IZI Group exceeds €1 billion in turnover

The Board of Directors of IZI Finance plc has announced the audited financial results for the financial year ended 30 June 2026, marking another year of strong growth and a historic milestone for the Group.

For the first time, the Group exceeded €1 billion in both turnover and player winnings, reflecting continued growth across its core operations and the ongoing implementation of its strategic and operational development programme.

The Group also made a significant direct contribution to Malta’s economy and social causes during the year, contributing a total of €41.8 million in concession fees and gaming taxes to the Government of Malta, together with contributions to the Social Causes Fund, the Responsible Gaming Foundation and sponsorships. This represented 37.7% of the Group’s Gross Gaming Revenue (‘GGR’) for the financial year.

IZI Group remained the leading gaming operator in Malta through the National Lottery concession, the Dragonara Casino and its growing portfolio of interactive gaming products, reporting significant year-on-year growth across its key financial metrics:

• Turnover reached €1.172 billion, up 27.4% when compared to FY2025.
• Player winnings amounted to €1.060 billion, up 28.4% when compared to FY2025.
• Gross Gaming Revenue (GGR) increased to €110.9 million, up 18.3% when compared to FY2025.
• EBITDA increased to €37.3 million, representing a growth of 29.1% over FY2025.
• Operating profit increased to €19.4 million, up 63.8% when compared to FY2025.
• Profit before tax increased to €14.4 million, representing a growth of approximately 102% over FY2025.

The Group's improved performance was driven principally by growth at National Lottery plc, complemented by continued strong performance across the casino and interactive gaming segments. The Group’s EBITDA margin on GGR improved to 33.7%, compared with 30.8% in the previous year, reflecting stronger operational performance and improved profitability.

The Group also generated €39.7 million in net cash from operating activities, an increase of approximately 40% over the previous year. Cash and cash equivalents stood at €44.3 million as of 30 June 2026, while the Group’s working capital position improved to a surplus of €24.3 million at the end of FY2026.

During the year, IZI Finance plc successfully completed the issuance of €30 million 5.5% Unsecured Bonds 2036, further strengthening the Group’s capital and liquidity position and providing additional financial flexibility to support its investment programme and future growth opportunities.

The Group continued to invest in its operations, distribution network, digital capabilities and organisational infrastructure, while maintaining its focus on operational efficiency, product innovation and responsible growth.

National Lottery plc maintained its World Lottery Association Level 4 Responsible Gaming Certification and WLA Level 2 Security Control Standard Certification, following the attainment of ISO/IEC 27001:2022 certification for information security management. During FY2026, National Lottery plc was also inducted as a full member of the United Lotteries for Integrity in Sports (ULIS), further reinforcing the Group’s commitment to integrity, transparency, fair play and responsible gaming.

Commenting on the results, Johann Schembri, Founder and Group CEO, said:

“FY2026 marks another important milestone in the growth path of IZI Group. For the first time, we have surpassed €1 billion in both turnover and player winnings, while delivering significant growth in GGR, EBITDA, profitability and operating cash generation.

“These results exceed all our targets and reflect the continued strength of our core businesses, the investments we have made in our people, technology, products and distribution capabilities, and the disciplined execution of our strategy. Importantly, this growth has been achieved while maintaining our commitment to responsible gaming, integrity and the highest standards of governance.

“Having substantially completed the major investment programme across our Malta-based operations and strengthened the Group’s financial position, we are entering the next phase of our strategy from a solid foundation. We remain committed to further strengthening our local operations through further product innovation, optimisation and expansion of our distribution network, enhancement of the digital offering and continued focus on operational efficiency. At the same time, we will be progressively pursuing targeted international opportunities with high barriers to entry where we believe our experience, technology and operating model can create sustainable long-term value.”