Maltese lottery operator IZI Finance announces record interim results for July to December 2025 – G3 Newswire
Summary
IZI Finance plc, the finance arm of IZIGROUP, reported record interim results for the six months ended 31 December 2025. The Group delivered strong growth across its revenue-generating verticals, reporting turnover of €561m (up 25% year-on-year) and Player Winnings that rose by €104m. Gaming revenues reached €53.9m (an increase of €8.6m, +19%).
Profitability improved markedly: EBITDA was €18.1m (up 35%) and net profit before tax rose to €6.9m, an increase of €4.2m (156%) versus the prior-year period. The Board expects FY2026 turnover to exceed €1bn and Gross Gaming Revenues to top €100m.
To support international expansion, the Group has signalled an intention to return to market with a proposed €30m bond issue on the Malta Stock Exchange (subject to regulatory approval). IZIGROUP remains the exclusive concessionaire for Malta’s lotteries through National Lottery plc and holds a majority stake in Dragonara Gaming Limited (Dragonara Casino).
Key Points
- Turnover: €561m, up 25% year-on-year.
- Player Winnings increased by €104m versus the same period last year.
- Gaming Revenues: €53.9m, up €8.6m (19%).
- EBITDA: €18.1m, a 35% increase year-on-year.
- Net profit before tax: €6.9m, up €4.2m (156%).
- Board projects FY2026 turnover to exceed €1bn and Gross Gaming Revenues to top €100m.
- Proposed €30m bond issuance on the Malta Stock Exchange to fund international expansion (subject to approvals).
- IZIGROUP operates Malta’s national lottery (via National Lottery plc) and holds a majority stake in Dragonara Casino, positioning it to export a concession-based operating model overseas.
Why should I read this?
Short and sharp: IZI has posted headline-beating numbers and is setting up to go global. If you watch gaming operators, investors or Malta’s lottery sector, this matters — stronger profits, a planned €30m bond and clear expansion plans. Quick read, useful intel.
Author’s take
Punchy: This is more than steady growth — it’s a material step-change that gives IZI the balance sheet and momentum to pursue international opportunities. Anyone tracking sector consolidation, concession models or debt-funded expansion should pay attention to the detail.