888 — FY2025 Earnings Presentation
16 slides from 888's earnings presentation, Apr 30, 2026
Slide 1: FY25 Results Presentation
FY25 Results Presentation 30 April 2026
Slide 2: Agenda
AGENDA Topic Presenters Summary FY25 Financial Review Q1 2026 Trading Update Q&A Per Widerström Sean Wilkins Chief Executive Officer Chief Financial Officer 2
Slide 3: Summary
SUMMARY 2025 was a year of strategic and operational progress that delivered materially improved profitability 2026 has started well and strategic review discussions remain ongoing ❑ Continued operational progress delivering profitable growth and strong exit momentum ❑ Revenue +2% to £1,782m, with Q
Slide 4: Delivering Profitable Growth
DELIVERING PROFITABLE GROWTH Bold decisive actions taken to transform the business, driving profitable growth Drive sustainable revenue growth Improve profitability and efficiency Deleverage ● Radically transforming almost every ● Improved profitability has driven area of the business strong delever
Slide 5: Financial review
Financial review Sean Wilkins, CFO 5
Slide 6: 2025 Financial Summary
2025 FINANCIAL SUMMARY Revenue growth of 2% driven by core markets and gaming growth across all divisions Adjusted EBITDA of £356m, +14% YoY, with meaningfully improved margin and efficiency Revenue £m FY25 FY24 YoY • UK&I Online: gaming +2% driven by strong William Hill performance, offset by a dec
Slide 7: Cash Flow
CASH FLOW Cash outflow primarily driven by timing of working capital, and one-off costs including Italian licences and transformation costs. Leverage reduced but likely to remain elevated given UK duty changes £m Dec-23 Dec-24 Dec-25 Gross debt1 1,798.0 1,839.8 1,896.4 IFRS16 liabilities 87.6 95.0 9
Slide 8: Q1 2026 Trading Update
Q1 2026 TRADING UPDATE Current trading in line with our expectations Q1 2026 YoY growth % £m Q1 2026 Revenue Gaming Sports Total Total ● UK Online performing well and ahead of expectations Total online +5% -8% +2% £318m driven by strong gaming growth, particularly in William Hill - UK&I +8% -2% +5%
Slide 9: Q&A Presenters
Q&A Presenters 9
Slide 10: Appendix
Appendix 10
Slide 11: Segmental Performance
SEGMENTAL PERFORMANCE UK&I Online Retail International Group Unaudit ed FY FY % FY FY % FY FY % FY FY % £m 2025 2024 Change 2025 2024 Change 2025 2024 Change 2025 2024 Change Average mont hly act ives (000s) 1,059 1,181 -10% 641 544 +18% 1,701 1,726 -1% Sportsbook stakes 2,029.2 2,297.1 -12% 1,413.5
Slide 12: Quarterly Performance – Group
QUARTERLY PERFORMANCE – GROUP Unaudit ed - Group 2024 2025 £m Q1 Q2 Q3 Q4 H1 H2 FY Q1 Q2 Q3 Q4 H1 H2 FY Average mont hly act ives (000s) 1,835 1,815 1,653 1,600 1,825 1,627 1,726 1,754 1,720 1,622 1,707 1,737 1,664 1,701 Sportsbook stakes 1,351.5 1,263.5 1,166.4 1,187.6 2,615.0 2,354.0 4,969.0 1,168
Slide 13: Quarterly Performance – UK&I Online
QUARTERLY PERFORMANCE – UK&I ONLINE Unaudit ed - UK&I Online 2024 2025 £m Q1 Q2 Q3 Q4 H1 H2 FY Q1 Q2 Q3 Q4 H1 H2 FY Average mont hly act ives (000s) 1,274 1,281 1,135 1,037 1,277 1,086 1,181 1,069 1,101 1,027 1,041 1,085 1,034 1,059 Sportsbook stakes 630.6 576.1 548.9 541.4 1,206.7 1,090.4 2,297.1 5
Slide 14: Quarterly Performance – UK Retail
QUARTERLY PERFORMANCE – UK RETAIL Unaudit ed - UK Ret ail 2024 2025 £m Q1 Q2 Q3 Q4 H1 H2 FY Q1 Q2 Q3 Q4 H1 H2 FY Sportsbook stakes 393.5 402.5 374.4 376.6 796.0 751.0 1,547.0 367.3 371.0 338.9 336.3 738.3 675.2 1,413.5 Sport sbook net revenue margin 19.3% 18.5% 16.8% 21.9% 18.9% 19.4% 19.1% 18.9% 19
Slide 15: Quarterly Performance – International
QUARTERLY PERFORMANCE – INTERNATIONAL Unaudit ed - Int ernat ional 2024 2025 £m Q1 Q2 Q3 Q4 H1 H2 FY Q1 Q2 Q3 Q4 H1 H2 FY Average mont hly act ives (000s) 561 534 519 563 548 541 544 685 619 594 666 652 630 641 Sportsbook stakes 327.3 285.0 243.1 269.5 612.3 512.6 1,124.9 262.1 228.6 203.0 217.1 490
Slide 16: Disclaimer
DISCLAIMER Forward looking statements ● This presentation may contain certain forward-looking statements, beliefs or opinions, with respect to the financial condition, results of operations and business of the Company. These statements, which contain the words “anticipate”, “believe”, “intend”, “est