Intralot S.A. Intergrated Lottery Methods and Companies (IRLTF) Q3 2025 Earnings Name Transcript

Operator

Girls and gents, thanks for standing by. I’m Mena, your Refrain Name operator. Welcome, and thanks for becoming a member of the Intralot convention name and dwell webcast to current and focus on the third quarter 2025 monetary outcomes. [Operator Instructions] At the moment, I want to flip the convention over to Mr. Robeson Reeves, CEO of Intralot. Mr. Reeves, you might now proceed.

Robeson Reeves

Thanks, operator, and thanks all for becoming a member of us at the moment for the Q3 outcomes of Intralot. The transaction accomplished in October 2025 to carry collectively Bally’s Worldwide Interactive and Intralot. As you’ll have seen, Intralot has delivered sturdy third quarter outcomes regardless of FX headwinds. Bally’s Worldwide Interactive has delivered round EUR 548 million in income with a hefty 43% adjusted EBITDA margin for Q3, which is on monitor with our acknowledged steering. Full 12 months 2025 professional forma of the two entities annualized is greater than EUR 1 billion in revenues and EUR 435 million in adjusted EBITDA with a mixed margin of 40.65%, which is according to beforehand acknowledged full 12 months steering. As you might be conscious, yesterday, the U.Ok. authorities revised gaming taxes by rising distant gaming obligation from 21% to 40% starting in April ’26.

This was increased than anticipated, however we’re going to observe the aggressive mitigation eventualities. We nonetheless intend to ship development in wages accepted, which mixed with generosity reductions, advertising and marketing reductions and accelerated synergies will