Igaming growth drives strong Q1 results for OPAP

The Greek Organization Of Football Prognostics, known as OPAP S.A., is a leading gaming operator in Greece, specializing in lottery, sports betting, and online gaming services. The company is renowned for its diversified gaming portfolio and strong presence in both retail and online channels.

OPAP S.A. has reported a robust start to 2025, with a significant increase in its financial performance for the first quarter. The company achieved a Gross Gaming Revenue (GGR) of €595 million, marking an 8.2% year-over-year growth, driven by strong online and retail performance.

Key financial highlights include a 10.7% increase in gross profit from gaming operations, reaching €250.8 million, and an 8.8% rise in EBITDA to €207.1 million. The net profit also saw an 8.9% growth to €123.4 million, with a healthy net profit margin of 20.7%. The company’s diversified earnings profile and resilient omnichannel business model have effectively mitigated risks from global economic uncertainties.

The company’s strategic focus on digital transformation and customer-centric experiences has been pivotal in its success. The online gaming sector, particularly iGaming, showed a remarkable 19.8% growth, while sports betting revenues rose by 12.8%. The company also highlighted advancements in retail digitalization through the OPAP Store App.

Looking ahead, OPAP’s management remains optimistic about achieving its 2025 growth and profitability targets. The company plans to continue leveraging innovative technology and its partnership with Allwyn to enhance customer experiences and generate shareholder value while maintaining its commitment to sustainability and social responsibility.

https://www.tipranks.com/news/company-announcements/opap-s-a-reportfins-strong-q1-2025-financial-performance