Allwyn International is confident of achieving its full-year 2025 financial targets and corporate objectives, irrespective of uncertain macroeconomic elements impacting outlooks within key markets. 

Of significance, H1 trading sees the pan-international lottery conglomerate adopt iGaming and sports betting as new reporting segments, reflecting the firm’s M&A investments in Stoiximan, Betano and Instant Win Games (IWG).

Group accounts laud ‘digital growth’ as online channels contribute 42% of Q2 GGR of €2.19bn, with figures equating to approximately €919m in digital income and €1.27bn from retail and other channels.

H1 trading sees corporate revenues stand at €4.5bn, reflecting a 6% increase on 2024 comparatives of €4.25bn. H1 Adjusted EBITDA increased by 4% year-on-year to €728m  (H1 2024: €698m)

Headline results see Allwyn generate H1 net revenues of €2bn from commercial activities. Yet group accounts detail a 5% decline in operating EBIT to €612m reflecting costs on projects to upgrade the UK National Lottery retail systems and changes in group domicile to Switzerland.  

Group CEO Robert Chvátal commented: “Our strong first-half performance reflects the resilience of our business and the progress we’ve made in expanding our digital capabilities. We’re confident in our ability to deliver on our full-year objectives and create long-term value across all our markets.

“We remain focused on executing our strategy, driving digital growth, and delivering consistent results — regardless of the external environment..”

Core Markets stand & deliver 

The lottery group achieved a strong revenue growth across its core markets of the UK, Austria, the Czech Republic, and Greece and Cyprus as detailed by Q2 accounts. 

Total GGR in Austria went up 4% YoY to €403m (Q2 ‘24: €387m). Adjusted EBITDA was up 3% to €72m compared to €70m for the same quarter in 2024.

However, the group anticipates potential headwinds for end-of-year results. In June, Austria introduced a tax reforms package that brought an increase in gaming and gambling taxes.

A 10% tax hike was applied to lottery, iGaming and VLT operations, which Allwyn is now looking to mitigate, with management expecting an impact of under 2% of consolidated Adjusted EBITDA on an annualised basis.

Total revenue in the Czech Republic increased 8% YoY to €135m (Q2 2024: €125m), of which total GGR was €133m (Q2 2024: €122m). Top-line growth was driven by strong performance across major product lines.

Adjusted EBTIDA came at €30m, down 6% YoY on a reported basis (Q2 2024: €32m), reflecting higher marketing costs and higher charity contributions in the quarter.

Greece and Cyprus total Q2 revenue came at €583m, up 4% YoY (Q2 2024: €558m), of which €559m in total GGR (€534m). Online channel GGR went up 9% YoY, with solid iGaming performance – up 25% YoY. Adjusted EBTIDA stood at €191m.

Favorable conditions in the UK, Allwyn’s top-performing market, saw total revenue going up 7% YoY to €1.1bn (Q2 2024: €1bn), with Adjusted EBITDA at €6m.

New profile of IGaming and Sportsbook 

Revealing the first standalone results of iGaming and sports betting units, Allwyn reported a combined Gross Gaming Revenue (GGR) contribution of €376m in Q2 2025, underscoring the growing impact of its digital strategy.

iGaming contributed €191m , marking a strong 13% year-on-year increase, driven by expanded content offerings and higher player engagement. In contrast, sports betting generated €185m, down 2% year-on-year, reflecting the absence of a major international football tournament during the trading period.

Strong growth prospects were underscored by CEO Chavtal: “Our strong digital performance highlights the success of our strategic focus on online growth and the continued efforts of our teams to elevate the player experience across markets.”

Allwyn resilient against all Macro demands 

Whilst the Group delivered strong trading results, management remains alert to external macroeconomic factors. including inflationary pressures and shifting consumer sentiment — that continue to influence global lottery and gaming markets.

Despite uncertainties, leadership reaffirmed its full-year guidance, reflecting sustained momentum across its core operations in Allwyn stand to deliver FY2025 revenues of +€9bn combined with an adjusted EBITDA guidance of €1.45bn – €1.50bn

Trading underlines Allwyn corporate social responsibilities in which it has increased its contributions to good causes (across active markets), to €425m in H1 2025. The figure reflects both revenue growth and continued focus on high-yield, socially impactful lottery operations across regulated markets.

Closing H1 trading CEO Robert Chvátal concluded: “Our performance in the first half of the year reinforces our confidence in the strategy we’ve put in place — expanding our digital capabilities, investing in player experience, and strengthening our presence in key markets. 

“At the same time, we remain grounded in our commitment to player protection, operational excellence, and delivering meaningful value to the communities we serve.

“Importantly, we continue to see stable demand across our markets, despite broader economic uncertainty. There has been no material impact on demand for our products from the unpredictable macroeconomic outlook. 

“Demand has remained resilient — reflecting their low-price point and low-average spend per customer, as well as our large number of regular players.”

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