IZI Finance plc reports record results as turnover rises 27.4% to €1.17bn
IZI Group has exceeded €1 billion in turnover for the first time, as it reported strong growth across its operations during the financial year ended 30 June.
The Group’s audited results, announced by IZI Finance plc, show that turnover increased by 27.4% to €1.172 billion, while player winnings rose by 28.4% to €1.060 billion.
Gross Gaming Revenue (GGR) increased by 18.3% to €110.9 million, while EBITDA rose 29.1% to €37.3 million. Operating profit climbed 63.8% to €19.4 million, while profit before tax more than doubled, increasing by approximately 102% to €14.4 million.
The Group attributed the improved performance principally to growth at National Lottery plc, supported by continued strong performance from its casino and interactive gaming operations.
IZI Group said its EBITDA margin on GGR improved to 33.7%, compared with 30.8% a year earlier, reflecting improved operational performance and profitability.
The Group generated €39.7 million in net cash from operating activities, around 40% more than the previous year. Cash and cash equivalents stood at €44.3 million at the end of June, while working capital improved to a surplus of €24.3 million.
During the year, the Group also issued €30 million in 5.5% unsecured bonds maturing in 2036, strengthening its capital and liquidity position and providing additional flexibility for future investment.
IZI said it invested further in its operations, distribution network, digital capabilities and organisational infrastructure, while continuing to focus on product innovation, operational efficiency and responsible gaming.
The Group also contributed €41.8 million to Malta’s economy and social causes during the year through concession fees, gaming taxes and contributions to the Social Causes Fund, the Responsible Gaming Foundation and sponsorships. This represented 37.7% of the Group’s GGR.
National Lottery plc retained its World Lottery Association Level 4 Responsible Gaming Certification and Level 2 Security Control Standard Certification. It also obtained ISO/IEC 27001:2022 certification for information security management and became a full member of United Lotteries for Integrity in Sports (ULIS).
Commenting on the results, IZI Group founder and CEO Johann Schembri said the €1 billion milestone in turnover and player winnings reflected the strength of the Group’s core businesses and investments in people, technology, products and distribution.
He said the Group was now entering the next phase of its strategy, with plans to further develop its Malta operations through product innovation, expansion of its distribution network, digital services and operational efficiencies, while also pursuing selected international opportunities.
