Facts speak louder than words and the easiest way to depict the achievements of National Lottery plc would be to highlight the remarkable financial results, starting from a 23 per cent increase in turnover, 34 per cent
increase in player winnings, and 30 per cent increase in Gross Gaming Revenue (GGR).
IZI Group The Winning Numbers Malta-based IZI Group has announced record results across its businesses, including Malta’s
National Lottery, Dragonara Casino and iGaming. G3 interviews Johann Schembri, the Founder and Chief Executive Officer of IZI Group about the company’s financial results for FY2024.
JOHANN SCHEMBRI Founder and CEO, IZI Group
Johann, IZI Group’s latest financial results are impressive. What are the key elements leading to such growth?
Tese exceptional results are the outcome of the strategy adopted by the Group over a number of years which has always been deeply customer- centric, with a keen focus on closely monitoring local market trends to stay attuned to evolving market needs. Given our diverse customer base, it is crucial for us to remain vigilant and adaptable, making changes that truly add value. Our comprehensive digital adoption and strong degree of innovation have always been at the heart of our Group’s approach.
Te enhancements we’ve made and continue making to our product portfolio, coupled with our commitment to improving product accessibility, are two of the main drivers behind the success we achieved in FY2024.
What are the most salient achievements of the Group this year?
Tere is no doubt that the one word that epitomises our year in review is GROWTH. From a financial perspective the Group has managed to attain Year-On-Year (Y-O-Y) growth across all its Key Performance Indicators (KPIs). We attained a total turnover of €569m a notable Y-O-Y increase of 23 per cent, while ensuring a very strong return to players as player
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Te Group has been operating the National Lottery of Malta for just over two years. What achievements that you are most proud of?
National Lottery plc constitutes a key subsidiary of the Group. Facts speak louder than words and the easiest way to depict the achievements of National Lottery plc would be to highlight the remarkable financial
winnings reached €481m, an increase of 24 per cent when compared to the same period last year. Our Gross Gaming Revenue (GGR) reached record levels of €86.5m, exceeding our own projections and the forecasts we had shared with the Capital Markets, representing an increase of 25 per cent over the previous year. Tis material growth in revenue was also complemented by a strong focus on cost optimisation and improved margins, leading to a record EBITDA for the year of €23.1m, constituting a growth of 68.2 per cent on the previous year.
Te Group’s impressive growth must also be seen with the context of our ever-increasing and equally unprecedented commitment to Responsible Gaming and the rolling out of a robust Environmental, Social, and Governance (ESG) Strategy, focusing predominantly on ethical practices, environmental sustainability, social responsibility, and transparent governance, aligning the Group’s expansion with sustainable, responsible operations.
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