OPAP S.A. Q3FY24 Report Overview

About the Company and its Leadership

OPAP S.A. (Organization of Football Prognostics) is the largest lottery and betting operator in Greece and one of the leading companies in Europe. Founded in 1958, the company is renowned for its extensive portfolio of games, including sports betting, numerical lotteries, and online casino offerings. OPAP’s leadership, headed by the CEO, actively promotes a strategy of innovation and digital transformation, enabling the company to adapt to modern challenges and expand its market presence.

Key Business Segments

OPAP operates across several sectors, including:

• Lotteries: The core category, where the company maintains its leadership with popular games such as Tzoker.
• Sports Betting: One of the most popular and dynamically growing segments.
• Online Casino: A fast-growing sector, increasingly becoming a critical driver of digital growth.
• Slot Machines and Retail Operations: Consistently generate stable revenue.

The most popular and profitable segment in Q3FY24 was lotteries, where Tzoker achieved remarkable growth, driven by a historic series of jackpots.

Financial Results for Q3FY24

OPAP delivered impressive financial results for the third quarter of 2024:

• Revenue reached 386.831 million EUR, up by 6.38% compared to the previous quarter and 17.85% compared to the same period last year.
• Operating profit amounted to 171.010 million EUR, reflecting an increase of 13.92% quarter-on-quarter and 52.66% year-on-year.
• Net profit totaled 123.269 million EUR, up by 1.66% from Q2FY24 and 41.48% from Q3FY23.
• Basic and diluted earnings per share (EPS) stood at 0.334 EUR.

These results underscore the company’s sustained ability to grow, even in a highly competitive market environment.

Achievements and Trends

1. Success of Tzoker: The Tzoker lottery experienced a historic surge in interest, driven by a Mega Jackpot, the second-largest in the game’s history, which significantly boosted revenue in this segment.
2. Sports Betting: The start of the new sports season, combined with a packed sports calendar, contributed to the rising popularity of sports betting.
3. Online Casino Growth: The digital segment showed remarkable growth, attracting new users and setting trends in the online gaming market.

Strategic Goals and Vision

OPAP continues to focus on innovation, enhancing the customer experience, and expanding its digital presence. The company actively invests in technology and the development of its online platforms, which not only strengthens its leadership position but also drives growth in new sectors.

Future Outlook and Strategic Perspective

Q3FY24 marked a period of significant achievements for OPAP. The company continues to showcase impressive growth and strategic flexibility, successfully adapting to a rapidly changing market. Strong financial performance, backed by an innovative approach, positions OPAP as a major player in the gaming and entertainment industry. Looking ahead to 2025, OPAP aims to further enhance its digital transformation efforts, expand its online gaming portfolio, and strengthen its market presence through strategic partnerships and customer-centric innovations. The company is also committed to sustainable growth, focusing on responsible gaming initiatives and contributing to the economic and social well-being of the communities it serves.