LOTTOMATICA S P A : FY 2024 RESULTS PRESS RELEASE

About this update from Lottomatica Group S.p.a.

LOTTOMATICA GROUP S.P.A. OUTSTANDING 2024 RESULTS WITH €739M ADJUSTED EBITDA NORMALISED 1 , ABOVE GUIDANCE. CONTINUED ONLINE MARKET SHARE GROWTH ALSO IN Q4 (+7 IN THE LAST 3 YEARS). FY 2025 GUIDANCE RANGE OF €840-870M ADJUSTED EBITDA 2 . AUTHORIZATION FOR A SHARE BUYBACK OF UP TO 10% OF THE SHARE CAPITAL IN THE NEXT 18 MONTHS. VERY STRONG START OF THE YEAR WITH ONLINE AND SPORTS FRANCHISE GGR GROWING +72% AND +79% YOY FEBRUARY 2025 YTD. Rome (Italy) , 4 March 2025 - The Board of Directors of Lottomatica Group S.p.A. reviewed and approved the draft of the Consolidated Financial Statements, which includes the Sustainability Statement, and the draft of the Financial Statements of the parent company for the year ended 31 December 2024. FY 2024 Results summary 3 Bets of Euro 39.2 billion, +30% compared to FY 2023 o Online bets growth YoY of +51% Revenues of Euro 2,004.7 million, +23% compared to FY 2023, +24% at normalised payout at Euro 2,044.9 million ; Euro 587.3 million in Q4 2024, +34% compared to Q4 2023 o Online of Euro 780.2 million, +50% compared to FY 2023, +51% at normalised payout ; in Q4 2024 Euro 236.6 million, +61% compared to Q4 2023 o Sports Franchise of Euro 460.8 million, +25% compared to FY 2023, +27% at normalised payout ; in Q4 2024 Euro 147.5 million, +63% compared to Q4 2023 o Gaming Franchise of Euro 763.7 million, +3% compared to FY 2023; in Q4 2024 Euro 203.2 million, +2% compared to Q4 2023 Adjusted EBITDA normalised 1,4 of Euro 739.4 million, above the upgraded guidance of Euro 700-730 million provided in July 2024, +24% compared to FY 2023 (Euro 706.9 million actual, +22% compared to FY 2023) Operating cash flow 5 of Euro 556.8 million Adjusted Net Profit 6 of Euro 254.3 million Net financial debt at Euro 1,872.8 million equivalent to 2.4x on run-rate Adjusted EBITDA 7 Dividend payment proposal : Euro 0.30 per ordinary share PWO synergies target confirmed at Euro 75 million: c.68% of total synergies already secured Market shares 8 increase, reaching an all-time high in Q4: o Total Online market share: at 30.9% in Q4 (+1.0 p.p. versus Q3 2024) o iSports market share: at 32.3% in Q4 (+0.8 p.p. versus Q3 2024) o iGaming market share: at 30.6% in Q4 (+0.9 p.p. versus Q3 2024) Calculated assuming a normalised sports betting payout for Lottomatica (79.7% for betting retail and 86.4% for betting online) and PWO (80.2% for betting retail and 84.4% for betting online). Calculated assuming a blended normalised sports betting payout of 80.5% for retail and 85.5% for online. Reported data, 2024 figures include PWO contribution from 1 May 2024. Adjusted EBITDA is calculated as net profit for the year adjusted for: income tax expense; finance income and expenses; share of profit/(loss) of equity accounted investments; depreciation, amortization and impairments; costs related to M&A, international activities and IPO; integration costs (including expenses on corporate restructuring and redundancy); and other income and expenses that are not expected to occur in future periods. This applies to the entire document. Operating cash flow is calculated as Adjusted EBITDA net of recurring capex and concession capex. Adjusted Net Profit calculated as net profit for the year adjusted for: (i) amortization of higher value of assets resulting from business combinations following the purchase price allocation process; (ii) other non-recurring costs and income excluded from Adjusted EBITDA, (iii) financial income and expenses that, due to their nature, are not reasonably expected to recur in future periods, (iv) other non-monetary items including in financial expenses and (v) tax effects on such adjustments. Run-rate Adjusted EBITDA is calculated as Adjusted EBITDA for the year ended 31 December 2024, proforma for the acquisition of PWO and Rete Gioco Italia plus distribution insourcing operations and the run-rate synergies related to the acquisition of PWO. Market shares are based on GGR. GGR (or gross gaming revenues) refers to the difference between bet and winnings. This applies to the entire document. 1 Lottomatica Group S.p.A. FY 2024 Press release Business momentum continues to be very positive, with a very strong start of the year: GGR has grown +72% YoY in Online, +79% YoY in Sports Franchise in February 2025 YTD. Gaming Franchise declined -6% YoY. Payout in February 2025 YTD more favourable than normalised levels (77.4% in retail and 83.5% in online). Guidance for FY 2025 and Capital Returns Guidance FY 2025 2 : Euro 2,320 - 2,370 2 million of revenues, Euro 840 - 870 2 million of Adjusted EBITDA, c. Euro 85 million of recurring capex, c. Euro 105 million of concession capex 9 (of which Euro 22 million one-off payment for Online concessions, and Euro 4 million one-off payment for gaming machines), and carry-over from 2024 of Euro 27 million for bolt-ons, Euro 28 million for Goldbet and Euro 11 million for deferred Dividend proposal (subject to approval at the AGM): Euro 0.30 per share , amounting to a total dividend payment of Euro 75 million 10 Request for buyback authorization: request to the AGM to authorize to buy back up to 10% of the share capital in the next 18 months In the event that Lottomatica initiates a buyback, following the approval at the AGM, the company will not buy back shares from Gamma Intermediate. Guglielmo Angelozzi, Chief Executive Officer of Lottomatica Group, commented: "2024 marked an outstanding year for our Group, in which we consolidated our leadership position across all segments and brands. We exceeded expectations set at the beginning of the year and subsequent upgrades, with revenues of Euro 2,045 million and Adjusted EBITDA of Euro 739 million at normalised payout (Euro 707 million actual), +24% compared to FY 2023. We continued to grow both organically and through M&A, with the acquisition of PWO and executing our bolt-on strategy. Our objectives for 2025 are to strengthen our leadership position in all segments through product and technology innovation, further develop the omnichannel model while managing efficiently the retail to online transition that is occurring in the market. In light of our strong balance sheet and cash flow generation, we requested the authorization for a buyback in order to have an additional tool readily available for capital returns, which will compete for excess cash with M&A and other capital allocation opportunities, with a view to maximise shareholder returns." *** Of which c. Euro 75 million for retail prorogation, c. Euro 8 million for retail NOE extension for the years 2025 and 2026 prorogation period and c. Euro 22 million one-off for the first tranche for the nine years Online concession (second tranche of c. Euro 14 million expected in 2026). Considering the shares outstanding as of today and corresponding to a 30% pay-out on 2024 Adjusted Net Profit, in accordance with the Group's dividend policy, for approval at the upcoming AMG. 2 Lottomatica Group S.p.A. FY 2024 Press release Key consolidated results for FY 2024 Please note that PWO has been consolidated in the reported numbers since 1 May 2024. Bets by segment (Euro million, %) FY 2024 FY 2023 YoY % Online 24,493 16,204 +51% Sports Franchise 3,578 2,825 +27% Gaming Franchise 11,090 11,103 (0%) Total Bets 39,161 30,132 +30% In FY 2024, Lottomatica collected bets for Euro 39.2 billion, +30% compared to FY 2023. The Online segment continued to grow faster, with bets up +51% compared to FY 2023. Revenues by segment (Euro thousands, %) FY 2024 FY 2023 YoY % Online 780,230 520,787 +50% Sports Franchise 460,755 368,217 +25% Gaming Franchise 763,740 743,484 +3% Revenues 2,004,725 1,632,488 +23% YoY @ PO normalised (%) +51% +27% +3% +24% Revenues amounted to Euro 2,004.7 million in FY 2024, compared to Euro 1,632.5 million in the FY 2023, with an increase of +23%. The Online segment revenues amounted to Euro 780.2 million in FY 2024, +50% compared to the FY 2023, with a strong performance driven also by the market share growth across all product segments and brands. The Sports Franchise segment reported Euro 460.8 million in revenues in FY 2024, +25% compared to the previous year. The Gaming Franchise segment revenues reached Euro 763.7 million in FY 2024, +3% compared to FY 2023. 3 Lottomatica Group S.p.A. FY 2024 Press release Adjusted EBITDA and margin by segment (Euro thousands, %) FY 2024 FY 2023 YoY % Online 418,566 53.6% 300,612 57.7% +39% Sports Franchise 108,642 23.6% 97,230 26.4% +12% Gaming Franchise 179,714 23.5% 182,509 24.5% (2%) Adjusted EBITDA 706,922 35.3% 580,351 35.6% +22% YoY @ PO normalised 1 (%) +41% +20% (2%) +24% Adjusted EBITDA reached Euro 706.9 million in FY 2024, +22% compared to the FY 2023. Adjusted EBITDA margin is equal to 35.3% on revenues, compared to 35.6% in FY 2023, driven by the consolidation of PWO, which has lower margins, as well as the unfavourable payout. Operating cash flow (Euro thousands) Adjusted EBITDA Recurring capex Concession capex Operating cash flow FY 2024 FY 2023 706,922 580,351 (86,881) (65,575) (63,210) (45,150) 556,831 469,626 Operating cash flow in FY 2024 was Euro 556.8 million, compared to Euro 469.6 million for the FY 2023, mainly due to higher Adjusted EBITDA, partially offset by the lower concession payments in 2023 related to gaming machines concessions, extended for free until June 2023 following measures during Covid-19 pandemic. 4 Lottomatica Group S.p.A. FY 2024 Press release Net financial debt (Euro million) 31 December 2024 31 December 2023 Gross Financial Debt 2,046.2 2,040.9 EUR 400m FRNs due 2031 400.0 - EUR 500m SSNs due 2030 500.0 - EUR 500m FRNs due 2030 500.0 500.0 EUR 550m FRNs due 2028 - 550.0 EUR 565m SSNs due 2028 565.0 565.0 EUR 350m SSNs due 2027 - 350.0 IFRS 16 (leases) 81.2 75.9 Escrow account 11 - (497.5) Cash 12 (173.3) (294.7) Net Financial Debt 1,872.8 1,248.7 Run-rate Adjusted EBITDA 7 792.9 593.3 Net leverage 2.4x 2.1x Net financial debt amounted to Euro 1,872.8 million as of 31 December 2024, equivalent to a net leverage of 2.4x on run-rate Adjusted EBITDA 7 . Significant events occurred after the reporting date The following events occurred after 31 December 2024, which will be described in the Consolidated Financial Statements published in accordance with the terms of the law, should be noted: Acquisition of Cristaltec S.p.A. and Distante S.r.l. by Lottomatica Videolot Rete S.p.A. Merger by incorporation of SKS365 Malta Holding Limited into GBO S.p.A. Cross-border transformation of PWO Limited into PWO S.p.A.. Guidance for FY 2025 In FY 2025 Lottomatica Group expects to reach consolidated results of : Revenues: Euro 2,320 - 2,370 million 2 Adjusted EBITDA: Euro 840 - 870 million 2 Capex: o Recurring: c. Euro 85 million; Includes the net proceeds from the issuance of the EUR 500 million FRNs due 2030 in relation to the PWO acquisition, released following the completion of the acquisition. FY24 include PWO guarantee deposits of Euro 9 million, collected in January 2025. 5 Lottomatica Group S.p.A. FY 2024 Press release Concession: c. Euro 105 million, of which c. Euro 75 million for retail prorogation, c. Euro 8 million for AWP NOE extension for the years 2025 and 2026 and c. Euro 22 million one-off for the first tranche for Online (second tranche of c. Euro 14 million expected in 2026) for the 9 years online concession; Carry-over from 2024: Euro 27 million for bolt-ons, Euro 28 million for Goldbet and Euro 11 million for deferred. Dividend payment proposal The Board of Directors resolved to propose to the shareholders the payment of a dividend of Euro 0.30 per ordinary share. Considering the shares outstanding as of today, this equals to a total dividend distribution of Euro 75.5 million, representing a 30% pay-out ratio applied to 2024 consolidated Adjusted Net Profit, in accordance with the Lottomatica Group's dividend policy. The payment date is 21 May 2025 (ex-dividend date 19 May 2025 and record date 20 May 2025). Proposal to grant to the Board of Directors the authorisation to purchase and dispose of treasury shares The Board of Directors has also resolved to propose to the ordinary Shareholder's Meeting to delegate the Board of Directors to implement a treasury shares buyback programme and to the extraordinary Shareholders' Meeting the cancellation of treasury shares with no reduction of the share capital and to consequently amend clause 5 of the Articles of Association. The request for authorization to purchase and dispose of treasury shares is aimed at providing the Company with a flexible instrument that it can use, in strict compliance with current EU and national regulations, as well as in accordance with accepted market practices from time to time, to remunerate the shareholders in light of the Company's performance and cash flow generation profile. The Board of Directors believes that the proposed authorization will allow the Company to have an additional tool readily available for capital returns, which will compete for excess cash with M&A and other capital allocation opportunities, with a view to maximise shareholder returns. The Company's stated dividend and financial policy shall remain in place. Authorisation for the purchase and disposal of treasury shares is requested under the following conditions: a maximum number of Lottomatica shares equal to 10% of the outstanding shares of the Company from time to time; for 18 (eighteen) months from the date of the Shareholders' Meeting authorising the purchase, and without any time limit with reference to acts of disposal; at a purchase or disposal price, as the case may be, to be determined from time to time by the Board of Directors, also having regard to the method chosen to carry out the transaction and in compliance with any applicable regulations, it being understood that such price in any case shall not diverge, either downwards or upwards, by more than 20% from the price registered by the Company's shares in the trading session of Euronext Milan, organised and managed by Borsa Italiana S.p.A., on the day prior to the execution of each individual transaction. In addition, the Board of Directors proposed that purchases may be made, from time to time, in one of the ways set forth in Article 144- bis , paragraph 1, letters b), c), d), d- ter ), and paragraph 1- bis , of 6 Lottomatica Group S.p.A. FY 2024 Press release the Consob Regulation adopted by resolution No. 11971 of 14 May 1999, while disposals may be made at any time, in whole or in part, in the manner most appropriate in the Company's interest, in compliance with applicable laws and regulations. The Company currently does not hold any treasury shares. At the same time, the Extraordinary Shareholders' Meeting will be asked to authorise the cancellation of the shares that may be purchased by the Company, without reducing the share capital. In addition, an amendment to Article 5 of the Articles of Association will also be proposed to the Shareholders' Meeting, in order to delegate the Chairman of the Board of Directors and the Chief Executive Officer to update Paragraph 1 of said Article, reducing the number of shares indicated therein by a number corresponding to the shares that will actually be cancelled. For further information on the proposal to delegate the Board of Directors to implement a treasury shares buyback program as well as on the proposal to cancel the treasury shares to be acquired by the Company and the subsequent amendment to the by-laws, please refer to the directors' report prepared in accordance with applicable law, which, together with the notice of call and other documentation for the Shareholders' Meeting, will be made available to the public at the Company's registered office in Via degli Aldobrandeschi 300, Rome (RM), on the Company's website www.lottomaticagroup.com , section "Governance/ Shareholders' Meeting" and "Documents and reports" and through the authorised storage mechanism "1Info" at www.1info.it . Sustainability Statement The Board of Directors of Lottomatica Group S.p.A. reviewed the 2024 Sustainability Statement which is part of the management report. Financial statement of the parent company Lottomatica Group S.p.A. The Board of Directors of Lottomatica Group S.p.A. reviewed and approved the draft of the Financial Statements for the year ended 31 December 2024 of the parent company. Other resolutions The Board of Directors also approved the Report on Corporate Governance, pursuant to Article 123- bis of the Consolidated Law on Finance, and the Report on Remuneration, pursuant to Article 123- ter of the Consolidated Law on Finance (first and second sections), which will be made public at the company's registered office and in the "Governance" section of the company's website in accordance with the terms and procedures required by law. The Board of Directors convened the Ordinary and Extraordinary Shareholders' Meeting on 30 April 2025 in a single call, to resolve, inter alia, on the approval of the financial statements for the year 2024, on the allocation of the profit for the year, on the approval of the first section of the Remuneration Report and - as regards the extraordinary part - on the amendment of certain articles of the Company's bylaws and on the approval of the buyback proposal. *** 7 Lottomatica Group S.p.A. FY 2024 Press release Management will hold a conference call at 10:00 CET on 4 March 2025 to comment the consolidated results to the market. The event can be followed: via phone: +39 02 802 09 11 or +44 121 281 80 04 or +1 718 705 87 96 via Webcast The manager in charge of preparing the company's accounting documents, Laurence Lewis Van Lancker, declares, pursuant to par. 2 of Art. 154-bis of the Consolidated Finance Act, that the accounting information contained in this press release corresponds to the documented results, books and accounting records. 8 Lottomatica Group S.p.A. FY 2024 Press release Consolidated statement of comprehensive income For the year ended 31 December (Euro thousands) 2024 2023 13 Revenues 2,004,725 1,632,488 Other income 14,951 18,529 Total revenues and income 2,019,676 1,651,017 Cost of services (1,213,725) (972,759) Personnel expenses (135,503) (98,378) Other operating costs (39,477) (40,952) Depreciation, amortization and impairments (244,353) (194,678) Impairment of receivables and financial assets (243) (7,975) Other (accruals)/releases (785) 1,977 Finance income 9,038 28,139 Finance expenses (215,400) (220,287) Share of profit/(loss) of equity accounted investments 1,663 (8,965) Profit before tax 180,891 137,139 Income tax expense (77,052) (63,277) Net profit for the year 103,839 73,862 Net profit for the year attributable to non-controlling interests 5,242 5,919 Net profit for the year attributable to the owners of the parent 98,597 67,943 For the year ended 31 December (Euro thousands) 2024 2023 13 Net profit for the year 103,839 73,862 Actuarial gains on employee benefit liabilities 408 174 Fiscal effect on actuarial gains on employee benefit liabilities (98) (42) Other items that will not be classified to profit or loss 310 132 Losses on hedging derivatives (3,889) (31,195) Fiscal effect on losses on hedging derivatives 928 7,487 Gains/(losses) on conversion of financial statements of the foreign companies 21 (696) Other items that will be classified to profit or loss (2,940) (24,404) Total comprehensive profit 101,209 49,590 Total comprehensive profit attributable to non-controlling interests 5,242 5,919 Total comprehensive profit attributable to the owners of the parent 95,967 43,671 13 Consolidated statement of comprehensive Income figures for the year ended 31 December 2023 has been restated following the completion of the purchase price allocation relating to Ricreativo B S.p.A.. 9 Lottomatica Group S.p.A. FY 2024 Press release Consolidated statement of financial position As of 31 December (Euro thousands) 2024 2023 14 Intangible assets 697,953 576,335 Goodwill 2,048,563 1,470,778 Property, plant and equipment 148,460 109,234 Right of use 74,398 69,555 Investment property 435 462 Non-current financial assets 2,037 614 Equity accounted investments - 285 Non-current trade receivables 636 955 Deferred tax assets 10,565 - Other non-current assets 15,815 14,348 Total non-current assets 2,998,862 2,242,566 Inventories 1,478 1,495 Current trade receivables 77,349 95,825 Current financial assets 30,396 530,475 Tax receivables 2,158 872 Other current assets 162,079 120,155 Cash and cash equivalents 164,156 294,682 Total current assets 437,616 1,043,504 Total assets 3,436,478 3,286,070 Share capital 10,000 10,000 Other reserves 405,959 471,383 Retained earnings 102,010 16,629 Total shareholders' equity attributable to the owners of the parent 517,969 498,012 Equity attributable to non-controlling interests 47,534 43,218 Total shareholders' equity 565,503 541,230 Employee benefit liabilities 26,730 22,016 Non-current financial liabilities 2,048,436 2,020,297 Provisions for risks and charges 6,164 4,891 Deferred tax liabilities 152,130 105,382 Other non-current liabilities 53,200 17,675 Total non-current liabilities 2,286,660 2,170,261 Current financial liabilities 100,391 165,793 Current trade payables 133,702 95,911 Tax payables 23,147 4,649 Other current liabilities 327,075 308,226 Total current liabilities 584,315 574,579 Total equity and liabilities 3,436,478 3,286,070 14 The figures in the Consolidated Statement of financial position as of 31 December 2023 have been restated following the definition of the purchase price allocation evaluation process of Ricreativo.B S.p.A.. 10

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