Allwyn Ag (GRKZF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I am Geli, your course call operator. Welcome and thank you for joining the ONAG Investor Conference call and live webcast to present and discuss the first quarter 2026 preliminary results. At this time, I would like to turn the conference over to Mr. Robert Fatal, CEO. Mr. Fatal, you may now proceed. Thank you very much, and good morning or good afternoon, everyone, and congratulations Welcome to Allwinds Q1 2026 earnings call. I'm particularly proud to present this quarter to you, not only because of the strong momentum and exciting developments in the quarter, but also because this is the first set of results post the combination of OPAP and Allwinds. And this is obviously a real milestone that positions the group as as differentiated, scaled and diversified listed gaming company. So in today's slides, I'll be walking you through key business developments. I will relate them to our strategy and then we'll hand over to Kent for some more detail on our numbers and financial topics. So let's get started with key Q1 headline. as a strong start into 2026, so stay tuned. Q1 was a very strong start to the year with great progress both strategically and financially. Financially, net revenues was up 21% year-on-year. Adjusted EBITDA increased 24%, and adjusted EBITDA minus CapEx, free cash flow, was up 30%. And it was driven by strong underlying performance and the acquisition of price peaks in mid-January. So that strong cash generation is a key feature of our financial profile and supports, obviously, our high capital returns. We paid 80 cents a share in May. We have announced a 150 million euro buyback today, and we expect an interim dividend of 20 cents today. in the second half of 2026. We also continued to execute our ...