Intralot — Strong underlying revenue growth in Q125

Intralot has enjoyed a strong start to the year with c 11% growth, albeit EBITDA was broadly flat as the growth came from its lowest margin businesses. Although there is no explicit financial guidance for FY25, management has said the recent geopolitical challenges have not affected its outlook for the current financial year. There has been good progress with contract extension in New Zealand and New Hampshire following the period end. Our forecasts are under review and will be updated shortly.