Lottomatica Group Spa (LTMGF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is the Chorus Call Conference Operator. Welcome and thank you for joining the Lotomatica Group's full year 2025 results conference call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Mirko Senesi, Head of Investor Relations of Lottomatica. Please go ahead, sir. Thanks, operator, and good morning to everyone. Welcome to Lottomatica Fulia Results presentation. I'm here today with our CEO, Guglielmo Angelozzi, and our CFO, Lorenzo Vallanca. Now the floor directly to Guglielmo for the presentation. Guglielmo, please. Thank you, Mirko. Good morning to everybody. We start from page three of the deck. Very happy to share with you that we had another very solid print for 2025. EBITDA grossed 21% year-on-year and adjusted net profit 45%. We have returned a significant amount of capital to our shareholders, underpinned by our solid cash flow generation in our balance sheet capacity, 375 million euros or 1.6 euros per share divided between dividends and buyback. The net leverage is at 2.4 times in line with 2024 because we use them well within our financial policy as we've used, as I said, our cash flow generation balance sheet capacity for the buyback. Without the buyback, this would have been two times or at the very low end of the financial policy. Page number four, what are the key milestones that we've achieved in 2025? The PWO integration... First of all, it's been successfully completed. We've implemented shy of 90 million Euro synergies, 34% more than what originally announced. Th...