes and Duties | 2.071 | 2.067 | 451 | 321 |
Marketing and Advertising expenses | 13.874 | 11.829 | 949 | 498 |
Insurance expenses | 4.907 | 4.613 | 472 | 401 |
IT Service Provider costs | 13.672 | 14.039 | 0 | 0 |
Non refundable VAT | 6.081 | 4.170 | 0 | 0 |
Other expenses | 30.172 | 24.534 | 2.076 | 2.115 |
Total | 352.813 | 326.140 | 52.277 | 49.031 |
INCLUDED IN: | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Cost of Sales | 235.037 | 218.779 | 30.407 | 31.306 |
Selling Expenses | 31.982 | 24.419 | 7.172 | 6.001 |
Administrative Expenses | 81.861 | 81.483 | 10.986 | 10.265 |
Research and Development Expenses | 1.542 | 1.458 | 1.542 | 1.458 |
Reorganization expenses | 2.391 | 0 | 2.171 | 0 |
Total | 352.813 | 326.140 | 52.277 | 49.031 |
(continuing operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Income from dividends | 2 | 963 | 6.249 | 7.585 |
Gain from sale of participations and investments | 394 | 542 | 0 | 2.101 |
Other income from participations and investments | 0 | 240 | 0 | 0 |
Income from reversal of impairment of investments | 0 | 0 | 0 | 7.067 |
Total income from participations and investments | 397 | 1.745 | 6.249 | 16.753 |
Loss from sale of participations and investments | 2 | -62 | 0 | 0 |
Loss from impairment / write-offs of participations and investments | 0 | 0 | 0 | -65 |
Total expenses from participations and investments | 2 | -62 | 0 | -65 |
Net result from participations and investments | 399 | 1.683 | 6.249 | 16.687 |
(continuing operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Gain from disposal of tangible and intangible assets | 79 | 4 | 66 | 3 |
Loss from disposal of tangible and intangible assets | 0 | 1 | 0 | 0 |
Loss from impairment and write-off of tangible and intangible assets 1 | -12 | -1.248 | 0 | -846 |
Gain from write-off lease liability | 0 | 0 | 0 | 0 |
Gain/(Loss) from modification or write-off right of use assets | 29 | 37 | -23 | 35 |
Gain from Reversal of tangible & intangible assets' Impairment | 0 | 0 | 0 | 0 |
Net result from tangible and intangible assets | 95 | -1.205 | 43 | -807 |
(continuing operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Impairment, write-off and provisions for doubtful debt | 716 | 555 | 0 | 138 |
Provisions for contractual fines-penalties | 734 | 3.663 | 0 | 0 |
Other expenses from other related parties | 0 | 0 | 0 | 0 |
Other expenses | 697 | 2.525 | 76 | 362 |
Total | 2.146 | 6.743 | 76 | 500 |
(continuing operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Provisions for doubtful receivables from subsidiaries | 0 | 0 | 0 | 0 |
Doubtful provisions from trade receivables | 133 | 555 | 0 | 138 |
Provisions for doubtful receivables from other related parties | 582 | 0 | 0 | 0 |
Write-off of trade receivables | 0 | 0 | 0 | 0 |
Write-off of receivables from associates | 0 | 0 | 0 | 0 |
Write-off of receivables from other related parties | 0 | 0 | 0 | 0 |
Total | 716 | 555 | 0 | 138 |
(continuing operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Interest Expense ¹ | -42.613 | -40.369 | -15.360 | -17.305 |
Financial Expense | -3.042 | -1.388 | -369 | -110 |
Discounting | 0 | 0 | 0 | 0 |
Total Interest and similar expenses | -45.655 | -41.756 | -15.729 | -17.415 |
Interest Income | 4.604 | 4.533 | 4.579 | 5.715 |
Financial Income | 0 | 0 | 0 | 0 |
Discounting | 0 | 1.555 | 0 | 29 |
Total Interest and similar Income | 4.604 | 6.087 | 4.579 | 5.745 |
Net Interest and similar Income / (Expenses) | -41.051 | -35.669 | -11.150 | -11.670 |
GROUP (continuing operations) | 31/12/2024 | 31/12/2023 |
Current income tax | 10.131 | 11.875 |
Deferred income tax | -8.160 | 6.360 |
Tax audit differences and other taxes non-deductible | -566 | 1.500 |
Total impact of income tax in income statement | 1.405 | 19.735 |
COMPANY | 31/12/2024 | 31/12/2023 |
Current income tax | 0 | 623 |
Deferred income tax | -572 | 3.000 |
Tax audit differences and other taxes non-deductible | 0 | 1.042 |
Total impact of income tax in income statement | -572 | 4.665 |
(continuing operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Profit before income taxes | 18.041 | 33.556 | -11.766 | 23.055 |
Income taxes based on the statutory income tax rate of the Parent 22% | 3.969 | 7.382 | -2.588 | 5.072 |
Adjustments to income taxes related to: | ||||
Adjustments in previous periods provisions | 0 | 1.665 | 0 | 1.665 |
Tax effect of non-deductible tax expenses | 2.007 | 19.701 | 343 | 494 |
Tax effect of transferred losses, for which deferred tax asset was not recognized | 3.613 | 1.508 | 1.948 | 0 |
Tax effect of non-taxable profits | -2.632 | -6.555 | -275 | -5.566 |
Tax effect of foreign subsidiaries’ profits that are taxable at different tax rates | 2.762 | -3.950 | 0 | 0 |
Deferred tax effect due to interest expense carried forward | 0 | 2.804 | 0 | 2.788 |
Tax effect of losses for which net deferred tax asset was recognized | 0 | -3.563 | 0 | 0 |
Income tax of previous years after tax audit | -966 | 204 | 0 | 0 |
Effect from the application of IAS 29 | -7.007 | 0 | 0 | 0 |
Οther | -340 | 536 | 0 | 212 |
Income taxes reported in the income statement | 1.405 | 19.735 | -572 | 4.665 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Net deferred tax asset / (liability) at beginning of the year | 859 | 3.233 | 2.383 | 5.383 |
(Debit)/Credit to income statement (continuing operations) | 8.160 | -6.360 | 572 | -3.000 |
(Debit)/Credit to income statement (discontinued operations) | 0 | 0 | 0 | 0 |
Restatement of opening balances | 0 | 0 | 0 | 0 |
Exchange differences | -469 | 1.114 | 0 | 0 |
Deferred tax on other comprehensive income or directly affect Equity | 708 | 0 | 13 | 0 |
Transfer from income tax payable | 0 | 1.552 | 0 | 0 |
Effect from the application of IAS 29 | 331 | 1.320 | 0 | 0 |
Non-consolidated subsidiary due to sale | 0 | 0 | 0 | 0 |
Impact from the absorption of subsidiary | 0 | 0 | -57 | 0 |
Net deferred tax asset / (liability) at end of the fiscal year | 9.589 | 859 | 2.910 | 2.383 |
31/12/2024 | GROUP | COMPANY | ||
Assets | Liabilities | Assets | Liabilities | |
Tax losses and interest expense carried forward | 13.146 | 0 | 7.237 | 0 |
Inventories–intercompany profit | 30 | -445 | 0 | 0 |
Financial assets | 2.134 | -1.261 | 0 | 0 |
Long term receivables | 0 | -62 | 0 | 0 |
Provisions | 1.329 | -1.789 | 313 | 0 |
Tangible assets | -9.686 | -1.261 | 900 | 0 |
Intangibles assets | 800 | 3.036 | 0 | -5.246 |
Short term receivables | 17 | -3.998 | 0 | -688 |
Accrued expenses | 0 | -179 | 0 | 284 |
Long term liabilities | 62 | 73 | 2 | 0 |
Short term liabilities | 3.284 | -78 | 87 | 0 |
Short term loans | 4.438 | 0 | 22 | 0 |
Total | 15.553 | -5.964 | 8.561 | -5.651 |
1/1-31/12/2024 | Income Statement | |
Deferred income tax (continuing operations) | GROUP | COMPANY |
Prior years’ tax losses utilized | 5.222 | 0 |
Interest expense tax carry forward | 0 | 0 |
Accrued expenses | 462 | 91 |
Tangible assets | -13.004 | -72 |
Intangible assets | -4.000 | -743 |
Financial assets | -2.117 | 0 |
Short term receivables | 701 | 0 |
Long Term receivables | 0 | 0 |
Inventories–impairment | 163 | 0 |
Short term provisions | -523 | 0 |
Short term liabilities | 1.307 | 159 |
Long term liabilities | 2.920 | -20 |
Discontinued operations | 0 | 0 |
Deferred Tax (income) / expense | -8.869 | -585 |
31/12/2023 | GROUP | COMPANY | ||
Assets | Liabilities | Assets | Liabilities | |
Tax losses and interest expense carried forward | 18.076 | 0 | 7.237 | 0 |
Inventories–intercompany profit | 1 | -302 | 0 | 0 |
Financial assets | 0 | -3.241 | 0 | 0 |
Long term receivables | 0 | -2 | 0 | 0 |
Provisions | 958 | 527 | 277 | 0 |
Tangible assets | -4.138 | -1.198 | 900 | 0 |
Intangibles assets | -3.995 | -9.350 | 0 | -6.004 |
Short term receivables | 1 | -3.499 | 0 | -688 |
Accrued expenses | 375 | -103 | 375 | 0 |
Long term liabilities | 785 | -154 | 19 | 0 |
Short term liabilities | 1.502 | 5.035 | 237 | 0 |
Short term loans | 266 | -684 | 31 | 0 |
Total | 13.831 | -12.972 | 9.075 | -6.692 |
1/1-31/12/2023 | Income Statement | |
Deferred income tax (continuing operations) | GROUP | COMPANY |
Prior years’ tax losses utilized | 8.826 | 2.788 |
Interest expense tax carry forward | -3.563 | 0 |
Accrued expenses | 216 | 113 |
Tangible assets | -127 | -88 |
Intangible assets | 751 | 34 |
Financial assets | 3.241 | 0 |
Short term receivables | 2.796 | 0 |
Long Term receivables | 1 | 0 |
Inventories–impairment | 247 | 0 |
Short term provisions | -366 | 0 |
Short term liabilities | -2.276 | 158 |
Long term liabilities | -3.386 | -6 |
Discontinued operations | 0 | 0 |
Deferred Tax (income) / expense | 6.360 | 3.000 |
(total operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Net profit / (loss) attributable to equity holders of the parent | 4.878 | 5.836 | -11.193 | 18.390 |
Weighted average number of shares outstanding | 604.095.621 | 416.040.074 | 604.095.621 | 416.040.074 |
Less: Weighted average number of treasury shares from period movements | ||||
Weighted average number of shares outstanding during the period | 604.095.621 | 416.040.074 | 604.095.621 | 416.040.074 |
Basic earnings / (losses) per share (EPS) (in euro) | 0,0081 € | 0,0140 € | -0,0185 € | 0,0442 € |
(total operations) | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Weighted average number of shares outstanding (for basic EPS) | 604.095.621 | 416.040.074 | 604.095.621 | 416.040.074 |
Effect of potential exercise of options (weighted average number for the period) | 0 | 0 | 0 | 0 |
Weighted average number of shares outstanding (for diluted EPS) | 604.095.621 | 416.040.074 | 604.095.621 | 416.040.074 |
Diluted earnings / (losses) per share (EPS) (in euro) | 0,0081 € | 0,0140 € | -0,0185 € | 0,0442 € |
GROUP | LAND | BUILDINGS AND INSTALLATIONS | MACHINERY AND EQUIPMENT | TRANSPORT EQUIPMENT | FURNITURE AND FIXTURES | ASSETS UNDER CONSTRUCTION | OTHER TANGIBLE ASSETS | Total |
January 1, 2024 | ||||||||
Cost | 0 | 38.567 | 384.914 | 13.000 | 84.165 | 2.695 | 1.791 | 525.132 |
Accumulated depreciation | 0 | -22.102 | -320.501 | -7.294 | -82.074 | 0 | -1.600 | -433.571 |
Net Book value January 1, 2024 | 0 | 16.465 | 64.413 | 5.706 | 2.091 | 2.695 | 191 | 91.560 |
COST | ||||||||
Additions of the period | 0 | 4.280 | 11.226 | 3.494 | 468 | 665 | 9 | 20.142 |
Transfer of assets from (to) other category | 0 | 74 | 0 | -40 | 0 | -34 | 0 | 0 |
Other transfer | 0 | 46 | -275 | 0 | 14 | -71 | 20 | -266 |
Effect from the application of IAS 29 | 0 | 398 | 18.851 | 756 | 719 | 0 | 44 | 20.768 |
Disposal of subsidiaries/change in consolidation method | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Disposals | 0 | 0 | -595 | -200 | -9 | 0 | 0 | -804 |
Impairment / write off | 0 | 0 | -183 | 0 | -22 | 0 | -39 | -244 |
Derecognition due to termination / expiration of lease contracts | 0 | -3.040 | -85 | -4.105 | -8 | 0 | 0 | -7.238 |
Exchange differences | 0 | 1.365 | 14.425 | 511 | -87 | 189 | 0 | 16.403 |
ACCUMULATED DEPRECIATION | ||||||||
Depreciation of the period | 0 | -3.833 | -25.917 | -2.674 | -740 | 0 | -73 | -33.237 |
Disposals | 0 | -29 | 566 | 158 | 0 | 0 | 0 | 695 |
Impairment / write-off | 0 | 0 | 176 | 0 | 22 | 0 | 34 | 232 |
Effect from the application of IAS 29 | 0 | -209 | -16.350 | -353 | -644 | 0 | -44 | -17.600 |
Exchange differences | 0 | -655 | -12.675 | -193 | 101 | 0 | -12 | -13.434 |
Transfer from (to) other category | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other transfer | 0 | 0 | 0 | 201 | -15 | 0 | 0 | 186 |
Derecognition due to termination / expiration of lease contracts | 0 | 3.034 | 85 | 4.078 | 6 | 0 | 0 | 7.203 |
Disposal of subsidiaries/change in consolidation method | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net book value December 31 2024 | 0 | 17.896 | 53.662 | 7.339 | 1.896 | 3.444 | 130 | 84.368 |
Cost | 0 | 41.690 | 428.278 | 13.416 | 85.240 | 3.444 | 1.825 | 573.893 |
Accumulated depreciation | 0 | -23.794 | -374.616 | -6.077 | -83.344 | 0 | -1.695 | -489.525 |
Net book value December 31 2024 | 0 | 17.896 | 53.662 | 7.339 | 1.896 | 3.444 | 130 | 84.368 |
GROUP | LAND | BUILDINGS AND INSTALLATIONS | MACHINERY AND EQUIPMENT | TRANSPORT EQUIPMENT | FURNITURE AND FIXTURES | ASSETS UNDER CONSTRUCTION | OTHER TANGIBLE ASSETS | Total |
January 1, 2023 | ||||||||
Cost | 0 | 37.934 | 391.016 | 9.414 | 84.371 | 8.134 | 1.781 | 532.650 |
Accumulated depreciation | 0 | -20.190 | -310.127 | -5.246 | -81.791 | 0 | -1.527 | -418.881 |
Net Book value January 1, 2023 | 0 | 17.744 | 80.889 | 4.168 | 2.580 | 8.134 | 254 | 113.770 |
COST | ||||||||
Additions of the period | 0 | 1.498 | 9.192 | 4.385 | 300 | 1.096 | 0 | 16.471 |
Transfer of assets from (to) other category | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other transfer | 0 | 302 | 3.304 | 49 | -1 | -5.925 | 41 | -2.230 |
Effect from the application of IAS 29 | 0 | 2.392 | 40.772 | 693 | 1.476 | 2.339 | 104 | 47.776 |
Disposal of subsidiaries/change in consolidation method | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Disposals | 0 | 0 | -507 | -53 | -6 | 0 | 0 | -566 |
Impairment / write off | 0 | -89 | -25 | 0 | -118 | 0 | -1 | -233 |
Derecognition due to termination / expiration of lease contracts | 0 | 0 | 0 | -201 | 0 | 0 | 0 | -201 |
Exchange differences | 0 | -3.470 | -58.840 | -1.287 | -1.858 | -2.948 | -134 | -68.537 |
ACCUMULATED DEPRECIATION | ||||||||
Depreciation of the period | 0 | -2.407 | -26.172 | -2.673 | -764 | 0 | -86 | -32.102 |
Disposals | 0 | 0 | 505 | 26 | 6 | 0 | 0 | 537 |
Impairment / write-off | 0 | 89 | 11 | 0 | 118 | 0 | 0 | 218 |
Effect from the application of IAS 29 | 0 | -2.315 | -33.913 | -584 | -1.413 | 0 | -77 | -38.302 |
Exchange differences | 0 | 2.820 | 49.096 | 947 | 1.769 | 0 | 90 | 54.722 |
Transfer from (to) other category | 0 | -100 | 100 | 0 | 0 | 0 | 0 | 0 |
Other transfer | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Derecognition due to termination / expiration of lease contracts | 0 | 0 | 0 | 234 | 0 | 0 | 0 | 234 |
Disposal of subsidiaries/change in consolidation method | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net book value December 31 2023 | 0 | 16.464 | 64.412 | 5.704 | 2.089 | 2.696 | 191 | 91.560 |
Cost | 0 | 38.567 | 384.912 | 13.000 | 84.164 | 2.696 | 1.791 | 525.130 |
Accumulated depreciation | 0 | -22.103 | -320.500 | -7.296 | -82.075 | 0 | -1.600 | -433.573 |
Net book value December 31 2023 | 0 | 16.464 | 64.412 | 5.704 | 2.089 | 2.696 | 191 | 91.560 |
COMPANY | LAND | BUILDINGS AND INSTALLATIONS | MACHINERY AND EQUIPMENT | TRANSPORT EQUIPMENT | FURNITURE AND FIXTURES | ASSETS UNDER CONSTRUCTION | OTHER TANGIBLE ASSETS | Total |
January 1, 2024 | ||||||||
Cost | 0 | 9.149 | 19.326 | 1.637 | 77.124 | 0 | 0 | 107.237 |
Accumulated depreciation | 0 | -4.716 | -14.958 | -1.156 | -75.584 | 0 | 0 | -96.414 |
Net Book value January 1, 2024 | 0 | 4.433 | 4.368 | 481 | 1.540 | 0 | 0 | 10.821 |
COST | ||||||||
Additions of the period | 0 | 3 | 35 | 567 | 270 | 0 | 0 | 875 |
Transfer of assets from (to) other category | 0 | 40 | 0 | -40 | 0 | 0 | 0 | 0 |
Other transfer | 0 | 0 | 0 | 11 | 0 | 0 | 0 | 11 |
Disposals | 0 | 0 | -36 | -133 | -2 | 0 | 0 | -171 |
Impairment / write off | 0 | 0 | 0 | 0 | -22 | 0 | 0 | -22 |
Acquisition through merger of subsidiary | 0 | 0 | 0 | 0 | 1.488 | 0 | 0 | 1.488 |
Derecognition due to termination / expiration of lease contracts | 0 | 0 | 0 | -405 | 0 | 0 | 0 | -405 |
ACCUMULATED DEPRECIATION | ||||||||
Depreciation of the period | 0 | -670 | -1.814 | -275 | -521 | 0 | 0 | -3.280 |
Disposals | 0 | 0 | 31 | 133 | 1 | 0 | 0 | 165 |
Impairment / write-off | 0 | 0 | 0 | 0 | 22 | 0 | 0 | 22 |
Transfer from (to) other category | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other transfer | 0 | 0 | 0 | -10 | 0 | 0 | 0 | -10 |
Acquisition through merger of subsidiary | 0 | 0 | 0 | 0 | -1.477 | 0 | 0 | -1.477 |
Derecognition due to termination / expiration of lease contracts | 0 | 0 | 0 | 383 | 0 | 0 | 0 | 383 |
Net book value December 31 2024 | 0 | 3.806 | 2.584 | 712 | 1.299 | 0 | 0 | 8.400 |
Cost | 0 | 9.192 | 19.325 | 1.637 | 78.858 | 0 | 0 | 109.012 |
Accumulated depreciation | 0 | -5.386 | -16.741 | -925 | -77.559 | 0 | 0 | -100.611 |
Net book value December 31 2024 | 0 | 3.806 | 2.584 | 712 | 1.299 | 0 | 0 | 8.400 |
COMPANY | LAND | BUILDINGS AND INSTALLATIONS | MACHINERY AND EQUIPMENT | TRANSPORT EQUIPMENT | FURNITURE AND FIXTURES | ASSETS UNDER CONSTRUCTION | OTHER TANGIBLE ASSETS | Total |
January 1, 2023 | ||||||||
Cost | 0 | 9.123 | 19.221 | 1.574 | 77.097 | 0 | 0 | 107.016 |
Accumulated depreciation | 0 | -4.049 | -13.286 | -1.071 | -75.153 | 0 | 0 | -93.559 |
Net Book value January 1, 2023 | 0 | 5.074 | 5.935 | 503 | 1.944 | 0 | 0 | 13.457 |
COST | ||||||||
Additions of the period | 0 | 26 | 3 | 175 | 145 | 0 | 0 | 349 |
Transfer of assets from (to) other category | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other transfer | 0 | 0 | 349 | 0 | 0 | 0 | 0 | 349 |
Disposals | 0 | 0 | -247 | -4 | -1 | 0 | 0 | -252 |
Impairment / write off | 0 | 0 | 0 | 0 | -117 | 0 | 0 | -117 |
Derecognition due to termination / expiration of lease contracts | 0 | 0 | 0 | -108 | 0 | 0 | 0 | -108 |
ACCUMULATED DEPRECIATION | ||||||||
Depreciation of the period | 0 | -667 | -1.918 | -231 | -549 | 0 | 0 | -3.365 |
Disposals | 0 | 0 | 246 | 4 | 1 | 0 | 0 | 251 |
Impairment / write-off | 0 | 0 | 0 | 0 | 117 | 0 | 0 | 117 |
Transfer from (to) other category | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other transfer | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Derecognition due to termination / expiration of lease contracts | 0 | 0 | 0 | 141 | 0 | 0 | 0 | 141 |
Net book value December 31 2023 | 0 | 4.433 | 4.368 | 480 | 1.540 | 0 | 0 | 10.821 |
Cost | 0 | 9.149 | 19.326 | 1.637 | 77.124 | 0 | 0 | 107.236 |
Accumulated depreciation | 0 | -4.716 | -14.958 | -1.157 | -75.584 | 0 | 0 | -96.415 |
Net book value December 31 2023 | 0 | 4.433 | 4.368 | 480 | 1.540 | 0 | 0 | 10.821 |
RIGHT OF USE ASSETS | |||||
GROUP | BUILDINGS AND INSTALLATIONS | TRANSPORT EQUIPMENT | MACHINERY AND EQUIPMENT | FURNITURE AND FIXTURES | Total |
Balance 01/01/2024 | 11.507 | 5.653 | 2.085 | 16 | 19.261 |
Additions | 4.002 | 3.392 | 1.821 | 0 | 9.215 |
Termination/expiration of contracts | -6 | -69 | 0 | -1 | -76 |
Foreign Exchange differences | 566 | 333 | -69 | 0 | 830 |
Effect from IAS 29 | 189 | 342 | 352 | 0 | 883 |
Change of consolidation method / Sale of subsidiary | 0 | 0 | 0 | 0 | 0 |
Depreciation | -3.352 | -2.637 | -2.245 | -8 | -8.241 |
Write off of asset | 0 | 0 | 0 | 0 | 0 |
Transfers | 40 | 160 | 0 | 0 | 200 |
Balance 31/12/2024 | 12.946 | 7.174 | 1.944 | 7 | 22.072 |
GROUP | ||
(continuing operations) | 1/1 -31/12/2024 | 1/1-31/12/2023 |
Depreciation from right of use assets | 8.241 | 5.959 |
Interest expenses from lease liabilities | 1.016 | 964 |
Rental expenses from short-term contracts | 23 | 481 |
Rental expenses from contracts of low value assets | 21 | 60 |
Total amounts recognized in Income Statement | 9.301 | 7.464 |
RIGHT OF USE ASSETS | |||||
COMPANY | BUILDINGS AND INSTALLATIONS | TRANSPORT EQUIPMENT | MACHINERY AND EQUIPMENT | FURNITURE AND FIXTURES | Total |
Balance 01/01/2024 | 1.926 | 441 | 0 | 14 | 2.381 |
Additions | 3 | 567 | 0 | 0 | 570 |
Termination/expiration of contracts | 0 | -23 | 0 | 0 | -23 |
Write off of asset | 0 | 0 | 0 | 0 | 0 |
Depreciation | -517 | -275 | 0 | -7 | -799 |
Balance 31/12/2024 | 1.412 | 710 | 0 | 7 | 2.129 |
GROUP | GOODWILL | SOFTWARE | DEVELOPMENT COSTS (Internally generated) ¹ | OTHER | INDUSTRIAL PROPERTY RIGHTS & LICENSES | Total |
January 1, 2024 | ||||||
Cost | 39 | 76.962 | 219.592 | 43.513 | 245.253 | 585.359 |
Accumulated depreciation | 0 | -63.770 | -160.413 | -30.113 | -148.741 | -403.037 |
Net Book value January 1, 2024 | 39 | 13.192 | 59.179 | 13.400 | 96.512 | 182.322 |
COST | ||||||
Additions of the period | 0 | 556 | 6.615 | 11.861 | 4 | 19.036 |
Transfer of assets from (to) other category | 0 | 0 | 102 | -102 | 0 | 0 |
Transfer from (to) inventories and tangible assets | 0 | 2 | 0 | 0 | 0 | 2 |
Effect from the application of IAS 29 | 0 | 2.162 | 0 | 59 | 26.198 | 28.419 |
Disposal of subsidiaries/change in consolidation method | 0 | 0 | 0 | 0 | 0 | 0 |
Disposals | 0 | -89 | 0 | -44 | 0 | -133 |
Impairment / write off | 0 | 0 | 0 | 0 | 0 | 0 |
Exchange differences | -6 | 292 | 174 | 2.215 | -3.269 | -591 |
ACCUMULATED DEPRECIATION | ||||||
Depreciation of the period | 0 | -5.021 | -9.188 | -6.273 | -17.165 | -37.646 |
Disposals | 0 | 89 | 0 | 1 | 0 | 90 |
Impairment / write-off | 0 | 0 | 0 | 0 | 0 | 0 |
Effect from the application of IAS 29 | 0 | -1.655 | 0 | -24 | -9.749 | -11.428 |
Exchange differences | 0 | -207 | -72 | -1.686 | 1.358 | -607 |
Transfer from (to) other category | 0 | 0 | 0 | 0 | 0 | 0 |
Transfer from (to) inventories and tangible assets | 0 | 0 | 0 | 0 | 0 | 0 |
Disposal of subsidiaries/change in consolidation method | 0 | 0 | 0 | 0 | 0 | 0 |
Net book value December 31 2024 | 33 | 9.321 | 56.810 | 19.407 | 93.889 | 179.460 |
Cost | 33 | 79.885 | 226.483 | 57.502 | 268.186 | 632.089 |
Accumulated depreciation | 0 | -70.564 | -169.673 | -38.095 | -174.297 | -452.626 |
Net book value December 31 2024 | 33 | 9.321 | 56.810 | 19.407 | 93.889 | 179.460 |
GROUP | GOODWILL | SOFTWARE | DEVELOPMENT COSTS (Internally generated) ¹ | OTHER | INDUSTRIAL PROPERTY RIGHTS & LICENSES | Total |
January 1, 2023 | ||||||
Cost | 190 | 79.298 | 216.485 | 37.989 | 247.918 | 581.880 |
Accumulated depreciation | 0 | -63.313 | -150.426 | -26.074 | -133.460 | -373.273 |
Net Book value January 1, 2023 | 190 | 15.985 | 66.059 | 11.915 | 114.458 | 208.607 |
COST | ||||||
Additions of the period | 0 | 2.245 | 3.146 | 7.505 | 76 | 12.972 |
Transfer of assets from (to) other category | 0 | 0 | 0 | 0 | 0 | 0 |
Transfer from (to) inventories and tangible assets | -4 | 930 | 918 | -418 | 0 | 1.426 |
Effect from the application of IAS 29 | 0 | 4.411 | -533 | -21 | 39.030 | 42.887 |
Disposal of subsidiaries/change in consolidation method | 0 | 0 | 0 | 0 | 0 | 0 |
Disposals | 0 | 0 | 0 | 0 | 0 | 0 |
Impairment / write off | 0 | -3.258 | -3 | 0 | 0 | -3.261 |
Exchange differences | -147 | -6.665 | -423 | -1.545 | -41.770 | -50.547 |
ACCUMULATED DEPRECIATION | ||||||
Depreciation of the period | 0 | -5.216 | -9.745 | -5.150 | -15.630 | -35.741 |
Disposals | 0 | 0 | 0 | 0 | 0 | 0 |
Impairment / write-off | 0 | 3.077 | -1.044 | 0 | -5 | 2.028 |
Effect from the application of IAS 29 | 0 | -3.351 | 508 | -33 | -11.085 | -13.961 |
Exchange differences | 0 | 5.033 | 294 | 1.145 | 11.440 | 17.912 |
Transfer from (to) other category | 0 | 0 | 0 | 0 | 0 | 0 |
Transfer from (to) inventories and tangible assets | 0 | 0 | 0 | 0 | 0 | 0 |
Disposal of subsidiaries/change in consolidation method | 0 | 0 | 0 | 0 | 0 | 0 |
Net book value December 31 2023 | 39 | 13.191 | 59.177 | 13.398 | 96.514 | 182.322 |
Cost | 39 | 76.961 | 219.590 | 43.510 | 245.254 | 585.354 |
Accumulated depreciation | 0 | -63.770 | -160.413 | -30.112 | -148.740 | -403.032 |
Net book value December 31 2023 | 39 | 13.191 | 59.177 | 13.398 | 96.514 | 182.322 |
COMPANY | GOODWILL | SOFTWARE | DEVELOPMENT COSTS (Internally generated) ¹ | OTHER | INDUSTRIAL PROPERTY RIGHTS & LICENSES | Total |
January 1, 2024 | ||||||
Cost | 0 | 24.274 | 171.346 | 0 | 24.070 | 219.690 |
Accumulated depreciation | 0 | -24.274 | -126.268 | 0 | -23.763 | -174.305 |
Net Book value January 1, 2024 | 0 | 0 | 45.078 | 0 | 307 | 45.385 |
COST | ||||||
Additions of the period | 0 | 113 | 3.115 | 0 | 0 | 3.228 |
ACCUMULATED DEPRECIATION | ||||||
Depreciation of the period | 0 | -113 | -6.467 | 0 | -160 | -6.740 |
Impairment / write-off | 0 | 0 | 0 | 0 | 0 | 0 |
Transfer from (to) other category | 0 | 0 | 0 | 0 | 0 | 0 |
Net book value December 31 2024 | 0 | 0 | 41.726 | 0 | 147 | 41.873 |
Cost | 0 | 24.387 | 174.461 | 0 | 24.070 | 222.918 |
Accumulated depreciation | 0 | -24.387 | -132.735 | 0 | -23.923 | -181.045 |
Net book value December 31 2024 | 0 | 0 | 41.726 | 0 | 147 | 41.873 |
COMPANY | LAND | BUILDINGS AND INSTALLATIONS | MACHINERY AND EQUIPMENT | TRANSPORT EQUIPMENT | FURNITURE AND FIXTURES | ASSETS UNDER CONSTRUCTION | OTHER TANGIBLE ASSETS | Total |
January 1, 2023 | ||||||||
Cost | 0 | 9.123 | 19.221 | 1.574 | 77.097 | 0 | 0 | 107.016 |
Accumulated depreciation | 0 | -4.049 | -13.286 | -1.071 | -75.153 | 0 | 0 | -93.559 |
Net Book value January 1, 2023 | 0 | 5.074 | 5.935 | 503 | 1.944 | 0 | 0 | 13.457 |
COST | ||||||||
Additions of the period | 0 | 26 | 3 | 175 | 145 | 0 | 0 | 349 |
Transfer of assets from (to) other category | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other transfer | 0 | 0 | 349 | 0 | 0 | 0 | 0 | 349 |
Disposals | 0 | 0 | -247 | -4 | -1 | 0 | 0 | -252 |
Impairment / write off | 0 | 0 | 0 | 0 | -117 | 0 | 0 | -117 |
Derecognition due to termination / expiration of lease contracts | 0 | 0 | 0 | -108 | 0 | 0 | 0 | -108 |
ACCUMULATED DEPRECIATION | ||||||||
Depreciation of the period | 0 | -667 | -1.918 | -231 | -549 | 0 | 0 | -3.365 |
Disposals | 0 | 0 | 246 | 4 | 1 | 0 | 0 | 251 |
Impairment / write-off | 0 | 0 | 0 | 0 | 117 | 0 | 0 | 117 |
Transfer from (to) other category | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other transfer | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Derecognition due to termination / expiration of lease contracts | 0 | 0 | 0 | 141 | 0 | 0 | 0 | 141 |
Net book value December 31 2023 | 0 | 4.433 | 4.368 | 480 | 1.540 | 0 | 0 | 10.822 |
Cost | 0 | 9.149 | 19.326 | 1.637 | 77.124 | 0 | 0 | 107.236 |
Accumulated depreciation | 0 | -4.716 | -14.958 | -1.157 | -75.584 | 0 | 0 | -96.415 |
Net book value December 31 2023 | 0 | 4.433 | 4.368 | 480 | 1.540 | 0 | 0 | 10.821 |
CGU (amounts in mil. €) | 2024 | 2023 |
Lottery | 35,5 | 39,7 |
Sports Betting | 15,9 | 19,7 |
VLT | 6,9 | 6,6 |
Total | 58,3 | 66,0 |
CGU | Discount rate | Royalty rate | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Lottery | 11,1% | 11,7% | 23,5% | 18,5% |
Sports Betting | 11,1% | 11,7% | 23,5% | 18,5% |
VLT | 11,1% | 11,7% | 23,5% | 18,5% |
GROUP INVESTMENT IN ASSOCIATES AND JOINT VENTURES | % Participation | Country | 31/12/2024 | 31/12/2023 |
LOTRICH INFORMATION Co LTD | 40% | Taiwan | 6.196 | 6.278 |
KARENIA ENTERPRISES COMPANY LTD | 50% | Cyprus | 9.694 | 8.927 |
Other | 561 | 20 | ||
Total | 16.451 | 15.226 |
GROUP INVESTMENT IN ASSOCIATES AND JOINT VENTURES | 31/12/2024 | 31/12/2023 |
Opening Balance | 15.226 | 13.178 |
Participation in net profit / (loss) of associates and joint ventures | 362 | 235 |
Exchange differences | -56 | -217 |
Impairment /Reverse of impairment | 0 | 0 |
Dividends | -196 | -221 |
Increase of share capital | 760 | 2.250 |
Additions in kind | 0 | 0 |
Other | 355 | 0 |
Closing Balance | 16.451 | 15.226 |
COMPANY INVESTMENT IN ASSOCIATES AND JOINT VENTURES | % Participation | Country | 31/12/2024 | 31/12/2023 |
Lotrich Information Co LTD | 40% | Taiwan | 5.131 | 5.131 |
Total | 5.131 | 5.131 |
COMPANY INVESTMENT IN SUBSIDIARIES | % Participation | Country | 31/12/2024 | 31/12/2023 |
ΙΝTRALOT HOLDINGS INTERNATIONAL LTD | 100% | Cyprus | 544 | 464 |
BETTING COMPANY S.A. 1 | 100% | Greece | 0 | 352 |
INTELTEK INTERNET AS | 100% | Turkey | 659 | 659 |
BILYONER INTERAKTIF HIZMELTER AS GROUP | 50% | Turkey | 10.751 | 10.751 |
INTRALOT GLOBAL SECURITIES B.V. | 100% | Netherlands | 187.461 | 176.461 |
INTRALOT GLOBAL HOLDINGS B.V. | 0,02% | Netherlands | 76.374 | 76.374 |
INTRALOT IBERIA HOLDINGS S.A. | 100% | Spain | 5.638 | 5.638 |
INTRALOT MAROC S.A. | 100% | Morocco | 427 | 0 |
Other | 0 | 27 | ||
Total | 281.854 | 270.726 | ||
Grand Total | 286.985 | 275.857 |
COMPANY INVESTMENT IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES | 31/12/2024 | 31/12/2023 |
Opening Balance | 275.857 | 268.948 |
Increase of share capital of subsidiary | 11.480 | 0 |
Provisions/ reversals of provisions for impairment of subsidiaries 1 | 0 | 6.762 |
Capitalization of receivables from subsidiaries | 0 | 0 |
Liquidations | -352 | -65 |
Return of subsidiaries’ capital | 0 | 0 |
Acquisition of additional percentage in an existing subsidiary | 0 | 212 |
Closing Balance | 286.985 | 275.857 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Opening Balance | 159 | 95 | 159 | 84 |
Purchases | 0 | 0 | 0 | 0 |
Disposals | 0 | 0 | 0 | 0 |
Receipts | 0 | -3 | 0 | 0 |
Fair value revaluation | -20 | 74 | -20 | 74 |
Foreign exchange differences | 0 | -8 | 0 | 0 |
Closing balance | 139 | 159 | 139 | 159 |
Quoted securities | 139 | 159 | 139 | 159 |
Unquoted securities 1 | 0 | 0 | 0 | 0 |
Total | 139 | 159 | 139 | 159 |
Long-term Financial Assets | 139 | 159 | 139 | 159 |
Short-term Financial Assets | 0 | 0 | 0 | 0 |
Total | 139 | 159 | 139 | 159 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Receivables from related parties (note 2.31.E) | 456 | 456 | 0 | 0 |
Minus: Provisions for doubtful receivables | 0 | 0 | 0 | 0 |
Guarantees | 3.289 | 1.462 | 44 | 44 |
Other receivables 1 | 26.177 | 24.986 | 25.677 | 24.267 |
Minus: Provisions for doubtful receivables | -24 | -24 | 0 | 0 |
Total | 29.899 | 26.880 | 25.721 | 24.311 |
Reconciliation of changes in provisions for impairment of long-term receivables | GROUP | COMPANY | ||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Opening Balance | -24 | -24 | 0 | 0 |
Provisions for the period for receivables from third parties | 0 | 0 | 0 | 0 |
Transfer from/to short term receivables | 0 | 0 | 0 | 0 |
Transfer to investments in subsidiaries | 0 | 0 | 0 | 0 |
Sale of subsidiary | 0 | 0 | 0 | 0 |
Exchange differences | 0 | 0 | 0 | 0 |
Closing Balance | -24 | -24 | 0 | 0 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Trade receivables (third parties) | 67.071 | 55.267 | 13.448 | 15.468 |
Minus: Doubtful provisions | -9.947 | -9.967 | -7.897 | -7.897 |
Trade receivables from related entities and other related parties (note 2.31.E) | 7.254 | 11.928 | 46.868 | 62.619 |
Minus: Doubtful provisions from related entities and other related parties | -849 | -242 | -463 | -463 |
Total trade receivables | 63.529 | 56.986 | 51.956 | 69.727 |
Other receivables (third parties) | 4.608 | 9.118 | 1.956 | 3.807 |
Minus: Doubtful provisions | -2.968 | -3.050 | -1.838 | -1.838 |
Other receivables from related entities and other related parties (note 2.31.E) | 9.022 | 7.811 | 72.188 | 22.878 |
Minus: Doubtful provisions from related entities and other related parties | 0 | 0 | 0 | 0 |
Pledged bank deposits | 29.939 | 5.950 | 25.859 | 2.150 |
Tax receivables | 38.096 | 30.709 | 19.081 | 18.165 |
Prepaid expenses and other receivables | 13.088 | 12.391 | 2.932 | 2.209 |
Total other receivables | 91.785 | 62.929 | 120.178 | 47.371 |
Total | 155.314 | 119.915 | 172.134 | 117.098 |
GROUP | COMPANY | |||
31/12/2024 | Trade receivables | Doubtful provisions | Trade receivables | Doubtful provisions |
Not past due | 41.191 | 0 | 7.675 | 0 |
Past due less than 30 days | 4.440 | -7 | 1.983 | 0 |
Past due 30-60 days | 2.741 | 0 | 152 | 0 |
Past due 60-90 days | 2.196 | 0 | 2.029 | 0 |
Past due 90-120 days | 968 | 0 | 291 | 0 |
Past due more than 120 days | 22.789 | -10.788 | 48.187 | -8.360 |
Total | 74.324 | -10.795 | 60.316 | -8.360 |
63.529 | 51.956 |
GROUP | COMPANY | |||
31/12/2023 | Trade receivables | Doubtful provisions | Trade receivables | Doubtful provisions |
Not past due | 31.946 | 0 | 10.719 | 0 |
Past due less than 30 days | 7.480 | -40 | 1.249 | 0 |
Past due 30-60 days | 7.989 | 0 | 3.524 | 0 |
Past due 60-90 days | 2.222 | 0 | 2.338 | 0 |
Past due 90-120 days | 1.235 | 0 | 1.063 | 0 |
Past due more than 120 days | 16.321 | -10.169 | 59.194 | -8.360 |
Total | 67.196 | -10.210 | 78.087 | -8.360 |
56.986 | 69.727 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Cash and bank current accounts | 60.981 | 97.983 | 4.157 | 3.697 |
Short term time deposits/investments (cash equivalents) | 3.324 | 13.931 | 1.000 | 12.905 |
Total | 64.305 | 111.915 | 5.157 | 16.602 |
Total number of authorized shares | 31/12/2024 | 31/12/2023 |
Ordinary shares of nominal value €0,30 each | 604.095.621 | 604.095.621 |
Issued and fully paid shares | Number of Ordinary Shares | €’000 |
Balance December 31,2024 | 604.095.621 | 181.229 |
31/12/2024 | 31/12/2023 | Change | |
EUR / USD | 1,04 | 1,10 | -5,5% |
EUR / AUD | 1,68 | 1,63 | 3,1% |
EUR / TRY | 36,74 | 32,65 | 12,5% |
EUR / ARS | 1.067,48 | 894,54 | 19,3% |
AVG 1/1- 31/12/2024 | AVG 1/1- 31/12/2023 | Change | |
EUR / USD | 1,08 | 1,08 | 0,0% |
EUR / AUD | 1,64 | 1,63 | 0,6% |
EUR / TRY¹ | 36,74 | 32,65 | 12,5% |
EUR / ARS ¹ | 1.067,48 | 894,54 | 19,3% |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Statutory Reserve | 25.430 | 23.841 | 17.049 | 15.896 |
Extraordinary Reserves | 4.192 | 4.192 | 1.456 | 1.456 |
Tax Free and Specially Taxed Reserves | 44.355 | 40.655 | 44.091 | 40.391 |
Treasury shares reserve | 0 | -760 | 0 | -760 |
Actuarial differences reserve | -77 | -33 | -21 | 21 |
Revaluation reserve | -361 | 741 | -45 | -29 |
Total operations | 73.539 | 68.635 | 62.530 | 56.976 |
GROUP 1/1-31/12/2024 | Actuarial differences Reserve | Revaluation Reserve | Foreign currency translation reserve | Total | Non-controlling interest | Grand Total |
Defined benefit plans revaluation for subsidiaries and parent company | -27 | 0 | 0 | -27 | 12 | -15 |
Valuation of assets measured at fair value through other comprehensive income of parent and subsidiaries | 0 | -2.098 | 0 | -2.098 | 0 | -2.098 |
Foreign exchange differences on consolidation of subsidiaries | 0 | 0 | -2.570 | -2.570 | -2.144 | -4.714 |
Share of foreign exchange differences on consolidation of associates and joint ventures | 0 | 0 | -61 | -61 | 0 | -61 |
Total operations | -27 | -2.098 | -2.631 | -4.756 | -2.132 | -6.887 |
GROUP 1/1-31/12/2023 | Actuarial differences Reserve | Revaluation Reserve | Foreign currency translation reserve | Total | Non-controlling interest | Grand Total |
Defined benefit plans revaluation for subsidiaries and parent company | 8 | 0 | 0 | 8 | 0 | 8 |
Revaluation of defined benefit plans of associates and joint ventures | 0 | 0 | 0 | 0 | 0 | 0 |
Valuation of assets measured at fair value through other comprehensive income of parent and subsidiaries | 0 | 80 | 0 | 80 | 0 | 80 |
Foreign exchange differences on consolidation of subsidiaries | 0 | 0 | -8.609 | -8.609 | -7.443 | -16.052 |
Share of foreign exchange differences on consolidation of associates and joint ventures | 0 | 0 | 525 | 525 | 0 | 525 |
Total operations | 8 | 80 | -8.084 | -7.996 | -7.443 | -15.439 |
COMPANY 1/1-31/12/2024 | Actuarial differences Reserve | Revaluation Reserve | Total |
Defined benefit plans revaluation | -45 | 0 | -45 |
Valuation of assets measured at fair value through other comprehensive income | 0 | -17 | -17 |
Other comprehensive income / (expenses) after tax | -45 | -17 | -62 |
COMPANY 1/1-31/12/2023 | Actuarial differences Reserve | Revaluation Reserve | Total |
Defined benefit plans revaluation | -1 | 0 | -1 |
Valuation of assets measured at fair value through other comprehensive income | 0 | 80 | 80 |
Other comprehensive income / (expenses) after tax | -1 | 80 | 79 |
GROUP | COMPANY | |||
Declared dividends to minority shareholders: | 31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 |
Final dividend of 2022 | 0 | 4.571 | 0 | 0 |
Final dividend of 2023 | 6.123 | 0 | 0 | 0 |
Dividend per statement of changes in equity | 6.123 | 4.571 | 0 | 0 |
GROUP | COMPANY | ||||
Interest rate | 31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Facility B (€500,0 million) | 5,25% | 0 | 232.128 | 0 | 0 |
Supplemental Indenture (€2,1 million) | 0,001% | 2.073 | 2.073 | 0 | 0 |
Bank Loan ($ 230 million) | Floating rate | 193.206 | 194.271 | 0 | 0 |
Syndicated bond loan (€100 million) | Floating rate | 94.216 | 0 | 94.216 | 0 |
Retail bond (€130 million) | 6,00% | 128.704 | 0 | 128.704 | 0 |
Intercompany Loans | - | 0 | 0 | 69 | 158.536 |
Other | - | 6.676 | 840 | 0 | 0 |
Total Loans (long-term and short-term) | 424.875 | 429.312 | 222.989 | 158.536 | |
Less: Payable during the next year | -126.819 | -247.182 | -96.891 | -158.536 | |
Long-term loans | 298.057 | 182.132 | 126.098 | 0 | |
Long-term lease liabilities ¹ | 12.468 | 11.104 | 494 | 318 | |
Total long-term debt (loans and lease liabilities) | 310.525 | 193.236 | 126.592 | 318 |
GROUP | COMPANY | ||||
Interest rate | 31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Facility B (€500,0 million) | 5,25% | 0 | 232.128 | 0 | 0 |
Supplemental Indenture (€2,1 million) | 0,001% | 0 | 0 | 0 | 0 |
Bank Loan ($ 230 million) | Floating rate | 23.320 | 14.213 | 0 | 0 |
Syndicated bond loan (€100 million) | Floating rate | 94.216 | 0 | 94.216 | 0 |
Retail bond (€130 million) | 6,00% | 2.606 | 0 | 0 | 0 |
Intercompany Loans | - | 0 | 0 | 69 | 158.536 |
Other | - | 6.676 | 840 | 2.606 | 0 |
Short-term loans | 126.819 | 247.181 | 96.891 | 158.536 | |
Short-term lease liabilities ¹ | 6.830 | 4.726 | 318 | 314 | |
Total short-term debt (loans and lease liabilities) | 133.649 | 251.908 | 97.209 | 158.850 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Total debt (loans and lease liabilities) | 444.174 | 445.144 | 223.801 | 159.168 |
GROUP | Minimum of the lease payments | Present value of the minimum lease payments | Minimum of the lease payments | Present value of the minimum lease payments |
31/12/2024 | 31/12/2024 | 31/12/2023 | 31/12/2023 | |
Within 1 year | 7.293 | 6.830 | 5.434 | 4.726 |
Between 2 and 5 years | 11.254 | 10.354 | 9.532 | 8.622 |
Over 5 years | 2.243 | 2.113 | 2.440 | 2.482 |
Minus: Interest | -1.492 | 0 | -1.576 | 0 |
Total | 19.298 | 19.298 | 15.830 | 15.830 |
COMPANY | Minimum of the lease payments | Present value of the minimum lease payments | Minimum of the lease payments | Present value of the minimum lease payments |
31/12/2024 | 31/12/2024 | 31/12/2023 | 31/12/2023 | |
Within 1 year | 360 | 318 | 345 | 314 |
Between 2 and 5 years | 541 | 494 | 349 | 318 |
Over 5 years | 0 | 0 | 0 | 0 |
Minus: Interest | -89 | 0 | -62 | 0 |
Total | 812 | 812 | 632 | 632 |
Non cash adjustments | |||||||||
Group | BALANCE 31/12/2023 | Cash flows | Finance cost | Foreign exchange differences & IAS 29 effect | Transfers | Impact from debt restructuring | Purchases of fixed assets under leases/contract cancellation | Change of consolidation method & other transfers | BALANCE 31/12/2024 |
Long term loans | 182.132 | 179.808 | 30.859 | 11.823 | -105.965 | -599 | 0 | 0 | 298.057 |
Short term loans | 247.182 | -233.727 | 6.734 | 23 | 105.965 | 643 | 0 | 0 | 126.818 |
Long term lease liabilities | 11.105 | -7.129 | 1.016 | 615 | -405 | 0 | 7.267 | 0 | 12.468 |
Short term lease liabilities | 4.725 | -716 | 0 | 256 | 405 | 0 | 2.159 | 0 | 6.830 |
Total liabilities from financing activities | 445.144 | -61.764 | 38.609 | 12.717 | 0 | 44 | 9.426 | 0 | 444.174 |
Non cash adjustments | |||||||||
Group | BALANCE 31/12/2022 | Cash flows | Finance cost | Foreign exchange differences & IAS 29 effect | Transfers | Impact from debt restructuring | Purchases of fixed assets under leases/contract cancellation | Change of consolidation method & other transfers | BALANCE 31/12/2023 |
Long term loans | 558.929 | -179.264 | 38.318 | -7.017 | -229.444 | 609 | 0 | 0 | 182.132 |
Short term loans | 17.774 | -5 | 86 | -117 | 229.444 | 0 | 0 | 0 | 247.182 |
Long term lease liabilities | 11.424 | -6.951 | 964 | -85 | -398 | 0 | 6.151 | 0 | 11.104 |
Short term lease liabilities | 4.698 | 0 | 0 | -371 | 398 | 0 | 0 | 0 | 4.726 |
Total liabilities from financing activities | 592.825 | -186.220 | 39.368 | -7.590 | 0 | 609 | 6.151 | 0 | 445.144 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
From 1 to 5 years | 422.802 | 427.210 | 222.989 | 0 |
More than 5 years | 2.073 | 2.073 | 0 | 0 |
Total | 424.875 | 429.283 | 222.989 | 0 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
From 1 to 5 years | 10.354 | 8.622 | 494 | 318 |
More than 5 years | 2.113 | 2.482 | 0 | 0 |
Total | 12.467 | 11.104 | 494 | 318 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Loans in EUR | 128.171 | 2.073 | 126.098 | 0 |
Loans in USD | 169.886 | 180.058 | 0 | 0 |
Loans in BGL | 0 | 0 | 0 | 0 |
Total | 298.057 | 182.131 | 126.098 | 0 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Leases in EUR | 625 | 360 | 494 | 318 |
Leases in USD | 11.297 | 9.980 | 0 | 0 |
Leases in BGL | 0 | 0 | 0 | 0 |
Leases in NZD | 2 | 62 | 0 | 0 |
Leases in AUD | 67 | 323 | 0 | 0 |
Leases in MAD | 0 | 0 | 0 | 0 |
Leases in ARS | 295 | 103 | 0 | 0 |
Leases in TRY | 160 | 255 | 0 | 0 |
Leases in BRL | 21 | 20 | 0 | 0 |
Total | 12.467 | 11.103 | 494 | 318 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Loans in EUR | 96.822 | 232.129 | 96.891 | 158.536 |
Loans in USD | 23.320 | 15.025 | 0 | 0 |
Loans in TRY | 6.676 | 28 | 0 | 0 |
Total | 126.818 | 247.182 | 96.891 | 158.536 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Leases in EUR | 380 | 570 | 318 | 314 |
Leases in USD | 5.217 | 3.401 | 0 | 0 |
Leases in MAD | 277 | 12 | 0 | 0 |
Leases in NZD | 61 | 94 | 0 | 0 |
Leases in AUD | 296 | 268 | 0 | 0 |
Leases in ARS | 64 | 8 | 0 | 0 |
Leases in CLP | 23 | 23 | 0 | 0 |
Leases in TRY | 451 | 335 | 0 | 0 |
Leases in BRL | 62 | 15 | 0 | 0 |
Total | 6.831 | 4.726 | 318 | 314 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Present Value of unfunded liability | 1.651 | 1.559 | 1.423 | 1.258 |
Reconsideration of opening balance from IAS 19 effect | 0 | 0 | 0 | 0 |
Unrecognized actuarial losses | 0 | 0 | 0 | 0 |
Net liability on the financial position | 1.651 | 1.559 | 1.423 | 1.258 |
Components of the net retirement cost in the year: | ||||
Current service cost | 182 | 214 | 100 | 135 |
Finance cost | 68 | 49 | 44 | 32 |
Effect of cutting / settlement / termination benefits | 211 | 666 | 160 | 523 |
Intragroup staff transfer | 0 | 0 | 0 | 0 |
Debit to income statement (note 2.4) | 461 | 929 | 304 | 690 |
Additional service cost | 0 | 0 | 0 | 0 |
Total charge to income statement | 461 | 929 | 304 | 690 |
Actuarial (gains) / losses recognized in other comprehensive income (before deferred tax) | 33 | -10 | 57 | 1 |
Deferred tax attributable to actuarial (gains)/losses | -18 | 2 | -13 | 0 |
Total debit/(credit) / losses in other comprehensive income | 15 | -8 | 45 | 1 |
Reconciliation of benefit liabilities: | ||||
Net liability at beginning of year | 1.559 | 1.411 | 1.258 | 1.153 |
Revaluation from reconsideration of IAS 19 | 0 | 0 | 0 | 0 |
Service cost | 182 | 214 | 100 | 135 |
Finance cost | 68 | 49 | 44 | 32 |
Effect of cutting / settlement / termination benefits | 211 | 666 | 160 | 523 |
Benefits paid | -394 | -814 | -265 | -587 |
Intragroup staff transfer | 0 | 0 | 0 | 0 |
Impact due to absorption of subsidiary | 0 | 0 | 68 | 0 |
Actuarial (gains) / losses | 33 | -10 | 57 | 1 |
Exchange differences | -7 | 43 | 0 | 0 |
Present Value of the liability at end of year | 1.651 | 1.559 | 1.423 | 1.258 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Discount rate | 2,78% | 3.45% | 2,78% | 3.45% |
Percentage of annual salary increases | 2,10% | 2,10% | 2,10% | 2,10% |
Increase in Consumer Price Index | 2,00% | 2.10% | 2,00% | 2.10% |
GROUP | COMPANY | |||
Effect on current service cost | increase 0,5% | decrease 0,5% | increase 0,5% | decrease 0,5% |
Discount rate | -7 | 8 | -6 | 7 |
Percentage of annual salary increases | 7 | -7 | 6 | -6 |
GROUP | COMPANY | |||
Effect on present value of liability | increase 0,5% | decrease 0,5% | increase 0,5% | decrease 0,5% |
Discount rate | -38 | 40 | -32 | 34 |
Percentage of annual salary increases | 36 | -35 | 31 | -30 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Change in economic assumptions | 31 | -29 | 42 | -46 |
Change in demographic assumptions | 3 | 0 | 2 | 0 |
Change due to experience and other assumptions change | -1 | 19 | 13 | 47 |
Actuarial (gains) / losses in other comprehensive income (before deferred tax) | 33 | -10 | 57 | 1 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Deferred Income | 0 | 116 | 0 | 0 |
Other liabilities | 59 | 57 | 0 | 0 |
Guarantees | 10 | 18 | 10 | 18 |
Total | 69 | 191 | 10 | 18 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Creditors | 24.619 | 27.841 | 4.159 | 4.380 |
Amounts due to related parties (Note 2.31.E) | 2.352 | 1.732 | 20.636 | 22.694 |
Winnings payable | 0 | 155 | 0 | 0 |
Other creditors | 5.774 | 16.673 | 290 | 230 |
Deferred Income | 3.407 | 6.014 | 394 | 1.076 |
Accrued expenses for the period | 2.353 | 2.210 | 776 | 725 |
Taxes | 6.885 | 6.826 | 1.092 | 915 |
Dividends payable | 0 | 0 | 0 | 0 |
Total | 45.390 | 61.452 | 27.347 | 30.020 |
31/12/2024 | GROUP | |||
Financial assets: | Debt instruments at amortized cost | Equity instruments at fair value through other comprehensive income | Derivative financial assets at fair value through other comprehensive income | Total |
Trade receivables | 67.071 | 0 | 0 | 67.071 |
Provisions for doubtful receivables | -9.947 | 0 | 0 | -9.947 |
Receivables from related parties | 16.732 | 0 | 0 | 16.732 |
Provisions for doubtful receivables from related parties | -849 | 0 | 0 | -849 |
Pledged bank deposits | 29.939 | 0 | 0 | 29.939 |
Οther receivable | 30.785 | 0 | 0 | 30.785 |
Provisions for doubtful receivables (other receivable) | -2.992 | 0 | 0 | -2.992 |
Other quoted financial assets | 0 | 139 | 0 | 139 |
Other unquoted financial assets | 0 | 0 | 0 | 0 |
Total | 130.740 | 139 | 0 | 130.878 |
Long-term | 26.609 | 139 | 0 | 26.748 |
Short-term | 104.130 | 0 | 0 | 104.130 |
Total | 130.740 | 139 | 0 | 130.878 |
31/12/2023 | GROUP | |||
Financial assets: | Debt instruments at amortized cost | Equity instruments at fair value through other comprehensive income | Derivative financial assets at fair value through other comprehensive income | Total |
Trade receivables | 55.267 | 0 | 0 | 55.267 |
Provisions for doubtful receivables | -9.967 | 0 | 0 | -9.967 |
Receivables from related parties | 20.195 | 0 | 0 | 20.195 |
Provisions for doubtful receivables from related parties | -243 | 0 | 0 | -243 |
Pledged bank deposits | 5.950 | 0 | 0 | 5.950 |
Οther receivable | 34.103 | 0 | 0 | 34.103 |
Provisions for doubtful receivables (other receivable) | -3.074 | 0 | 0 | -3.074 |
Other quoted financial assets | 0 | 159 | 0 | 159 |
Other unquoted financial assets | 0 | 0 | 0 | 0 |
Total | 102.232 | 159 | 0 | 102.391 |
Long-term | 25.417 | 159 | 0 | 25.576 |
Short-term | 76.815 | 0 | 0 | 76.815 |
Total | 102.232 | 159 | 0 | 102.391 |
31/12/2024 | GROUP | |||
Financial liabilities: | Financial liabilities measured at amortized cost | Financial liabilities at fair value through profit and loss | Financial liabilities at fair value through other comprehensive income | Total |
Creditors | 24.619 | 0 | 0 | 24.619 |
Payables to related parties | 8.164 | 0 | 0 | 8.164 |
Other liabilities | 8.196 | 0 | 0 | 8.196 |
Borrowing and lease liabilities | 438.361 | 0 | 0 | 438.361 |
Total | 479.340 | 0 | 0 | 479.340 |
Long-term | 310.593 | 0 | 0 | 310.593 |
Short-term | 168.747 | 0 | 0 | 168.747 |
Total | 479.340 | 0 | 0 | 479.340 |
31/12/2023 | GROUP | |||
Financial liabilities: | Financial liabilities measured at amortized cost | Financial liabilities at fair value through profit and loss | Financial liabilities at fair value through other comprehensive income | Total |
Creditors | 27.841 | 0 | 0 | 27.841 |
Payables to related parties | 7.095 | 0 | 0 | 7.095 |
Other liabilities | 19.114 | 0 | 0 | 19.114 |
Borrowing and lease liabilities | 439.780 | 0 | 0 | 439.780 |
Total | 493.831 | 0 | 0 | 493.831 |
Long-term | 193.311 | 0 | 0 | 193.311 |
Short-term | 300.520 | 0 | 0 | 300.520 |
Total | 493.831 | 0 | 0 | 493.831 |
31/12/2023 | COMPANY | |||
Financial assets: | Debt instruments at amortized cost | Equity instruments at fair value through other comprehensive income | Derivative financial assets at fair value through other comprehensive income | Total |
Trade receivables | 15.468 | 0 | 0 | 15.468 |
Provisions for doubtful receivables | -7.897 | 0 | 0 | -7.897 |
Receivables from related parties | 85.497 | 0 | 0 | 85.497 |
Provisions for doubtful receivables from related parties | -463 | 0 | 0 | -463 |
Pledged bank deposits | 2.150 | 0 | 0 | 2.150 |
Οther receivable | 28.074 | 0 | 0 | 28.074 |
Provisions for doubtful receivables (other receivable) | -1.838 | 0 | 0 | -1.838 |
Other quoted financial assets | 0 | 159 | 0 | 159 |
Total | 120.991 | 159 | 0 | 121.150 |
Long-term | 24.267 | 159 | 0 | 24.426 |
Short-term | 96.724 | 0 | 0 | 96.724 |
Total | 120.991 | 159 | 0 | 121.150 |
31/12/2024 | COMPANY | |||
Financial liabilities: | Financial liabilities measured at amortized cost | Financial liabilities at fair value through profit and loss | Financial liabilities at fair value through other comprehensive income | Total |
Creditors | 4.159 | 0 | 0 | 4.159 |
Payables to related parties | 20.705 | 0 | 0 | 20.705 |
Other liabilities | 1.077 | 0 | 0 | 1.077 |
Borrowing and lease liabilities | 223.733 | 0 | 0 | 223.733 |
Total | 249.674 | 0 | 0 | 249.674 |
Long-term | 126.602 | 0 | 0 | 126.602 |
Short-term | 123.071 | 0 | 0 | 123.071 |
Total | 249.673 | 0 | 0 | 249.673 |
31/12/2024 | COMPANY | |||
Financial assets: | Debt instruments at amortized cost | Equity instruments at fair value through other comprehensive income | Derivative financial assets at fair value through other comprehensive income | Total |
Trade receivables | 13.448 | 0 | 0 | 13.448 |
Provisions for doubtful receivables | -7.897 | 0 | 0 | -7.897 |
Receivables from related parties | 119.056 | 0 | 0 | 119.056 |
Provisions for doubtful receivables from related parties | -463 | 0 | 0 | -463 |
Pledged bank deposits | 25.859 | 0 | 0 | 25.859 |
Οther receivable | 27.633 | 0 | 0 | 27.633 |
Provisions for doubtful receivables (other receivable) | -1.838 | 0 | 0 | -1.838 |
Other quoted financial assets | 0 | 139 | 0 | 139 |
Total | 175.798 | 139 | 0 | 175.937 |
Long-term | 25.677 | 139 | 0 | 25.816 |
Short-term | 150.121 | 0 | 0 | 150.121 |
Total | 175.798 | 139 | 0 | 175.937 |
31/12/2023 | COMPANY | |||
Financial liabilities: | Financial liabilities measured at amortized cost | Financial liabilities at fair value through profit and loss | Financial liabilities at fair value through other comprehensive income | Total |
Creditors | 4.380 | 0 | 0 | 4.380 |
Payables to related parties | 181.231 | 0 | 0 | 181.231 |
Other liabilities | 972 | 0 | 0 | 972 |
Borrowing and lease liabilities | 631 | 0 | 0 | 631 |
Total | 187.215 | 0 | 0 | 187.215 |
Long-term | 336 | 0 | 0 | 336 |
Short-term | 186.879 | 0 | 0 | 186.879 |
Total | 187.215 | 0 | 0 | 187.215 |
GROUP | ||||
Financial Assets | Carrying Amount | Carrying Amount | Fair Value | Fair Value |
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Other long-term financial assets - classified as "equity instruments at fair value through other comprehensive income " | 139 | 159 | 139 | 159 |
Other long-term financial assets - classified as "debt instruments at fair value at amortized cost" | 0 | 0 | 0 | 0 |
Other long-term receivables | 26.609 | 25.417 | 26.609 | 25.417 |
Trade and other short-term receivables | 104.130 | 76.815 | 104.130 | 76.815 |
Other short-term financial assets - classified as “debt instruments at amortized cost” | 0 | 0 | 0 | 0 |
Cash and cash equivalents | 64.305 | 111.915 | 64.305 | 111.915 |
Total | 195.183 | 214.306 | 195.183 | 214.306 |
COMPANY | ||||
Financial Assets | Carrying Amount | Carrying Amount | Fair Value | Fair Value |
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Other long-term financial assets - classified as "equity instruments at fair value through other comprehensive income " | 139 | 159 | 139 | 159 |
Other long-term receivables | 25.677 | 24.267 | 25.677 | 24.267 |
Trade and other short-term receivables | 150.121 | 96.724 | 150.121 | 96.724 |
Cash and cash equivalents | 5.157 | 16.602 | 5.157 | 16.602 |
Total | 181.094 | 137.752 | 181.094 | 137.752 |
GROUP | ||||
Financial Liabilities | Carrying Amount | Carrying Amount | Fair Value | Fair Value |
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Long-term loans | 298.057 | 182.132 | 305.636 | 182.123 |
Other long-term liabilities | 69 | 75 | 69 | 75 |
Long-term lease liabilities | 12.468 | 11.104 | 12.468 | 11.104 |
Trade and other short-term payables | 35.098 | 48.612 | 35.098 | 48.612 |
Short-term loans and lease liabilities | 133.649 | 251.908 | 133.806 | 251.735 |
Total | 479.341 | 493.831 | 487.077 | 493.648 |
COMPANY |
COMPANY | ||||
Financial Liabilities | Carrying Amount | Carrying Amount | Fair Value | Fair Value |
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Long-term loans | 126.098 | 0 | 133.682 | 0 |
Other long-term liabilities | 10 | 18 | 10 | 18 |
Long-term lease liabilities | 494 | 318 | 494 | 318 |
Trade and other short-term payables | 25.862 | 28.029 | 25.862 | 28.029 |
Short-term loans and lease liabilities | 97.209 | 158.850 | 97.209 | 158.850 |
Total | 249.673 | 187.215 | 257.257 | 187.215 |
Fair Value | Fair value hierarchy | |||
GROUP | 31/12/2024 | Level 1 | Level 2 | Level 3 |
Financial assets measured at fair value | ||||
Other financial assets classified as “equity instruments at fair value through other comprehensive income” | 139 | 139 | 0 | 0 |
- Quoted securities | 139 | 139 | 0 | 0 |
- Unquoted securities | 0 | 0 | 0 | 0 |
Other financial assets classified as “debt instruments at amortized cost” | 0 | 0 | 0 | 0 |
- Quoted securities | 0 | 0 | 0 | 0 |
- Unquoted securities | 0 | 0 | 0 | 0 |
Derivative financial instruments | 0 | 0 | 0 | 0 |
Financial liabilities measured at fair value | ||||
Derivative financial instruments | 0 | 0 | 0 | 0 |
Fair Value | Fair value hierarchy | |||
COMPANY | 31/12/2024 | Level 1 | Level 2 | Level 3 |
Financial assets measured at fair value | ||||
Other financial assets classified as “equity instruments at fair value through other comprehensive income” | 139 | 139 | 0 | 0 |
- Quoted securities | 139 | 139 | 0 | 0 |
- Unquoted securities | 0 | 0 | 0 | 0 |
Derivative financial instruments | 0 | 0 | 0 | 0 |
Financial liabilities measured at fair value | ||||
Derivative financial instruments | 0 | 0 | 0 | 0 |
Fair Value | Fair value hierarchy | |||
GROUP | 31/12/2023 | Level 1 | Level 2 | Level 3 |
Financial assets measured at fair value | ||||
Other financial assets classified as “equity instruments at fair value through other comprehensive income” | 159 | 159 | 0 | 0 |
- Quoted securities | 159 | 159 | 0 | 0 |
- Unquoted securities | 0 | 0 | 0 | 0 |
Other financial assets classified as “debt instruments at amortized cost” | 0 | 0 | 0 | 0 |
- Quoted securities | 0 | 0 | 0 | 0 |
- Unquoted securities | 0 | 0 | 0 | 0 |
Derivative financial instruments | 0 | 0 | 0 | 0 |
Financial liabilities measured at fair value | ||||
Derivative financial instruments | 0 | 0 | 0 | 0 |
Fair Value | Fair value hierarchy | |||
COMPANY | 31/12/2023 | Level 1 | Level 2 | Level 3 |
Financial assets measured at fair value | ||||
Other financial assets classified as “equity instruments at fair value through other comprehensive income” | 159 | 159 | 0 | 0 |
- Quoted securities | 159 | 159 | 0 | 0 |
- Unquoted securities | 0 | 0 | 0 | 0 |
Derivative financial instruments | 0 | 0 | 0 | 0 |
Financial liabilities measured at fair value | ||||
Derivative financial instruments | 0 | 0 | 0 | 0 |
- Unquoted securities | GROUP | COMPANY |
Balance 31/12/2022 | 10 | 0 |
Fair value adjustment | 0 | 0 |
Receipts | -2 | 0 |
Foreign exchange differences | -8 | 0 |
Acquisitions | 0 | 0 |
Balance 31/12/2023 | 0 | 0 |
Fair value adjustment | 0 | 0 |
Receipts | 0 | 0 |
Exchange differences | 0 | 0 |
Acquisitions | 0 | 0 |
Balance 31/12/2024 | 0 | 0 |
I. Full consolidation | Domicile | Nature of business | % Direct Part’n | % Indirect Part’n | % Total Part’n | |
INTRALOT S.A. | Peania, Greece | Holding company / Technology and support services | Parent | Parent | - | |
BETTING COMPANY S.A. 1 | Peania, Greece | Technology and support services | 100% | 100% | ||
12. | BETTING CYPRUS LTD | Nicosia, Cyprus | Technology and support services | 100% | 100% | |
INTRALOT IBERIA HOLDINGS S.A. | Madrid, Spain | Holding company | 100% | 100% | ||
8. | INTRALOT CHILE SPA | Santiago, Chile | Technology and support services | 100% | 100% | |
INTELTEK INTERNET AS | Istanbul, Turkey | Management contracts | 100% | 100% | ||
BILYONER INTERAKTIF HIZMELTER AS GROUP | Istanbul, Turkey | Management contracts | 50,01% | 50,01% | ||
INTRALOT MAROC S.A. | Casablanca, Morocco | Management contracts | 99,83% | 99,83% | ||
INTRALOT GLOBAL SECURITIES B.V. | Amsterdam, Netherlands | Holding company | 100% | 100% | ||
1. | INTRALOT CAPITAL LUXEMBOURG S.A. | Luxembourg, Luxembourg | Financial services | 100% | 100% | |
1,2,3,4. | INTRALOT GLOBAL HOLDINGS B.V. | Amsterdam, Netherlands | Holding company | 0,02% | 99,98% | 100% |
5. | INTRALOT US SECURITIES B.V. | Amsterdam, Netherlands | Holding company | 100% | 100% | |
9. | INTRALOT US HOLDINGS B.V. | Amsterdam, Netherlands | Holding company | 100% | 100% | |
10. | INTRALOT INC | Atlanta, USA | Technology and support services | 100% | 100% | |
11. | DC09 LLC | Wilmington, USA | Technology and support services | 49% | 49% | |
11. | INTRALOT TECH SINGLE MEMBER S.A. | Peania, Greece | Technology and support services | 100% | 100% | |
5. | INTRALOT AUSTRALIA PTY LTD | Melbourne, Australia | Technology and support services | 100% | 100% | |
7. | INTRALOT GAMING SERVICES PTY | Melbourne, Australia | Technology and support services | 100% | 100% | |
5. | INTRALOT NEDERLAND B.V. | Amsterdam, Netherlands | Technology and support services | 100% | 100% | |
12. | INTRALOT BENELUX B.V. | Amsterdam, Netherlands | Technology and support services | 100% | 100% | |
5. | LOTROM S.A. | Bucharest, Romania | Management contracts | 84% | 84% | |
5. | TECNO ACCION S.A. | Buenos Aires, Argentina | Technology and support services | 50,01% | 50,01% | |
5. | TECNO ACCION SALTA S.A. | Buenos Aires, Argentina | Licensed operations | 50,01% | 50,01% |
I. Full consolidation (Continue) | Domicile | Nature of business | % Direct Part’n | % Indirect Part’n | % Total Part’n | |
5. | MALTCO LOTTERIES LTD | Valetta, Malta | Licensed operations | 73% | 73% | |
5. | INTRALOT NEW ZEALAND LTD | Wellington, New Zealand | Technology and support services | 100% | 100% | |
5. | INTRALOT GERMANY GMBH | Munich, Germany | Technology and support services | 100% | 100% | |
5. | INTRALOT FINANCE UK LTD | Hertfordshire, United Kingdom | Financial services | 100% | 100% | |
5. | INTRALOT BETTING OPERATIONS (CYPRUS) LTD | Nicosia, Cyprus | Holding company | 54,95% | 54,95% | |
5,6. | ROYAL HIGHGATE LTD | Nicosia, Cyprus | Licensed operations | 35,08% | 35,08% | |
5. | INTRALOT IRELAND LTD | Dublin, Ireland | Technology and support services | 100% | 100% | |
5. | INTRALOT GLOBAL OPERATIONS B.V. | Amsterdam, Netherland | Technology and support services | 100% | 100% | |
5. | BIT8 LTD 2 | Valletta, Malta | Technology and support services | 100% | 100% | |
5. | INTRALOT ADRIATIC DOO | Zagreb, Croatia | Technology and support services | 100% | 100% | |
5. | INTRALOT BETCO EOOD 2 | Sofia, Bulgaria | Technology and support services | 100% | 100% | |
5. | INTRALOT CYPRUS GLOBAL ASSETS LTD | Nicosia, Cyprus | Holding company | 100% | 100% | |
ΙΝTRALOT HOLDINGS INTERNATIONAL LTD | Nicosia, Cyprus | Holding company | 100% | 100% | ||
2. | INTRALOT INTERNATIONAL LTD | Nicosia, Cyprus | Technology and support services | 100% | 100% | |
3. | INTRALOT OPERATIONS LTD | Nicosia, Cyprus | Technology and support services | 100% | 100% | |
2,4. | NETMAN SRL | Bucharest, Romania | Management contracts | 100% | 100% | |
2. | INTRALOT BUSINESS DEVELOPMENT LTD | Nicosia, Cyprus | Technology and support services | 100% | 100% | |
INTRALOT SOUTH AFRICA LTD | Johannesburg, S. Africa | Technology and support services | 72,92% | 72,92% |
II. Equity method | Domicile | Nature of business | % Direct Part’n | % Indirect Part’n | % Total Part’n | |
LOTRICH INFORMATION Co LTD | Taipei, Taiwan | Technology and support services | 40,00% | 40,00% | ||
14. | GANYAN INTERACTIF HIZMETLER A.S. | Istanbul, Turkey | Horse racing services | 50,00% | 50,00% | |
13. | TECNO ACCIÓN SALTA S.A. – END POINT S.A. - UNION TRANSITORIA | Buenos Aires, Argentina | Licensed operations | 17,50% | 17,50% | |
5. | KARENIA ENTERPRISES COMPANY LTD | Nicosia, Cyprus | Holding company | 50,00% | 50,00% |
Investee of: | ||
1: Intralot Global Securities B.V. | 6: Intralot Betting Operations (Cyprus) LTD | 11: Intralot Inc |
2: Intralot Holdings International LTD | 7: Intralot Australia PTY LTD | 12: Intralot Nederland B.V. |
3: Intralot International LTD | 8: Intralot Iberia Holdings S.A. | 13: Tecno Accion Salta S.A |
4: Intralot Operations LTD | 9: Intralot US Securities B.V. | 14: INTELTEK INTERNET AS |
5: Intralot Global Holdings B.V. | 10: Intralot US Holdings B.V. |
Proportion of equity interest held by non-controlling interests: | ||||
Subsidiary Name | Country of incorporation and operation | Geographic operating segment | 31/12/2024 | 31/12/2023 |
BILYONER INTERAKTIF HIZMELTER AS GROUP | Turkey | Other Countries | 49,99% | 49,99% |
MALTCO LOTTERIES LTD | Malta | European Union | 27,00% | 27,00% |
DC09 LLC | USA | America | 51,00% | 51,00% |
TECNO ACCION S.A. | Argentina | America | 49,99% | 49,99% |
TECNO ACCION SALTA S.A. | Argentina | America | 49,99% | 49,99% |
Subsidiary Name | 31/12/2024 | 31/12/2023 |
BILYONER INTERAKTIF HIZMELTER AS GROUP | 24.540 | 17.738 |
MALTCO LOTTERIES LTD | 303 | 479 |
DC09 LLC | -5.110 | -3.733 |
TECNO ACCION S.A. | 3.455 | 1.573 |
TECNO ACCION SALTA S.A. | 1.190 | 222 |
Subsidiary Name | 1/1- 31/12/2024 | 1/1- 31/12/2023 |
BILYONER INTERAKTIF HIZMELTER AS GROUP | 9.120 | 7.501 |
MALTCO LOTTERIES LTD | 364 | -159 |
INTRALOT TECH SINGLE MEMBER S.A. | 0 | 0 |
INTRALOT INC | 0 | 0 |
DC09 LLC | -999 | -1.024 |
TECNO ACCION S.A. | 2.259 | 1.504 |
TECNO ACCION SALTA S.A. | 1.056 | 184 |
Condensed statement of profit or loss for the period 1/1- 31/12/2024 | |
European Union | MALTCO LOTTERIES LTD |
Sales Proceeds | 0 |
Gross Profit/ (loss) | -21 |
EBITDA | 538 |
Profit / (loss) before tax | 537 |
Tax | 812 |
Profit / (loss) after tax | 1.349 |
Other comprehensive income after tax | 0 |
Total comprehensive income after tax | 1.349 |
Attributable to non-controlling interest | 364 |
Dividends paid to non-controlling interest | 0 |
Condensed statement of profit or loss for the period 1/1- 31/12/2024 | |||
America | TECNO ACCION S.A. | TECNO ACCION SALTA S.A. | DC09 LLC |
Sales Proceeds | 14.688 | 36.923 | 0 |
Gross Profit/ (loss) | 4.730 | 4.462 | -930 |
EBITDA | 4.057 | 3.327 | 0 |
Profit / (loss) before tax | 1.932 | 3.303 | -1.960 |
Tax | -518 | -1.377 | 0 |
Profit / (loss) after tax | 1.413 | 1.926 | -1.960 |
Other comprehensive income after tax | -462 | -75 | -740 |
Total comprehensive income after tax | 952 | 1.851 | -2.700 |
Attributable to non-controlling interest | 707 | 963 | -999 |
Dividends paid to non-controlling interest | 0 | 219 | 0 |
Condensed statement of profit or loss for the period 1/1- 31/12/2024 | |
Other Countries | BILYONER INTERAKTIF HIZMELTER AS GROUP |
Sales Proceeds | 76.194 |
Gross Profit/ (loss) | 63.133 |
EBITDA | 23.653 |
Profit / (loss) before tax | 11.150 |
Tax | 6.454 |
Profit / (loss) after tax | 17.604 |
Other comprehensive income after tax | -2.979 |
Total comprehensive income after tax | 14.625 |
Attributable to non-controlling interest | 8.802 |
Dividends paid to non-controlling interest | 5.708 |
Condensed statement of profit or loss for the period 1/1- 31/12/2023 | |
European Union | MALTCO LOTTERIES LTD |
Sales Proceeds | 0 |
Gross Profit/ (loss) | -20 |
EBITDA | -611 |
Profit / (loss) before tax | -614 |
Tax | 26 |
Profit / (loss) after tax | -589 |
Other comprehensive income after tax | 0 |
Total comprehensive income after tax | -589 |
Attributable to non-controlling interest | -159 |
Dividends paid to non-controlling interest | 0 |
Condensed statement of profit or loss for the period 1/1- 31/12/2023 | |||
America | TECNO ACCION S.A. | TECNO ACCION SALTA S.A. | DC09 LLC |
Sales Proceeds | 11.085 | 28.390 | 0 |
Gross Profit/ (loss) | 4.596 | 2.570 | -1.013 |
EBITDA | 4.230 | 1.565 | 0 |
Profit / (loss) before tax | 517 | 1.350 | -2.008 |
Tax | -906 | -1.110 | 0 |
Profit / (loss) after tax | -389 | 240 | -2.008 |
Other comprehensive income after tax | -6.083 | -651 | 345 |
Total comprehensive income after tax | -6.472 | -411 | -1.663 |
Attributable to non-controlling interest | -194 | 120 | -1.024 |
Dividends paid to non-controlling interest | 0 | 937 | 0 |
Condensed statement of profit or loss for the period 1/1- 31/12/2023 | |
Other Countries | BILYONER INTERAKTIF HIZMELTER AS GROUP |
Sales Proceeds | 50.757 |
Gross Profit/ (loss) | 41.337 |
EBITDA | 20.585 |
Profit / (loss) before tax | 22.847 |
Tax | -8.474 |
Profit / (loss) after tax | 14.373 |
Other comprehensive income after tax | -8.484 |
Total comprehensive income after tax | 5.889 |
Attributable to non-controlling interest | 7.187 |
Dividends paid to non-controlling interest | 3.600 |
Condensed statement of financial position as at 1/1- 31/12/2024 | |
European Union | MALTCO LOTTERIES LTD |
Non-current assets | 0 |
Current assets | 1.125 |
Non-current liabilities | 0 |
Current liabilities | -2 |
Total equity | 1.123 |
Attributable to: | |
Equity holders of parent | 820 |
Non-controlling interests | 303 |
Condensed statement of financial position as at 1/1- 31/12/2024 | |||
America | TECNO ACCION S.A. | TECNO ACCION SALTA S.A. | DC09 LLC |
Non-current assets | 3.280 | 437 | 6.213 |
Current assets | 7.572 | 5.109 | 0 |
Non-current liabilities | -1.048 | -330 | -19.134 |
Current liabilities | -3.190 | -2.541 | -127 |
Total equity | 6.615 | 2.675 | -13.049 |
Attributable to: | |||
Equity holders of parent | 3.160 | 1.486 | -7.938 |
Non-controlling interests | 3.455 | 1.189 | -5.111 |
Condensed statement of financial position as at 1/1- 31/12/2024 | |
Other Countries | BILYONER INTERAKTIF HIZMELTER AS GROUP |
Non-current assets | 47.549 |
Current assets | 19.625 |
Non-current liabilities | -215 |
Current liabilities | -17.879 |
Total equity | 49.081 |
Attributable to: | |
Equity holders of parent | 24.541 |
Non-controlling interests | 24.539 |
Condensed statement of financial position as at 1/1- 31/12/2023 | |
European Union | MALTCO LOTTERIES LTD |
Non-current assets | 1 |
Current assets | 3.541 |
Non-current liabilities | 0 |
Current liabilities | -1.769 |
Total equity | 1.773 |
Attributable to: | |
Equity holders of parent | 1.295 |
Non-controlling interests | 479 |
Condensed statement of financial position as at 1/1- 31/12/2023 | |||
America | TECNO ACCION S.A. | TECNO ACCION SALTA S.A. | DC09 LLC |
Non-current assets | 2.342 | 61 | 6.752 |
Current assets | 3.713 | 1.943 | 0 |
Non-current liabilities | -762 | -12 | -16.981 |
Current liabilities | -2.443 | -1.252 | -120 |
Total equity | 2.850 | 741 | -10.349 |
Attributable to: | |||
Equity holders of parent | 1.277 | 518 | -6.615 |
Non-controlling interests | 1.573 | 222 | -3.734 |
Condensed statement of financial position as at 1/1- 31/12/2023 | |
Other Countries | BILYONER INTERAKTIF HIZMELTER AS GROUP |
Non-current assets | 41.407 |
Current assets | 24.376 |
Non-current liabilities | -7.032 |
Current liabilities | -23.276 |
Total equity | 35.475 |
Attributable to: | |
Equity holders of parent | 17.738 |
Non-controlling interests | 17.737 |
Condensed cash flow information for the year ending 1/1- 31/12/2024 | |
European Union | MALTCO LOTTERIES LTD |
Operating activities | 1.286 |
Investing activities | 0 |
Financing activities | -2.003 |
Effect of exchange differences | 0 |
Net increase / (decrease) in cash and cash equivalents | -717 |
Condensed cash flow information for the year ending 1/1- 31/12/2024 | |||
America | TECNO ACCION S.A. | TECNO ACCION SALTA S.A. | DC09 LLC |
Operating activities | 1.161 | 1.926 | 0 |
Investing activities | -151 | -6 | 0 |
Financing activities | -261 | -563 | 0 |
Effect of exchange differences | -460 | -131 | 0 |
Net increase / (decrease) in cash and cash equivalents | 289 | 1.226 | 0 |
Condensed cash flow information for the year ending 1/1- 31/12/2024 | |
Other Countries | BILYONER INTERAKTIF HIZMELTER AS GROUP |
Operating activities | 13.805 |
Investing activities | -9.505 |
Financing activities | -8.993 |
Effect of exchange differences | -3.307 |
Net increase / (decrease) in cash and cash equivalents | -7.999 |
Condensed cash flow information for the year ending 1/1- 31/12/2023 | |
European Union | MALTCO LOTTERIES LTD |
Operating activities | -1.551 |
Investing activities | 0 |
Financing activities | -5.553 |
Effect of exchange differences | 0 |
Net increase / (decrease) in cash and cash equivalents | -7.104 |
Condensed cash flow information for the year ending 1/1- 31/12/2023 | |||
America | TECNO ACCION S.A. | TECNO ACCION SALTA S.A. | DC09 LLC |
Operating activities | 1.486 | 2.078 | -1.671 |
Investing activities | -433 | 474 | 0 |
Financing activities | -145 | -1.880 | 174 |
Effect of exchange differences | -1.057 | -594 | -21 |
Net increase / (decrease) in cash and cash equivalents | -148 | 78 | -1.518 |
Condensed cash flow information for the year ending 1/1- 31/12/2023 | |
Other Countries | BILYONER INTERAKTIF HIZMELTER AS GROUP |
Operating activities | 16.838 |
Investing activities | -3.373 |
Financing activities | -7.771 |
Effect of exchange differences | -10.671 |
Net increase / (decrease) in cash and cash equivalents | -4.977 |
GROUP INVESTMENT IN ASSOCIATES AND JOINT VENTURES | |||
Country | 31/12/2024 | 31/12/2023 | |
LOTRICH INFORMATION Co LTD | Taiwan | 40% | 40% |
TECNO ACCIÓN SALTA S.A. – END POINT S.A. - UNION TRANSITORIA | Argentina | 18% | - |
KARENIA ENTERPRISES COMPANY LTD | Cyprus | 50% | 50% |
Condensed statement of financial position as at 31/12/2024 | LOTRICH INFORMATION Co LTD | KARENIA ENTERPRISES COMPANY LTD |
Non-current assets | 309 | 19.501 |
Current assets | 25.607 | 54 |
Non-current liabilities | 0 | 0 |
Current liabilities | -9.973 | -164 |
Total equity | 15.943 | 19.391 |
Group’s investment book value | 6.196 | 9.694 |
Condensed statement of financial position as at 31/12/2023 | LOTRICH INFORMATION Co LTD | KARENIA ENTERPRISES COMPANY LTD |
Non-current assets | 6 | 18.000 |
Current assets | 44.348 | 3 |
Non-current liabilities | 0 | 0 |
Current liabilities | -28.195 | -146 |
Total equity | 16.159 | 17.857 |
Group’s investment book value | 6.278 | 8.927 |
Condensed statement of profit or loss for the period 1/1- 31/12/2024 | LOTRICH INFORMATION Co LTD | KARENIA ENTERPRISES COMPANY LTD |
Sales Proceeds | 25.068 | 0 |
Gross Profit/ (loss) | 1.462 | 0 |
EBITDA | 683 | -16 |
Profit / (loss) before tax | 532 | 14 |
Tax | -106 | 0 |
Profit / (loss) after tax | 426 | 14 |
Other comprehensive income after tax | -141 | 0 |
Total comprehensive income after tax | 285 | 14 |
Profit / (loss) from equity method consolidations | 170 | 7 |
Dividends received by the Group from the associates | -196 | 0 |
Condensed statement of profit or loss for the period 1/1- 31/12/2023 | LOTRICH INFORMATION Co LTD | KARENIA ENTERPRISES COMPANY LTD |
Sales Proceeds | 6.274 | 0 |
Gross Profit/ (loss) | 1.498 | 0 |
EBITDA | 520 | -19 |
Profit / (loss) before tax | 718 | -21 |
Tax | -144 | 0 |
Profit / (loss) after tax | 574 | -21 |
Other comprehensive income after tax | -542 | 0 |
Total comprehensive income after tax | 32 | -21 |
Profit / (loss) from equity method consolidations | 230 | -10 |
Dividends received by the Group from the associates | -221 | 0 |
GROUP | Litigation cases ¹ | Unaudited fiscal years and tax audit expenses ² | Other provisions ³ | Total provisions |
Period opening balance | 3.967 | 6.630 | 10.772 | 21.369 |
Period additions | 213 | 0 | 3.154 | 3.367 |
Utilized provisions | -162 | -447 | -5.397 | -6.006 |
Unused provisions | 0 | 0 | 0 | 0 |
Foreign exchange differences | -245 | 0 | 78 | -167 |
Period closing balance | 3.773 | 6.184 | 8.607 | 18.564 |
Long-term provisions | 3.520 | 6.184 | 4.904 | 14.608 |
Short-term provisions | 253 | 0 | 3.703 | 3.956 |
Total | 3.773 | 6.184 | 8.607 | 18.564 |
COMPANY | Litigation cases ¹ | Unaudited fiscal years and tax audit expenses ² | Other provisions ³ | Total provisions |
Period opening balance | 3.785 | 6.630 | 0 | 10.415 |
Utilized provisions | 0 | -447 | 0 | -447 |
Period additions | 0 | 0 | 0 | 0 |
Foreign exchange differences | -225 | 0 | 0 | -225 |
Period closing balance | 3.560 | 6.183 | 0 | 9.743 |
Long-term provisions | 3.520 | 6.184 | 0 | 9.704 |
Short-term provisions | 40 | 0 | 0 | 40 |
Total | 3.560 | 6.184 | 0 | 9.743 |
Amounts reported in thousands of € | GROUP | COMPANY | ||
(total operations) | 31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 |
Income | ||||
-from subsidiaries | 0 | 0 | 36.615 | 55.867 |
-from associates and joint ventures | 3.590 | 12.071 | 3.786 | 12.292 |
-from other related parties | 653 | 475 | 2 | 0 |
Expenses / Purchases of assets & inventories | ||||
-to subsidiaries | 0 | 0 | 5.286 | 20.384 |
-to associates and joint ventures | 0 | 0 | 0 | 0 |
-to other related parties | 18.396 | 12.445 | 335 | 237 |
Receivables | ||||
-from subsidiaries | 0 | 0 | 112.766 | 74.480 |
-from associates and joint ventures | 9.087 | 10.678 | 6.017 | 10.623 |
-from other related parties | 7.645 | 9.517 | 273 | 394 |
Doubtful Provisions | ||||
-to subsidiaries | 0 | 0 | -221 | -221 |
-to associates and joint ventures | 0 | 0 | 0 | 0 |
-to other related parties | -849 | -243 | -242 | -242 |
Payables | ||||
-to subsidiaries | 0 | 0 | 20.367 | 180.526 |
-to associates and joint ventures | 425 | 0 | 0 | 0 |
-to other related parties | 7.740 | 6.824 | 338 | 471 |
BoD and Key Management Personnel transactions and fees | 5.579 | 6.029 | 4.370 | 4.828 |
BoD and Key Management Personnel receivables | 0 | 0 | 0 | 0 |
BoD and Key Management Personnel payables | 0 | 271 | 0 | 233 |
(Α) The respective amounts are analyzed as follows: | ||||
Total due from related parties | 15.883 | 19.953 | 118.593 | 85.034 |
(less) long term portion (note 2.19) | 456 | 456 | 0 | 0 |
Short term receivables from related parties (note 2.20) | 15.427 | 19.497 | 118.593 | 85.034 |
(Β) The respective amounts are analyzed as follows: | ||||
Total due to related parties | 8.164 | 7.095 | 20.705 | 181.231 |
(less) long term debt | 5.483 | 5.155 | 0 | 0 |
(less) long term liabilities (note 2.28) | 0 | 0 | 0 | 0 |
Short term payables to related parties (note 2.29 & 2.25) | 2.681 | 1.940 | 20.705 | 181.231 |
COMPANY | YEARS | COMPANY | YEARS |
INTRALOT S.A. | 2022-2024 | TECNO ACCION S.A. | 2017-2024 |
BETTING COMPANY S.A. | 2019-2023 | TECNO ACCION SALTA S.A. | 2017-2024 |
BETTING CYPRUS LTD | 2022-2024 | MALTCO LOTTERIES LTD | 2017-2024 |
INTRALOT IBERIA HOLDINGS SA | 2020-2024 | INTRALOT NEW ZEALAND LTD | 2013 & 2017- 2024 |
INTRALOT CHILE SPA | 2022-2024 | INTRALOT GERMANY GMBH | 2019-2024 |
INTELTEK INTERNET AS | 2020-2024 | INTRALOT FINANCE UK LTD | 2023-2024 |
BILYONER INTERAKTIF HIZMELTER AS GROUP | 2023-2024 | INTRALOT BETTING OPERATIONS (CYPRUS) LTD | 2022-2024 |
INTRALOT MAROC S.A. | 2023-2024 | ROYAL HIGHGATE LTD | 2021-2024 |
LOTROM S.A. | 2017-2024 | INTRALOT IRELAND LTD | 2018-2024 |
INTRALOT GLOBAL SECURITIES B.V. | 2016-2024 | INTRALOT GLOBAL OPERATIONS B.V. | 2016-2024 |
INTRALOT CAPITAL LUXEMBOURG S.A. | 2018-2024 | INTRALOT SOUTH AFRICA LTD | 2023-2024 |
INTRALOT ADRIATIC DOO | 2015-2024 | INTRALOT CYPRUS GLOBAL ASSETS LTD | 2022-2024 |
INTRALOT GLOBAL HOLDINGS B.V. | 2016-2024 | ΙΝTRALOT HOLDINGS INTERNATIONAL LTD | 2022-2024 |
INTRALOT US SECURITIES B.V. | 2021-2024 | INTRALOT INTERNATIONAL LTD | 2022-2024 |
INTRALOT US HOLDINGS B.V. | 2021-2024 | INTRALOT OPERATIONS LTD | 2022-2024 |
INTRALOT INC | 2020-2024 | NETMAN SRL | 2017-2024 |
DC09 LLC | 2020-2024 | INTRALOT BUSINESS DEVELOPMENT LTD | 2021-2024 |
INTRALOT TECH SINGLE MEMBER S.A. | 2019-2024 | INTRALOT DE COLOMBIA (BRANCH) | 2019-2024 |
INTRALOT NEDERLAND B.V. | 2016-2024 | INTRALOT AUSTRALIA PTY LTD | 2020-2024 |
INTRALOT BENELUX B.V. | 2018-2024 | INTRALOT GAMING SERVICES PTY | 2020-2024 |
COMPANY | YEARS |
LOTRICH INFORMATION Co LTD | 2024 |
KARENIA ENTERPRISES COMPANY LTD | 2024 |
GROUP | COMPANY | |||
31/12/2024 | 31/12/2023 | 31/12/2024 | 31/12/2023 | |
Bid | 110 | 610 | 0 | 500 |
Performance | 126.245 | 113.557 | 6.139 | 1.650 |
Financing | 200 | 966 | 200 | 200 |
Other | 2.516 | 110 | 0 | 0 |
Total | 129.072 | 115.243 | 6.339 | 2.350 |
GROUP | ||
31/12/2024 | 31/12/2023 | |
Guarantees issued by the parent and subsidiaries: | ||
-to third party | 129.072 | 115.243 |
Total | 129.072 | 115.243 |
COMPANY | ||
31/12/2024 | 31/12/2023 | |
Guarantees issued by the parent: | ||
- to third party on behalf of subsidiaries | 0 | 0 |
- to third party on behalf of the parent | 6.339 | 2.350 |
Total | 6.339 | 2.350 |
GROUP | 31/12/2024 | 31/12/2023 |
Within 1 year | 2.052 | 1.365 |
Between 2 and 5 years | 0 | 85 |
Over 5 years | 0 | 0 |
Total | 2.052 | 1.450 |
GROUP | 31/12/2024 | |||
Financial Liabilities: | 0-1 years | 2-5 years | > 5 years | Total |
Creditors and other liabilities ¹ | 35.098 | 0 | 0 | 35.098 |
Other long-term liabilities ¹ | 0 | 69 | 0 | 69 |
Bonds & Bank Loans (Senior Notes) ² | 128.114 | 329.309 | 2.074 | 459.497 |
Other Loans and lease liabilities³ | 13.506 | 10.354 | 2.113 | 25.973 |
Total | 176.718 | 339.732 | 4.187 | 520.637 |
GROUP | 31/12/2023 | |||
Financial Liabilities: | 0-1 years | 2-5 years | > 5 years | Total |
Creditors and other liabilities ¹ | 48.612 | 0 | 0 | 48.612 |
Other long-term liabilities ¹ | 0 | 75 | 0 | 75 |
Bonds & Bank Loans (Senior Notes) ² | 254.629 | 186.734 | 2.074 | 443.437 |
Other Loans and lease liabilities³ | 5.566 | 8.622 | 2.482 | 16.670 |
Total | 308.807 | 195.431 | 4.556 | 508.794 |
COMPANY | 31/12/2024 | |||
Financial Liabilities: | 0-1 years | 2-5 years | > 5 years | Total |
Creditors and other liabilities ¹ | 25.862 | 0 | 0 | 25.862 |
Other long-term liabilities ¹ | 0 | 10 | 0 | 10 |
Bonds & Bank Loans (Senior Notes) ² | 105.975 | 157.733 | 0 | 263.708 |
Other Loans and lease liabilities³ | 318 | 494 | 0 | 812 |
Total | 132.155 | 158.237 | 0 | 290.392 |
COMPANY | 31/12/2023 | |||
Financial Liabilities: | 0-1 years | 2-5 years | > 5 years | Total |
Creditors and other liabilities ¹ | 28.029 | 0 | 0 | 28.029 |
Other long-term liabilities ¹ | 0 | 18 | 0 | 18 |
Bonds & Bank Loans (Senior Notes) ² | 0 | 0 | 0 | 0 |
Other Loans and lease liabilities³ | 158.850 | 318 | 0 | 159.168 |
Total | 186.879 | 336 | 0 | 187.215 |
Sensitivity Analysis in Currency movements amounts of the period 1/1-31/12/2024 (in thousand €) | |||
Foreign Currency | Currency Movement | Movement Effect in Earnings before taxes | Effect in Equity |
USD: | 5% -5% | 192 -174 | 260 -287 |
TRY: | 5% -5% | 586 -530 | -1.040 1.110 |
AUD | 5% -5% | 680 -615 | -3 127 |
ARS: | 5% -5% | 276 -249 | 192 -212 |
Sensitivity Analysis in Currency movements amounts of the period 1/1-31/12/2023 (in thousand €) | |||
Foreign Currency | Currency Movement | Movement Effect in Earnings before taxes | Effect in Equity |
USD: | 5% -5% | 535 -484 | 628 -694 |
TRY: | 5% -5% | 1.201 -1.087 | -588 650 |
AUD | 5% -5% | 582 -527 | 139 -153 |
ARS: | 5% -5% | 98 -89 | 88 -97 |
Sensititivity Analysis in floating interest loan rates (amount of the period 1/1-31/12/2024) (thousands €) | ||
Interest Rates Movement | Movement effect in Earnings before taxes | Effect in Equity |
10% | -1.182 | -1.182 |
-10% | 2.624 | 2.624 |
5% | -272 | -272 |
-5% | 1.659 | 1.659 |
Sensititivity Analysis in floating interest loan rates (amount of the period 1/1-31/12/2023) (thousands €) | ||
Interest Rates Movement | Movement effect in Earnings before taxes | Effect in Equity |
10% | -1.706 | -1.706 |
-10% | 1.706 | 1.706 |
5% | -853 | -853 |
-5% | 853 | 853 |
GROUP | 31/12/2024 | 31/12/2023 |
Long-term loans | 298.057 | 182.131 |
Long-term lease liabilities | 12.468 | 11.104 |
Short-term loans | 126.819 | 247.182 |
Short-term lease liabilities | 6.830 | 4.726 |
Total Debt | 444.174 | 445.144 |
Cash and cash equivalents | -64.305 | -111.915 |
Net Debt | 379.869 | 333.229 |
EBITDA from continuing operations | 124.682 | 129.456 |
Leverage | 3,05 | 2,57 |
GROUP | 31/12/2024 | 31/12/2023 |
Long-term loans | 298.057 | 182.131 |
Long-term lease liabilities | 12.468 | 11.104 |
Short-term loans | 126.819 | 247.182 |
Short-term lease liabilities | 6.830 | 4.726 |
Total Debt | 444.174 | 445.144 |
Cash and cash equivalents | -64.305 | -111.915 |
Net Debt | 379.869 | 333.229 |
Restricted cash related to financing activities | -24.191 | 0 |
Cash and cash equivalents | 0 | 0 |
Net Debt (adjusted) | 355.678 | 333.229 |
EBITDA from continuing operations | 124.682 | 129.456 |
Leverage | 2,85 | 2,57 |
31/12/2024 | 31/12/2023 | Change | |
EUR / TRY | 36,74 | 32,65 | 12,5% |
EUR / ARS | 1.067,48 | 894,54 | 19,3% |
AVG 1/1- 31/12/2024 | AVG 1/1- 31/12/2023 | Change | |
EUR / TRY¹ | 36,74 | 32,65 | 12,5% |
EUR / ARS ¹ | 1.067,48 | 894,54 | 19,3% |