Bally's Intralot announces First Quarter 2026 Financial Results
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BALLY’S INTRALOT FINANCIAL RESULTS 1Q 2026
Athens, Greece - May 27, 2026 – Bally’s Intralot (RIC: BYLOTr.AT, Bloomberg: BYLOT GA) (the ‘Group’), announces the financial results for the three-month period ended March 31st, 2026.
Overview
1Q 2026 Highlights
• Group Revenue of €268.1 million in 1Q26, reflecting the consolidation of Bally’s International Interactive (‘BII’).
• 1Q26 AEBITDA at €100.2 million, with margin reaching 37.4%.
• The consolidation of BII contributed €183.9 million to Group Revenue and €72.7 million to AEBITDA (39.5%AEBITDA margin).
• The pro forma twelve-month performance for the combined organization indicates €1,062.9 million in revenue and €427.2 million in AEBITDA, representing a margin of 40.2%, in line with the projections and guidance previously provided.
• Total liquidity stood at €417.3 million as of March 31, 2026, comprising €257.3 million of total cash (including restricted cash) and €160 million of undrawn capacity under the revolving credit facility.
• Adjusted Net Debt closed at €1,493.1 million at the end of 1Q26, with Adjusted Net Leverage ratio, on a pro-forma basis, at 3.50x.
• On May 25, 2026, Bally’s Intralot S.A. announced the signing of a new contract with Hellenic Lotteries S.A., part of Allwyn Hellas (formerly OPAP), to deploy its industry-leading lottery technology solutions. The contract has a duration of 12 years and commenced on May 2, 2026.
Bally’s Intralot’s CEO Robeson Reeves noted:
“Q1 2026 marks a strong start to the year for Bally’s Intralot and demonstrates the growing earnings power of our platform. Group revenue reached €268.1 million, with AEBITDA of €100.2 million at a 37.4% margin, a meaningful improvement of 5.8 percentage points year-on-year. Our UK online business continued its strong momentum, growing 10.5% on a constant currency basis in the quarter, with preliminary April revenues up a further 11.5%. On a pro-forma twelve-month basis, the combined organization delivered €1.06 billion in revenue and €427 million in AEBITDA at a 40.2% margin, in line with our guidance. Liquidity remains robust at €417 million.
Looking ahead, the introduction of the increased remote gaming duty from 21% to 40% has changed the dynamics in the UK market. Tax hikes of this nature have occurred periodically across our markets and have historically driven consolidation, benefiting higher-margin operators like Bally’s Intralot through expanded market share. In this context, Bally’s Intralot is exploring an emerging opportunity tied to evoke, which we are actively pursuing and shall be able to provide more color in the next few days.”
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https://www.intralot.com/