Malta-based gaming group IZI Group reported turnover of €1.172bn for the financial year ended 30 June 2026, up 27.4% year-on-year and the first time the company has crossed the billion mark. GGR rose 18.3% to €110.9m. Profit before tax doubled to €14.4m.
Player winnings increased 28.4% to €1.060bn. EBITDA climbed 29.1% to €37.3m, operating profit 63.8% to €19.4m. EBITDA margin to GGR improved from 30.8% to 33.7%. Operating cash flow grew around 40% to €39.7m; cash at year-end stood at €44.3m, with working capital showing a €24.3m surplus.
The group's main revenue driver is National Lottery plc, operator of Malta's national lottery; IZI also owns Dragonara Casino and an interactive portfolio. The company paid €41.8m in concession fees and taxes to the Maltese state, equivalent to 37.7% of GGR. During the year, subsidiary IZI Finance issued €30m in bonds at 5.5% annual interest, maturing in 2036.
Founder and CEO Johann Schembri said the results exceeded all targets. The group has completed a major investment programme in Malta; next steps include product innovation, distribution expansion, strengthening the digital offer and entering international markets with high barriers to entry.
