IZI Finance plc - Updated Financial Analysis Summary

On 26 November 2025, 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 2026:

• Revenue is expected to increase by 7.0% to €100.9 million (FY2024/25: €94.5 million), mostly driven by improved results across all lottery type games and the continued strength shown from sports betting. Furthermore, the group is also set to benefit from a new bingo and historical horse racing facility in Gozo which will open its doors in February 2026.
• EBITDA is anticipated to rise by 8.0% to €31.2 million (FY2024/25: €28.9 million) as the anticipated growth in income is projected to outpace the increase in staff costs, gaming tax and other operating expenses.
• The group is anticipated to sustain a sizeable depreciation and amortisation charge of €20.4 million reflecting the large capital expenditure program that has recently been undertaken by the group. Nonetheless, operating profit is set to surge by 12.8% to €13.4 million compared to €11.9 million last year.
• Net finance costs are forecasted to decrease by 5.9% to €4.44 million (FY2024/25: €4.71 million) translating to an interest cover based on EBITDA of 7.0 times (FY2024/25: 6.1 times).
• Total debt is forecasted to decrease to €86.9 million (30 June 2025: €94.2 million), which includes €28.6 million in lease liabilities. The reduction in debt will be driven by a €7.8 million decline in bank borrowings. Meanwhile, total equity is forecasted to increase by 6.6% to €91.5 million (30 June 2025: €85.8 million). As such, the gearing ratio is expected to improve to 48.7% from 52.3%.
• After accounting for the expected cash balance of €14.6 million as at 30 June 2026, IZI Finance is anticipating a net debt position of €72.3 million (30 June 2025: €87.1 million), which translates into a net debt-to-EBITDA multiple of 2.3 times (30 June 2025: 3.0 times).