Cash flow Lottomatica Group S.p.A.

Equities

LTMC

IT0005541336

Casinos & Gaming

Market Closed - Borsa Italiana Other stock markets 16:45:00 15/05/2026 BST			5-day change	1st Jan Change
26.00 ^EUR	-1.96%		-3.70%	+16.07%

05-14	Futures rise; Starmer falters in London	AN
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Published financial data: LOTTOMATICA GROUP S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	941M	1.39B	1.63B	2B	2.25B
Total Revenues	941M	1.39B	1.63B	2B	2.25B
Cost of Goods Sold, Total	729M	946M	1.05B	1.3B	1.41B
Gross Profit	213M	449M	585M	701M	832M
Selling General & Admin Expenses, Total	11.62M	13.72M	23.42M	45.66M	54.57M
Provision for Bad Debts	6.56M	2.59M	7.98M	243K	25.56M
Depreciation & Amortization - (IS)	135M	153M	194M	244M	261M
Other Operating Expenses	1.8M	18.54M	22.42M	24.53M	25.2M
Other Operating Expenses, Total	155M	188M	247M	315M	366M
Operating Income	57.79M	261M	337M	387M	466M
Interest Expense, Total	-80.53M	-119M	-220M	-215M	-193M
Interest And Investment Income	36K	550K	28.14M	9.04M	3.28M
Net Interest Expenses	-80.5M	-119M	-192M	-206M	-190M
Income (Loss) On Equity Invest.	-467K	-915K	-8.96M	1.66M	-110K
Other Non Operating Income (Expenses)	-12.08M	-6.62M	1.98M	-785K	258K
EBT, Excl. Unusual Items	-35.26M	135M	138M	181M	276M
Merger & Related Restructuring Charges	-5.3M	-	-	-	-
Asset Writedown	-	-490K	-553K	-244K	-165K
Other Unusual Items	-6.69M	-	-	-	-
EBT, Incl. Unusual Items	-47.25M	135M	138M	181M	276M
Income Tax Expense	7.62M	55.18M	63.42M	77.05M	95.94M
Earnings From Continuing Operations	-54.88M	79.35M	74.22M	104M	180M
Net Income to Company	-54.88M	79.35M	74.22M	104M	180M
Minority Interest	328K	-6.31M	-5.92M	-5.24M	-5.54M
Net Income - (IS)	-54.55M	73.04M	68.3M	98.6M	174M
Net Income to Common Incl Extra Items	-54.55M	73.04M	68.3M	98.6M	174M
Net Income to Common Excl. Extra Items	-54.55M	73.04M	68.3M	98.6M	174M
Per Share Items
Net EPS - Basic	-0.27	0.37	0.29	0.39	0.7
Basic EPS - Continuing Operations	-0.27	0.37	0.29	0.39	0.7
Basic Weighted Average Shares Outstanding	200M	200M	234M	252M	249M
Net EPS - Diluted	-0.27	0.37	0.29	0.39	0.7
Diluted EPS - Continuing Operations	-0.27	0.37	0.29	0.39	0.7
Diluted Weighted Average Shares Outstanding	200M	200M	234M	252M	250M
Normalized Basic EPS	-0.11	0.39	0.34	0.43	0.67
Normalized Diluted EPS	-0.11	0.39	0.34	0.43	0.67
Dividend Per Share	-	-	0.26	0.3	0.44
Payout Ratio	-	22.25	-	68.07	44.85
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	153M	361M	475M	575M	662M
EBITA	114M	319M	435M	528M	610M
EBIT	57.79M	261M	337M	387M	466M
EBITDAR	159M	366M	482M	589M	677M
Total Revenues (As Reported)	949M	1.41B	1.65B	2.02B	2.26B
Effective Tax Rate - (Ratio)	-16.14	41.02	46.08	42.6	34.79
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	13.08M	59.31M	78.4M	88.79M	114M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-5.46M	-4.13M	-14.99M	-11.74M	-18.22M
Normalized Net Income	-21.71M	78.08M	80.45M	108M	167M
Interest on Long-Term Debt	71.21M	91.05M	215M	179M	187M
Non-Cash Pension Expense	2.57M	-	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	5.32M	8.13M	16.07M	31.98M	40.26M
Selling and Marketing Expenses	5.32M	8.13M	16.07M	31.98M	40.26M
Net Rental Expense, Total	6.3M	5.59M	7.35M	13.69M	14.31M
Imputed Operating Lease Interest Expense	3.76M	2.86M	6.18M	10.92M	10.28M
Imputed Operating Lease Depreciation	2.53M	2.72M	1.17M	2.77M	4.03M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	125M	235M	295M	164M	144M
Short Term Investments	28.61M	26.4M	1.56M	1.71M	1.18M
Trading Asset Securities, Total	-	-	45K	18K	-
Total Cash And Short Term Investments	153M	261M	296M	166M	145M
Accounts Receivable, Total	117M	88.5M	95.82M	77.35M	74.07M
Other Receivables	1.27M	877K	872K	46.25M	50.71M
Total Receivables	119M	89.37M	96.7M	124M	125M
Inventory	86K	3.21M	1.5M	1.48M	1.63M
Other Current Assets, Total	77.93M	144M	649M	147M	137M
Total Current Assets	350M	498M	1.04B	438M	409M
Gross Property Plant And Equipment	216M	261M	309M	380M	438M
Accumulated Depreciation	-54.48M	-96.31M	-130M	-157M	-208M
Net Property Plant And Equipment	161M	165M	179M	223M	230M
Long-term Investments	18.52M	44.1M	899K	1.81M	15.75M
Goodwill	1.14B	1.54B	1.48B	2.05B	2.08B
Other Intangibles, Total	447M	452M	561M	698M	745M
Accounts Receivable Long-Term	2.26M	1.03M	955K	636K	3.17M
Deferred Tax Assets Long-Term	3.96M	-	-	10.56M	781K
Other Long-Term Assets, Total	38.96M	15.22M	14.81M	16.48M	18.67M
Total Assets	2.16B	2.71B	3.28B	3.44B	3.5B
Liabilities
Accounts Payable, Total	75.9M	92.35M	90.51M	128M	127M
Accrued Expenses, Total	5.04M	6.65M	5.4M	296M	299M
Short-term Borrowings	131K	-	-	-	-
Current Portion of Long-Term Debt	150M	73.38M	133M	77.44M	68.17M
Current Portion of Leases	12.39M	13.93M	18.59M	21.55M	24.25M
Current Income Taxes Payable	7.43M	47.02M	4.65M	23.15M	31.1M
Other Current Liabilities	216M	290M	322M	38.11M	277M
Total Current Liabilities	468M	524M	575M	584M	826M
Long-Term Debt	1.23B	1.88B	1.96B	1.99B	2.02B
Long-Term Leases	56.62M	54.28M	57.32M	59.62M	51.43M
Pension & Other Post Retirement Benefits	15.4M	17.98M	22.02M	26.73M	27.75M
Deferred Tax Liability Non Current	83.8M	80.68M	101M	152M	126M
Other Non Current Liabilities	42.63M	53.74M	22.57M	59.36M	75.79M
Total Liabilities	1.9B	2.61B	2.74B	2.87B	3.13B
Common Stock, Total	50K	50K	10M	10M	10M
Additional Paid In Capital	-	-	-	-	368M
Retained Earnings	-110M	-26.69M	17M	102M	208M
Treasury Stock	-	-	-	-	-299M
Comprehensive Income and Other	338M	78.95M	471M	406M	37.54M
Total Common Equity	228M	52.31M	498M	518M	325M
Minority Interest	35.7M	55.17M	43.22M	47.53M	52.42M
Total Equity	264M	107M	542M	566M	377M
Total Liabilities And Equity	2.16B	2.71B	3.28B	3.44B	3.5B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	200M	200M	252M	252M	238M
ECS Total Common Shares Outstanding	200M	200M	252M	252M	238M
Book Value / Share	1.14	0.26	1.98	2.06	1.37
Tangible Book Value	-1.36B	-1.94B	-1.54B	-2.23B	-2.5B
Tangible Book Value Per Share	-6.78	-9.69	-6.14	-8.86	-10.51
Total Debt	1.45B	2.02B	2.17B	2.15B	2.16B
Net Debt	1.3B	1.76B	1.88B	1.98B	2.02B
Debt Equivalent Oper. Leases	50.37M	44.7M	58.81M	109M	115M
Minority Interest, Total (Incl. Fin. Div)	35.7M	55.17M	43.22M	47.53M	52.42M
Equity Method Investments, Total	6.86M	9.71M	285K	-	14.82M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	-	3.21M	1.5M	1.48M	-
Machinery, Total	86.66M	115M	134M	154M	210M
Full Time Employees	1.27K	1.6K	1.8K	2.49K	2.44K
Part Time Employees	-	-	127	173	121
Accumulated Allowance for Doubtful Accounts (Supple)	-	34.62M	36.79M	34M	56.89M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-54.55M	73.04M	68.3M	98.6M	174M
Depreciation & Amortization - CF	49.22M	56.43M	56.29M	68M	76M
Amortization of Goodwill and Intangible Assets - (CF)	56.61M	57.87M	97.95M	142M	144M
Depreciation & Amortization, Total	106M	114M	154M	210M	220M
Amortization of Deferred Charges, Total - (CF)	40.26M	43.2M	56.48M	62.46M	65.09M
Asset Writedown & Restructuring Costs	-	490K	553K	244K	165K
(Income) Loss On Equity Investments - (CF)	467K	915K	8.96M	-1.66M	110K
Provision and Write-off of Bad Debts	6.56M	2.59M	7.98M	243K	25.56M
Other Operating Activities, Total	82.3M	157M	135M	191M	185M
Change In Accounts Receivable	-71.51M	35.59M	-10.45M	21.67M	3.35M
Change In Inventories	10K	-2.34M	2.74M	350K	-153K
Change In Accounts Payable	16.77M	-366K	-4.75M	7.15M	-5.97M
Change in Other Net Operating Assets	-4.48M	-12.82M	-11.78M	-65.48M	-32.74M
Cash from Operations	122M	412M	408M	524M	635M
Capital Expenditure	-24.88M	-43.44M	-40.34M	-63.7M	-62.94M
Cash Acquisitions	-745M	-444M	-21.53M	-666M	-52.95M
Sale (Purchase) of Intangible assets	-16.16M	-47.62M	-82.89M	-118M	-166M
Investment in Marketable and Equity Securities, Total	-	1.61M	1.38M	1.76M	-13.92M
Other Investing Activities, Total	-	-	-498M	504M	-
Cash from Investing	-786M	-533M	-641M	-341M	-296M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	575M	350M	1.61B	900M	1.1B
Total Debt Issued	575M	350M	1.61B	900M	1.1B
Short Term Debt Repaid, Total	-680K	-1.14M	-1.44M	-	-
Long-Term Debt Repaid, Total	-12.12M	-16.99M	-1.53B	-928M	-1.1B
Total Debt Repaid	-12.8M	-18.14M	-1.53B	-928M	-1.1B
Issuance of Common Stock	175M	-	425M	-	-
Repurchase of Common Stock	-	-	-	-	-127M
Common Dividends Paid	-	-16.25M	-	-67.11M	-78.17M
Common & Preferred Stock Dividends Paid	-	-16.25M	-	-67.11M	-78.17M
Other Financing Activities, Total	-94M	-84.51M	-205M	-219M	-158M
Cash from Financing	643M	231M	293M	-314M	-359M
Net Change in Cash	-21.07M	110M	59.84M	-131M	-20.26M
Supplemental Items
Cash Income Tax Paid (Refund)	14.12M	30.68M	114M	79.44M	93.68M
Levered Free Cash Flow	110M	247M	-337M	736M	483M
Unlevered Free Cash Flow	157M	317M	-217M	843M	580M
Change In Net Working Capital	-19.02M	-91.57M	498M	-538M	-256M
Net Debt Issued / Repaid	562M	332M	73.41M	-27.55M	4.18M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.24	6.69	6.98	7.19	8.39
Return on Total Capital	2.83	8.5	8.71	8.91	11.09
Return On Equity %	-27.66	133.63	22.9	18.76	38.14
Return on Common Equity	-30.44	523.79	24.85	19.41	41.35
Margin Analysis
Gross Profit Margin %	22.58	32.19	35.82	34.98	37.04
SG&A Margin	1.23	0.98	1.43	2.28	2.43
EBITDA Margin %	16.23	25.86	29.07	28.7	29.47
EBITA Margin %	12.15	22.87	26.66	26.35	27.14
EBIT Margin %	6.14	18.72	20.66	19.29	20.74
Income From Continuing Operations Margin %	-5.83	5.69	4.55	5.18	8
Net Income Margin %	-5.79	5.24	4.18	4.92	7.76
Net Avail. For Common Margin %	-5.79	5.24	4.18	4.92	7.76
Normalized Net Income Margin	-2.31	5.6	4.93	5.39	7.43
Levered Free Cash Flow Margin	11.67	17.69	-20.67	36.71	21.49
Unlevered Free Cash Flow Margin	16.65	22.71	-13.29	42.03	25.8
Asset Turnover
Asset Turnover	0.58	0.57	0.54	0.6	0.65
Fixed Assets Turnover	8.3	8.56	9.5	9.98	9.93
Receivables Turnover (Average Receivables)	13.72	13.56	17.71	23.15	29.68
Inventory Turnover (Average Inventory)	10.49K	573.22	444.98	876.94	910.38
Short Term Liquidity
Current Ratio	0.75	0.95	1.82	0.75	0.49
Quick Ratio	0.58	0.67	0.68	0.5	0.33
Operating Cash Flow to Current Liabilities	0.26	0.79	0.71	0.9	0.77
Days Sales Outstanding (Average Receivables)	26.61	26.92	20.61	15.81	12.3
Days Outstanding Inventory (Average Inventory)	0.03	0.64	0.82	0.42	0.4
Average Days Payable Outstanding	26.91	32.37	31.9	30.74	32.94
Cash Conversion Cycle (Average Days)	-0.27	-4.81	-10.48	-14.51	-20.25
Long Term Solvency
Total Debt/Equity	548.61	1.88K	401.11	379.74	572.78
Total Debt / Total Capital	84.58	94.94	80.04	79.16	85.14
LT Debt/Equity	486.91	1.8K	373.03	362.23	548.3
Long-Term Debt / Total Capital	75.07	90.83	74.44	75.51	81.5
Total Liabilities / Total Assets	87.77	96.04	83.5	83.54	89.22
EBIT / Interest Expense	0.72	2.19	1.53	1.79	2.41
EBITDA / Interest Expense	2.03	3.15	2.23	2.77	3.55
(EBITDA - Capex) / Interest Expense	1.72	2.79	2.05	2.47	3.22
Total Debt / EBITDA	8.86	5.37	4.42	3.6	3.15
Net Debt / EBITDA	7.92	4.68	3.82	3.32	2.94
Total Debt / (EBITDA - Capex)	10.44	6.08	4.81	4.03	3.47
Net Debt / (EBITDA - Capex)	9.34	5.29	4.16	3.72	3.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	164.19	72.61	17.04	22.8	12.09
Gross Profit, 1 Yr. Growth %	188.2	103.83	30.22	19.9	18.71
EBITDA, 1 Yr. Growth %	202.93	136.18	31.54	21.24	15.11
EBITA, 1 Yr. Growth %	265.3	179.06	36.43	21.34	15.46
EBIT, 1 Yr. Growth %	-2.56K	352.49	29.79	14.78	20.52
Earnings From Cont. Operations, 1 Yr. Growth %	35.28	-237.08	-5.37	40.59	73.19
Net Income, 1 Yr. Growth %	36.94	-226.9	-5.29	45.12	76.78
Normalized Net Income, 1 Yr. Growth %	-9.9	-431.05	4.11	34.73	54.6
Diluted EPS Before Extra, 1 Yr. Growth %	-	-226.89	-19.18	35.16	79.49
Accounts Receivable, 1 Yr. Growth %	487.42	-24.55	8.28	-19.28	-4.24
Inventory, 1 Yr. Growth %	62.26	3.64K	-53.48	-1.14	10.28
Net Property, Plant and Equip., 1 Yr. Growth %	145.99	2.11	8.53	24.65	3.02
Total Assets, 1 Yr. Growth %	102.38	25.48	19.08	4.58	1.93
Tangible Book Value, 1 Yr. Growth %	118.51	19.49	-22.05	43.86	12.24
Common Equity, 1 Yr. Growth %	75.74	-314.2	869.78	4.01	-37.24
Cash From Operations, 1 Yr. Growth %	-0.45	216.01	-1.09	28.66	21.11
Capital Expenditures, 1 Yr. Growth %	92.65	74.61	-7.13	57.89	-1.19
Levered Free Cash Flow, 1 Yr. Growth %	-	148.56	-254.99	-318.2	-34.4
Unlevered Free Cash Flow, 1 Yr. Growth %	-	114.09	-174.55	-488.84	-31.19
Dividend Per Share, 1 Yr. Growth %	-	-	-	15.38	46.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	114.15	42.13	19.88	17.32
Gross Profit, 2 Yr. CAGR %	-	137.19	62.92	24.96	19.31
EBITDA, 2 Yr. CAGR %	-	171.37	76.26	26.28	18.13
EBITA, 2 Yr. CAGR %	-	226.88	95.12	28.67	18.36
EBIT, 2 Yr. CAGR %	-	728.61	141.75	21.97	17.61
Earnings From Cont. Operations, 2 Yr. CAGR %	-	39.61	13.24	15.06	56.04
Net Income, 2 Yr. CAGR %	-	35.16	8.94	16.92	60.17
Normalized Net Income, 2 Yr. CAGR %	-	79.78	84.69	18.2	44.32
Diluted EPS Before Extra, 2 Yr. CAGR %	-	35.16	0.63	4.24	55.39
Accounts Receivable, 2 Yr. CAGR %	-	110.53	-9.61	-6.51	-12.08
Inventory, 2 Yr. CAGR %	-	678.73	316.94	-32.19	4.42
Net Property, Plant and Equip., 2 Yr. CAGR %	-	58.48	5.27	16.31	13.32
Total Assets, 2 Yr. CAGR %	-	59.49	23.18	11.66	3.25
Tangible Book Value, 2 Yr. CAGR %	-	75.91	-2.42	6.04	27.07
Common Equity, 2 Yr. CAGR %	-	-36.53	351.76	217.48	-19.21
Cash From Operations, 2 Yr. CAGR %	-	81.08	76.8	12.81	24.83
Capital Expenditures, 2 Yr. CAGR %	-	83.41	27.34	21.09	24.9
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	84.37	83.85	19.64
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	21.08	70.19	63.57
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	30.09
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	75.08	35.37	17.23
Gross Profit, 3 Yr. CAGR %	-	-	94.22	47.09	22.84
EBITDA, 3 Yr. CAGR %	-	-	113.17	55.59	22.44
EBITA, 3 Yr. CAGR %	-	-	144.29	66.55	24.1
EBIT, 3 Yr. CAGR %	-	-	345.93	88.5	21.48
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	22.17	21.51	31.86
Net Income, 3 Yr. CAGR %	-	-	19.55	19.65	34.2
Normalized Net Income, 3 Yr. CAGR %	-	-	49.34	66.04	29.27
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	13.39	10.83	24.75
Accounts Receivable, 3 Yr. CAGR %	-	-	68.68	-12.96	-5.76
Inventory, 3 Yr. CAGR %	-	-	204.41	158.06	-20.25
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	39.69	11.37	11.7
Total Assets, 3 Yr. CAGR %	-	-	45.43	16.68	8.32
Tangible Book Value, 3 Yr. CAGR %	-	-	35.1	11.16	8.07
Common Equity, 3 Yr. CAGR %	-	-	56.57	176.81	84.94
Cash From Operations, 3 Yr. CAGR %	-	-	48.02	59.03	15.51
Capital Expenditures, 3 Yr. CAGR %	-	-	46.19	36.81	13.16
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	94.98	30.4
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	78.58	25.84
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	49.18
Gross Profit, 5 Yr. CAGR %	-	-	-	-	59.82
EBITDA, 5 Yr. CAGR %	-	-	-	-	68.34
EBITA, 5 Yr. CAGR %	-	-	-	-	82.82
EBIT, 5 Yr. CAGR %	-	-	-	-	161.59
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	34.6
Net Income, 5 Yr. CAGR %	-	-	-	-	34.24
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	47.2
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	28.49
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	29.98
Inventory, 5 Yr. CAGR %	-	-	-	-	98.42
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	28.48
Total Assets, 5 Yr. CAGR %	-	-	-	-	26.84
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	31.9
Common Equity, 5 Yr. CAGR %	-	-	-	-	20.15
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	38.27
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	37.27