Allwyn, formed by the combination of Allwyn International AG and OPAP A.E., today (4 June 2026) announced its preliminary unaudited financial results for the first quarter of 2026.

Among Allwyn’s key achievements, strong momentum across all pillars of the Group’s strategy, including performance in digital, significant product portfolio innovations, non-organic growth and the execution of the global brand strategy, coupled with the completion of the landmark merger of Allwyn International AG and OPAP S.A.E.

Key highlights:

  • Net revenue €1,204 million, up 21% year-on-year – Strong underlying growth of 5% on a comparable year-on-year basis, after adjusting for higher gaming taxes in Austria and excluding the first contribution from the PrizePicks acquisition
  • Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) €443 million, up 24% year-on-year, with a margin of 37% (as a percentage of Net Revenue, up 1 percentage point year-on-year) – +11% on an underlying basis, before the impact of the PrizePicks acquisition, the higher new gaming tax in Austria and losses due to the opening of operations in Slovakia
  • Acquisition of a majority stake in PrizePicks, the leading daily fantasy sports provider in the US
  • The Group’s financial outlook for 2026 is confirmed: Net Revenue growth of more than approximately 25% (mid-to-high 20%s) (excluding one-offs of approximately €60m).) and Adjusted EBITDA margin of 37%
  • Announcement of a share buyback program of up to €150 million, in addition to the minimum dividend of €1 per share, reflecting the Group’s continued growth and cash flow generation our commitment to delivering returns to shareholders

Combination of Allwyn International and OPAP

In October 2025, the Boards of Directors of Allwyn International A.G. and OPAP S.A. approved the merger of the two companies, creating a leading listed global lottery and gaming group. In January 2026, the Extraordinary General Meeting of OPAP shareholders approved the steps necessary to implement the transaction.

Shareholders who voted against certain of the items at the EGM were entitled to exchange their shares for cash consideration from OPAP of €19.04 per share (the “Exit Right”), and were required to exercise such right by 9 February 2026. The Exit Right was validly exercised for 24 million shares, representing 6.7% of OPAP’s total outstanding shares (excluding treasury shares).

The Total Compensation of €456 million was paid for these shares on 7 April 2026. In March 2026, OPAP completed a cross-border conversion from Greece to Luxembourg. Upon completion of the transfer of domicile, OPAP was renamed Allwyn AG, whereupon Allwyn International A.G. contributed its assets and liabilities to Allwyn AG against the issue of 445,684,184 new shares, marking the financial completion of the merger.

Subsequently, Allwyn AG relocated its registered office to Switzerland, completing the final stage of the transaction in May 2026, after the end of the first quarter.

Distribution of €0.80 per share

In March 2026, the Board of Directors of the Company approved a distribution of €0.80 per share, with the possibility of reinvestment (the “Scrip Option”). The shareholders who elected to reinvest held 42 million shares, representing 25% of the free float and 5% of the Company’s total share capital (excluding treasury shares). On 4 May 2026, 2.5 million new ordinary shares were issued under the reinvestment and started trading on the Euronext Athens stock exchange, while the remaining amount of the special distribution was paid in cash (€583 million). This distribution was made from the Company’s Capital Contribution Reserve.

Taking into account the issue of new ordinary shares on 4 May 2026, Allwyn AG has 773,293,881 shares outstanding (excluding treasury shares), of which 78.2% is held indirectly by the KKCG Group and 21.8% is freely dispersed.

Allwyn CEO Robert Chvatal said: “I am extremely proud of this quarter of corporate transformation, during which we have brought together two fantastic businesses to create a global leader with scale in the entertainment and gaming industry, with an enhanced ability to shape developments, a broader range of growth opportunities and a highly diversified platform that supports long-term value creation and returns for shareholders. Meanwhile, we have remained firmly focused on delivering on our plan. The progress of our enlarged group this quarter demonstrates the breadth and strength of Allwyn’s platform, with strong momentum in driving profitability and growth in continental Europe, the addition of PrizePicks in North America, the completion of our technology transformation in the UK, the strong contribution of Betano and the continued development of our capabilities, both digitally and in terms of content.”