The company’s adjusted EBITDA rose slightly by 1% to £112 million (€130.7 million / $141.6 million), reflecting Intralot’s strategic focus on high-margin activities and continued expansion into key markets, notably North America.
Intralot has announced a 3.4% year-on-year increase in consolidated revenue for the fiscal year ending 31 December 2024, with total revenue reaching £322.4 million (€376.4 million / $408 million).
The company’s adjusted EBITDA rose slightly by 1% to £112 million (€130.7 million / $141.6 million), reflecting Intralot’s strategic focus on high-margin activities and continued expansion into key markets, notably North America. The adjusted EBITDA margin remained steady at 34.7%. Operating expenses increased by 3%, attributed to ongoing investments in development projects.
Intralot reported earnings before tax (EBT) of £15.4 million (€18.0 million / $19.5 million) and a net income after tax and minority interest of £4.2 million (€4.9 million / $5.3 million). Operating cash flow for the year stood at £74.6 million (€87.2 million / $94.5 million).
The company attributed much of its revenue growth to a 16.6% rise in management (B2B/B2G) contracts, especially in Turkey, as well as a strong performance in licensed operations (B2C) in Argentina.
Looking ahead, the outlook for FY2025 will be shaped by continued international growth, including a new contract secured in Nebraska.
Commenting on the results, Intralot Chairman Sokratis P. Kokkalis said:
“Intralot’s performance for 2024 has been positively impacted by very strong performance in the last quarter driven by strong revenue growth from North America, enabling the company to maintain its key metrics in profitability and leverage ratio by focusing on high profit-margin activities.
“We were able to win new contracts in the promising sectors of VLT monitoring in the US and online lottery in Canada and extend key contracts in our core business in Europe and Australia while actively pursuing every opportunity in our sector around the globe.”