IZI Finance plc - Updated Financial Analysis Summary

On 17 December 2024, IZI Finance plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and position of IZI Finance plc for the current financial year ending 30 June 2025:

• Revenue is expected to increase by 9.8% to €95.6 million (FY2023/24: €87.1 million) mostly attributed to the improved results in numerical lottery, the sustained results emanating from sports betting and the strong revenue growth from electronic gaming machines.
• EBITDA is anticipated to surge by 16.7% to €30.1 million, (FY2023/24: €25.8 million) as the anticipated growth in income is projected to outpace the increase in staff costs and other operating expenses.
• Net finance costs are forecasted to be about €4.87 million (FY2023/24: €5.17 million) translating to an interest cover of 6.2 times (FY 2023/24: 5.0 times).
• Total debt is forecasted at €95.6 million (30 June 2024: €99.2 million), which includes €27.5 million in lease liabilities. As such, the gearing ratio is expected to fall to 52.6% from 54.4%.
• After accounting for the expected cash balance of €8.4 million as at 30 June 2025, IZI Finance is anticipating a net debt position of €87.3 million (30 June 2024: €92.3 million), which translates into a net debt-to-EBITDA multiple of 2.9 times (30 June 2024: 3.6 times).